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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2012
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 8 - RELATED PARTY TRANSACTIONS

 

Other than the related party transaction as disclosed in Note 2 of the financial statements, during the three-month and nine-month periods ended September 30, 2012, the Company borrowed $123,160 and $358,160, respectively, and fully repaid later during the same period, from Jiaxing Lighting Appliance Company Limited (Jiaxing Lighting"), in which Mr. Ming Yang, a shareholder and the Chairman of the Company, had a 100% equity interest in Jiaxing Lighting. The amounts due to Jiaxing Lighting were unsecured, interest free and repayable on demand.