NOTE 6 - INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consist of:

	December 31,			December 31,
	2012			2011
Technical know-how	$	237,944		$	236,053
Amorphous Transformer Technique		364,848			361,948
Total		602,792			598,001
Less: accumulated amortization		(359,002	)		(296,348	)
Intangible assets, net	$	243,790		$	301,653

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The estimated future amortization expenses related to intangible assets as of December 31, 2012 are as follows:

Years Ending December 31,
2013	$	60,278
2014		54,990
2015		37,666
2016		31,368
2017		23,794
Thereafter		35,694