Loan Receivable

3 Months Ended

Sep. 30, 2011

Receivables, Loans, Notes Receivable, and Others

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 6.   LOAN RECEIVABLE

As of September 30, 2011 and December 31, 2010, the loan to an unrelated party represents a short-term loan the Company lent to Heilongjiang Guoan Real Estate Development Corp (“HGRE”) in November 2010.  The amount of the loan is RMB 30 million, is secured by real estate of the unrelated party.  The term is one year.  The repayment schedule is divided into two parts.  HGRE made the first repayment of 15 million RMB during the quarter ended September 30, 2011.  The balance of the loan, 15 million RMB, will be due on November 29, 2011.  The interest rate is 6.372%, higher than the base interest rate of People's Bank of China by 20 basis points. The interest is paid quarterly.  Management intends and expects that the Company will hold the loan until it matures.