Other Receivables and Prepaid Expenses (Tables)

6 Months Ended

Jun. 30, 2012

Other Receivables And Prepaid Expenses Tables

Other receivables and prepaid expenses

As of June 30, 2012 and December 31, 2011, the Company's other receivables and prepaid expenses consisted of the following:

	June 30, 2012		December 31, 2011
	(Unaudited)		(Audited)
Advance to employees	$	112,915	$	23,882
Deposit for equipment lease		212,689		211,583
Prepaid expenses		224,401		238,857
Bank notes (a)		8,949,931		9,226,641
Other		123,108		83,044
Total other receivables	$	9,623,044	$	9,784,007

The deposit for equipment lease is recoverable within one year.

(a) Per purchase contract signed in 2010, CECCC provided mobile phone components to the Company. The Company paid in advance to CECCC by payment of ' bank notes'. During 2011, no purchase transaction was completed. As of June 30, 2012, the total outstanding amount is $8.9 million (RMB 56.6 million) which represents bank notes paid by the bank to CECCC but no purchases made by the Company.