PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

4.	PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:

	June 30,		December 31,
	2013		2012
	US$		US$
Buildings		1,386,660		1,365,717
Land use rights		316,757		311,973
Plant and machinery		4,150,082		2,980,087
Automobiles		44,376		43,706
Office and computer equipment		532,854		524,154
		6,430,729		5,225,637

Less: Accumulated depreciation and amortization		(2,597,230)		(2,330,114)
Property and equipment, net		3,833,499		2,895,523

At June 30, 2013 and December 31, 2012, BTL’s building was pledged to a bank as collateral for short-term borrowings of RMB15,000,000 (US$2,444,115) and RMB10,000,000(US$2,407,200), respectively (see Note 6).

Depreciation and amortization expense was $229,392 and $246,448, for the six months ended June 30, 2013 and 2012, 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).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details