INTANGIBLE ASSET

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Note 5 - INTANGIBLE ASSET

The following is a summary of intangible asset:

	September 30, 2011				December 31, 2010
Cost of Land use right		$	20,140,742			$	19,326,318
Accumulated Amortization of Land use right			(3,044,467	)			(2,631,464	)
Intangible Asset, net		$	17,096,275			$	16,694,854

The difference for the balance of cost was mainly due to the fluctuation of exchange rate of USD to RMB.

Amortization expenses were approximately $295,481 and $306,823 for the nine months ended September 30, 2011, and 2010, respectively.