Other Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Other Payable and Accrued Liabilities

8.  OTHER PAYABLE AND ACCRUED LIABILITIES

Other payable and accrued liabilities as of September 30, 2011 and December 31, 2010 consisted of the following.

	September 30,		December 31,
	2011		2010
Other payables	$	172,231	$	4,087
Staff welfare payable		68,590		96,417
Value added tax payable		2,023,793		50,230
Registration rights penalties		260,782		—
Accrued interest		145,686		—
Other tax payable		48,314		44,740
	$	2,719,396	$	195,474

Other payables represent loans from third parties, which are interest free, unsecured and repayable on demand.