LOANS PAYABLE (Tables)

9 Months Ended

Sep. 30, 2013

Future Minimum Payment to be made by Years

As of September 30, 2013, the future minimum payment to be made by years was as follows:

2014	$	1,688,353
2015		1,688,353
2016		1,262,468
Total		4,639,174
Unamortized interest		(508,236)
Total long term payable		4,130,938
Current portion		1,401,276
Noncurrent portion	$	2,729,662

Bank Loans [Member]

Future Minimum Payment to be made by Years

As of September 30, 2013, the future minimum repayment of all the bank loans to be made by years was as follows:

2014	$	12,361,744
2015		6,506, 181
Total	$	18,867,925