INTANGIBLE ASSETS, NET

3 Months Ended

Jun. 30, 2011

INTANGIBLE ASSETS, NET

NOTE 8 - INTANGIBLE ASSETS, NET

The intangible assets of the Company consist of land use right and purchased patents.

Net land use right and purchased patents were as follows:

	Amortization	As of
	Period	June 30, 2011			March 31, 2011
Land use right	50 years		1,547,801			1,547,801
Less: Accumulated amortization			(149,626	)		(139,821	)
Land use right, net			1,398,175			1,407,980
Patent 1	16.5 years		7,107,979			7,016,045
Patent (U.S. No. 6,475,531 B1)	119 months		56,140,567			56,140,567
Less: Accumulated amortization			(2,529,998	)		(809,245	)
Patents, net		$	60,718,548		$	62,347,368

The amortization expense of land use right for the three months ended June 30, 2011 and 2010 was $9,805 and $8,141, respectively.

The amortization expense of patent for the three months ended June 30, 2011 and 2010 was $1,720,753 and $84,819, respectively.