ACCRUED EXPENSES AND OTHER PAYABLE

9 Months Ended

Sep. 30, 2014

ACCRUED EXPENSES AND OTHER PAYABLE [Text Block]

12.	ACCRUED EXPENSES AND OTHER PAYABLE
	Accrued expenses and other payables consisted of the following as of September 30, 2014 and December 31, 2013:

		9/30/2014		12/31/2013
Accrued salaries and wages	$	370,939	$	32,731
Accrued utility expenses		27,168		39,765
Accrued interest expenses		2,416,346		927,986
Accrued transportation expenses		726,655		144,061
Other accruals		10,435,481		-
Business and other taxes		361,501		885,972
Disbursement payable		19,000		-
Accrued staff welfare		493,020		285,300
	$	14,850,110	$	2,315,815