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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
5.PROPERTY AND EQUIPMENT, NET

 

Property and equipment consist of the following:

 

  December 31,  December 31, 
  2011  2010 
  US$  US$ 
Buildings  1,349,624   1,288,972 
Land use rights  308,297   294,442 
Plant and machinery  2,973,593   2,782,706 
Automobiles  43,869   41,897 
Office and computer equipment  503,833   388,416 
   5,179,216   4,796,433 
         
Less: Accumulated depreciation and amortization  (1,830,683)  (1,307,486)
Property and equipment, net  3,348,533   3,488,947 

 

At December 31, 2011 and 2010, BTL’s building was pledged to a bank as collateral for short-term borrowings of RMB10,000,000(US$1,585,890), RMB10,000,000(US$1,514,620), respectively (see Note 7).

 

Depreciation and amortization expense was $450,518 and $365,336, for the years ended December 31, 2011 and 2010, respectively.

 

Land Use Rights

 

There is no private ownership of land in China. Land is owned by the government and the government grants land use rights for specified terms. The Company’s land use rights are reported at the purchase price (RMB1,944,000 in 2002).