ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES

12 Months Ended

Dec. 31, 2011

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES [Abstract]

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES

NOTE 10         ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES

Accounts payable, accrued expenses and other payables as of December 31, 2011 and 2010 consisted of the following:

	2011		2010
Accrued staff benefit and related fees	$	410,254	$	546,505
Accrued professional fee		115,615		70,492
Directors' loans (Note 14)		229,744		-
Accrued interest expenses		12,603		12,603
Other accrued expenses		328,040		505,522
Payable to a related party (Note 14)		-		26,538
Other payables		131,526		33,178
Total	$	1,227,782	$	1,194,838