Acquisition (Tables)

3 Months Ended

Mar. 31, 2013

Business Combinations [Abstract]

Schedule of Purchase Price Allocation [Table Text Block]

The purchase price was allocated as follows:

Purchase Consideration:
Acquisition obligation payable to sellers	$	2,150,000
Direct costs relating to acquiree		20,000
Less: cash acquired		(157,259	)
Net purchase consideration	$	2,012,741
Assets Acquired
Net tangible assets acquired:
Fixed assets	$	355,481
Inventories		654,757
Trade receivables, deposits, prepayment and other receivables		717,369
Restricted cash		132,706
Trade payables, other creditors and accruals		(13,328,971	)
Non-controlled interest		2,140,276
Net tangible assets acquired	$	(9,328,382	)
Purchase consideration in excess of net tangible assets	$	11,341,123
Allocated to:
Trademark	$	53,955
License contracts		11,287,168
	$	11,341,123