Note 6 - Land Use Right

3 Months Ended

Jun. 30, 2012

Note 6 - Land Use Right:

Note 6 - Land Use Right

NOTE 6 - LAND USE RIGHT

All land in the People’s Republic of China is government owned and cannot be sold to any individual or company. However, the government grants the user a “land use right” (the Right) to use the land. The Company has the right to use the land for 50 years and amortizes the Right on a straight-line basis over the period of 50 years. As of June 30, 2012 and September 30, 2011, intangible assets consist of the following: 

	June 30, 2012			September 30, 2011
Land use rights	$	1,163,400		$	1,158,082
Less: accumulated amortization		(149,700	)		(129,607	)
	$	1,013,700		$	1,028,475

The amortization expense for the three months ended June 30, 2012 and 2011 was $6,525 and $6,279, respectively. The amortization expense for the nine months ended June 30, 2012 and 2011 was $19,576 and $18,762, respectively.