Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

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