Short-term Loans

12 Months Ended

Dec. 31, 2015

Short-term Loans [Text Block]

Note 8 - Short-term Loans

Short-term loans at December 31, 2015 and 2014 consisted of the following:

		2015		2014
Due February 14, 2015 with interest of 4.5%	$	-	$	332,766
Due February 20, 2015 with interest of 4.5%		-		56,635
Due March 8, 2015 with interest of 4.5%		-		499,998
Due March 28, 2015, with interest of 6.6%		-		1,627,000
Due March 28, 2015, with interest of 6.6%		-		3,254,000
Due April 28, 2015 with interest of 6.6%		-		3,254,000
Due April 30, 2015 with interest of 6.72%		-		2,928,600
Due May 30, 2015 with interest of 6.6%		-		1,627,000
Due June 25, 2015 with interest of 6.6%		-		1,627,000
Due June 25, 2015 with interest of 6.16%		-		1,545,650
Due June 30, 2015 with interest of 6.16%		-		1,301,600
Due August 28, 2015 with interest of 7.2%		-		3,254,000
Due November 25, 2015 with interest of 6.72%		-		813,500
Due November 28, 2015 with interest of 6.72%		-		3,254,000
Due December 17, 2015 with interest of 6.2%		-		4,067,500
Due December 19, 2015 with interest of 6.2%		-		2,440,500
Due December 22, 2015 with interest of 5.6%		-		2,928,600
Due February 10, 2016 with interest of 6.2%		770,500		-
Due February 15, 2016 with interest of 6.7%		3,082,000		-
Due March 9, 2016 with interest of 5.8%		1,463,950		-
Due March 13, 2016 with interest of 5.9%		770,500		-
Due March 19, 2016 with interest of 5.9%		2,311,500		-
Due April 10, 2016 with interest of 5.9%		3,082,000		-
Due May 20, 2016 with interest of 5.9%		1,541,000		-
Due June 8, 2016 with interest of 5.9%		1,541,000		-
Due June 8, 2016 with interest of 5.9%		1,541,000		-
Due June 17, 2016 with interest of 5.9%		1,541,000		-
Due June 20, 2016 with interest of 5.4%		2,234,450
Due June 28, 2016 with interest of 5.4%		924,600
Various bank acceptance bills payable on various dates through March 27, 2016		924,600		3,931,673
	$	21,728,100	$	38,744,022

All short-term loans are collateralized by Company buildings and equipment.