v2.4.0.6

Note 4 - Other Payables and Accrued Expenses

6 Months Ended

Jun. 30, 2012

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 June 30, 2012 and December 31, 2011:

		2012				2011
Accrued expenses		$	72,793			$	113,695
Accrued wages			582,255				975,071
Welfare payable			20,276				20,353
Other payables			1,581,361				1,644,498
Total		$	2,256,685			$	2,753,617

Accrued expenses were for electricity and freight. 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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