FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2013

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 March 31, 2013 and December 31, 2012:

		Fair Value Measurements at
		Reporting Date Using
Description	March 31, 2013	Level 1	Level 2	Level 3
Banker's acceptance notes	$ 1,180,864	$ -	$ 1,180,864	$ -
Total	$ 1,180,864	$ -	$ 1,180,864	$ -


		Fair Value Measurements at
		Reporting Date Using
Description	December 31, 2012	Level 1	Level 2	Level 3
Banker's acceptance notes	$ 101,570	$ -	$ 101,570	$ -
Total	$ 101,570	$ -	$ 101,570	$ -