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ACCOUNTS PAYABLE AND ACCRUED EXPENSE | 12 Months Ended
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Dec. 31, 2011
ACCOUNTS PAYABLE AND ACCRUED EXPENSE | NOTE 7 – ACCOUNTS PAYABLE AND ACCRUED EXPENSE Accounts payable and accrued expenses consist of the following:
|  | As of December 31, |
|  | 2011 |  |  | 2010 |
Accounts payable |  | $ | 3,645,804 |  |  | $ | 5,661,329 |
Salary payable |  |  | 132,454 |  |  |  | 121,121 |
Social security insurance contribution payable |  |  | 39,129 |  |  |  | 30,946 |
Amount due to a contractor |  |  | 1,422,042 |  |  |  | - |
Price adjustment funds |  |  | 1,031,685 |  |  |  | - |
Other payables |  |  | 1,102,529 |  |  |  | 606,339 |
Total |  | $ | 7,373,643 |  |  | $ | 6,419,735

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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