CONSTRUCTION IN PROGRESS DEPOSIT - RELATED PARTIES - Note 11

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

CONSTRUCTION IN PROGRESS DEPOSIT - RELATED PARTIES - Note 11

NOTE 11 — CONSTRUCTION IN PROGRESS DEPOSIT - RELATED PARTIES

	September 30, 2011		December 31, 2010
			(Audited)
Manufacturing plant	$	10,111,867	$	9,790,700

The Company signed an agreement with Leimone (Tianjin) Industrial Co., Ltd. ("Tianjin Leimone") to construct a manufacturing plant on June 26, 2010 for RMB 99,591,000 ($15,063,000). The contract includes land use rights for 46,021 square meters and construction space of 21,029 square meters. As of September 30, 2011 and December 31, 2010, the amount paid to Tianjin Leimone was RMB 64,734,150 ($10,111,867) and RMB 64,734,150 ($9,790,700) respectively and is recorded as construction in progress deposit, as ownership of the premise will not be transferred to the Company until construction is completed. The Company anticipates construction to be completed by the fourth quarter of 2011.