Bank Acceptance Notes Payable

9 Months Ended

Sep. 30, 2014

Bank Acceptance Notes Payables [Abstract]

BANK ACCEPTANCE NOTES PAYABLE

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 September 30, 2014 and December 31, 2013, the Company’s bank acceptance notes payables consisted of the following:

	September 30, 2014		December 31, 2013
Bank of China, non-interest bearing, due and paid on January 4, 2014, collateralized by 100% of restricted cash deposited.	$	-	$	81,828
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due and paid on February 23, 2014, collateralized by 100% of restricted cash deposited.		-		327,311
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due and paid on April 15, 2014, collateralized by 100% of restricted cash deposited.		-		163,655
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due and paid on October 29, 2014, collateralized by 100% of restricted cash deposited.		81,256		-
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due on January 11, 2015, collateralized by 100% of restricted cash deposited.		162,512		-
Jiangsu Huishan Mintai Village Town Bank, non-interest bearing, due on February 28, 2015, collateralized by 100% of restricted cash deposited.		81,256		-
Bank of China, non-interest bearing, due and paid on May 12, 2014, collateralized by 100% of restricted cash deposited.		-		81,828
Bank of Communications, non-interest bearing, due and paid on January 3, 2014, collateralized by 100% of restricted cash deposited.		-		32,731
Bank of China, non-interest bearing, due on December 4, 2014, collateralized by 100% of restricted cash deposited.		81,256		-
Bank of Communications, non-interest bearing, due on December 24, 2014, collateralized by 100% of restricted cash deposited.		32,502		-
Total	$	438,782	$	687,353