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4. NOTES PAYABLE - RELATED PARTIES
 12 Months Ended
Dec. 31, 2011
Related Party Transactions Disclosure [Text Block]
4.
NOTES PAYABLE – RELATED PARTIES

   
As of
December 31,2011
   
As of
December 31, 2010
 
Note payable due to a shareholder of the company, bearing  interest at 8.5%, renewable annually upon prepayment of one year’s interest, due on demand and unsecured.
    501,000       501,000  
Note payable due to a director of the company and shareholder, bearing no interest, due on demand and unsecured.
    21,000       21,000  
Note payable due to a director of the company and shareholder, bearing no interest, due on demand and unsecured.
    16,000       16,000  
    $ 538,000     $ 538,000