XML 87 R10.htm IDEA: XBRL DOCUMENT

RESTRICTED CASH, NOTES PAYABLE BANK ACCEPTANCES	12 Months Ended
Dec. 31, 2012
Restricted Cash Notes Payable Bank Acceptances [Abstract]
RESTRICTED CASH, NOTES PAYABLE -BANK ACCEPTANCES	4. RESTRICTED CASH, NOTES PAYABLE – BANK ACCEPTANCES Restricted cash as of December 31, 2012 and 2011 was $2,725,002 (of which, $954,578 was deposited as a principal-guaranteed financial investment product with a term of six months) and $317,415, respectively, held by the bank as collateral to issue bank acceptances The Company endorses bank acceptances to Shenqiu and Xi'an Huaxin Energy Engineer Co., Ltd. (“Huaxin Energy”) as payment of its own obligations. Most of the bank acceptances have maturities of less than six months.

RESTRICTED CASH, NOTES PAYABLE BANK ACCEPTANCES

12 Months Ended

Dec. 31, 2012

Restricted Cash Notes Payable Bank Acceptances [Abstract]

RESTRICTED CASH, NOTES PAYABLE -BANK ACCEPTANCES

4. RESTRICTED CASH, NOTES PAYABLE – BANK ACCEPTANCES

Restricted cash as of December 31, 2012 and 2011 was $2,725,002 (of which, $954,578 was deposited as a principal-guaranteed financial investment product with a term of six months) and $317,415, respectively, held by the bank as collateral to issue bank acceptances The Company endorses bank acceptances to Shenqiu and Xi'an Huaxin Energy Engineer Co., Ltd. (“Huaxin Energy”) as payment of its own obligations. Most of the bank acceptances have maturities of less than six months.