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OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Tables)
12 Months Ended
Dec. 31, 2012
Other Receivables Deposits And Prepayments [Abstract]  
Other Receivables and Prepayments

Other receivables, deposits and prepayments consisted of the following:

    As of December 31,  
    2012     2011  
Prepaid research and development costs   $ 200,376     $ 1,154,704  
Prepaid insurance     162,000       123,250  
Other receivables     118,031       24,675  
Utility deposits     79,548       79,354  
Recoverable input VAT     -       467,858  
Other prepayments     -       33,023  
Less: Allowance for valuation and doubtful debts     -       -  
    $ 559,955     $ 1,882,864