Intangible Assets

12 Months Ended

Dec. 31, 2013

Intangible Assets [Text Block]

Note 5 - Intangible Assets

Intangible assets at December 31, 2013 and 2012 consisted of the following:

		2013			2012
Right to use land	$	1,200,364		$	1,162,234
Less: Accumulated amortization		(118,966	)		(92,246	)
Intangible assets, net	$	1,081,398		$	1,069,988

Pursuant to the regulations, the PRC government owns all land. The Company has recognized the amounts paid for the acquisition of rights to use the land as an intangible asset and amortizing such rights over the period the Company has use of the land, which range from 54 to 57 years.

Amortization of intangible assets is as follows, by years from December 31, 2013:

Year Ending December 31,
2014	$	24,007
2015		24,007
2016		24,007
2017		24,007
2018		24,007
Thereafter		961,363
	$	1,081,398