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7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE | 12 Months Ended
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Dec. 31, 2012
Payables and Accruals [Abstract] |
7. 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, |
|  | 2012 |  |  | 2011 |
Accounts payable |  | $ | 3,797,552 |  |  | $ | 3,645,804 |
Salary payable |  |  | 190,926 |  |  |  | 132,454 |
Social security insurance contribution payable |  |  | 52,399 |  |  |  | 39,129 |
Amount due to a contractor |  |  | - |  |  |  | 1,422,042 |
Price adjustment funds |  |  | 1,758,828 |  |  |  | 1,031,685 |
Other payables |  |  | 733,531 |  |  |  | 1,102,529 |
Total |  | $ | 6,533,236 |  |  | $ | 7,373,643 |

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References No definition available. + Details
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