XML 71 R27.htm IDEA: XBRL DOCUMENT

Short-Term Bank Loans (Tables)

9 Months Ended

Sep. 30, 2014

Short-Term Bank Loans [Abstract]

Schedule of short-term bank loans

		September 30, 2014				December 31, 2013
Loan from Agricultural and Commercial Bank, due on May 9, 2014 with annual interest rate of 7.20% at December 31, 2013, secured by certain assets of the Company and repaid on due date.		$	-			$	490,966

Loan from Agricultural and Commercial Bank, due on March 20, 2015 with annual interest rate of 7.20% at September 30, 2014, secured by certain assets of the Company.			487,535				-

Loan from Bank of China, due on March 1, 2014 with annual interest rate of 6.27% at December 31, 2013, secured by certain assets of the Company and repaid on due date.			-				490,966

Loan from Bank of China, due on March 4, 2014 with annual interest rate of 6.27% at December 31, 2013, secured by certain assets of the Company and repaid on due date.			-				490,966

Loan from Jiangsu Huishan Mintai Village Town Bank, due on July 15, 2014 with annual interest rate of 9.30% at December 31, 2013, secured by certain assets of the Company and repaid on due date.			-				818,277

Loan from Jiangsu Huishan Mintai Village Town Bank, due on July 1, 2015 with annual interest rate of 9.36% at September 30, 2014, secured by certain assets of the Company.			812,560				-

Loan from Bank of Communications, due on April 21, 2014 with annual interest rate of 6.72% at December 31, 2013 and repaid on due date.			-				327,312

Loan from Bank of Communications, due on April 23, 2014 with annual interest rate of 6.72% at December 31, 2013 and repaid on due date.			-				490,966

Loan from Bank of Communications, due on October 21, 2014 with annual interest rate of 6.72% at September 30, 2014 and repaid on due date (see note 15).			325,024				-

Loan from Bank of Communications, due on October 23, 2014 with annual interest rate of 6.72% at September 30, 2014 and repaid on due date (see note 15).			487,535				-

Loan from Bank of China, due on February 16, 2015 with annual interest rate of 6.27% at September 30, 2014, secured by certain assets of the Company.			487,535				-

Loan from Bank of China, due on February 18, 2015 with annual interest rate of 6.27% at September 30, 2014, secured by certain assets of the Company.			487,535				-

Total short-term bank loans		$	3,087,724			$	3,109,453