Payable to Officers and Employees

12 Months Ended

Dec. 31, 2012

Payable To Officers and Employees [Abstract]

PAYABLE TO OFFICERS AND EMPLOYEES

NOTE 6 PAYABLE TO OFFICERS AND EMPLOYEES

The Company established a plan in September 2012.  Under this plan, eligible employees may make loans to the Company and earn interest equal to prevailing China bank loan interest rates, normally two to four times rates on savings accounts.  The maximum loan amount cannot exceed RMB 500,000, RMB 300,000 and RMB 200,000 made by mid-level or above managers, supervisors or employees who have worked in the Company for more than 5 years, and other eligible employees, respectively. The loans can be made only in the period from September 1, 2012 to December 31, 2012.  In order to be eligible for this plan, employees must have worked for the Company for at least three years.  The annual interest rate varies in line with changes in China bank loan interest rates.  During 2012, the loan interest rate was 6.0% and the loans are payable on demand.   The total loans payable as of December 31, 2012 to officers and employees are listed below:

Payable to officers:	$	72,818
Payable to employees:		2,268,756
Total:	$	2,341,574