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Note 4 - Other Payables and Accrued Expenses

12 Months Ended

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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