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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014 and December 31, 2013:

			Fair Value Measurements at
			Reporting Date Using
Description	March 31, 2014		Level 1		Level 2		Level 3
Banker's acceptance notes	$	64,474	$	-	$	64,474	$	-
Total	$	64,474	$	-	$	64,474	$	-

			Fair Value Measurements at
			Reporting Date Using
Description	December 31, 2013		Level 1		Level 2		Level 3
Banker's acceptance notes	$	336,003	$	-	$	336,003	$	-
Total	$	336,003	$	-	$	336,003	$	-