Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Intangible Assets Tables

Carrying values of intangible assets

As of September 30, 2012 and December 31, 2011, the Company's intangible assets were summarized as follows:

	Estimated	September 30,		December 31,
	Useful life	2012		2011
		(Unaudited)
Software	3 years	$	202,343	$	201,275
Domain name, logo & trade mark	Indefinite		349,600		349,600
Customer list	5 years		-		86,250
Technology use right	1 year		387,387		125,432
Patent techniques	10 years		182,671		181,360
Total cost			1,122,001		943,917
less: Accumulated amortization			(222,547)		(171,390)
Intangible assets, net		$	899,454	$	772,527

The estimated amortization for the next five years as of September 30, 2012 and thereafter is expected to be as follows by years:

2012	$	44,481
2013		178,424
2014		140,324
2015		90,194
2016		28,003
2017		19,580
Thereafter		48,848
Total	$	549,854