v2.4.0.6

Note 4 - Other Payables and Accrued Expenses | 12 Months Ended
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Dec. 31, 2011
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | Note 4 – Other Payables and Accrued Expenses Other payables and accrued expenses consisted of the following at December 31, 2011and 2010:
|  | 2011 |  |  | 2010 |
Accrued expenses |  | $ | 113,695 |  |  | $ | 1,010,591 |
Accrued wages |  |  | 975,071 |  |  |  | 996,542 |
Welfare payable |  |  | 20,353 |  |  |  | 21,303 |
Other payables |  |  | 1,644,498 |  |  |  | 973,280 |
Total |  | $ | 2,753,617 |  |  | $ | 3,001,716 |
Accrued expenses were for electricity and freight fees. Other payables were for government charges, payable to the local construction management department, and payable for employees’ education fund and labor union fund, etc.

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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