SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENTS:
Subsequent Events	NOTE 14 – SUBSEQUENT EVENTS On July 11, 2013 the Company drew RMB 30,000,000 (approximately $4.86 million) down from a construction loan facility dated June 21, 2013. The loan facility is for an eight-year term, commencing from July 11, 2013, the actual draw-down date. The total loan amount is RMB 80,000,000 (approximately $13 million) from the same bank that provides the line of credit as discussed in Note 8. The proceeds of the loan are to be used for and are collateralized by the construction of the Company’s new production facility and equipment. The loan currently bears interest at 7.205%, based upon 110% of the PRC government’s eight-year term rate effective on the actual draw-down date, subject to annual adjustments based on 110% of the floating rate for the same type of loan on the anniversary from the draw-down date and its subsequent anniversary dates. The loan requires interest only payments for the first two years. Beginning July 11, 2015 the balance of the principal is due in installments over the next six years through July 11, 2021. The Company is required to draw down the entire loan amount by December 31, 2014.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2013

NOTE 14 – SUBSEQUENT EVENTS

On July 11, 2013 the Company drew RMB 30,000,000 (approximately $4.86 million) down from a construction loan facility dated June 21, 2013. The loan facility is for an eight-year term, commencing from July 11, 2013, the actual draw-down date. The total loan amount is RMB 80,000,000 (approximately $13 million) from the same bank that provides the line of credit as discussed in Note 8. The proceeds of the loan are to be used for and are collateralized by the construction of the Company’s new production facility and equipment. The loan currently bears interest at 7.205%, based upon 110% of the PRC government’s eight-year term rate effective on the actual draw-down date, subject to annual adjustments based on 110% of the floating rate for the same type of loan on the anniversary from the draw-down date and its subsequent anniversary dates. The loan requires interest only payments for the first two years. Beginning July 11, 2015 the balance of the principal is due in installments over the next six years through July 11, 2021. The Company is required to draw down the entire loan amount by December 31, 2014.