LAND USE RIGHTS, NET

3 Months Ended

Mar. 31, 2017

Land Use Rights Net

2. LAND USE RIGHTS, NET

The following is a summary of land use rights, net:

	March 31, 2017			December 31, 2016
Cost of Land Use Rights	$	18,575,198		$	18,432,882
Accumulated Amortization of Land Use Rights		(4,851,091	)		(4,721,760	)
Land Use Rights, Net	$	13,724,107		$	13,711,122

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

Amortization expenses were $92,907 and $97,861 for the three months ended March 31, 2017 and 2016, respectively.