Intangible Assets

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 15. Intangible Assets

The intangible assets are summarized in the following table which provides the gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill:

	Remaining useful life	March 31, 2013		December 31, 2012
Gross carrying amount:
Trademark	24 months	$	53,955	$	53,955
License contracts	24 months		11,287,168		11,287,168
			11,341,123		11,341,123
Less : Accumulated amortization
Trademark		$	0	$	0
License contracts			0		0
			0		0
Intangible assets, net		$	11,341,123	$	11,341,123

The aggregate amortization expense for those intangible assets that continue to be amortized is reflected in amortization of intangible assets in the Condensed Consolidated Statements of Income (Unaudited) and was $0 and $0 for the three months ended March 31, 2013 and March 31, 2012 respectively.

Amortization expense for trademark in the coming 24 months period, commence on July 2013 and thereafter is as follows:

2013	$	13,488
2014		26,978
2015		13,489
Total	$	53,955

Amortization expenses for license contracts will be provided according to the production and shipment schedules; commence on July 2013, fully provided on June 2015.