EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Statutory Surplus Reserve Activity [Table Text Block]

For the years ended December 31, 2014, 2013 and 2012, statutory surplus reserve activity was as follows:

	December 31,
	2014		2013		2012
	US$		US$		US$

Balance – beginning of year		76,260		75,489		74,469
Addition to statutory reserves		(33,999)		771		1,020
Balance –end of year		42,261		76,260		75,489

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:

					Grant Date
Expected	Expected	Dividend		Risk Free	Fair Value
Terms (years)	Volatility	Yield		Interest Rate	Per share
5	126% - 192%		0%	0.83% - 1.65%	$1.22 - $5.15

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	$	400,500
Granted		94,000
Forfeited		(94,000)
Exercised		(8,000)
Outstanding as of December 31, 2013		442,000	$	1.63	$	994,160
Granted		131,000
Forfeited		(31,000)
Exercised		(134,000)
Outstanding as of December 31, 2014		408,000	$	2.89	$	(63,320)

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, 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		183,000		2	$	1.45		61,000		2

$	2.3		94,000		3.77	$	2.3		18,800		3.77

$	5.31		131,000		4.64	$	5.31		-		4.64

For the years ended December 31, 2014, 2013 and 2012, the Company recognized $160,613, $94,271 and $110,163, respectively, as compensation expense under its stock option plan.

- 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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