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CAPITAL COMMITMENT AND OPERATING LEASE COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Contractual Obligations

The following table sets forth the Company’s contractual obligations as of June 30, 2012:

		Capital Lease Obligations				Operating Lease Obligations				Purchase Obligations
Payable within:
the next 12 months		$	296,772			$	391,919			$	13,097,126
the next 13 to 24 months			296,772				774,856				-
the next 25 to 36 months			296,772				785,560				-
the next 37 to 48 months			296,772				797,566				-
the next 49 to 60 months			296,772				809,241				-
thereafter			3,858,042				18,736,421				-
Total		$	5,341,904			$	22,295,563			$	13,097,126
Less: Amount representing interest			(2,316,826	)
Present value of net minimum lease payments		$	3,025,078

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- Definition

Schedule of Future Minimum Rental Payments for Operating Leases, Capital Leases and Other Contractual Obligations [Table Text Block]

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