ACCRUED EXPENSES, TAXES AND OTHER CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2012

Payables and Accruals

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 6. ACCRUED EXPENSES, TAXES AND OTHER CURRENT LIABILITIES

Accrued expenses, taxes and other current liabilities are listed as below:

	As of
	March 31, 2012		December 31, 2011
Accrued interest	$	827,988	$	819,418
Salaries and benefits	198,547			275,194
Other taxes	317,198			715,277
Professional fees		69,041		102,779
Other payables	952,471			765,280
Total	$	2,365,245	$	2,677,948