Land Use Rights

3 Months Ended

Mar. 31, 2016

Land Use Rights [Abstract]

LAND USE RIGHTS

NOTE 6 – LAND USE RIGHTS

There is no private ownership of land in China. Land is owned by the government and the government grants land use rights for specified terms. The Company’s land use rights have terms of 45 and 50 years and expire on January 1, 2053 and October 30, 2053. The Company amortizes the land use rights over the term of the respective land use right. For the three months ended March 31, 2016 and 2015, amortization of land use rights amounted to $22,599 and $24,086, respectively. At March 31, 2016 and December 31, 2015, land use rights consisted of the following:

	Useful life	March 31, 2016			December 31, 2015
Land use rights	45 - 50 years	$	4,187,533		$	4,159,920
Less: accumulated amortization			(805,932	)		(777,849	)
		$	3,381,601		$	3,382,071

Amortization of land use rights attributable to future periods is as follows:

Twelve-month periods ending March 31:	Amount
2017	$	91,679
2018		91,679
2019		91,679
2020		91,679
2021		91,679
Thereafter		2,923,206
	$	3,381,601