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EQUITY (Tables)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Schedule of Statutory Surplus Reserve Activity [Table Text Block]

For the years ended December 31, 2013, 2012 and 2011, statutory surplus reserve activity was as follows:

	December 31,
	2013	2012	2011
	US$	US$	US$

Balance – beginning of year	75,489	74,469	72,226
Addition to statutory reserves	771	1,020	2,243
Balance –end of year	76,260	75,489	74,469

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company valued the stock options using the Black-Scholes model with the following assumptions:

	Expected							Grant Date
	Terms	Expected		Dividend		Risk Free		Fair Value
	(years)	Volatility		Yield		Interest Rate		Per share
Employees	5	126	%	0	%	0.83	%	$	1.22
Directors and officers	5	126	%	0	%	0.83	%	$	1.22
Chen Ping	5	192	%	0	%	1.41	%	$	2.30

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following is a summary of the option activity:

		Weighted Average		Aggregate
Stock options	Shares	Exercise Price		Intrinsic Value
Outstanding as of December 31, 2010	-
Granted	450,000
Forfeited	-
Exercised	-
Outstanding as of December 31, 2011	450,000	$	1.45	$	-
Granted	-
Forfeited	-
Exercised	-
Outstanding as of December 31, 2012	450,000	$	1.45	$	400,500
Granted	94000
Forfeited	(94,000)
Exercised	(8,000)
Outstanding as of December 31, 2013	442,000	$	1.63	$	994,160

Schedule of Share-based Compensation Shares Authorized Under Stock Option Plans by Exercise Price Range [Table Text Block]

Following is a summary of the status of options outstanding and exercisable at December 31, 2013:

Outstanding options				Exercisable options
			Average				Average
Average			remaining	Average			remaining
Exercise			contractual	Exercise			contractual
price		Number	life(years)	price		Number	life(years)
$	1.45	348,000	3.0	$	1.45	135,000	3.0

$	2.30	94,000	4.8	$	2.30	-	-

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details