DEPOSIT	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Note 8. DEPOSIT	During the quarter ended March 31, 2012, the company paid approximately 5% in deposit for solar panels. The total purchase price is $1,740,000, whereby, the company has to remit the remaining 95% payment prior to completion and shipment of the solar panels. As of March 31, 2012, the company paid $88,226 and recorded as a long-term asset in the balance sheet. The solar panels will be used toward a project to build an 800KW solar power plant in Leicester, North Carolina.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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