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		7,016,042			7,016,045
Patent (U.S. No. 6,475,531 B1)	119 months		32,748,665			32,748,665
Less: Accumulated amortization			(1,787,559	)		(612,674	)
Patents, net		$	37,977,148		$	39,152,036

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 the patents for the three months ended June 30, 2011 and 2010 was $1,174,887 and $84,819, respectively.