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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2012

The Company uses fair value to measure the value of the banker’s acceptance notes it holds. The banker’s acceptance notes are recorded at cost which approximates fair value. The Company held the following assets recorded at fair value as of September 30, 2012 and December 31, 2011:

			Fair Value Measurements at
			Reporting Date Using
Description	September 30, 2012		Level 1		Level 2		Level 3
Banker's acceptance notes	$	365,248	$	-	$	365,248	$	-
Total	$	365,248	$	-	$	365,248	$	-


			Fair Value Measurements at
			Reporting Date Using
Description	December 31, 2011		Level 1		Level 2		Level 3
Banker's acceptance notes	$	83,512	$	-	$	83,512	$	-
Total	$	83,512	$	-	$	83,512	$	-