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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2012
FAIR VALUE MEASUREMENTS (Tables)  
Assets Fair Value

The Company held the following assets and liabilities recorded at fair value as of December 31, 2012 and 2011:

Fair Value Measurements at

December 31,

Reporting Date Using

Description

2012

Level 1

Level 2

Level 3

Banker's acceptance notes

$         101,570

$            -

$  101,570

$            -

Total

$         101,570

$            -

$  101,570

$            -

 

 

Fair Value Measurements at

December 31,

Reporting Date Using

Description

2011

Level 1

Level 2

Level 3

Banker's acceptance notes

 $           83,512

 $            -  

 $    83,512

 $            -  

Total

 $           83,512

 $            -  

 $    83,512

 $            -