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TAXES PAYABLE
 3 Months Ended
Mar. 31, 2012
TAXES PAYABLE

NOTE 9 – TAXES PAYABLE

 

Taxes payable consists of the following:

 

    March 31,     December 31,  
    2012     2011  
Income tax payable   $ 1,329,397     $ 1,761,452  
Mineral resource compensation fee payable     284,760       410,719  
Value added tax payable     875,767       540,463  
Land use tax payable     887,065       1,081,117  
Other tax payables     160,578       264,799  
Total   $ 3,537,567     $ 4,058,550