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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

 

NOTE 15 – SUBSEQUENT EVENTS

 

In October 2014, the Company repaid short-term loan from Bank of Communications in the principal amount of $325,024, and borrowed the same amount from the same bank. The new loan bears interest rate at 6.72% per annum and is due on April 16, 2015.

 

In October 2014, the Company repaid short-term loan from Bank of Communications in the principal amount of $487,535, and borrowed the same amount from the same bank. The new loan bears interest rate at 6.72% per annum and is due on April 23, 2015.