Other Receivables and Prepaid Expenses (Tables)

9 Months Ended

Sep. 30, 2012

Other Receivables And Prepaid Expenses Tables

Other receivables and prepaid expenses

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

	September 30,		December 31,
	2012		2011
	(Unaudited)
Advance to employees	$	74,329	$	23,882
Deposit		-		211,583
Prepaid expenses		364,288		238,857
Bank notes (a)		6,441,170		9,226,641
Tax Reimbursement		69,993		-
Other		796,691		83,044
Total other receivables and prepaid expenses	$	7,746,471	$	9,784,007

(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 September 30, 2012, the total outstanding amount is $6.4 million (RMB 40.7 million).