XML 78 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
3 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 15 – SUBSEQUENT EVENTS
 
On May 6, 2013, the Company repaid a short-term loan from Bank of Communications in the principal amount of $318,390, and borrowed the same amount from Bank of Communications.  The new loan bears interest at 6.72% and is due on November 5, 2013.
 
On May 12, 2013, the Company repaid a short-term loan from Bank of Communications in the principal amount of $477,585, and borrowed the same amount from Bank of Communications.  The new loan bears interest at 6.72% and is due on November 11, 2013.