Other Payables

12 Months Ended

Dec. 31, 2015

Other Payables [Text Block]

Note 7 – Other Payables

Other payables at December 31, 2015 and 2014 consisted of the following:

		2015		2014
Government grant for Shi Zi Ling workshop	$	2,765,325	$	3,393,109
Government grant for structure and equipment		1,330,397		1,632,423
Government grant for expansion and equipment		275,069		290,420
Taxes Payable		1,954,864		1,985,966
Due to Rixin Hotel Management		3,071,629		3,243,050
Due to Hainan Dingfeng		-		5,126,991
Miscellaneous payables		493,322		2,506,040
	$	9,890,606	$	18,177,999

The $2,765,325, $1,330,397 and $275,069 payables at December 31, 2015 are liabilities recorded pursuant to the funds received as part of government grants. See “Construction in Progress and Government Grants” in Note 2.