Long-Term Loan

3 Months Ended

Jun. 30, 2011

Long-Term Loan [Text Block]

13.	Long-term loan
	The loan was borrowed from a non-financial institution, bearing interest at an annual rate of 106% of the benchmark rate of the PBOC for three-year to five-year long-term loans and guaranteed by a third party.
	The Company paid a counter guarantee of $212,372 as of December 31, 2010 to the third party. Due to maturity of loan, the counter guarantee was released as at June 26, 2011.
	The outstanding principal balance of the long-term loan became due and was settled on May 20, 2011 and June 26, 2011, respectively.