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DUE TO RELATED PARTIES
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Note 13- DUE TO RELATED PARTIES
Due to related parties consists of the following:              
      June 30,     December 31,  
      2011     2010  
Name of Related Party Description   (unaudited)        
               
Shaanxi Dukang Group Co., Ltd. Affiliate   $ 1,931,299     $ 3,354,548  
Shaanxi Baishui Dukang Marketing Management  Co., Ltd. Affiliate     13,610       13,306  
Shaanxi Baishui Dukang Commercial and Trade Co., Ltd. Affiliate     76,375       74,668  
Shaanxi Baishui Dukang Spirits Industry  Development Co., Ltd. Affiliate     1,332,941       865,303  
Shaanxi Baishui Shiye Co., Ltd. Affiliate     393,318       399,649  
Shaanxi Lantian Fuping Investment Co., Ltd. Affiliate     309,406       302,489  
Shaanxi Changjiang Petrol Co., Ltd. Affiliate     258,354       252,579  
Mr. Hongjun Zhang Shareholder     2,473,399       2,095,957  
Mr. Guoqi Diao Prior director of Xidenghui     13,549       406,482  
Ms. Ping Li Secretary of the Board     616,537       602,755  
Mr. Pingjun Nie Shareholder     4,629,523       4,526,035  
Ms. Hong Ge Prior director of Xidenghui     279,927       273,670  
Mr.Hailong Tian Prior director of Xidenghui     2,927,328       2,861,891  
Ms. Ming Chen Shareholder     359,825       182,387  
Mr. Shengli Wang Prior director of Xidenghui     824,994       806,553  
       Total     $ 16,440,385     $ 17,018,272  

 

Imputed interest expense charged to operations was $523,335 and $474,152 for the six months ended June 30, 2011 and 2010, respectively.