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SHORT-TERM BANK LOANS (Tables)

6 Months Ended

Jun. 30, 2012

SCHEDULE OF SHORT-TERM BANK LOANS [Table Text Block]

			Maturity			Annual
Loans			date			interest rate			June 30, 2012			December 31, 2011
Short-term bank loan, secured ⁽¹⁾			March 22, 2012			6.06%			-			3,148,000
Short-term bank loan, unsecured			January 29, 2012			5.81%			-			1,574,000
Short-term bank loan, unsecured			January 29, 2012			6.06%			-			1,574,000
Short-term bank loan, unsecured			May 19, 2012			6.31%			-			4,722,000
Total								$	-		$	11,018,000