FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2013

FAIR VALUE MEASUREMENTS (Tables)

Assets Fair Value

The Company held the following assets recorded at fair value as of June 30, 2013 and December 31, 2012: 

			Fair Value Measurements at
			Reporting Date Using
Description	June 30, 2013		Level 1		Level 2		Level 3
Banker's acceptance notes	$	1,714,011	$	-	$	1,714,011	$	-
Total	$	1,714,011	$	-	$	1,714,011	$	-
			Fair Value Measurements at
			Reporting Date Using
Description	December 31, 2012		Level 1		Level 2		Level 3
Banker's acceptance notes	$	101,570	$	-	$	101,570	$	-
Total	$	101,570	$	-	$	101,570	$	-