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SHARE - BASED PAYMENTS
9 Months Ended
Sep. 30, 2010
SHARE - BASED PAYMENTS 
SHARE - BASED PAYMENTS
Note 17 - Share - Based Payments

On December 3, 2010, the board of directors approved to issue 500,000 shares of the Company's common stock to Mr. Zhijun Liu, the consultant of the Company for one year consultant service fee. The fair value on December 3, 2010 was $50,000 based on the quoted price of the Company's common stock on that day. Total share-based payments recognized in income statement for the nine months ended September 30, 2011 and 2010 were $37,500 and $-0-, respectively.