INTANGIBLE ASSETS, NET

3 Months Ended

Jun. 30, 2012

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, 2012			March 31, 2012
Land use right	50 years	$	1,604,452		$	1,612,252
Less: Accumulated amortization			(185,224	)		(178,052	)
Land use right, net			1,419,228			1,434,200
Patent 1	16.5 years		7,272,842			7,308,199
Patent (non-US No. ZL200510045001.9)	13.75 years		9,802,526			9,850,182
Patent (non-US No. ZL200710013301.8)	14.95 years		1,581,053			1,588,739
Less: Accumulated amortization			(1,621,528	)		(1,317,810	)
Patents, net		$	17,034,893		$	17,429,310

The amortization expense of land use right for the three months ended June 30, 2012 and 2011 was $7,172 and $9,805, respectively.

The amortization expense of the patents for the three months ended June 30, 2012 and 2011 was $303,718 and $1,174,887, respectively.