INTANGIBLE ASSETS, NET

9 Months Ended

Jul. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 9 - INTANGIBLE ASSETS, NET

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

	July 31, 2012			October 31, 2011
	US$			US$
YiChun undergrowth resources		15,808,527			15,685,044
Product patents		2,529,364			2,509,607
Total		18,337,891			18,194,651
Less: Accumulated amortization		(1,598,377	)		(1,047,951	)
Intangible assets, net		16,739,514			17,146,700

The amortization expense of intangible assets incurred and recognized on our condensed consolidated statements of income and comprehensive income during the three and nine months ended July 31, 2012 and 2011 were as follow:

	For the three months ended July 31,
	2012		2011
	US$		US$
Amortization Expense:		180,631		167,776

	For the nine months ended July 31,
	2012		2011
	US$		US$
Amortization Expense:		541,380		368,782

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

Year		Amortization Expense
	2012 remaining	$	180,631
	2013		722,524
	2014		722,524
	2015		722,524
	2016		722,524
	2017 and thereafter		13,668,787
	Total	$	16,739,514