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OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
Other Receivables Deposits and Prepayments [Abstract]  
Other Receivables and Prepayments
Other receivables, deposits and prepayments consisted of the following:
 
 
 
As of December 31,
 
 
 
2013
 
2012
 
Prepaid insurance
 
$
136,500
 
$
162,000
 
Other receivables
 
 
118,680
 
 
118,031
 
Utility deposits
 
 
82,009
 
 
79,548
 
Prepaid research and development costs
 
 
-
 
 
200,376
 
Less: Allowance for valuation and doubtful debts
 
 
-
 
 
-
 
 
 
$
337,189
 
$
559,955