Long term investment (Tables)

12 Months Ended

Dec. 31, 2013

Schedule Of Investments [Abstract]

Schedule of investments holdings

	2013	2012
Equity method investment – Anteya Technology Corp
Carrying value of investment at the beginning	$425,345	$799,131
Interest in Anteya’s net income	(173,570)	(41,398)
Impairment for the year	-	(378,173)
Exchange difference	(27,785)	45,785
Carrying value at the end	223,990	425,345
Equity method investment – Fin-Core Corporation
Carrying value of investment at the beginning	-	196,087
Interest in Fin-Core’s net loss	-	-
Impairment for the year	-	(204,563)
Exchange difference	-	8,476
Carrying value at the end	-	-
Cost-method investments – Phocos AG
At cost	53,681	142,038
Impairment for the year	-	(88,357)
Disposed during the year	(53,681)	-
Carrying value at the end	-	53,681
	$223,990	$479,026

Schedule of unaudited financial information of Anteya Technology Corp.

Balance sheet	2013	2012
Current assets	$3,655,318	$4,634,083
Non-current assets	799,974	730,201
Total assets	4,455,292	5,364,284
Current liabilities	2,891,306	2,475,513
Non-current liabilities	358,049	762,048
Stockholders’ equity	1,205,937	2,126,723
Total stockholders’ equity and liabilities	$4,455,292	$5,364,284

Statement of operation	2013	2012
Net sale	$2,916,794	$4,820,371
Cost of goods sold	(2,519,478)	(3,795,011)
Gross profit	397,316	1,025,360
Operating and non-operating expenses	(1,203,821)	(1,225,526)
Net profit (loss)	$(806,505)	$(200,166)