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EQUITY (Tables)

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

Schedule of Statutory Surplus Reserve Activity [Table Text Block]

As of June 30, 2014 and December 31, 2013, statutory surplus reserve activity was as follows:

	June 30,	December 31,
	2014 US$	2013 US$

Balance – beginning of year	76,260	75,489
Addition to statutory reserves	(2,257)	771
Balance –end of period	74,003	76,260

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 Terms (years)	Expected Volatility		Dividend Yield		Risk Free Interest Rate		Grant Date Fair Value 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, 2012	450,000	$	1.45		-
Granted	-
Forfeited	-
Exercised	-
Outstanding as of June 30, 2013	450,000	$	1.45		400,500

			Weighted Average		Aggregate
Stock options	Shares		Exercise Price		Intrinsic Value
Outstanding as of December 31, 2013		442,000		1.63		994,160
Granted		-
Forfeited		-
Exercised		(134,000)
Outstanding as of June 30, 2014		308,000	$	1.65		1,568,300

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 June 30, 2014:

Outstanding options				Exercisable options
Average Exercise price		Number	Average remaining contractual life(years)	Average Exercise price		Number	Average remaining contractual life(years)
$	1.45	214,000	2.5	$	1.45	71,600	2.5

$	2.30	94,000	4.3	$	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.

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