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OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Tables)
 6 Months Ended
Jun. 30, 2013
Other Receivables Deposits and Prepayments [Abstract]  
Other Receivables and Prepayments
Other receivables, deposits and prepayments consisted of the following:
 
 
 
June 30,
2013
 
December 31,
2012
 
Prepaid insurance
 
$
439,446
 
$
162,000
 
Other receivables
 
 
158,073
 
 
118,031
 
Utility deposits
 
 
80,923
 
 
79,548
 
Prepaid research and development costs
 
 
-
 
 
200,376
 
Less: Allowance for valuation and doubtful debts
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
$
678,442
 
$
559,955