INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2012

INTANGIBLE ASSETS, NET [Text Block]

8. INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

		As of December 31,
		2012			2011
Patent	$	1,014,488		$	1,016,858
Land use rights		663,066			664,615
Software		113,750			114,015
Subtotal		1,791,304			1,795,488
Less: Accumulated amortization		(1,130,329	)		(1,013,273	)
	$	660,975		$	782,215

Amortization expenses for the years ended December 31, 2012 and 2011 were $119,361 and $116,572, respectively.

Expected amortization expenses for intangible assets in the next five years are as follows:

For the Years Ended December 31,		Amount
2013	$	51,837
2014		17,983
2015		17,983
2016		17,983
2017		17,983
Thereafter		537,206
Total	$	660,975