Note 16 - Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions Disclosure [Text Block]

16.   RELATED PARTY TRANSACTIONS

Other assets, related party, relates to a $1,754,000 payment made to YTE as the Company will be working with YTE to supply the initial order of fifty electric buses to Wu’an, China

YTE became a related party, as of July 21, 2011. Sales and cost of goods sold to YTE, from July 21, 2011 through December 31, 2011, amounted to $80,820 and $27,377, respectively. The sales and cost of goods sold to YTE, prior to July 21, 2011, amounted to $1,720,000 and $2,300,000, respectively, which was recognized before the Share Subscription Agreement with Canon was completed.