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7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE

12 Months Ended

Dec. 31, 2013

Payables and Accruals [Abstract]

7. ACCOUNTS PAYABLE AND ACCRUED EXPENSE

Accounts payable and accrued expenses consist of the following:

		As of December 31,
		2013				2012
Accounts payable		$	3,998,660			$	3,797,552
Salary payable			212,138				190,926
Social security insurance contribution payable			57,674				52,399
Price adjustment funds			861,071				1,758,828
Other payables			516,288				733,531
Total		$	5,645,831			$	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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