INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2013

INTANGIBLE ASSETS, NET [Text Block]

9. INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

		As of December 31,
		2013			2012
Patent	$	1,047,086		$	1,014,488
Land use rights		684,372			663,066
Software		117,405			113,750
Subtotal		1,848,863			1,791,304
Less: Accumulated amortization		(1,220,670	)		(1,130,329	)
	$	628,193		$	660,975

Amortization expenses for the years ended December 31, 2013 and 2012 were $90,341 and $119,361, respectively.

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

For the Years Ended December 31,		Amount
2013	$	17,983
2014		17,983
2015		17,983
2016		17,983
2017		17,983
Thereafter		538,278
Total	$	628,193