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7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE

9 Months Ended

Sep. 30, 2013

Payables and Accruals [Abstract]

7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE

Accounts payable and accrued expenses consist of the following:

		September 30, 2013				December 31, 2012
Accounts payable		$	4,826,936			$	3,797,552
Salary payable			206,983				190,926
Social security insurance contribution payable			57,099				52,399
Amount due to a contractor			214,838				-
Price adjustment funds			639,094				1,758,828
Other payables			401,259				733,531
Total		$	6,346,209			$	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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