TAXES PAYABLE

6 Months Ended

Jun. 30, 2011

TAXES PAYABLE

7. TAXES PAYABLE

“Taxes payable” consisted of the following at June 30, 2011 and December 31, 2010: 

	2011		2010
Income tax	$	967,808	$	1,237,823
Business tax		425,623		347,654
Other taxes		51,216		46,423
	$	1,444,647	$	1,631,900