ACCRUED EXPENSES AND OTHER PAYABLES

6 Months Ended

Jun. 30, 2012

ACCRUED EXPENSES AND OTHER PAYABLES [Text Block]

6.	ACCRUED EXPENSES AND OTHER PAYABLES
	Accrued expenses and other payables consist of the following:

		June 30,		December 31,
		2012		2011
Accrued rental expense and other related costs	$	1,592,518	$	1,254,600
Accrued interest expense		695,035		1,082,958
Payroll and welfare payable		16,777		20,239
Rental deposits from lessees and others		1,702,298		1,417,527
	$	4,006,628	$	3,775,324