STATUTORY RESERVES (Tables)

9 Months Ended

Sep. 30, 2012

Statutory Reserves [Abstract]

Statutory Reserve Activity

For the nine months ended September 30, 2012, statutory reserve activity is as follows:

Balance – December 31, 2011	$	10,418,476
Addition to statutory reserves		2,944,488
Balance –September 30, 2012	$	13,362,964