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Intangible Assets
6 Months Ended12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Intangible Assets Disclosure [Text Block]
Note 6 - Intangible Assets

Intangible assets consisted of land use right. All land in the PRC is government-owned and cannot be sold to any individual or company. However, the government grants the user a “land use right” to use the land. The Company has the right to use the land for 50 years and is amortizing such rights on a straight-line basis for 50 years.

Intangible assets consisted of the following at June 30, 2011, and December 31, 2010, respectively:

   
2011
   
2010
 
Land use right
 
$
557,110
   
$
544,399
 
Less: Accumulated amortization
   
(79,853
)
   
(72,587
)
                 
Net
 
$
477,257
   
$
471,812
 

Amortization of intangible assets was $5,512 and $5,282 for the six months ended June 30, 2011 and 2010, respectively, and $2,774 and $2,641 for the three months ended June 30, 2011 and 2010, respectively. Annual amortization expense for the next five years from June 30, 2011, is expected to be approximately $11,000, $11,000, $11,000, $11,000 and $11,000, respectively.

Note 5 - Intangible Assets

Intangible assets consisted of land use right. All land in the PRC is government-owned and cannot be sold to any individual or company. However, the government grants the user a “land use right” to use the land. The Company has the right to use the land for 50 years and is amortizing such rights on a straight-line basis for 50 years.

Intangible assets consisted of the following at December 31, 2010 and 2009, respectively:

   
2010
   
2009
 
Land use right
  $ 544,399     $ 528,015  
Less: Accumulated amortization
    (72,587 )     (59,842 )
                 
Net
  $ 471,812     $ 468,173  

Amortization of intangible assets for the years ended December 31, 2010 and 2009 was $10,652 and $10,556, respectively. Annual amortization expense for the next five years from December 31, 2011, is expected to be $11,000, $11,000, $11,000, $11,000 and $11,000, respectively.