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PROPERTY AND EQUIPMENT, NET | 6 Months Ended
--- | ---
Jun. 30, 2014
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, |
|  | 2014 |  | 2013 |
|  | US$ |  | US$ |
Buildings |  |  | 1,382,056 |  |  | 1,405,723 |
Land use rights |  |  | 315,706 |  |  | 321,112 |
Plant and machinery |  |  | 5,351,862 |  |  | 3,282,641 |
Automobiles |  |  | 44,229 |  |  | 44,987 |
Office and computer equipment |  |  | 191,257 |  |  | 438,843 |
|  |  | 7,285,110 |  |  | 5,493,306 |
Less: Accumulated depreciation and amortization |  |  | (2,518,742) |  |  | (2,329,241) |
Property and equipment, net |  |  | 4,766,368 |  |  | 3,164,065 |
At June 30, 2014 and December 31, 2013, BTL’s building was pledged to a bank as collateral for short-term borrowings of RMB15,000,000 (US$2,436,000) and RMB15,000,000 (US$ 2,477,715), respectively (see Note 6). Depreciation expense was $229,322 and $229,392, for the six months ended June 30, 2014 and 2013, 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 of RMB1,944,000 in 2002.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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