OTHER RECEIVABLES & PREPAID EXPENSES - Note 8

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

OTHER RECEIVABLES & PREPAID EXPENSES - Note 8

NOTE 8 — OTHER RECEIVABLES & PREPAID EXPENSES

As of September 30, 2011 and December 31, 2010, the Company's other receivables and prepaid expenses consisted of the following:

	September 30, 2011		December 31, 2010
			(Audited)
Advance to employees	$	47,217	$	64,737
Deposit for equipment lease	208,361		49,730
Prepaid expenses		11,833		36,982
Prepaid interest expenses	93,723
Subsidy receivable	29,272
Other	54,105		79,875
Total other receivables	$	444,511	$	432,205

The deposit for equipment lease is recoverable within one year.