XML 17 R26.htm IDEA: XBRL DOCUMENT  v2.3.0.11
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2011
COMMITMENTS AND CONTINGENCIES
NOTE 19
COMMITMENTS AND CONTINGENCIES

Lease commitments
 
The Company has entered into tenancy agreements for the lease of factory premises and warehouse with independent parties. The Company’s commitments for minimum lease payments under these operating leases for the next five years and thereafter as of June 30, 2011 are as follows:

Payable within:
      
- remainder of fiscal year ending December 31, 2011
   $ 25,960  
- fiscal year ending December 31, 2012
     55,627  
- fiscal year ending December 31, 2013
     59,955  
- fiscal year ending December 31, 2014 and thereafter
     20,397  
         
Total
   $ 161,939  

   
June 30,
    
December 31,
  
   
2011
    
2010
  
Capital commitments – contracted but not provided for:
            
             
Acquisition or construction of buildings - within one year
   $ 4,791,705     $ 1,664,997  
Purchase of machinery - within one year
     145,250       -  
                 
    $ 4,936,955     $ 1,664,997