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INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2013
Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS
Intangible assets at June 30, 2013 and December 31, 2012 consisted of the following:
 
 
 
June 30, 2013
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
average
 
Gross
 
 
 
 
Net
 
 
 
amortization
 
carrying
 
Accumulated
 
carrying
 
 
 
period
 
amount
 
amortization
 
amount
 
 
 
 
 
 
USD
 
USD
 
USD
 
Amortizing intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Permits and licenses
 
 
10 years
 
 
5,091,360
 
 
(2,477,006)
 
 
2,614,354
 
GMP certificate
 
 
5 years
 
 
2,578,198
 
 
(2,282,267)
 
 
295,931
 
Long-term customer relationship
 
 
4 years
 
 
7,675,560
 
 
(7,675,560)
 
 
-
 
Others
 
 
 
 
 
342,231
 
 
(148,306)
 
 
193,925
 
Total
 
 
 
 
 
15,687,349
 
 
(12,583,139)
 
 
3,104,210
 
 
 
 
December 31, 2012
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
average
 
Gross
 
 
 
 
Net
 
 
 
amortization
 
carrying
 
Accumulated
 
carrying
 
 
 
period
 
amount
 
amortization
 
amount
 
 
 
 
 
 
USD
 
USD
 
USD
 
Amortizing intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Permits and licenses
 
 
10 years
 
 
4,987,647
 
 
(2,119,622)
 
 
2,868,025
 
GMP certificate
 
 
5 years
 
 
2,525,679
 
 
(1,955,360)
 
 
570,319
 
Long-term customer relationship
 
 
4 years
 
 
7,519,206
 
 
(7,519,206)
 
 
-
 
Others
 
 
 
 
 
214,520
 
 
(111,282)
 
 
103,238
 
Total
 
 
 
 
 
15,247,052
 
 
(11,705,470)
 
 
3,541,582