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10. EQUITY (Details Narrative) | 6 Months Ended
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Jun. 30, 2014
Equity Details Narrative |
Statutory Common Reserve Funds Description | SCHC and SYCI are required each year to transfer at least 10% of the profit after tax as reported under the PRC statutory financial statements to the Statutory Common Reserve Funds until the balance reaches 50% of the registered share capital. This reserve can be used to make up any loss incurred or to increase share capital. Except for the reduction of losses incurred, any other application should not result in this reserve balance falling below 25% of the registered capital.
Statutory Common Reserve Fund | The Statutory Common Reserve Fund as of June 30, 2014 for SCHC and SYCI is 37% and 50% of its registered capital respectively.

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