ACCRUED LIABILITIES AND OTHER PAYABLES

9 Months Ended

Sep. 30, 2011

ACCRUED LIABILITIES AND OTHER PAYABLES

8. ACCRUED LIABILITIES AND OTHER PAYABLES

“Accrued liabilities and other payables” consisted of the following as of September 30, 2011 and December 31, 2010:

	2011		2010
Employee training, labor union expenditure and social insurance payable	$	255,344	$	245,019
Consulting, auditing, and legal expenses		224,070		541,638
Payable to Yingfeng		1,688,501		1,730,451
Accrued payroll and welfare		302,049		259,120
Accrued system maintenance expense		75,461		72,409
Other		85,818		25,421
Total	$	2,631,243	$	2,874,058

“Payable to Yingfeng” is the cost of obtaining the ownership of two TRT projects (Zhangzhi and Xingtai) that were previously owned by Yingfeng. This amount is non-interest bearing and is payable on demand.