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TAXES PAYABLE
 6 Months Ended
Jun. 30, 2012
TAXES PAYABLE

NOTE 9 – TAXES PAYABLE

 

Taxes payable consists of the following:

 

    June 30,     December 31,  
    2012     2011  
Income tax payable   $ 1,957,493     $ 1,761,452  
Mineral resource compensation fee payable     365,942       410,719  
Value added tax payable     793,338       540,463  
Land use tax payable     882,821       1,081,117  
Other tax payables     232,487       264,799  
Total   $ 4,232,081     $ 4,058,550