INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2012

INTANGIBLE ASSETS, NET [Text Block]

NOTE 6 – INTANGIBLE ASSETS, NET

Intangible assets at June 30, 2012 and December 31, 2011 consisted of the following:

	June 30, 2012
	Weighted
	average		Gross					Net
	amortization		carrying		Accumulated			carrying
	period		amount		amortization			amount
Amortizing intangible assets:
Permits and licenses	10 years	$	4,981,362	$	(1,788,375	)	$	3,192,987
GMP certificate	5.8 years		2,522,496		(1,660,853	)		861,643
Long-term customer-relationship	4 years		7,509,730		(6,571,014	)		938,716
Others			237,352		(120,749	)		116,603
Total		$	15,250,940	$	(10,140,991	)	$	5,109,949
	December 31, 2011
	Weighted
	average		Gross					Net
	amortization		carrying		Accumulated			carrying
	period		amount		amortization			amount
Amortizing intangible assets:
Permits and licenses	10 years	$	4,946,791	$	(1,562,105	)	$	3,384,686
GMP certificate	5.8 years		2,504,990		(1,364,070	)		1,140,920
Long-term customer-relationship	4 years		7,457,612		(5,593,209	)		1,864,403
Others			233,030		(102,368	)		130,662
Total		$	15,142,423	$	(8,621,752	)	$	6,520,671

Aggregate amortization expense for amortizing intangible assets was $733,794 and $857,695 for the three months ended June 30, 2012 and 2011, respectively. Aggregate amortization expense for amortizing intangible assets was $1,456,810 and $1,710,688 for the six months ended June 30, 2012 and 2011, respectively. Estimated amortization expenses for the next five fiscal years are $1,114,262 in 2013, $556,779 in 2014, $556,726 in 2015, $539,399 in 2016 and $526,997 in 2017.