INTANGIBLE ASSETS, NET

9 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

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	December 31, 2012			March 31, 2012
Land use right	50 years	$	1,614,510		$	1,612,252
Less: Accumulated amortization			(202,597	)		(178,052	)
Land use right, net			1,411,913			1,434,200
Patent 1	16.5 years		7,318,430			7,308,199
Patent (non-US No. ZL200510045001.9)	13.75 years		9,863,973			9,850,182
Patent (non-US No. ZL200710013301.8)	14.95 years		1,590,963			1,588,739
Less: Accumulated amortization			(2,257,508	)		(1,317,810	))
Patents, net		$	16,515,858		$	17,429,310

The amortization expense of land use right for the three months ended December 31, 2012 and 2011 was $9,831 and $9,439, respectively.  The amortization expense of patents for the three months ended December 31, 2012 and 2011 was $330,933 and $1,419,727, respectively.

The amortization expense of land use right for the nine months ended December 31, 2012 and 2011 was $24,545 and $29,856, respectively.  The amortization expense of patents for the nine months ended December 31, 2012 and 2011 was $939,698 and $3,315,517, respectively.