XML 17 R17.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Note 12 - COMMITMENT
6 Months Ended
Jun. 30, 2011
Commitments Disclosure [Text Block]
Note 12 - COMMITMENT

Research and Development (“R&D”) Agreement

As of June 30, 2011, the Company entered into three agreements with certain research institutes to conduct clinical trials for three new drugs and one existing drug.  Pursuant to these agreements as of June 30, 2011, the Company paid $1,294,677 as a deposit for clinical trial expenses and is obligated to pay the research institutes an additional $1,332,000 upon completion of the clinical trials.

Capital commitments

As of June 30, 2011, the Company had capital expenditure commitments on construction contracts, purchase of proprietary technologies and acquisition of business of approximately $25,800,000.