Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

In March 2014, the Company repaid short-term loan from Bank of China in the principal amount of $490,966, and borrowed the same amount from Bank of China. The new loan bears interest rate at 6.27% per annum and is due on February 16, 2015.

In March 2014, the Company repaid short-term loan from Bank of China in the principal amount of $490,966, and borrowed the same amount from Bank of China. The new loan bears interest rate at 6.27% per annum and is due on February 18, 2015.

In March 2014, the Company entered into an operating lease agreement whereby the Company leased its ERS equipment to a third party for a period of eight year, effective April 1, 2014 (See Note 6).