PRC STATUTORY RESERVES

3 Months Ended

Mar. 31, 2012

Receivables, Loans, Notes Receivable, and Others

Restricted Assets Disclosure [Text Block]

NOTE 9. PRC STATUTORY RESERVES

In accordance with the PRC Companies Law, the Company was required to transfer 10% of its profit after tax, as determined in accordance with accounting standards and regulations of the PRC, to the statutory surplus reserve. The statutory surplus reserve is non-distributable. As of March 31, 2012 and December 31, 2011, the Company did not accumulate any statutory reserve due to the accumulated deficit.