LONG TERM INVESTMENT

6 Months Ended

Jun. 30, 2014

Notes to Financial Statements

Note 6 - LONG TERM INVESTMENT

The balance of $132,236 represents the net value of long term investment to Shaanxi Changjiang electricity & new energy Co., Ltd. The Company is holding 20% equity of this associated company from 2008, with an investment cost of $325,055(RMB 2,000,000). Impairment of $192,819 was provided for the year ended December 31, 2013.