ACCRUED EXPENSES AND OTHER PAYABLES - Note 15

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements

ACCRUED EXPENSES AND OTHER PAYABLES - Note 15

NOTE 15 — ACCRUED EXPENSES AND OTHER PAYABLES

As of June 30, 2011 and December 31, 2010, the accrued expenses and other payables of the Company were summarized as follows:

	June 30, 2011			December 31, 2010
				(Audited)
Accrued filing fees	$		302,690	$	347,558
Accrued rework cost	273,425			229,472
Accrued consulting fee	51,036			51,038
Acquisition payable*	305,000			152,500
Welfare & salary payable	406,403			271,787
Other	81,844			118,597
Total accrued expenses and other payables	$	1,420,398		$	1,170,952

*Current portion of acquisition payable related to our acquisition of Nollec Wireless on June 1, 2010 (see Note 1).