ACCRUED EXPENSES AND OTHER PAYABLES - Note 15

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

ACCRUED EXPENSES AND OTHER PAYABLES - Note 15

NOTE 15 — ACCRUED EXPENSES AND OTHER PAYABLES

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

	September 30, 2011			December 31, 2010
				(Audited)
Accrued filing fees	$		403,904	$	347,558
Accrued rework cost	298,828			229,472
Accrued consulting fee	-			51,038
Acquisition payable*	305,000			152,500
Welfare & salary payable	95,080			271,787
Other	196,316			118,597
Total accrued expenses and other payables	$	1,299,128		$	1,170,952

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