v2.4.0.8

PREPAID EXPENSES (Tables) | 9 Months Ended
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Sep. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | Prepaid expenses consisted of the following:
|  | September 30, |  | December 31, |
|  | 2014 |  | 2013 |
Deductible value-added taxes (VAT) |  | $ | 982,060 |  | $ | 356,876 |
Prepaid rent |  |  | 304,349 |  |  | 368,827 |
Prepaid other expenses |  |  | 11,345 |  |  | 435,599 |
Total |  | $ | 1,297,754 |  | $ | 1,161,302 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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