Intangible Assets, net

12 Months Ended

Dec. 31, 2015

Intangible Assets, net [Text Block]

Note 6 - Intangible Assets

Intangible assets at December 31, 2015 and 2014 consisted of the following:

		2015			2014
Right to use land	$	1,129,970		$	1,193,031
Less: Accumulated amortization		(156,598	)		(141,788	)
Intangible assets, net	$	973,372		$	1,051,243

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, 2015:

Year ending December 31,
2016	$	22,599
2017		22,599
2018		22,599
2019		22,599
2020		22,599
Thereafter		860,377
	$	973,372