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INTANGIBLE ASSETS, NET
6 Months Ended
Apr. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]

9.         INTANGIBLE ASSETS, NET

 

Intangible assets and related accumulated amortization as of April 30, 2012 and October 31, 2011 were as follows:

 

    2012     2011  
    US$     US$  
             
YiChun undergrowth resources     15,789,058       15,685,044  
Product patents     2,526,249       2,509,607  
Total     18,315,307       18,194,651  
                 
Less: Accumulated amortization     (1,415,906 )     (1,047,951 )
Intangible assets, net     16,899,401       17,146,700  

 

The amortization expense of intangible assets incurred and recognized on our condensed consolidated statements of operations and comprehensive income during the three and six months ended April 30, 2012 and 2011 were as follow:

 

    For the three months ended April 30,  
    2012     2011  
    US$     US$  
                 
Amortization Expense:     180,195       165,753  

 

    For the six months ended April 30,  
    2012     2011  
    US$     US$  
                 
Amortization Expense:     360,749       201,006  

 

The following table shows the estimated amortization expenses expected to be incurred in the next five years:

 

Year     Amortization Expense
   
  2012 remaining   360,749
  2013     721,498
  2014     721,498
  2015     721,498
  2016     721,498
   Thereafter     13,652,660
  Total    $ 16,899,401