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OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Tables)
3 Months Ended
Mar. 31, 2013
Other Receivables Deposits and Prepayments [Abstract]  
Other Receivables and Prepayments

 

Other receivables, deposits and prepayments consisted of the following:

 

  March 31,  December 31, 
  2013  2012 
       
Other receivables $80,776  $118,031 
Utility deposits  79,759   79,548 
Prepaid research and development costs  32,767   200,376 
Prepaid insurance  -   162,000 
Less: Allowance for valuation and doubtful debts  -   - 
         
  $193,302  $559,955