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Note 13 - Commitment
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12 Months Ended | |||||
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Dec. 31, 2011
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| Commitments Disclosure [Text Block] |
Note
13 – Commitments
Winder
has a registered capital of $57.2 million. At December
31, 2011, the Company has contributed $36.7 million to
Winder’s registered capital and is committed to
contribute an additional $20.5 million by April
2013.
On
September 1, 2010, the Company entered into a 2-year
lease, expiring August 30, 2012, for a show room in
Panyu, Guangdong Province with monthly rent, inclusive
of property management fees, of $5,500 (RMB 37,000).
The Company has the option to renew this lease upon
expiration. At December 31, 2011, the Company’s
future minimum rental payments required under this
operating lease for 2012 were as follows:
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