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GOVERNMENT GRANTS
12 Months Ended
Dec. 31, 2012
GOVERNMENT GRANTS [Text Block]

Note 5 - GOVERNMENT GRANTS

Receipts of government grants to encourage research and development activities which are non-refundable are credited to deferred income upon receipt. The Company recognizes government grants income when the government completes inspection on the regulated use of the grants by issuing the certificate. There was no government grants income recognized for the years ended December 31, 2012 or 2011. As of December 31 2012 and 2011, government grants of $119,256 and $117,850 were recorded as deferred income, respectively.