RECEIVABLE FROM UNAFFLIATED ENTITIES	9 Months Ended
Sep. 30, 2011
RECEIVABLE FROM UNAFFLIATED ENTITIES	NOTE 8 – RECEIVABLE FROM UNAFFLIATED ENTITIES In May 2010, the Company made advances totaling approximately $4,129,115 (RMB 27,950,000) to four unaffiliated entities. The advances were initially made in anticipation of being equity investments and were subsequently restructured into term loans. At December 31, 2010, the aggregate outstanding balance was approximately $3,143,307 (RMB 20,782,920). The advances are unsecured, non-interest bearing, due in various installments, and any unpaid principal was due in full on September 30, 2011. All the advances were repaid by August 19, 2011. In March 2011, the Company made two more advances totaling approximately $75,837 (RMB 496,740) to two potential suppliers which were fully repaid on April 12, 2011.

NOTE 8 – RECEIVABLE FROM UNAFFLIATED ENTITIES

In May 2010, the Company made advances totaling approximately $4,129,115 (RMB 27,950,000) to four unaffiliated entities. The advances were initially made in anticipation of being equity investments and were subsequently restructured into term loans. At December 31, 2010, the aggregate outstanding balance was approximately $3,143,307 (RMB 20,782,920). The advances are unsecured, non-interest bearing, due in various installments, and any unpaid principal was due in full on September 30, 2011. All the advances were repaid by August 19, 2011.

In March 2011, the Company made two more advances totaling approximately $75,837 (RMB 496,740) to two potential suppliers which were fully repaid on April 12, 2011.