PREPAYMENTS AND OTHER RECEIVABLES

9 Months Ended

Sep. 30, 2012

PREPAYMENTS AND OTHER RECEIVABLES [Text Block]

4. PREPAYMENTS AND OTHER RECEIVABLES

Prepayments and other receivables consist of the following:

		September 30, 2012	December 31, 2011
Advance to suppliers	$	11,396,281 $	7,753,707
Tenant improvements of Mintai Building		2,970,900	2,989,928
Due from third party companies		1,995,694	686,720
Prepaid office rental, petty cash and others		771,824	479,502
Rental deposits to lessors		424,213	426,930
Prepaid taxes and input VAT		67,382	27,978
	$	17,626,294 $	12,364,765

For the period ended September 30, 2012, due from third party companies were non-interest bearing loans to third parties for their working capital purposes.

Advance to suppliers were mainly for prepayments to suppliers of the Group’s trading business segment to guarantee a supply of goods.