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DUE FROM RELATED PARTIES - NON CURRENT
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Note 7 - DUE FROM RELATED PARTIES - NON CURRENT

The balance of $5,988,585 due from related parties represents the loan owed from related parties, which are unsecured and repayable on demand.

 

Due from related parties consists of the following:

 

   

June 30,

2014

   

December 31,

2013

  Interest
Du Kang Liquor Development Co., Ltd   $ 812,638       820,089   interest free for the first year and bear interest in the benchmark lending rate over the same period afterwards
Shaanxi Du Kang Liquor Group Co., Ltd   $ 1,267,564       1,337,388   bearing interest in the benchmark lending rate over the same period
Zhongke Aerospace & Agriculture Development Stock Co., Ltd   $ 459,141       463,350   interest free
Shaanxi Huanghe Bay Springs Lake Theme Park Ltd   $ 3,047,393       2,460,267   interest free
Shaanxi Changfa Industrial Co., LTD   $ 373,814       377,241   interest free
Shaanxi East Mining Co., Ltd   $ 22,754       22,962   interest free
Shaanxi Changjiang Zhongxiayou Investment Co., Ltd   $ 5,281       5,331   interest free
Total     5,988,585       5,486,628