Short-Term Bank Loans (Tables)

6 Months Ended

Jun. 30, 2013

Short-Term Bank Loans [Abstract]

Summary of short-term bank loans

	June 30, 2013		December 31, 2012
Loan from Agricultural and Commercial Bank, due on August 26, 2013 with annual interest rate of 6.90% at December 31, 2012, secured by certain assets of the Company and repaid on May 15, 2013.	$	-	$	474,977
Loan from Agricultural and Commercial Bank, due on May 9, 2014 with annual interest rate of 7.20% at June 30, 2013, secured by certain assets of the Company.		484,794		-
Loan from Bank of Communications, due on May 8, 2013 with annual interest rate of 6.72% at December 31, 2012, repaid on due date.		-		316,651
Loan from Bank of Communications, due on May 12, 2013 with annual interest rate of 6.72% at December 31, 2012, repaid on due date.		-		474,977
Loan from Bank of Communications, due on November 5, 2013 with annual interest rate of 6.72% at June 30, 2013.		323,196		-
Loan from Bank of Communications, due on November 12, 2013 with annual interest rate of 6.72% at June 30, 2013.		484,794		-
Loan from Bank of China, due on January 16, 2013 with annual interest rate of 7.35% at December 31, 2012, secured by certain assets of the Company, repaid on due date.		-		949,953
Loan from Bank of China, due on January 3, 2014 with annual interest rate of 6.30% at June 30, 2013, secured by certain assets of the Company.		969,587		-
Loan from Jiangsu Huishan Mintai Village Town Bank, due on September 30, 2013 with annual interest rate of 7.80% at June 30, 2013, secured by certain assets of the Company.		807,989		-
Total short-term bank loans	$	3,070,360	$	2,216,558