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Note 5 - Notes Payable
6 Months Ended
Jun. 30, 2012
Short-term Debt [Text Block]
Note 5 – Notes Payable

Notes payable at June 30, 2012 and December 31, 2011 was $0 and $692,821, respectively, were for multiple bankers’ acceptances from the Bank of China. The terms of the notes range from 3-6 months, bear no interest and pay the bank 0.05% of the note balance as an acceptance fee. The Company deposits a certain percentage of the notes’ par value with the Bank of China, refundable when the notes are re-paid and accounted for as restricted cash in the accompanied consolidated financial statements.