SUBSEQUENT EVENT

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENT

20. SUBSEQUENT EVENT

As reported on a Form 8-K, filed September 16, 2013, the Company, in connection with, and pursuant to, a Biomass Power Generation Asset Transfer Agreement entered into between the Company's wholly-owned subsidiary, Xi’an TCH, and Pucheng Xin Heng Yuan Biomass Power Generation Corporation, a limited liability company incorporated in China (the "Seller"), agreed to issue 8,766,547 shares of Common Stock of the Company to the Seller as consideration for a set of 12,000 KW biomass power generation systems. Those shares were subsequently issued by the Company to the Seller on October 29, 2013.

The issuance of shares to the Seller was made in reliance on an exemption from the registration requirements of the Securities Act for the private placement of our securities pursuant to Regulation S.