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5. BANK LOANS PAYABLE
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
5. BANK LOANS PAYABLE

NOTE 5. BANK LOANS PAYABLE

 

The Company has an unsecured loan with HSBC at interest rates ranging from 1.08% to 6% per month. The balance of this loan was $23,613 as of December 31, 2013 and $22,621 as of December 31, 2012, respectively. Accordingly, the Company recorded interest expense of $25,580 and $7,053 during the two years ended December 31, 2013 and 2012, respectively.