v2.4.1.9

PREPAID EXPENSES

3 Months Ended

Mar. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses Disclosure [Text Block]

NOTE 5. PREPAID EXPENSES

Prepaid expenses consisted of the following:

		March 31,			December 31,
		2015			2014
Deductible value-added taxes (VAT)		$	533,903		$	637,612
Prepaid rent			198,138			290,190
Prepaid other expenses			23,398			11,627
Total		$	755,439		$	939,429

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- Definition

The entire disclosure for prepaid expenses.

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