Long-Term Loans (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Details of the Company’s long-term borrowings

	June 30,			December 31,
	2012			2011
Bank loans bearing interest at 5.85% and 7.36% per annum, maturing on January 30, 2013 and April 30, 2015.
The loans are uncollateralized other than restricted cash deposited at the bank.	$	2,381,450		$	1,413,821
Less: Current portion		(1,270,107	)		(785,456	)
	$	1,111,343		$	628,365

Principle payments

Payment Schedule
2012		2013		2014		2015		2016
$	529,211	$	617,413	$	617,413	$	617,413	$	-