Bank Acceptance Notes Payable

3 Months Ended

Mar. 31, 2013

Bank Acceptance Notes Payables [Abstract]

BANK ACCEPTANCE NOTES PAYABLE

NOTE 8 – BANK ACCEPTANCE NOTES PAYABLE

Bank acceptance notes payable represents amounts due to a bank which are collateralized and typically renewed. All bank acceptance notes payable are secured by the Company’s restricted cash which is on deposit with the lender. At March 31, 2013 and December 31, 2012, the Company’s bank acceptance notes payables consist of the following:

	March 31, 2013		December 31, 2012
Bank of China, non-interest bearing, due on July 24, 2013, collateralized by 100% of restricted cash deposited.	$	159,195	$	-
Juangsu Huishan Mintai Village Town Bank, non-interest bearing, due on August 6, 2013, collateralized by 100% of restricted cash deposited.		795,976		-
Total	$	955,171	$	-