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7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE

3 Months Ended

Mar. 31, 2013

Payables and Accruals [Abstract]

7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE

Accounts payable and accrued expenses consist of the following:

		March 31,				December 31,
		2013				2012
Accounts payable		$	4,630,712			$	3,797,552
Salary payable			202,426				190,926
Social security insurance contribution payable			55,279				52,399
Price adjustment funds			158,732				1,758,828
Other payables			915,982				733,531
Total		$	5,963,131			$	6,533,236

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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.

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No definition available.

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