INTANGIBLE ASSETS, NET

12 Months Ended

Mar. 31, 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	March 31, 2011			March 31, 2010
Land use right	50 years		1,547,801		$	1,486,603
Less: Accumulated amortization			(139,821	)		(104,057	)
Land use right, net			1,407,980			1,382,546
Patent 1	16.5 years		7,016,045			6,738,643
Patent (U.S. No. 6,475,531 B1)	119 months		32,748,655			0
Less: Accumulated amortization			(612,674	)		(28,078	)
Patents, net		$	39,152,036		$	6,710,565

The amortization expense of land use right for the years ended March 31, 2011 and 2010 was $35,764 and $22,673, respectively.

The amortization expense of patent for the years ended March 31, 2011 and 2010 was $584,596 and $28,078, respectively.