Intangible Assets, Net

3 Months Ended

Mar. 31, 2013

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSET, NET

The intangible asset as of March 31, 2013 and December 31, 2012 consisted of the following.

	March 31,			December 31,
	2013			2012
	(Unaudited)
Deposit for land use right	$	1,222,204		$	1,215,480
New production technology		478,170			475,540
Other		1,337			1,330
		1,701,710			1,692,350
Less: Accumulated amortization		(497,388	)		(454,325	)
Intangible assets, net	$	1,204,323		$	1,238,025

On November 21, 2003, the Company applied to the Government of Huaqiao Town, Huadu District, Guangzhou, for the land use right of No. 2 Industry Area of Huaqiao Town (i.e., Laohutou Lot, Wangongtang) covering an area of around 430,000 square feet.

On October 22, 2010, the Company applied to the Administration Committee of Qingyuan Huaqiao Industrial District for the land use right covering an area of around 60 mu.

The Company has been amortizing the land use right at Huadu facility. The amortization of the land use right for the Qingyuan facility is expected to begin when construction of the new manufacturing facility commences.

We recorded amortization expenses of $43,063 and $270 for the three months ended March 31, 2013 and 2012, respectively.