ACCRUED EXPENSES AND OTHER PAYABLES

9 Months Ended

Sep. 30, 2012

ACCRUED EXPENSES AND OTHER PAYABLES [Text Block]

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

		September 30,		December 31,
		2012		2011
Accrued rental expense and other related costs	$	1,949,271	$	1,254,600
Accrued interest expense		1,940,150		1,082,958
Payroll and welfare payable		16,650		20,239
Rental deposits from lessees and others		1,223,941		1,417,527
	$	5,130,012	$	3,775,324