Bank Acceptance Notes Payable

12 Months Ended

Dec. 31, 2013

Bank Acceptance Notes Payables [Abstract]

NOTE 8 – BANK ACCEPTANCE NOTES PAYABLE

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

	December 31, 2013		December 31, 2012
Bank of China, non-interest bearing, due on January 4, 2014, collateralized by 100% of restricted cash deposited.	$	81,828	$	-
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due on February 23, 2014, collateralized by 100% of restricted cash deposited.		327,311		-
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due on April 15, 2014, collateralized by 100% of restricted cash deposited.		163,655		-
Bank of China, non-interest bearing, due on May 12, 2014, collateralized by 100% of restricted cash deposited.		81,828		-
Bank of Communications, non-interest bearing, due on January 3, 2014, collateralized by 100% of restricted cash deposited.		32,731		-
Total	$	687,353	$	-