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Note 6. Non-marketable Securities
12 Months Ended
Dec. 31, 2013
Notes  
Note 6. Non-marketable Securities

NOTE 6.  NON-MARKETABLE SECURITIES

 

On March 12, 2009, the Company entered into an agreement to invest RMB300,000 (equivalent to $43,900 at date of signing), for a 6% interest, with two non-affiliates  to establish a new company engaged in the green energy industry.  The Company accounted for this investment using the cost method of accounting.

 

In September 2010, the Company entered into an agreement to invest RMB50,000 (equivalent to $7,472 at date of signing), with four non-affiliates to establish a new research institute engaged in the green energy industry based in Chengdu.  The Company accounted for this investment using the cost method of accounting.