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7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE | 6 Months Ended
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Jun. 30, 2013
Payables and Accruals [Abstract] |
7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE | NOTE 7 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following:
|  | June 30, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Accounts payable |  | $ | 5,173,565 |  |  | $ | 3,797,552 |
Salary payable |  |  | 202,317 |  |  |  | 190,926 |
Social security insurance contribution payable |  |  | 56,643 |  |  |  | 52,399 |
Price adjustment funds |  |  | 395,936 |  |  |  | 1,758,828 |
Other payables |  |  | 502,183 |  |  |  | 733,531 |
Total |  | $ | 6,330,644 |  |  | $ | 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. + References No definition available. + Details
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