<SEC-DOCUMENT>0001010549-15-000256.txt : 20150814
<SEC-HEADER>0001010549-15-000256.hdr.sgml : 20150814
<ACCEPTANCE-DATETIME>20150814092601
ACCESSION NUMBER:		0001010549-15-000256
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20150630
FILED AS OF DATE:		20150814
DATE AS OF CHANGE:		20150814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA PHARMA HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001106644
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				731564807
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34471
		FILM NUMBER:		151052863

	BUSINESS ADDRESS:	
		STREET 1:		2ND FLOOR, NO. 17, JINPAN ROAD
		STREET 2:		HAIKOU
		CITY:			HAINAN PROVINCE
		STATE:			F4
		ZIP:			570216
		BUSINESS PHONE:		8689866811730

	MAIL ADDRESS:	
		STREET 1:		2ND FLOOR, NO. 17, JINPAN ROAD
		STREET 2:		HAIKOU
		CITY:			HAINAN PROVINCE
		STATE:			F4
		ZIP:			570216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TS ELECTRONICS INC
		DATE OF NAME CHANGE:	20030818

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOFTSTONE INC
		DATE OF NAME CHANGE:	20030128

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOFTSTONE INC /DE/
		DATE OF NAME CHANGE:	20010808
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>cphi10q063015.htm
<DESCRIPTION>CHINA PHARMA
<TEXT>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: wingdings; FONT-SIZE: 10pt">x</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: wingdings; FONT-SIZE: 10pt">o</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Commission File Number 001-34471</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 20pt">CHINA PHARMA HOLDINGS, INC.</font></font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Exact name of registrant as specified in its charter)</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(State or other jurisdiction of</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">incorporation or organization)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Identification No.)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Second Floor, No. 17, Jinpan Road</font></font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Issuer's telephone number, including area code)</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes <font style="DISPLAY: inline;" face="Wingdings">x</font>&#160; No <font style="DISPLAY: inline;" face="Wingdings">o</font></font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes <font style="DISPLAY: inline;" face="Wingdings">x</font>&#160; No <font style="DISPLAY: inline;" face="Wingdings">o</font></font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act. (Check One):</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Large accelerated filer<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accelerated filer<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-accelerated filer<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Do not check if a smaller reporting company)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Smaller reporting company<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font></font></div>
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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes <font style="DISPLAY: inline;" face="Wingdings">o</font>&#160; No <font style="DISPLAY: inline;" face="Wingdings">x</font></font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">APPLICABLE ONLY TO CORPORATE ISSUERS:</font></font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 43,579,557 shares of Common Stock, $.001 par value, were outstanding as of August 11, 2015.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PART I FINANCIAL INFORMATION</font></font></div>
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<td valign="top" width="5%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Page</font></font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Item 1.</font></div>
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<td valign="top" width="89%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<div style="TEXT-INDENT: -36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Condensed Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited)</font></div>
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<div style="TEXT-INDENT: -36pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Ended June 30, 2015 and 2014 (Unaudited)</font></div>
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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying unaudited condensed consolidated balance sheets, statements of operations and comprehensive income, and statements of cash flows and the related notes thereto, have been prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;U.S. GAAP&#8221;) for interim financial information and in conjunction with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the disclosures required by U.S. GAAP for complete financial statements. The financial statements reflect all adjustments, consisting only of normal, recurring adjustments, which are, in the opinion of management, necessary for a fair presentation for the interim periods.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying financial statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The results of operations for the six-month period ended June 30, 2015 are not necessarily indicative of the results to be expected for the entire fiscal year or any other period.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CHINA PHARMA HOLDINGS, INC.</font></div>
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<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ASSETS</font></div>
</td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Current Assets:</font></div>
</td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,549,200</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,295,790</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Banker's acceptances</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90,330</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">458,233</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade accounts receivable, less allowance for doubtful</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">accounts of $42,844,045 and $33,350,109, respectively</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17,175,376</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,851,086</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other receivables, less allowance for doubtful</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">accounts of $81,605 and $60,325, respectively</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">401,223</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">272,199</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Advances to suppliers</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8,450,189</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7,889,009</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventory, less allowance for obsolescence</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">of $7,222,881 and $6,934,044, respectively</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,623,919</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15,321,856</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Prepaid expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">58,102</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">404,370</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Current Assets</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">44,348,339</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">54,492,543</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Advances for purchases of intangible assets</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,136,305</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42,390,186</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Property and equipment</font>, net of accumulated depreciation of</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$8,413,910 and $6,640,718, respectively</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32,596,716</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33,881,878</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Intangible assets</font>, net of accumulated amortization of</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$4,389,602 and $4,186,273, respectively</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,154,782</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,317,221</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TOTAL ASSETS</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">121,236,142</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">132,081,828</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">LIABILITIES AND STOCKHOLDERS' EQUITY</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Current Liabilities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade accounts payable</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,698,993</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,550,816</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accrued expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">253,012</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">269,870</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other payables</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,527,045</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,401,470</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Advances from customers</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,042,971</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,078,866</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other payables - related parties</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,354,567</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,354,567</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current portion of construction loan facility</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,642,360</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,629,062</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Short-term notes payable</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,927,079</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,887,187</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Current Liabilities</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14,446,027</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14,171,838</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Non-current Liabilities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction loan facility</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,496,518</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,403,438</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term deferred tax liability</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">293,634</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">252,707</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Liabilities</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,236,179</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25,827,983</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stockholders' Equity:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Preferred stock, $0.001 par value; 5,000,000 shares authorized;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">no shares issued or outstanding</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common stock, $0.001 par value; 95,000,000 shares authorized;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557 shares and 43,579,557 shares outstanding, respectively</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,580</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,580</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Additional paid-in capital</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23,590,204</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23,590,204</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Retained earnings</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">50,759,606</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62,848,901</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accumulated other comprehensive income</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,606,573</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19,771,160</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Stockholders' Equity</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">94,999,963</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106,253,845</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">121,236,142</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">132,081,828</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>
</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying notes are an integral part of these condensed consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="16" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CHINA PHARMA HOLDINGS, INC.</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td colspan="16" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td colspan="16" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AND COMPREHENSIVE LOSS</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td colspan="16" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Unaudited)</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the Three Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the Six Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenue</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,674,175</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,130,544</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,369,105</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,236,059</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cost of revenue</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,511,951</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,713,147</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8,946,657</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8,158,276</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventory obsolescence</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,218,051</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,419,148</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="52%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gross (loss) profit</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(55,827</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,417,397</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,003,300</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,077,783</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="52%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating expenses:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Selling expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,012,463</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">627,442</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,001,416</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,447,847</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">General and administrative expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">459,026</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">382,832</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">931,455</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">806,759</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Research and development expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">174,850</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,902,027</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">335,678</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,346,434</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bad debt expense</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,101,558</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8,032,315</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,206,214</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,340,444</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total operating expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,747,897</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,944,616</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,474,763</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15,941,484</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="52%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss from operations</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(3,803,724</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8,527,219</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(11,471,463</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(10,863,701</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="52%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other income (expense):</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest income</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30,222</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16,828</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">57,077</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">38,611</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest expense</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(322,422</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(113,363</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(636,197</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(169,810</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net other expense</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(292,200</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(96,535</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(579,120</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(131,199</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="52%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss before income taxes</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,095,924</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8,623,754</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(12,050,583</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(10,994,900</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax&#160;&#160;expense</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19,428</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19,196</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(38,712</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(38,543</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net loss</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,115,352</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8,642,950</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(12,089,295</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(11,033,443</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" colspan="8" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other comprehensive income (loss) - foreign currency</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">translation adjustment</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">348,857</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">153,664</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">835,413</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(961,320</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Comprehensive loss</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(3,766,495</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8,489,286</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(11,253,882</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(11,994,763</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Loss per share:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.09</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.20</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.28</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.25</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.09</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.20</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.28</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.25</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr></table>
</div>
</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying notes are an integral part of these condensed consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="8" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CHINA PHARMA HOLDINGS, INC.</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td colspan="8" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td colspan="8" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Unaudited)</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the Six Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash Flows from Operating Activities:</font></div>
</td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net loss</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(12,089,295</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(11,033,443</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation and amortization</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,884,749</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">596,819</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bad debt expense</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,206,214</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,340,444</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventory obsolencence reserve</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">231,326</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred income taxes</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">38,712</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">38,543</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Changes in assets and liabilities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade accounts and other receivables</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(2,437,248</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(3,707,678</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Advances to suppliers</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(494,834</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">429,998</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventory</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,508,519</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,781,501</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade accounts payable</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,231,153</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">714,380</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 14pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; Accrued taxes payable</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">81,600</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(35,513</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other payables and accrued expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23,927</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(124,072</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Advances from customers</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1,048,730</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(587,165</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Prepaid expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">348,196</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net Cash Provided by Operating Activities</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(515,711</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,413,814</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash Flows from Investing Activities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Purchases of property and equipment and</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">construction in process</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(264,869</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,543,490</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net Cash Used in Investing Activities</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(264,869</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,543,490</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash Flows from Financing Activity:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proceeds from construction term loan</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">605,347</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net Cash Provided by Financing Activity</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">605,347</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Effect of Exchange Rate Changes on Cash</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,790</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(43,066</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net (Decrease) Increase in Cash and Cash Equivalents</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(770,790</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1,567,395</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and Cash Equivalents at Beginning of Period</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,319,990</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,993,139</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash and Cash Equivalents at End of Period</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,549,200</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,425,744</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Supplemental Cash Flow Information:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash paid for interest</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">629,424</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">621,841</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash paid for income taxes</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Supplemental Noncash Investing and Financing Activities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accounts payable for purchases of property and equipment</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">108,224</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">35,275</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accounts receivable collected with banker's acceptances</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">952,353</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">944,624</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventory purchased with banker's acceptances</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">924,000</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,235,956</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Advances for intangible assets purchased with banker's acceptances</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">398,537</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>
</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying notes are an integral part of these condensed consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 1 - BASIS OF PRESENTATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Organization and Nature of Operations &#8211;&#160;</font>China Pharma Holdings, Inc., a Nevada corporation, owns 100% of Onny Investment Limited (&#8220;Onny&#8221;), a British Virgin Islands corporation, which owns 100% of Hainan Helpson Medical &amp; Biotechnology Co., Ltd (&#8220;Helpson&#8221;), a company organized under the laws of the People's Republic of China (the &#8220;PRC&#8221;). China Pharma Holdings, Inc. and its subsidiaries are referred to herein as the &#8220;Company&#8221;.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">On December 31, 2012, China Pharma Holdings, Inc consummated a reincorporation merger for the purpose of changing its state of incorporation from Delaware to Nevada pursuant to the terms and conditions of an Agreement and Plan of Merger dated December 27, 2012.&#160;&#160;The reincorporation merger was approved by stockholders holding the majority of the Company&#8217;s outstanding shares of common stock on December 21, 2012.</font></font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Foreign Investment Industrial Catalogue<font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font>(the &#8220;Catalogue&#8221;) jointly issued by China&#8217;s Ministry of Commerce and the National Development and Reform Commission (the latest version is the 2015 version, effective April 10, 2015) classified various industries/businesses into three different categories: (i) encouraged for foreign investment; (ii) restricted to foreign investment; and (iii) prohibited from foreign investment. For any industry/business not covered by any of these three categories, they will be deemed industries/businesses permitted for foreign investment. A typical foreign investment ownership restriction in the pharmaceutical industry is that a foreign investment enterprise (the &#8220;FIE&#8221;) shall not have the whole or majority of its equity interests owned by a foreign owner if the FIE establishes more than 30 branch stores and distributes a variety of brands in those franchise stores, which is not the case for the Company&#8217;s business.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Helpson manufactures and markets generic and branded pharmaceutical products as well as biochemical products primarily to hospitals and private retailers located throughout the PRC. The Company believes Helpson&#8217;s business is not subject to any ownership restrictions prescribed under the Catalogue. Onny acquired 100% of the ownership in Helpson on May 25, 2005 by entering into an Equity Transfer Agreement with Helpson&#8217;s three former shareholders. The transaction was approved by the Commercial Bureau of Hainan Province on June 12, 2005 and Helpson received the Certificate of Approval for Establishing of Enterprises with Foreign Investment in the PRC on the same day and its business license evidencing its WFOE (Wholly Foreign Owned Enterprise) status on June 21, 2005.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has acquired and continues to acquire well-accepted medical formulas to add to its diverse portfolio of Western and Chinese medicines.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Consolidation and Basis of Presentation </font>&#8211; The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) and are expressed in United States dollars. The accompanying consolidated financial statements include the accounts and operations of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Helpson&#8217;s functional currency is the Chinese Renminbi. Helpson&#8217;s revenue and expenses are translated into United States dollars at the average exchange rate for the period. Assets and liabilities are translated at the exchange rate as of the end of the reporting period. Gains or losses from translating Helpson&#8217;s financial statements are included in accumulated other comprehensive income, which is a component of stockholders&#8217; equity. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity that is a party to the transaction are included in the results of operations.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Condensed Financial Statements </font>&#8211; The accompanying unaudited condensed consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the &#8220;Commission&#8221;). Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Management of the Company (&#8220;Management&#8221;) believes the following disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Commission on March 30, 2015.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) that, in the opinion of Management, are necessary to present fairly the consolidated financial position and results of operations of the Company for the periods presented. Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.</font></div>

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<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
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<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Accounting Estimates </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">- </font>The preparation of financial statements in conformity with&#160;U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Basic and Diluted Loss per Common Share </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">- </font>Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is calculated to give effect to any potentially issuable dilutive common shares. There were no potentially dilutive common shares outstanding for all periods presented.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:</font></div>

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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the Three Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the&#160;Six Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net loss</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,115,352</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8,642,950</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(12,089,295</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(11,033,443</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic weighted-average common shares outstanding</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Effect of dilutive securities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Options</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted weighted-average common shares outstanding</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,579,557</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic loss per share</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.09</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.20</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.28</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.25</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted loss per share</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.09</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.20</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.28</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.25</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 2 &#8211; INVENTORY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Inventory consisted of the following:&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raw materials</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17,016,993</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,819,570</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Work in process</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finished goods</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,829,807</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,436,330</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,846,800</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22,255,900</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Obsolescence reserve</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(7,222,881</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(6,934,044</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Inventory</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,623,919</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15,321,856</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 3 - PROPERTY AND EQUIPMENT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Property and equipment consisted of the following:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Permit of land use</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">462,600</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">458,853</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Building</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,371,775</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,279,704</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Plant, machinery and equipment</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,638,117</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,358,694</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Motor vehicle</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">258,890</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,976</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Office equipment</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">273,348</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">268,521</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction in progress</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,896</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,848</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">41,010,626</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">40,522,596</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: accumulated depreciation</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8,413,910</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(6,640,718</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Property and Equipment, net</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32,596,716</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33,881,878</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div align="left">&#160;</div>

<div align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A reconciliation of total interest cost incurred to interest expense as recognized in the consolidated statement of operations is as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the Three Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the Six Months</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total interest cost incurred</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">322,422</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">345,626</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">636,197</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">621,841</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest cost capitalized</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">232,263</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">452,031</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest expense</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">322,422</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">113,363</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">636,197</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">169,810</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<div align="center">
<table cellpadding="0" cellspacing="0" width="40%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="33%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Asset</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Life - years</font></div>
</td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="top" width="33%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Permit of land use</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">40 - 70</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="33%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Building</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20 - 49</font></div>
</td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="top" width="33%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Plant, machinery and equipment</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 - 10</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="33%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Motor vehicle</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 - 10</font></div>
</td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="top" width="33%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Office equipment</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3-5</font></div>
</td>
</tr></table>
</div>

<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three and six months ended June 30, 2015 and 2014, depreciation expense was $857,752 and, $201,580, $1,712,237 and $403,489, respectively.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 4 - INTANGIBLE ASSETS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Intangible assets represent the cost of medical formulas approved for production by the China Food and Drug Administration (&#8220;CFDA&#8221;) in China. During the six months ended June 30, 2015, the Company did not obtain CFDA production approval for any medical formula and therefore there were no costs reclassified from advances to medical formulas.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Approved medical formulas are amortized from the date CFDA approval is obtained over their individually identifiable estimated useful life, which ranges from ten to thirteen years.&#160;&#160;It is at least reasonably possible that a change in the estimated useful lives of the medical formulas could occur in the near term due to changes in the demand for the drugs and medicines produced from these medical formulas. For the three and six months ended June 30, 2015 and 2014, amortization expense relating to intangible assets was $75,785 and $96,284, $172,511 and $193,330, respectively. Medical formulas typically do not have a residual value at the end of their amortization period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company evaluates each approved medical formula for impairment at the date of CFDA approval, when indications of impairment are present and at the date of each financial statement. The Company&#8217;s evaluation is based on an estimated undiscounted net cash flow model, considering currently available market data for the related drug and the Company&#8217;s estimated market share. If the carrying value of the medical formula exceeds the estimated future net cash flows, an impairment loss is recognized for the excess of the carrying value over the discounted estimated future net cash flows. As a result of the evaluation, the Company has determined that each medical formula continues to provide benefits to the Company and no impairment was recognized during the six months ended June 30, 2015 or 2014.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of June 30, 2015 and December 31, 2014, intangible assets consisted solely of CFDA approved medical formulas as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="left">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gross carrying amount</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,544,384</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,499,494</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accumulated amortization</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,389,602</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(4,182,273</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net carrying amount</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,154,782</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,317,221</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div align="left">&#160;</div>

<div align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 5 &#8211; ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In order to expand the number of medicines the Company manufactured and marketed, the Company has entered into contracts with independent laboratories for the purchase of medical formulas. Although CFDA approval had not been obtained for certain medical formulas as of the dates of the respective contracts, the objective of the contracts is for the Company to purchase CFDA-approved medical formulas once the CFDA approval process is completed. Some of the medical formulas currently under the CFDA&#8217;s review also come with patents. As of June 30, 2015, the Company had received the title to two unexpired patents that relate to medical formulas currently in the CFDA approval process.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Prior to entering into contracts with the Company, laboratories typically are required to complete all&#160;&#160;research and development to determine the content of the medical formula and the method to produce the generic medicine. The application for CFDA&#8217;s production approval must be made by the production facility that will produce the related product. As a result, a contract typically provides that once the Company buys the medical formula from the laboratory, the laboratory is required to assist the Company in applying for and obtaining the production approval from the CFDA.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A typical CFDA approval process for the production of a generic medical product involves a number of steps that generally require three to five years to complete. If the medical formula is purchased at the point when the generic medical product receives the CFDA&#8217;s approval for a clinical study, which is very typical for the Company, the clinical study that follows will usually take from one and a half to three years to complete. After completing the clinical study, the results are submitted to the CFDA and a production approval application is filed with the CFDA. In most cases, it will take between eight to eighteen months to prepare and submit the application and finally obtain the CFDA production approval. Upon approving the generic medical product, the CFDA issues a production certificate and the Company can commence the production and sales of the generic medical product. As a result of this process, CFDA approval is expected to be received in approximately two to five years from the date&#160;&#160;the Company signs the medical formula contracts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the terms of the contracts, the laboratories are required to assist the Company in obtaining production approval for the medical formulas from the CFDA. Management monitors the status of each medical formula on a regular basis in order to assess whether the laboratories are performing adequately under the contracts. If a medical product is not approved by the CFDA, as evidenced by their issuance of a denial letter, or if the laboratory breaches the contract, the laboratory is required under the contract to provide a refund to the Company of the full amount of the payments made to the laboratory for that formula, or the Company can require the application of those payments to another medical formula with the same laboratory. As a result of the refund right, the Company is ultimately purchasing an approved medical product. Accordingly, payments made prior to the issuance of production approval by the CFDA are recorded as advances for purchases of intangible assets.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To date, no formula has failed to receive CFDA production approval nor has the Company been informed or become aware of any formula that may fail to receive such approval. However, there is no assurance that the medical products will receive production approval and if the Company does not receive such approval, it will enforce its contractual rights to receive the refund from the laboratory or have the payments applied to another medical formula with the same laboratory.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of June 30, 2015, the Company was obliged to pay laboratories and others approximately $4.2 million upon completion of various phases of contracts to provide CFDA production approval of medical formulas.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 6 &#8211; RELATED PARTY TRANSACTIONS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total advances owing to a board member were $1,354,567 as of June 30, 2015 and December 31, 2014, respectively, and are recorded as &#8220;other payables &#8211; related parties&#8221; on the accompanying condensed consolidated balance sheets. The advances bear interest at a rate of 1.0% per year and is payable on December 31, 2015.&#160;&#160;Total interest expense of $3,386 and $3,386, $6,772 and $6,772 was recognized for the three and six months ended June 30, 2015 and 2014, respectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 7 &#8211; NOTES PAYABLE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In November 2014, the Company entered into a line of credit with a bank in the amount of RMB 30,000,000.&#160;&#160;The amounts advanced under the line of credit are due November 24, 2015. Advances on the line of credit are due one year from the date of the advance and are collateralized by certain land use rights, buildings and accounts receivable and bear interest at an annual rate of 6.16% (based upon 110% of the PRC government&#8217;s current short term rate of 5.6%). In addition, the Company&#8217;s Chief Executive Officer and Chair of the board of directors personally guaranteed the line of credit.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The outstanding balance due under the revolving line of credit was RMB 30,000,000 as of June 30, 2015 and December 31, 2014 ($4,927,079 as of June 30, 2015 and $4,887,187 as of December 31, 2014).&#160;&#160;The Company has no additional amounts available to it under this line of credit.&#160;&#160;This amount has been classified as short-term notes payable in the accompanying condensed consolidated balance sheets at June 30, 2015 and December 31, 2014.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 8 &#8211; CONSTRUCTION LOAN FACILITY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company obtained a construction loan facility in the amount of RMB 80,000,000 (approximately $13.0 million at June 30, 2015) from a construction loan facility dated June 21, 2013. The loan facility is for an eight-year term, which commenced on the initial draw-down date of July 11, 2013, and is from the same bank that currently provides the line of credit as discussed in Note 7.&#160;&#160;The proceeds of the loan were used for and are collateralized by the construction of the Company&#8217;s new production facility and the included production line equipment and machinery. The loan bears interest at 7.205% based upon 110% of the PRC government&#8217;s eight-year term rate effective on the actual draw-down date, and is subjected 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.&#160;On July 10, 2015 the interest rate was adjusted to 5.94%. &#160;The loan requires interest only payments for the first two years. Beginning July 11, 2015, the balance of the principal will be due in annual installments which are due prior to July 10 of the following year over the next six years through July 11, 2021. No principal payments have been made under the facility as of the date of this report on Form 10-Q. As of June 30, 2015, the Company had no additional amounts available to it under this facility.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Principal payments required for the next five years as of June 30, 2015 are as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="center">
<table cellpadding="0" cellspacing="0" width="40%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="82%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Amount</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2015</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,642,360</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2016</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,642,360</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2017</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,463,540</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2018</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,463,540</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2019</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,463,540</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="82%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Thereafter</font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,463,540</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="82%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,138,878</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Fair Value of</font> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Notes Payable and Construction Loan Facility</font> &#8211; Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the carrying amounts of notes payable and the construction loan facility outstanding as of June 30, 2015 and December 31, 2014 approximated their fair value because of either the immediate or short-term maturity of these financial instruments or because the underlying instruments bear interest rates that approximated current market rates.&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 9 - INCOME TAXES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax laws or rates are recognized in operations in the period that includes the enactment date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Undistributed earnings of Helpson, the Company&#8217;s foreign subsidiary, since its acquisition, amounted to approximately $56.5 million at June 30, 2015. Those earnings, as well as the investment in Helpson of approximately $23.3 million, are considered to be indefinitely reinvested and, accordingly, no U.S. federal or state income taxes have been provided thereon. Upon distribution of those earnings in the form of dividends or otherwise, the Company would be subject to U.S. federal and state income taxes (net of an adjustment for foreign tax credits) and withholding taxes payable to the PRC. Determination of the amount of unrecognized deferred U.S. income tax liability is not practicable because of the complexities associated with its hypothetical calculation; however, unrecognized foreign tax credits may be available to reduce a portion of the U.S. tax liability.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under current tax law in the PRC, the Company is and will be subject to the following enterprise income tax rates:&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="center">
<table cellpadding="0" cellspacing="0" width="40%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Enterprise Income </font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Tax Rate</font></font></td>
</tr><tr bgcolor="aliceblue">
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2014</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15%</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2015</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15%</font></div>
</td>
</tr><tr bgcolor="aliceblue">
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2016</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15%</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2017</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25%</font></div>
</td>
</tr><tr bgcolor="aliceblue">
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Thereafter</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25%</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The provision for income taxes consisted of the following:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Six months ended June 30,</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19,428</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19,196</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(38,712</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(38,543</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="52%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total income tax (benefit) expense</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19,428</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19,196</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(38,712</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(38,543</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has net operating loss carry forwards for PRC tax purposes of approximately $14.0 million at June 30, 2015, of which approximately $6.9 million, $4.4 million and $2.7 million is available to offset future taxable income through 2018, 2019 and 2020, respectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In assessing the realizability of deferred tax assets, Management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.&#160;&#160;The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those differences become deductible or tax loss carry forwards are utilized.&#160;&#160;Management considers projected future taxable income and tax planning strategies in making this assessment.&#160;&#160;Based upon an assessment of the level of historical taxable income and projections for future taxable income over the periods on which the deferred tax assets are deductible or can be utilized, Management believes it is not likely the Company will realize all of the benefits of the deferred tax assets as of June 30, 2015 and December 31, 2014.&#160;&#160;Therefore, the Company has provided for a valuation allowance against its deferred tax assets of $9,655,878 and $8,952,768 as of June 30, 2015 and December 31, 2014, respectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company also incurred various other taxes, comprised primarily of business taxes, value-added taxes, urban construction taxes, education surcharges and others. Any unpaid amounts are reflected on the balance sheets as accrued taxes payable.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE 11 &#8211; FAIR VALUE MEASUREMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. To measure fair value, a hierarchy has been established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Level 1 &#8211; Quoted prices in active markets for identical assets or liabilities;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Level 2 &#8211; Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Level 3 &#8211; Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company uses fair value to measure the value of the banker&#8217;s acceptance notes it holds.&#160;&#160;The banker&#8217;s acceptance notes are recorded at cost which approximates fair value.&#160;&#160;The Company held the following assets recorded at fair value as of June 30, 2015 and December 31, 2014:&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="left">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="49%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="10" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Fair Value Measurements at</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="49%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="13%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="10" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reporting Date Using</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="49%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Description</font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">June 30, 2015</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Level 1</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Level 2</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Level 3</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="49%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Banker's acceptance notes</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90,330</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90,330</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="49%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90,330</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90,330</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="49%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="49%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="10" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Fair Value Measurements at</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="49%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: right; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="10" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reporting Date Using</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="49%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Description</font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31, 2014</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Level 1</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Level 2</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Level 3</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="49%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Banker's acceptance notes</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">458,233</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">458,233</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="49%" style="PADDING-BOTTOM: 4px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">458,233</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">458,233</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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</div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There were no securities issued from the Plan during the six months ended June 30, 2015 and at June 30, 2015 there was no unrecognized compensation expense related to securities granted under the Plan.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Economic environment </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">- </font>Substantially all of the Company's operations are conducted in the PRC, and therefore the Company is subject to special considerations and significant risks not typically associated with companies operating in the United States of America. These risks include, among others, the political, economic and legal environments and fluctuations in the foreign currency exchange rate. The Company's results from operations may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The unfavorable changes in global macroeconomic factors may also adversely affect the Company&#8217;s operations.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, all of the Company's revenue is denominated in the PRC's currency of Renminbi (RMB), which must be converted into other currencies before remittance out of the PRC. Both the conversion of RMB into foreign currencies and the remittance of foreign currencies abroad require approval of the PRC government.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At June 30, 2015, two customers accounted for 17.3% and 10.7% of accounts receivable.&#160;&#160;At December 31, 2014, one customer accounted for 17.7% of accounts receivable.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the six months ended June 30, 2015 and 2014, one customer accounted for 12.7% and 15.9% of sales, respectively.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the six months ended June 30, 2015 and 2014, purchases from one supplier accounted for 25.7% and 14.4% of raw material purchases, respectively.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ITEM 2.&#160;&#160;&#160;&#160;&#160;&#160;MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.</font><br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The statements contained in this report with respect to our financial condition, results of operations and business that are not historical facts are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology, such as "anticipate", "believe", "expect", "plan", "intend", "seek", "estimate", "project", "could", "may" or the negative thereof or other variations thereon, or by discussions of strategy that involve risks and uncertainties. Management wishes to caution the readers of the forward-looking statements that any such statements that are contained in this report reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors, including, but not limited to, economic, competitive, regulatory, technological, key employees, and general business factors affecting our operations, markets, growth, services, products, licenses and other factors, some of which are described in this report and some of which are discussed in our other periodic filings with the Securities and Exchange Commission. These forward-looking statements are only estimates or predictions. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of risks facing our company, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These risk factors should be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. All written and oral forward looking statements made in connection with this report that are attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given these uncertainties, we caution investors not to unduly rely on our forward-looking statements. We do not undertake any obligation to review or confirm analysts&#8217; expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Business Overview &amp; Recent Developments</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The China Food and Drug Administration (&#8220;CFDA&#8221;) promulgated <font style="FONT-STYLE: italic; DISPLAY: inline">Good Manufacturing Practices for Pharmaceutical Products</font> (2010 revised version) (the &#8220;New GMP Standards&#8221;) on February 12, 2011, which became effective on March 1, 2011.&#160;The New GMP Standards outlines the basic principles and standards for the manufacturing of pharmaceutical products and the management of quality controls in the manufacturing process in the PRC. Pursuant to those mandatory requirements, the upgrading of our two sterilization production lines were required to be completed by the end of 2013; and the upgrading of our oral solution production lines is required to be completed by the end of 2015. In November 2014, we received new GMP certificates for the four new injectable production lines in our new factory and initiated production on those lines. In January 2015, we also received new GMP certificates for the tablet and capsule production lines in our old factories. We plan to upgrade the granule and cephalosporin production line in our old factories by the end of 2015 while the dry powder injectable production line in our old factory is expected to be upgraded next year.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The new products in our pipeline have experienced delays. The CFDA has enhanced its approval criteria and processes, resulting in additional supplemental materials and trials, higher cost, and longer approval time for certain applications across all pharmaceutical products including all of our product types. We commenced leading formulation screening, new technology exploration and technical criteria improvement activities in 2013. We expect this new model will improve our developments timelines and expand our exploration channels for our pipeline products.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The status of our pipeline products remains the same as we reported in our Annual Report on Form 10-K for the year ended December 31, 2014.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Market Trends</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">It is noteworthy that in 2014 there were certain state policy changes, such as the intention to release the control over drug prices, the release of restrictions on Internet drug sales, and the promotion of market-oriented reform of health care, which invigorated the traditional Chinese medicine industry. The logic behind these policies was to allow the market to play a decisive role in the allocation of resources, so as to improve operational efficiency and solve the problem of the inaccessibility of medicine and medical care that was experienced by a lot of people. The development of the pharmaceutical industry seems to fit the characteristics of the new normal Chinese economy: the growth enters into the shift period, from high-speed growth to the medium-speed growth and the development of the industry relies on reformation, restructuring and innovation.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Currently, the health insurance fund spending accounts for more than 30% of total health expenditure, which is one of the main forces driving the development of the pharmaceutical industry in recent years. However, faced with huge health care expenses, the health insurance fund shortfall problem needs to be addressed urgently. Medicare cost control has been the focus of the government. The National Development and Reform Commission issued "Promote Drug Price Reform Program (Draft)" on November 25, 2014, which intends to control medical costs through Medicare spending and bidding, form drug prices by market competition, and abolished the maximum retail price restriction of drugs commencing on January 1, 2015. Some analysts believe that, when this reform program is implemented fully, Medicare rights will be enhanced and the bargaining power of medical institutions and other relevant parties will also be improved. Consequently, our whole industry will face even more severe price pressure.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">China&#8217;s pharmaceutical industrial output growth continued to slow down from the second half of 2013. In addition, the industry growth in 2014 experienced significant decline compared to the previous years due to certain medicare cost controls, and the upgrading requirements under the New GMP Standards. The Company believes that this trend will continue. Southern Medicine Economic Institute promulgated by CFDA predicts by 2015 China&#8217;s pharmaceutical industry output growth of 15%, sales growth of 13%, and profit growth of 11%. Concerning the terminal market, China&#8217;s pharmaceutical terminal market is expected to reach RMB 1.407 trillion, an increase of 12.9% in 2015.</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Results of Operations for the Three Months Ended June 30, 2015</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenue</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue for the three months ended June 30, 2015 was $5.7 million, a decrease of 7% from $6.1 million for the three months ended June 30, 2014. This was mainly because we were in the middle of the GMP upgrading process in 2014 and, as a result, we missed some drug tenders in several provinces, thus affecting the sales of subsequent quarters.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Three Months Ended June 30,</font></div>
</td>
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<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid">&#160;</td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">&#160;</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid">&#160;</td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">&#160;</td>
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<td valign="bottom" width="52%" style="BORDER-BOTTOM: black 4px double; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Product Category</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2015</font></div>
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<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2014</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net Change</font></div>
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<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">% Change</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="52%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CNS Cerebral &amp; Cardio Vascular</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.91</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.99</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-0.08</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="52%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Anti-Viro/ Infection &amp; Respiratory</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.74</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.18</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-0.44</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-11</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="52%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Digestive Diseases</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.21</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.45</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-0.24</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-53</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="52%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-BOTTOM: 0px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.81</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.50</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.31</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 0px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61</font></td>
<td nowrap valign="bottom" width="1%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 0px; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Other&#8221; category increased by $0.31 million to $0.81 million in the second quarter of 2015 compared to $0.50 million in the same period 2014, which was mainly due to the sales increase in Vitamin B6 for Injection.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The most significant decrease in revenue was in our &#8220;Anti-Viro/ Infection &amp; Respiratory&#8221; product category, which generated $3.74 million in sales revenue in the second quarter of 2015 compared to $4.18 million in the same period a year ago, a decrease of $0.44 million. This decrease was mainly caused by the decrease in sales of Cefaclor and Andro-grapholide due to market fluctuation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sales of the &#8220;Digestive Diseases&#8221; decreased by $0.24 million to $0.21 million in the second quarter in 2015 compared to $0.45 million in the same period of 2014, mainly due to the decrease in sales of Tiopronin, which were primarily affected by market volatility.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our &#8220;CNS Cerebral &amp; Cardio Vascular&#8221; category generated $0.91 million of sales in the second quarter in 2015, remaining fairly comparable to $0.99 million in the same period of last year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">15</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the three months ended June 30, 2015, revenue breakdown by product category stayed close to the condition in the same period of 2014. Sales of the &#8220;Anti-Viro / Infection &amp; Respiratory&#8221; products category represented 68% of total sales in the three months ended June 30, 2015, compared to 66% in the same period last year. The &#8220;CNS, Cerebral &amp; Cardio Vascular&#8221; category represented 16% of total revenue in the three months ended June 30, 2015 and 2014. The &#8220;Other&#8221; category represented 9% of total revenue in the three months ended June 30, 2015, compared to 15% in the same period last year. The &#8220;Digestive Diseases&#8221; category represented 7% and 3% of revenues in three months ended June 30, 2015 and 2014, respectively.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cost of Revenue</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended June 30, 2015, our cost of revenue was $4.5 million, or 80% of total revenue, which represented an increase of $0.8 million from $3.7 million, or 61% of total revenue, in the second quarter of 2014.&#160;&#160;The increase in cost of revenue in the second quarter of 2015 was mainly due to the new GMP standards for quality control improvement, which lead to an increase in our production costs, such as energy consumption, and depreciation.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Inventory Obsolescence</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There was $1.2 million of inventory obsolescence recorded for the three months ended June 30, 2015, and no inventory obsolescence for the three months ended June 30, 2014. We started recording inventory obsolescence allowance on a quarterly basis during the first quarter of 2015 as we believe it may result in material modification in our financial statements; while previously, we tested and recorded inventory obsolescence allowance on an annual basis.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gross Profit (Loss) and Gross Margin</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gross loss for the three months ended June 30, 2015 was $0.06 million, compared to gross profit of $2.4 million in the same period of 2014. Our gross loss margin in the second quarter of 2015 was (1%) compared to gross profit margin of 39% in the same period of 2014. Without considering the effect of inventory obsolescence in the three months ended June 30, 2015, management estimates that our gross profit margin would have been approximately 20% in this period. The decrease in gross profit margin was mainly due to the increase in production costs incurred to comply with the new GMP requirements, increased lower margin products sold in this period, as well as the inventory obsolescence incurred in the second quarter 2015.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Selling Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our selling expenses for the three months ended June 30, 2015 were $1.0 million, compared to $0.6 million in the same period last year. Selling expenses accounted for 18% of the total revenue in the second quarter 2015 compared to 10% in the same period 2014. Due to many adjustments in our selling processes under healthcare reform policies, despite the decrease in sales, we still rely on fixed personnel and expenses to support our revenue and collection of accounts receivable. In addition, once received new GMP certificate, we are aiming to recover our market and therefore requires more sales expenses and marketing efforts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">16</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">General and Administrative Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our general and administrative expenses for the three months ended June 30, 2015 were $0.5 million, compared to $0.4 million in the same period 2014. General and administrative expenses accounted for 8% and 6% of our total revenues in the three months ended June 30, 2015 and 2014, respectively.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Research and Development Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our research and development expenses for the three months ended June 30, 2015 was $0.2 million, compared to $1.9 million in the same period last year. The change in research and development expenses was mainly due to the costs related to testing of the new production lines in the second quarter 2014, while no such expenses incurred in this period because we have received the GMP certificates for those production lines.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Bad Debt Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our bad debt expense for the three months ended June 30, 2015 and 2014 were $2.1 million and $8.0 million, respectively. The decrease in bad debt expense was mainly due to the decrease in aged accounts receivable balance which hasn't been allowed against previously during the three months ended June 30, 2015 as compared to the same period of 2014.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In general, our normal credit or payment terms extended to customers are 90 days. This has not changed in recent years. Due to the peculiarity of the Chinese pharmaceutical market environment, deferred payments to pharmaceutical companies by state-owned hospitals and local medicine distributors are a normal phenomenon. Our customers are primarily pharmaceutical distributors who sell products to mostly government-backed hospitals. Therefore, the age of our receivables from our customers tends to be long. Although these customers typically pay after the due date of the receivables, since the majority of hospitals in China are backed by the government, management believes that the deferred payments from state-owned hospitals are secured and will eventually be collected.</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The amount of accounts receivable that were past due (or the amount of accounts receivable that were more than 90 days old) was $16.5 million and $23.6 million as of June 30, 2015 and December 31, 2014, respectively. The following table illustrates our accounts receivable aging distribution in terms of percentage of total accounts receivable as of June 30, 2015 and December 31, 2014.</font></div>

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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 30,</font></div>
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<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" colspan="3" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31,</font></div>
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<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" colspan="3" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 - 90 Days</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.0</font></td>
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<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90 - 180 Days</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">180 - 360 Days</font></div>
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<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">360 - 720 Days</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">29.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="50%" style="PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&gt; 720 Days</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">69.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
<td align="right" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">53.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">%</font></td>
</tr></table>
</div>

<div align="left">&#160;</div>

<div align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">17</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our bad debt allowance estimate is currently the sum of 3.5% of accounts receivable that are less than 365 days old, 10% of accounts receivable that are between 365 days and 720 days old and 100% of accounts receivable that are greater than 720 days old.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In order to collect cash to support the construction of our new plant to meet the policy requirements for new GMP upgrading, we have shifted to prudent sales strategies in the recent two years. This strategy strengthened the preference on sales to customers with good credit performance, while reduced the supplement to customers with poor credit. On the one hand, this strategy contributed to the recovery of funds; on the other hand, it negatively impacted our sales and indirectly prolonged the payment from the estranged customers. These two factors resulted in increased proportion of our older-aged accounts receivable balance.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Loss from Operations</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our operating loss for the three months ended June 30, 2015 was $3.8 million, compared to operating loss of $8.5 million in the same period of 2014. The decrease in operating loss was primarily due to the decrease in bad debt expense and partially offset by the inventory obsolescence recognized in the second quarter of 2015.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Income Tax (Benefit)</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended June 30, 2015 and 2014, our income tax rate was 15%. Income tax benefit was ($0.02) million for the three months ended June 30, 2015 and 2014. The income taxes recognized for the three months ended June 30, 2015 and 2014 were related to net changes in long-term deferred tax assets and liabilities. We renewed our "National High-Tech Enterprise" status ("National HT Status") from the PRC government in the third quarter of 2013. With this designation, for the years ended December 31, 2015 and 2016, we will continue to enjoy a preferential tax rate of 15% which is notably lower than the statutory income tax rate of 25%.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net Loss</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Net loss for three months ended June 30, 2015 and 2014 was $4.1 million and $8.6 million, respectively. The decrease in net loss was primarily due to the decrease in bad debt expenses and partially offset by the inventory obsolescence recognized in the second quarter 2015.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended June 30, 2015, loss per basic and diluted common share was $0.09, compared to loss per basic and diluted share of $0.20 for the same period in 2014.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The number of basic and diluted weighted-average outstanding shares used to calculate loss per share was 43,579,557 for the three months ended June 30, 2015 and 2014, respectively.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Six Months Ended June 30, 2015 and 2014</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenue</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the six months ended June 30, 2015, our sales revenue was $11.4 million, which represented a decrease of $1.9 million, or 14%, from the $13.2 million in the corresponding period of 2014.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Product Category</font></div>
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<td colspan="2" valign="bottom" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Six Months June 30,</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net Change</font></div>
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<td rowspan="2" valign="middle" width="10%" style="BORDER-BOTTOM: black 4px double; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">% Change</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 4px double; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2015</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2014</font></div>
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<td valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CNS Cerebral &amp; Cardio Vascular</font></div>
</td>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.61</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.90</font></div>
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<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.29)</font></div>
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<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-15%</font></div>
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<td valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Anti-Viro/Injection &amp; Respiratory</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.79</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.15</font></div>
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<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1.36)</font></div>
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<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-15%</font></div>
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</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Digestive Diseases</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.36</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.77</font></div>
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<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(0.41)</font></div>
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<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-54%</font></div>
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<td valign="bottom" width="37%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.61</font></div>
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<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.41</font></div>
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<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.20</font></div>
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<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14%</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Other&#8221; category increased by $0.20 million to $1.61 million in the first half of 2015 compared to $1.41 million in the same period of 2014 and the increase was mainly due to the sales increase in Vitamin B6 for Injection.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The most significant decrease in revenue was in our &#8220;Anti-Viro/ Infection &amp; Respiratory&#8221; product category, which generated $7.79 million in sales revenue in the first half of 2015, compared to $9.15million in the same period a year ago, a decrease of $1.36 million. This decrease was mainly caused by the decrease in sales of Cefaclor due to market fluctuation.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sales of the &#8220;Digestive Diseases&#8221; decreased by $0.41 million to $0.36 million in the first half of 2015, compared to $0.77 million in the same period of 2014, mainly due to the decrease in sales of Tiopronin, which were primarily affected by market volatility.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our &#8220;CNS Cerebral &amp; Cardio Vascular&#8221; category generated $1.61 million of sales in the first half of 2015, compared to $1.90 million in the same period last year, which represented a decrease of $0.29 million. This decrease was mainly do the sales decrease of Candesartan due to market fluctuation.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cost of Revenue</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the six months ended June 30, 2015, our cost of revenue was $8.9 million, or 79% of total revenue, which represented an increase of $0.7 million from $8.2 million, or 62% of total revenue, in the same period of 2014.&#160;&#160;The increase in cost of revenue in the second quarter of 2015 was mainly due to the new GMP standards for quality control improvement, which lead to an increase in our production costs, such as energy consumption and depreciation.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -25.6pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Inventory Obsolescence</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There was $1.4 million inventory obsolescence recorded for the six months ended June 30, 2015, and no inventory obsolescence for the six months ended June 30, 2014. We started recording inventory obsolescence allowance on a quarterly basis since the first quarter of 2015 as we believe it may result in material modification to our financial statements; while previously, we tested and recorded inventory obsolescence allowance on an annual basis.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gross Margin and Gross Profit</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gross profit for the six months ended June 30, 2015 was $1.0 million, compared to $5.0 million in the same period of 2014. Gross profit margin for the six months ended June 30, 2015 and 2014 were 9% and 38%, respectively.&#160;&#160;Without considering the effect of inventory obsolescence in the first half of 2015, management estimates that our gross profit margin would have been approximately 21%. The decrease in gross profit margin was mainly due to the increase in production costs incurred to comply with the new GMP requirements, more lower margin products sold in this period, as well as the inventory obsolescence incurred in the first half of 2015.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our selling expenses for the six months ended June 30, 2015 were $2.0 million, an increase of $0.6 million, or 38%, compared to $1.4 million for the same period 2014. This increase was mainly due to many adjustments in our selling processes under healthcare reform policies. Despite the decrease in sales, we still rely on comparable personnel and expenses to support our revenue and collection of accounts receivable. In addition, once received new GMP certificate, we are aiming to recover our market and therefore requires more sales expenses and marketing efforts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">General Administrative Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our general and administrative expenses for the six months ended June 30, 2015 were $0.9million, an increase of $0.1 million, or 15%, compared to $0.8 million for the same period 2014.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">20</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
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<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Research and Development Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our research and development expenses for the six months ended June 30, 2015 was $0.3 million, compared to $2.3 million in the same period 2014. The change in research and development expenses was mainly due to the costs related to testing of the new production lines in the first half 2014, while no such expenses incurred in this period because we have received the GMP certificates for those production lines.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Bad Debt Expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our bad debt expenses for the six months ended June 30, 2015 was $9.2 million, compared to $11.3 million for the same period 2014. Please see additional discussion of bad debt and account receivables in the section above named "Bad Debt Expenses".</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="6" valign="bottom" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">For the Six Months Ended</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="6" valign="bottom" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 30,</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2015</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="3" valign="bottom">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2014</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="aliceblue">
<td valign="bottom" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, Beginning of Period</font></div>
</td>
<td valign="bottom" width="22%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33,350,109</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,301,622</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bad debt expenses (benefits)</font></div>
</td>
<td valign="bottom" width="22%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#12288;</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,206,214</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,340,444</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="aliceblue">
<td align="left" valign="bottom" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign currency translation adjustment</font></div>
</td>
<td valign="bottom" width="22%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#12288;</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">287,722</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(142,705</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, End of Period</font></div>
</td>
<td valign="bottom" width="22%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42,844,045</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,499,361</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Loss from Operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our operating loss for the six months ended June 30, 2015 was approximately $11.5 million, compared to $10.9 million for the same period of 2014, which represented a deterioration of $0.6 million. The deterioration in operating income performance was primarily due to lower revenue and inventory obsolescence in the current period compared to the corresponding period one year ago.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net Loss</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our net loss for the six months ended June 30, 2015 and 2014 was $12.1 million and $11.0 million, respectively, which represented a deterioration of $1.1 million. The increase in net loss was primarily due to lower revenue, inventory obsolescence and increased selling expenses recognized in the first half of 2015, which was partially offset by the decreased R&amp;D expenses and bad debt expenses in the current period compared to the corresponding period one year ago.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">21</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Liquidity and Capital Resources</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our principal sources of liquidity are cash generated from operations and short-term bank loans.&#160;Our cash and cash equivalents were $4.5 million, which represents 4% of our total assets as of June 30, 2015, as compared to $5.3 million, which represents 4% of our total assets as of December 31, 2014.&#160;&#160;All of the $4.5 million of cash and cash equivalents at June 30, 2015 is considered to be reinvested indefinitely in Helpson and is not expected to be available for payment of dividends, for other payments to our parent company or to its shareholders. As of June 30, 2015, we had a principal balance of $4.9 million in short-term bank loans. The amounts advanced under the line of credit are due on November 24, 2015.&#160;&#160;In addition, we have $1.6 million of short-term debt related to the current portion of our construction loan facility.&#160;&#160;The loan requires interest only payments for the first two years. Beginning July 11, 2015, the balance of the principal will be due in annual installments which are due prior to July 10 of the following year over the next six years through July 11, 2021. No principal payments have been made under the facility as of the date of this report on Form 10-Q. The cash flow generated from operating activities was used to fund the market-share-recovering of our current existing products.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on our current operating plan, management believes that our cash provided by operations will be sufficient to meet our operating capital needs and our anticipated capital expenditures, including expenditures for new formula acquisitions and GMP upgrading related construction and equipment, for the next twelve months. However, if events or circumstances change and we do not meet our operating plan as expected, we may be required to seek additional capital and/or to reduce certain discretionary spending, which could have a material adverse effect on our ability to achieve our business objectives. Notwithstanding the foregoing, when we regard market conditions are most advantageous, we may seek additional financing as necessary for expansion purposes, which may include debt and/or equity financing.&#160;&#160;There can be no assurance that any additional financing will be available on acceptable terms, if at all.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating Activities</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Net cash used by operating activities was $0.5 million in the six months ended June 30, 2015, compared to $2.4 million generated for the same period in 2014.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At June 30, 2015, our accounts receivable was $17.2 million, a decrease of $7.7 million from $24.9 million at December 31, 2014, which was due to the decrease in sales, increase in allowance for doubtful accounts and our enhanced collection efforts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At June 30, 2015, total inventory was $13.6 million, a decrease of $1.7 million from $15.3 million at December 31, 2014. This decrease was mainly due to the inventory obsolescence recognized in the first half of 2015.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">22</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Investing Activities</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the six months ended June 30, 2015, net cash used in investing activities was $0.3 million, compared to $4.5 million in the same period 2014.&#160;&#160;The investment spending in the first half of 2015 was much lower compared to the same period in 2014 due to the GMP upgrading related construction and equipment invested in 2014.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There were no financing activities for the six months ended June 30, 2015, and $0.6 million was generated from financing activities for the same period in 2014.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">According to relevant PRC laws, companies registered in the PRC, including our PRC subsidiary, Helpson, are required to allocate at least ten percent (10%) of their after-tax net income, as determined under accounting standards and regulations in the PRC, to statutory surplus reserve accounts until the reserve account balances reach fifty percent (50%) of the companies&#8217; registered capital prior to their remittance of funds out of the PRC.&#160;&#160;Allocations to these reserves and funds can only be used for specific purposes and are not transferrable to the parent company in the form of loans, advances or cash dividends.&#160;&#160;As of June 30, 2015 and December 31, 2014, the net assets of Helpson were $56,501,000 and $124,226,000, respectively.&#160;&#160;Due to the restriction on dividend distribution to overseas shareholders, the amount of Helpson&#8217;s net assets that were designated for general and statutory capital reserves, and thus could not be transferred to our parent company as cash dividends, were $8,182,770 and $8,182,770 (50% of registered capital) on June 30, 2015 and December 31, 2014, respectively.&#160;&#160;Since the amount that Helpson must set aside for the statutory surplus fund only accounts for 14.5% and 6.6%, respectively, of its total net assets, this reserve does not have a major impact on our liquidity.&#160;&#160;There were no allocations to the statutory surplus reserve accounts during the six months ended June 30, 2015.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The PRC government also imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of the PRC.&#160;&#160;Our businesses and assets are primarily denominated in RMB.&#160;&#160;All foreign exchange transactions take place either through the People&#8217;s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People&#8217;s Bank of China.&#160;&#160;Approval of foreign currency payments by the People&#8217;s Bank of China or other regulatory institutions requires submitting a payment application form together with applicable invoices and signed contracts.&#160;&#160;These currency exchange control procedures imposed by the PRC government authorities may restrict the ability of Helpson, our PRC subsidiary, to transfer its net assets to our parent company through loans, advances or cash dividends.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At June 30, 2015, we were obligated to pay laboratories and others approximately $4.2 million over the next four years upon completion of the various phases of contracts to provide CFDA production approval of medical formulas.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Our Chief Executive Officer and interim Chief Financial Officer, evaluated the effectiveness of our &#8220;disclosure controls and procedures&#8221; (as defined in the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) Rules 13a-15(e) or 15d-15(e)) as of the end of the period covered by this quarterly report.&#160;&#160;Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act (a) is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission&#8217;s rules and forms and (b) is accumulated and communicated to management, including our Chief Executive Officer and interim Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.&#160;&#160;Our management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives as described above. Based on this evaluation, our Chief Executive Officer and interim Chief Financial Officer concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective.</font></div>

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<td valign="top" width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date: August 14, 2015</font></td>
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<td valign="top" width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date: August 14, 2015</font></td>
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<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>cphi10qex311063015.htm
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<html>
<head>
    <title>cphi10qex311063015.htm</title>
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</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Exhibit 31.1</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTIFICATION OF</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PRINCIPAL EXECUTIVE OFFICER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURSUANT TO SECTION 302</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OF THE SARBANES-OXLEY ACT OF 2002</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I, Zhilin Li certify that:</font></div>

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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.&#160;&#160;</font></div>
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<td valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">I have reviewed this report on Form 10-Q of China Pharma Holdings, Inc.;</font></div>
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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.&#160;&#160;</font></div>
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<td valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.&#160;&#160;</font></div>
</td>
<td valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div>
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<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.&#160;&#160;</font></div>
</td>
<td valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 45pt"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 45pt"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</font></div>

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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The registrant&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><a name="page_0_3_2"><!--EFPlaceholder--></a>a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date:&#160;&#160;August 14, 2015&#160;</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Zhilin Li</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name: Zhilin Li</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title: Chief Executive Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(principal executive officer)</font></div>
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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>cphi10qex312063015.htm
<TEXT>
<html>
<head>
    <title>cphi10qex312063015.htm</title>
    <!--Licensed to: Securities Transfer Corp-->
    <!--Document Created using EDGARizerAgent 5.5.2.0-->
    <!--Copyright 1995 - 2015 Summit Financial Printing. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Exhibit 31.2</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTIFICATION OF</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PRINCIPAL FINANCIAL OFFICER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURSUANT TO SECTION 302</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OF THE SARBANES-OXLEY ACT OF 2002</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I, Zhilin Li, certify that:</font></div>

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<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.&#160;&#160;</font></div>
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<td align="left" valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">I have reviewed this report on Form 10-Q of China Pharma Holdings, Inc.;</font></div>
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</div>

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</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.&#160;&#160;</font></div>
</td>
<td valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div>
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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="right" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.&#160;&#160;</font></div>
</td>
<td valign="top" width="72%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div>
</td>
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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 45pt"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 45pt"><br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date: August 14, 2015</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Zhilin Li</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 32.1</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">18 U.S.C. SECTION 1350,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AS ADOPTED PURSUANT TO</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The undersigned hereby certifies, in her capacity as the Chief Executive Officer and the Interim Chief Financial Officer of China Pharma Holdings, Inc. (the &#8220;Company&#8221;), for the purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of her knowledge:</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1) &#160;The Company&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2015 (the &#8220;Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2) &#160;The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated:&#160;&#160;August 14, 2015&#160;</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Zhilin Li</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name: Zhilin Li</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(principal executive officer)</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Zhilin Li</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name: Zhilin Li</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title: Interim Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(principal financial officer and principal accounting officer)</font></div>

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</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This certification accompanies each Report pursuant to &#167; 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of &#167;18 of the Securities Exchange Act of 1934, as amended.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.</font></div>
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<TYPE>EX-101.INS
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	<fil:AccountsPayableForPurchasesOfPropertyAndEquipment decimals='INF' contextRef='D140101_140630' unitRef='USD'>35275</fil:AccountsPayableForPurchasesOfPropertyAndEquipment>
	<fil:AccountsReceivableCollectedWithBankerSAcceptances decimals='INF' contextRef='D150101_150630' unitRef='USD'>952353</fil:AccountsReceivableCollectedWithBankerSAcceptances>
	<fil:AccountsReceivableCollectedWithBankerSAcceptances decimals='INF' contextRef='D140101_140630' unitRef='USD'>944624</fil:AccountsReceivableCollectedWithBankerSAcceptances>
	<fil:InventoryPurchasedWithBankerSAcceptances decimals='INF' contextRef='D150101_150630' unitRef='USD'>924000</fil:InventoryPurchasedWithBankerSAcceptances>
	<fil:InventoryPurchasedWithBankerSAcceptances decimals='INF' contextRef='D140101_140630' unitRef='USD'>1235956</fil:InventoryPurchasedWithBankerSAcceptances>
	<fil:AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances decimals='INF' contextRef='D150101_150630' unitRef='USD'>398537</fil:AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances>
	<fil:AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances decimals='INF' contextRef='D140101_140630' unitRef='USD'>0</fil:AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances>
	<us-gaap:InventoryDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 2 &amp;#150; INVENTORY&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Inventory consisted of the following:&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Raw materials&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;17,016,993&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;18,819,570&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Work in process&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Finished goods&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;3,829,807&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;3,436,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;20,846,800&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;22,255,900&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Obsolescence reserve&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(7,222,881&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(6,934,044&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Total Inventory&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;13,623,919&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;15,321,856&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:InventoryDisclosureTextBlock>
	<us-gaap:ScheduleOfInventoryCurrentTableTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Inventory consisted of the following:&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Raw materials&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;17,016,993&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;18,819,570&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Work in process&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Finished goods&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;3,829,807&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;3,436,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;20,846,800&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;22,255,900&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Obsolescence reserve&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(7,222,881&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(6,934,044&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Total Inventory&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;13,623,919&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;15,321,856&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</us-gaap:ScheduleOfInventoryCurrentTableTextBlock>
	<us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Three Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the&amp;nbsp;Six Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Net loss&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,115,352&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(8,642,950&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(12,089,295&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(11,033,443&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Basic weighted-average common shares outstanding&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Effect of dilutive securities:&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Warrants&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Options&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Diluted weighted-average common shares outstanding&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Basic loss per share&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.09&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.20&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.28&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.25&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Diluted loss per share&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.09&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.20&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.28&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.25&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
	<us-gaap:PropertyPlantAndEquipmentTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Property and equipment consisted of the following:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Permit of land use&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;462,600&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,853&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Building&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;11,371,775&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;11,279,704&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Plant, machinery and equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;28,638,117&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;28,358,694&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Motor vehicle&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;258,890&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;150,976&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Office equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;273,348&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;268,521&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Construction in progress&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,896&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,848&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;41,010,626&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;40,522,596&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Less: accumulated depreciation&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(8,413,910&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(6,640,718&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Property and Equipment, net&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;32,596,716&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;33,881,878&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
	<fil:AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;A reconciliation of total interest cost incurred to interest expense as recognized in the consolidated statement of operations is as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Three Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Six Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total interest cost incurred&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;322,422&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;345,626&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;636,197&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;621,841&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Interest cost capitalized&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;232,263&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;452,031&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Interest expense&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;322,422&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;113,363&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;636,197&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;169,810&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</fil:AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock>
	<fil:UsefulLivesOfTheAssetsTableTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;div align=&quot;center&quot;&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;40%&quot; style=&apos;width:40%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:33%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;Asset&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:2%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;Life - years&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Permit of land use&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;40 - 70&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Building&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;20 - 49&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Plant, machinery and equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;5 - 10&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Motor vehicle&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;5 - 10&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Office equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;3-5&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</fil:UsefulLivesOfTheAssetsTableTextBlock>
	<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 3 - PROPERTY AND EQUIPMENT&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Property and equipment consisted of the following:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Permit of land use&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;462,600&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,853&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Building&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;11,371,775&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;11,279,704&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Plant, machinery and equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;28,638,117&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;28,358,694&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Motor vehicle&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;258,890&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;150,976&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Office equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;273,348&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;268,521&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Construction in progress&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,896&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,848&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;41,010,626&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;40,522,596&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Less: accumulated depreciation&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(8,413,910&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(6,640,718&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Property and Equipment, net&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;32,596,716&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;33,881,878&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;A reconciliation of total interest cost incurred to interest expense as recognized in the consolidated statement of operations is as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Three Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Six Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total interest cost incurred&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;322,422&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;345,626&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;636,197&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;621,841&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Interest cost capitalized&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;232,263&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;452,031&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Interest expense&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;322,422&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;113,363&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;636,197&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;169,810&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;div align=&quot;center&quot;&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;40%&quot; style=&apos;width:40%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:33%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;Asset&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:2%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;Life - years&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Permit of land use&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;40 - 70&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Building&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;20 - 49&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Plant, machinery and equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;5 - 10&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Motor vehicle&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;5 - 10&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;33%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Office equipment&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;2%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;3-5&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;For the three and six months ended June 30, 2015 and 2014, depreciation expense was $857,752 and, $201,580, $1,712,237 and $403,489, respectively.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
	<us-gaap:IntangibleAssetsDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 4 - INTANGIBLE ASSETS&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Intangible assets represent the cost of medical formulas approved for production by the China Food and Drug Administration (&amp;#147;CFDA&amp;#148;) in China. During the six months ended June 30, 2015, the Company did not obtain CFDA production approval for any medical formula and therefore there were no costs reclassified from advances to medical formulas.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Approved medical formulas are amortized from the date CFDA approval is obtained over their individually identifiable estimated useful life, which ranges from ten to thirteen years.&amp;nbsp;&amp;nbsp;It is at least reasonably possible that a change in the estimated useful lives of the medical formulas could occur in the near term due to changes in the demand for the drugs and medicines produced from these medical formulas. For the three and six months ended June 30, 2015 and 2014, amortization expense relating to intangible assets was $75,785 and $96,284, $172,511 and $193,330, respectively. Medical formulas typically do not have a residual value at the end of their amortization period.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company evaluates each approved medical formula for impairment at the date of CFDA approval, when indications of impairment are present and at the date of each financial statement. The Company&amp;#146;s evaluation is based on an estimated undiscounted net cash flow model, considering currently available market data for the related drug and the Company&amp;#146;s estimated market share. If the carrying value of the medical formula exceeds the estimated future net cash flows, an impairment loss is recognized for the excess of the carrying value over the discounted estimated future net cash flows. As a result of the evaluation, the Company has determined that each medical formula continues to provide benefits to the Company and no impairment was recognized during the six months ended June 30, 2015 or 2014.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;As of June 30, 2015 and December 31, 2014, intangible assets consisted solely of CFDA approved medical formulas as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Gross carrying amount&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,544,384&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,499,494&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Accumulated amortization&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,389,602&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,182,273&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Net carrying amount&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,154,782&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,317,221&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:IntangibleAssetsDisclosureTextBlock>
	<fil:IntangibleAssetsMedicalFormulasTablesTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;As of June 30, 2015 and December 31, 2014, intangible assets consisted solely of CFDA approved medical formulas as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Gross carrying amount&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,544,384&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;5,499,494&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Accumulated amortization&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,389,602&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,182,273&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;76%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Net carrying amount&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,154,782&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,317,221&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</fil:IntangibleAssetsMedicalFormulasTablesTextBlock>
	<fil:AdvancesForPurchasesOfIntangibleAssetsTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 5 &amp;#150; ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;In order to expand the number of medicines the Company manufactured and marketed, the Company has entered into contracts with independent laboratories for the purchase of medical formulas. Although CFDA approval had not been obtained for certain medical formulas as of the dates of the respective contracts, the objective of the contracts is for the Company to purchase CFDA-approved medical formulas once the CFDA approval process is completed. Some of the medical formulas currently under the CFDA&amp;#146;s review also come with patents. As of June 30, 2015, the Company had received the title to two unexpired patents that relate to medical formulas currently in the CFDA approval process.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Prior to entering into contracts with the Company, laboratories typically are required to complete all&amp;nbsp;&amp;nbsp;research and development to determine the content of the medical formula and the method to produce the generic medicine. The application for CFDA&amp;#146;s production approval must be made by the production facility that will produce the related product. As a result, a contract typically provides that once the Company buys the medical formula from the laboratory, the laboratory is required to assist the Company in applying for and obtaining the production approval from the CFDA.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;A typical CFDA approval process for the production of a generic medical product involves a number of steps that generally require three to five years to complete. If the medical formula is purchased at the point when the generic medical product receives the CFDA&amp;#146;s approval for a clinical study, which is very typical for the Company, the clinical study that follows will usually take from one and a half to three years to complete. After completing the clinical study, the results are submitted to the CFDA and a production approval application is filed with the CFDA. In most cases, it will take between eight to eighteen months to prepare and submit the application and finally obtain the CFDA production approval. Upon approving the generic medical product, the CFDA issues a production certificate and the Company can commence the production and sales of the generic medical product. As a result of this process, CFDA approval is expected to be received in approximately two to five years from the date&amp;nbsp;&amp;nbsp;the Company signs the medical formula contracts.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Under the terms of the contracts, the laboratories are required to assist the Company in obtaining production approval for the medical formulas from the CFDA. Management monitors the status of each medical formula on a regular basis in order to assess whether the laboratories are performing adequately under the contracts. If a medical product is not approved by the CFDA, as evidenced by their issuance of a denial letter, or if the laboratory breaches the contract, the laboratory is required under the contract to provide a refund to the Company of the full amount of the payments made to the laboratory for that formula, or the Company can require the application of those payments to another medical formula with the same laboratory. As a result of the refund right, the Company is ultimately purchasing an approved medical product. Accordingly, payments made prior to the issuance of production approval by the CFDA are recorded as advances for purchases of intangible assets.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;To date, no formula has failed to receive CFDA production approval nor has the Company been informed or become aware of any formula that may fail to receive such approval. However, there is no assurance that the medical products will receive production approval and if the Company does not receive such approval, it will enforce its contractual rights to receive the refund from the laboratory or have the payments applied to another medical formula with the same laboratory.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;As of June 30, 2015, the Company was obliged to pay laboratories and others approximately $4.2 million upon completion of various phases of contracts to provide CFDA production approval of medical formulas.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</fil:AdvancesForPurchasesOfIntangibleAssetsTextBlock>
	<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 6 &amp;#150; RELATED PARTY TRANSACTIONS&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total advances owing to a board member were $1,354,567 as of June 30, 2015 and December 31, 2014, respectively, and are recorded as &amp;#147;other payables &amp;#150; related parties&amp;#148; on the accompanying condensed consolidated balance sheets. The advances bear interest at a rate of 1.0% per year and is payable on December 31, 2015.&amp;nbsp;&amp;nbsp;Total interest expense of $3,386 and $3,386, $6,772 and $6,772 was recognized for the three and six months ended June 30, 2015 and 2014, respectively.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
	<us-gaap:DebtDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 7 &amp;#150; NOTES PAYABLE&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;In November 2014, the Company entered into a line of credit with a bank in the amount of RMB 30,000,000.&amp;nbsp;&amp;nbsp;The amounts advanced under the line of credit are due November 24, 2015. Advances on the line of credit are due one year from the date of the advance and are collateralized by certain land use rights, buildings and accounts receivable and bear interest at an annual rate of 6.16% (based upon 110% of the PRC government&amp;#146;s current short term rate of 5.6%). In addition, the Company&amp;#146;s Chief Executive Officer and Chair of the board of directors personally guaranteed the line of credit.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The outstanding balance due under the revolving line of credit was RMB 30,000,000 as of June 30, 2015 and December 31, 2014 ($4,927,079 as of June 30, 2015 and $4,887,187 as of December 31, 2014).&amp;nbsp;&amp;nbsp;The Company has no additional amounts available to it under this line of credit.&amp;nbsp;&amp;nbsp;This amount has been classified as short-term notes payable in the accompanying condensed consolidated balance sheets at June 30, 2015 and December 31, 2014.&lt;/p&gt;</us-gaap:DebtDisclosureTextBlock>
	<us-gaap:LongTermDebtTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 8 &amp;#150; CONSTRUCTION LOAN FACILITY&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company obtained a construction loan facility in the amount of RMB 80,000,000 (approximately $13.0 million at June 30, 2015) from a construction loan facility dated June 21, 2013. The loan facility is for an eight-year term, which commenced on the initial draw-down date of July 11, 2013, and is from the same bank that currently provides the line of credit as discussed in Note 7.&amp;nbsp;&amp;nbsp;The proceeds of the loan were used for and are collateralized by the construction of the Company&amp;#146;s new production facility and the included production line equipment and machinery. The loan bears interest at 7.205% based upon 110% of the PRC government&amp;#146;s eight-year term rate effective on the actual draw-down date, and is subjected 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.&amp;nbsp;On July 10, 2015 the interest rate was adjusted to 5.94%. &amp;nbsp;The loan requires interest only payments for the first two years. Beginning July 11, 2015, the balance of the principal will be due in annual installments which are due prior to July 10 of the following year over the next six years through July 11, 2021. No principal payments have been made under the facility as of the date of this report on Form 10-Q. As of June 30, 2015, the Company had no additional amounts available to it under this facility.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Principal payments required for the next five years as of June 30, 2015 are as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;div align=&quot;center&quot;&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;40%&quot; style=&apos;width:40%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:82%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Year&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;16%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:16%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Amount&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2015&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,642,360&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2016&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,642,360&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2017&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2018&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2019&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Thereafter&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;13,138,878&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Fair Value of&lt;/i&gt;&lt;/b&gt; &lt;b&gt;&lt;i&gt;Notes Payable and Construction Loan Facility&lt;/i&gt;&lt;/b&gt; &amp;#150; Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the carrying amounts of notes payable and the construction loan facility outstanding as of June 30, 2015 and December 31, 2014 approximated their fair value because of either the immediate or short-term maturity of these financial instruments or because the underlying instruments bear interest rates that approximated current market rates.&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:LongTermDebtTextBlock>
	<us-gaap:ScheduleOfDebtInstrumentsTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Principal payments required for the next five years as of June 30, 2015 are as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;div align=&quot;center&quot;&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;40%&quot; style=&apos;width:40%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:82%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Year&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;16%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:16%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Amount&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2015&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,642,360&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2016&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;1,642,360&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2017&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2018&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;2019&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Thereafter&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;2,463,540&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;82%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;15%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;13,138,878&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
	<fil:IncomeTaxesTableTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Under current tax law in the PRC, the Company is and will be subject to the following enterprise income tax rates:&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;div align=&quot;center&quot;&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;40%&quot; style=&apos;width:40%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Enterprise Income &lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Year&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Tax Rate&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2014&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;15%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2015&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;15%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2016&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;15%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2017&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;25%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</fil:IncomeTaxesTableTextBlock>
	<fil:ProvisionForIncomeTaxesTableTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The provision for income taxes consisted of the following:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Three months ended March 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Six months ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Current&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Deferred&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,428&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,196&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,712&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,543&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Total income tax (benefit) expense&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,428&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,196&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,712&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,543&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</fil:ProvisionForIncomeTaxesTableTextBlock>
	<us-gaap:IncomeTaxDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 9 - INCOME TAXES&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax laws or rates are recognized in operations in the period that includes the enactment date.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Undistributed earnings of Helpson, the Company&amp;#146;s foreign subsidiary, since its acquisition, amounted to approximately $56.5 million at June 30, 2015. Those earnings, as well as the investment in Helpson of approximately $23.3 million, are considered to be indefinitely reinvested and, accordingly, no U.S. federal or state income taxes have been provided thereon. Upon distribution of those earnings in the form of dividends or otherwise, the Company would be subject to U.S. federal and state income taxes (net of an adjustment for foreign tax credits) and withholding taxes payable to the PRC. Determination of the amount of unrecognized deferred U.S. income tax liability is not practicable because of the complexities associated with its hypothetical calculation; however, unrecognized foreign tax credits may be available to reduce a portion of the U.S. tax liability.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Under current tax law in the PRC, the Company is and will be subject to the following enterprise income tax rates:&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;div align=&quot;center&quot;&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;40%&quot; style=&apos;width:40%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Enterprise Income &lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Year&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Tax Rate&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2014&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;15%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2015&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;15%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2016&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;15%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;2017&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;25%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;top&quot; width=&quot;13%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;Thereafter&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;3%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;top&quot; width=&quot;15%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;25%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The provision for income taxes consisted of the following:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Three months ended March 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Six months ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Current&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Deferred&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,428&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,196&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,712&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,543&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Total income tax (benefit) expense&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,428&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(19,196&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,712&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(38,543&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company has net operating loss carry forwards for PRC tax purposes of approximately $14.0 million at June 30, 2015, of which approximately $6.9 million, $4.4 million and $2.7 million is available to offset future taxable income through 2018, 2019 and 2020, respectively.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;In assessing the realizability of deferred tax assets, Management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.&amp;nbsp;&amp;nbsp;The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those differences become deductible or tax loss carry forwards are utilized.&amp;nbsp;&amp;nbsp;Management considers projected future taxable income and tax planning strategies in making this assessment.&amp;nbsp;&amp;nbsp;Based upon an assessment of the level of historical taxable income and projections for future taxable income over the periods on which the deferred tax assets are deductible or can be utilized, Management believes it is not likely the Company will realize all of the benefits of the deferred tax assets as of June 30, 2015 and December 31, 2014.&amp;nbsp;&amp;nbsp;Therefore, the Company has provided for a valuation allowance against its deferred tax assets of $9,655,878 and $8,952,768 as of June 30, 2015 and December 31, 2014, respectively.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company also incurred various other taxes, comprised primarily of business taxes, value-added taxes, urban construction taxes, education surcharges and others. Any unpaid amounts are reflected on the balance sheets as accrued taxes payable.&lt;/p&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
	<us-gaap:FairValueMeasurementInputsDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 10 &amp;#150; FAIR VALUE MEASUREMENTS&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. To measure fair value, a hierarchy has been established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Level 1 &amp;#150; Quoted prices in active markets for identical assets or liabilities;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Level 2 &amp;#150; Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Level 3 &amp;#150; Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company uses fair value to measure the value of the banker&amp;#146;s acceptance notes it holds.&amp;nbsp;&amp;nbsp;The banker&amp;#146;s acceptance notes are recorded at cost which approximates fair value.&amp;nbsp;&amp;nbsp;The Company held the following assets recorded at fair value as of June 30, 2015 and December 31, 2014:&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Fair Value Measurements at&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Reporting Date Using&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30, 2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Banker&apos;s acceptance notes&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Fair Value Measurements at&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Reporting Date Using&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31, 2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Banker&apos;s acceptance notes&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:FairValueMeasurementInputsDisclosureTextBlock>
	<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 11 - STOCKHOLDERS&apos; EQUITY&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Preferred and Common Stock&lt;/i&gt;&lt;/b&gt; &amp;#150; The total number of authorized shares is 95,000,000 shares of common stock and 5,000,000 shares of preferred stock. The preferred stock may be issued in series with such designations, preferences, stated values, rights, qualifications or limitations as determined solely by the Company&amp;#146;s Board of Directors.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Stock and Stock Options&lt;/i&gt;&lt;/b&gt; &amp;#150; On November 12, 2010, the Company&amp;#146;s Board of Directors adopted, and on December 22, 2010, its stockholders approved the Company&amp;#146;s 2010 Incentive Plan (the &amp;#147;Plan&amp;#148;), which gave the Company the ability to grant stock options, restricted stock, stock appreciation rights and performance units to its employees, directors and consultants, or those who will become employees, directors and consultants of the Company and/or its subsidiaries. The Plan currently allows for equity awards of up to 4,000,000 shares of common stock. Through June 30, 2015, there were no options to purchase common stock and 175,000 shares of restricted stock granted and outstanding under the Plan.&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;There were no securities issued from the Plan during the six months ended June 30, 2015 and at June 30, 2015 there was no unrecognized compensation expense related to securities granted under the Plan.&lt;/p&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
	<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 12 &amp;#150; CONTINGENCIES&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Economic environment &lt;/i&gt;&lt;/b&gt;&lt;b&gt;- &lt;/b&gt;Substantially all of the Company&apos;s operations are conducted in the PRC, and therefore the Company is subject to special considerations and significant risks not typically associated with companies operating in the United States of America. These risks include, among others, the political, economic and legal environments and fluctuations in the foreign currency exchange rate. The Company&apos;s results from operations may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The unfavorable changes in global macroeconomic factors may also adversely affect the Company&amp;#146;s operations.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;In addition, all of the Company&apos;s revenue is denominated in the PRC&apos;s currency of Renminbi (RMB), which must be converted into other currencies before remittance out of the PRC. Both the conversion of RMB into foreign currencies and the remittance of foreign currencies abroad require approval of the PRC government.&lt;/p&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
	<us-gaap:ConcentrationRiskDisclosureTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 13 &amp;#150; CONCENTRATIONS&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;At June 30, 2015, two customers accounted for 17.3% and 10.7% of accounts receivable.&amp;nbsp;&amp;nbsp;At December 31, 2014, one customer accounted for 17.7% of accounts receivable.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;For the six months ended June 30, 2015 and 2014, one customer accounted for 12.7% and 15.9% of sales, respectively.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;For the six months ended June 30, 2015 and 2014, purchases from one supplier accounted for 25.7% and 14.4% of raw material purchases, respectively.&lt;/p&gt;</us-gaap:ConcentrationRiskDisclosureTextBlock>
	<fil:AssetsFairValuesTablETextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company uses fair value to measure the value of the banker&amp;#146;s acceptance notes it holds.&amp;nbsp;&amp;nbsp;The banker&amp;#146;s acceptance notes are recorded at cost which approximates fair value.&amp;nbsp;&amp;nbsp;The Company held the following assets recorded at fair value as of June 30, 2015 and December 31, 2014:&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Fair Value Measurements at&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Reporting Date Using&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;June 30, 2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Banker&apos;s acceptance notes&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;90,330&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Fair Value Measurements at&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;34%&quot; colspan=&quot;10&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Reporting Date Using&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;13%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;December 31, 2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;10%&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Banker&apos;s acceptance notes&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;49%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Total&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;12%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;458,233&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</fil:AssetsFairValuesTablETextBlock>
	<us-gaap:NatureOfOperations contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Organization and Nature of Operations &amp;#150;&amp;nbsp;&lt;/i&gt;&lt;/b&gt;China Pharma Holdings, Inc., a Nevada corporation, owns 100% of Onny Investment Limited (&amp;#147;Onny&amp;#148;), a British Virgin Islands corporation, which owns 100% of Hainan Helpson Medical &amp;amp; Biotechnology Co., Ltd (&amp;#147;Helpson&amp;#148;), a company organized under the laws of the People&apos;s Republic of China (the &amp;#147;PRC&amp;#148;). China Pharma Holdings, Inc. and its subsidiaries are referred to herein as the &amp;#147;Company&amp;#148;.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;font style=&apos;background:white&apos;&gt;On December 31, 2012, China Pharma Holdings, Inc consummated a reincorporation merger for the purpose of changing its state of incorporation from Delaware to Nevada pursuant to the terms and conditions of an Agreement and Plan of Merger dated December 27, 2012.&amp;nbsp;&amp;nbsp;The reincorporation merger was approved by stockholders holding the majority of the Company&amp;#146;s outstanding shares of common stock on December 21, 2012.&lt;/font&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Foreign Investment Industrial Catalogue&lt;i&gt;&amp;nbsp;&lt;/i&gt;(the &amp;#147;Catalogue&amp;#148;) jointly issued by China&amp;#146;s Ministry of Commerce and the National Development and Reform Commission (the latest version is the 2015 version, effective April 10, 2015) classified various industries/businesses into three different categories: (i) encouraged for foreign investment; (ii) restricted to foreign investment; and (iii) prohibited from foreign investment. For any industry/business not covered by any of these three categories, they will be deemed industries/businesses permitted for foreign investment. A typical foreign investment ownership restriction in the pharmaceutical industry is that a foreign investment enterprise (the &amp;#147;FIE&amp;#148;) shall not have the whole or majority of its equity interests owned by a foreign owner if the FIE establishes more than 30 branch stores and distributes a variety of brands in those franchise stores, which is not the case for the Company&amp;#146;s business.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Helpson manufactures and markets generic and branded pharmaceutical products as well as biochemical products primarily to hospitals and private retailers located throughout the PRC. The Company believes Helpson&amp;#146;s business is not subject to any ownership restrictions prescribed under the Catalogue. Onny acquired 100% of the ownership in Helpson on May 25, 2005 by entering into an Equity Transfer Agreement with Helpson&amp;#146;s three former shareholders. The transaction was approved by the Commercial Bureau of Hainan Province on June 12, 2005 and Helpson received the Certificate of Approval for Establishing of Enterprises with Foreign Investment in the PRC on the same day and its business license evidencing its WFOE (Wholly Foreign Owned Enterprise) status on June 21, 2005.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company has acquired and continues to acquire well-accepted medical formulas to add to its diverse portfolio of Western and Chinese medicines.&lt;/p&gt;</us-gaap:NatureOfOperations>
	<us-gaap:ConsolidationPolicyTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Consolidation and Basis of Presentation &lt;/i&gt;&lt;/b&gt;&amp;#150; The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&amp;#147;U.S. GAAP&amp;#148;) and are expressed in United States dollars. The accompanying consolidated financial statements include the accounts and operations of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Helpson&amp;#146;s functional currency is the Chinese Renminbi. Helpson&amp;#146;s revenue and expenses are translated into United States dollars at the average exchange rate for the period. Assets and liabilities are translated at the exchange rate as of the end of the reporting period. Gains or losses from translating Helpson&amp;#146;s financial statements are included in accumulated other comprehensive income, which is a component of stockholders&amp;#146; equity. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity that is a party to the transaction are included in the results of operations.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:ConsolidationPolicyTextBlock>
	<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Condensed Financial Statements &lt;/i&gt;&lt;/b&gt;&amp;#150; The accompanying unaudited condensed consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the &amp;#147;Commission&amp;#148;). Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Management of the Company (&amp;#147;Management&amp;#148;) believes the following disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company&apos;s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Commission on March 30, 2015.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;These unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) that, in the opinion of Management, are necessary to present fairly the consolidated financial position and results of operations of the Company for the periods presented. Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:FairValueOfFinancialInstrumentsPolicy>
	<us-gaap:UseOfEstimates contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;b&gt;&lt;i&gt;Accounting Estimates &lt;/i&gt;- &lt;/b&gt;The preparation of financial statements in conformity with&amp;nbsp;U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.&lt;/p&gt;</us-gaap:UseOfEstimates>
	<us-gaap:EarningsPerSharePolicyTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Basic and Diluted Loss per Common Share &lt;/i&gt;&lt;/b&gt;&lt;b&gt;- &lt;/b&gt;Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is calculated to give effect to any potentially issuable dilutive common shares. There were no potentially dilutive common shares outstanding for all periods presented.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Three Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the&amp;nbsp;Six Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Net loss&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,115,352&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(8,642,950&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(12,089,295&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(11,033,443&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Basic weighted-average common shares outstanding&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Effect of dilutive securities:&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Warrants&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Options&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Diluted weighted-average common shares outstanding&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Basic loss per share&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.09&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.20&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.28&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.25&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Diluted loss per share&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.09&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.20&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.28&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.25&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
	<us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock contextRef='D150101_150630'>&lt;!--egx--&gt;&lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;NOTE 1 - BASIS OF PRESENTATION&lt;/b&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Organization and Nature of Operations &amp;#150;&amp;nbsp;&lt;/i&gt;&lt;/b&gt;China Pharma Holdings, Inc., a Nevada corporation, owns 100% of Onny Investment Limited (&amp;#147;Onny&amp;#148;), a British Virgin Islands corporation, which owns 100% of Hainan Helpson Medical &amp;amp; Biotechnology Co., Ltd (&amp;#147;Helpson&amp;#148;), a company organized under the laws of the People&apos;s Republic of China (the &amp;#147;PRC&amp;#148;). China Pharma Holdings, Inc. and its subsidiaries are referred to herein as the &amp;#147;Company&amp;#148;.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;font style=&apos;background:white&apos;&gt;On December 31, 2012, China Pharma Holdings, Inc consummated a reincorporation merger for the purpose of changing its state of incorporation from Delaware to Nevada pursuant to the terms and conditions of an Agreement and Plan of Merger dated December 27, 2012.&amp;nbsp;&amp;nbsp;The reincorporation merger was approved by stockholders holding the majority of the Company&amp;#146;s outstanding shares of common stock on December 21, 2012.&lt;/font&gt;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Foreign Investment Industrial Catalogue&lt;i&gt;&amp;nbsp;&lt;/i&gt;(the &amp;#147;Catalogue&amp;#148;) jointly issued by China&amp;#146;s Ministry of Commerce and the National Development and Reform Commission (the latest version is the 2015 version, effective April 10, 2015) classified various industries/businesses into three different categories: (i) encouraged for foreign investment; (ii) restricted to foreign investment; and (iii) prohibited from foreign investment. For any industry/business not covered by any of these three categories, they will be deemed industries/businesses permitted for foreign investment. A typical foreign investment ownership restriction in the pharmaceutical industry is that a foreign investment enterprise (the &amp;#147;FIE&amp;#148;) shall not have the whole or majority of its equity interests owned by a foreign owner if the FIE establishes more than 30 branch stores and distributes a variety of brands in those franchise stores, which is not the case for the Company&amp;#146;s business.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Helpson manufactures and markets generic and branded pharmaceutical products as well as biochemical products primarily to hospitals and private retailers located throughout the PRC. The Company believes Helpson&amp;#146;s business is not subject to any ownership restrictions prescribed under the Catalogue. Onny acquired 100% of the ownership in Helpson on May 25, 2005 by entering into an Equity Transfer Agreement with Helpson&amp;#146;s three former shareholders. The transaction was approved by the Commercial Bureau of Hainan Province on June 12, 2005 and Helpson received the Certificate of Approval for Establishing of Enterprises with Foreign Investment in the PRC on the same day and its business license evidencing its WFOE (Wholly Foreign Owned Enterprise) status on June 21, 2005.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The Company has acquired and continues to acquire well-accepted medical formulas to add to its diverse portfolio of Western and Chinese medicines.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Consolidation and Basis of Presentation &lt;/i&gt;&lt;/b&gt;&amp;#150; The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&amp;#147;U.S. GAAP&amp;#148;) and are expressed in United States dollars. The accompanying consolidated financial statements include the accounts and operations of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Helpson&amp;#146;s functional currency is the Chinese Renminbi. Helpson&amp;#146;s revenue and expenses are translated into United States dollars at the average exchange rate for the period. Assets and liabilities are translated at the exchange rate as of the end of the reporting period. Gains or losses from translating Helpson&amp;#146;s financial statements are included in accumulated other comprehensive income, which is a component of stockholders&amp;#146; equity. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity that is a party to the transaction are included in the results of operations.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Condensed Financial Statements &lt;/i&gt;&lt;/b&gt;&amp;#150; The accompanying unaudited condensed consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the &amp;#147;Commission&amp;#148;). Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Management of the Company (&amp;#147;Management&amp;#148;) believes the following disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company&apos;s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Commission on March 30, 2015.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;These unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) that, in the opinion of Management, are necessary to present fairly the consolidated financial position and results of operations of the Company for the periods presented. Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;b&gt;&lt;i&gt;Accounting Estimates &lt;/i&gt;- &lt;/b&gt;The preparation of financial statements in conformity with&amp;nbsp;U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&lt;i&gt;Basic and Diluted Loss per Common Share &lt;/i&gt;&lt;/b&gt;&lt;b&gt;- &lt;/b&gt;Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is calculated to give effect to any potentially issuable dilutive common shares. There were no potentially dilutive common shares outstanding for all periods presented.&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:&lt;/p&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt; &lt;table border=&quot;0&quot; cellspacing=&quot;0&quot; cellpadding=&quot;0&quot; width=&quot;100%&quot; style=&apos;width:100%&apos;&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the Three Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;For the&amp;nbsp;Six Months&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;6&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;Ended June 30,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp; &lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; colspan=&quot;2&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;center&quot; style=&apos;text-align:center;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;2014&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Net loss&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(4,115,352&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(8,642,950&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(12,089,295&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(11,033,443&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Basic weighted-average common shares outstanding&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Effect of dilutive securities:&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Warrants&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Options&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;-&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Diluted weighted-average common shares outstanding&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;43,579,557&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Basic loss per share&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.09&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.20&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.28&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.25&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt; &lt;td valign=&quot;bottom&quot; width=&quot;52%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;Diluted loss per share&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.09&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.20&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.28&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;$&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;9%&quot; style=&apos;border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p align=&quot;right&quot; style=&apos;text-align:right;margin:0cm 0cm 0pt&apos;&gt;(0.25&lt;/p&gt;&lt;/td&gt; &lt;td valign=&quot;bottom&quot; width=&quot;1%&quot; style=&apos;border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm&apos;&gt; &lt;p style=&apos;margin:0cm 0cm 0pt&apos;&gt;)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock>
	<fil:PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited decimals='INF' contextRef='E15Q2' unitRef='Pure'>1.0000</fil:PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited>
	<fil:PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1 decimals='INF' contextRef='E15Q2' unitRef='Pure'>1.0000</fil:PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1>
	<fil:PercetageOfAcquiredByOnnyInHelpson decimals='INF' contextRef='I150525' unitRef='Pure'>1.0000</fil:PercetageOfAcquiredByOnnyInHelpson>
	<fil:NetLoss1 decimals='INF' contextRef='Y15Q2' unitRef='USD'>-4115352</fil:NetLoss1>
	<fil:NetLoss1 decimals='INF' contextRef='Y14Q2' unitRef='USD'>-8642950</fil:NetLoss1>
	<fil:NetLoss1 decimals='INF' contextRef='D150101_150630' unitRef='USD'>-12089295</fil:NetLoss1>
	<fil:NetLoss1 decimals='INF' contextRef='D140101_140630' unitRef='USD'>-1103344</fil:NetLoss1>
	<fil:Basicweightedaveragecommonsharesoutstanding1 decimals='INF' contextRef='Y15Q2' unitRef='Shares'>43579557</fil:Basicweightedaveragecommonsharesoutstanding1>
	<fil:Basicweightedaveragecommonsharesoutstanding1 decimals='INF' contextRef='Y14Q2' unitRef='Shares'>43579557</fil:Basicweightedaveragecommonsharesoutstanding1>
	<fil:Basicweightedaveragecommonsharesoutstanding1 decimals='INF' contextRef='D150101_150630' unitRef='Shares'>43579557</fil:Basicweightedaveragecommonsharesoutstanding1>
	<fil:Basicweightedaveragecommonsharesoutstanding1 decimals='INF' contextRef='D140101_140630' unitRef='Shares'>43579557</fil:Basicweightedaveragecommonsharesoutstanding1>
	<fil:Warrants decimals='INF' contextRef='D150101_150630' unitRef='USD'>0</fil:Warrants>
	<fil:Options decimals='INF' contextRef='D150101_150630' unitRef='USD'>0</fil:Options>
	<fil:Dilutedweightedaveragecommonsharesoutstanding2 decimals='INF' contextRef='Y15Q2' unitRef='Shares'>43579557</fil:Dilutedweightedaveragecommonsharesoutstanding2>
	<fil:Dilutedweightedaveragecommonsharesoutstanding2 decimals='INF' contextRef='Y14Q2' unitRef='Shares'>43579557</fil:Dilutedweightedaveragecommonsharesoutstanding2>
	<fil:Dilutedweightedaveragecommonsharesoutstanding2 decimals='INF' contextRef='D150101_150630' unitRef='Shares'>43579557</fil:Dilutedweightedaveragecommonsharesoutstanding2>
	<fil:Dilutedweightedaveragecommonsharesoutstanding2 decimals='INF' contextRef='D140101_140630' unitRef='Shares'>43579557</fil:Dilutedweightedaveragecommonsharesoutstanding2>
	<fil:BasicLossEarningsPerShare decimals='INF' contextRef='Y15Q2' unitRef='UsdPerShare'>-0.09</fil:BasicLossEarningsPerShare>
	<fil:BasicLossEarningsPerShare decimals='INF' contextRef='Y14Q2' unitRef='UsdPerShare'>-0.20</fil:BasicLossEarningsPerShare>
	<fil:BasicLossEarningsPerShare decimals='INF' contextRef='D150101_150630' unitRef='UsdPerShare'>-0.28</fil:BasicLossEarningsPerShare>
	<fil:BasicLossEarningsPerShare decimals='INF' contextRef='D140101_140630' unitRef='UsdPerShare'>-0.25</fil:BasicLossEarningsPerShare>
	<fil:DilutedLossEarningsPerShare decimals='INF' contextRef='Y15Q2' unitRef='UsdPerShare'>-0.09</fil:DilutedLossEarningsPerShare>
	<fil:DilutedLossEarningsPerShare decimals='INF' contextRef='Y14Q2' unitRef='UsdPerShare'>-0.20</fil:DilutedLossEarningsPerShare>
	<fil:DilutedLossEarningsPerShare decimals='INF' contextRef='D150101_150630' unitRef='UsdPerShare'>-0.28</fil:DilutedLossEarningsPerShare>
	<fil:DilutedLossEarningsPerShare decimals='INF' contextRef='D140101_140630' unitRef='UsdPerShare'>-0.25</fil:DilutedLossEarningsPerShare>
	<fil:Rawmaterials1 decimals='INF' contextRef='E15Q2' unitRef='USD'>17016993</fil:Rawmaterials1>
	<fil:Rawmaterials1 decimals='INF' contextRef='E14' unitRef='USD'>18819570</fil:Rawmaterials1>
	<fil:Finishedgoods1 decimals='INF' contextRef='E15Q2' unitRef='USD'>3829807</fil:Finishedgoods1>
	<fil:Finishedgoods1 decimals='INF' contextRef='E14' unitRef='USD'>3436330</fil:Finishedgoods1>
	<fil:InventoryGross1 decimals='INF' contextRef='E15Q2' unitRef='USD'>20846800</fil:InventoryGross1>
	<fil:InventoryGross1 decimals='INF' contextRef='E14' unitRef='USD'>22255900</fil:InventoryGross1>
	<fil:ObsolescenceReserve decimals='INF' contextRef='E15Q2' unitRef='USD'>-7222881</fil:ObsolescenceReserve>
	<fil:ObsolescenceReserve decimals='INF' contextRef='E14' unitRef='USD'>-6934044</fil:ObsolescenceReserve>
	<fil:TotalInventory decimals='INF' contextRef='E15Q2' unitRef='USD'>13623919</fil:TotalInventory>
	<fil:TotalInventory decimals='INF' contextRef='E14' unitRef='USD'>15321856</fil:TotalInventory>
	<fil:PermitOfLandUse decimals='INF' contextRef='E15Q2' unitRef='USD'>462600</fil:PermitOfLandUse>
	<fil:PermitOfLandUse decimals='INF' contextRef='E14' unitRef='USD'>458853</fil:PermitOfLandUse>
	<fil:Building decimals='INF' contextRef='E15Q2' unitRef='USD'>11371775</fil:Building>
	<fil:Building decimals='INF' contextRef='E14' unitRef='USD'>11279704</fil:Building>
	<fil:PlantMachineryAndEquipmentGross decimals='INF' contextRef='E15Q2' unitRef='USD'>28638117</fil:PlantMachineryAndEquipmentGross>
	<fil:PlantMachineryAndEquipmentGross decimals='INF' contextRef='E14' unitRef='USD'>28358694</fil:PlantMachineryAndEquipmentGross>
	<fil:MotorVehicleGross decimals='INF' contextRef='E15Q2' unitRef='USD'>258890</fil:MotorVehicleGross>
	<fil:MotorVehicleGross decimals='INF' contextRef='E14' unitRef='USD'>150976</fil:MotorVehicleGross>
	<fil:OfficeEquipment1 decimals='INF' contextRef='E15Q2' unitRef='USD'>273348</fil:OfficeEquipment1>
	<fil:OfficeEquipment1 decimals='INF' contextRef='E14' unitRef='USD'>268521</fil:OfficeEquipment1>
	<fil:ConstructionInProgress1 decimals='INF' contextRef='E15Q2' unitRef='USD'>5896</fil:ConstructionInProgress1>
	<fil:ConstructionInProgress1 decimals='INF' contextRef='E14' unitRef='USD'>5848</fil:ConstructionInProgress1>
	<fil:TotalPropertyAndEquipment decimals='INF' contextRef='E15Q2' unitRef='USD'>41010626</fil:TotalPropertyAndEquipment>
	<fil:TotalPropertyAndEquipment decimals='INF' contextRef='E14' unitRef='USD'>40522596</fil:TotalPropertyAndEquipment>
	<fil:LessAccumulatedDepreciation decimals='INF' contextRef='E15Q2' unitRef='USD'>-8413910</fil:LessAccumulatedDepreciation>
	<fil:LessAccumulatedDepreciation decimals='INF' contextRef='E14' unitRef='USD'>-6640718</fil:LessAccumulatedDepreciation>
	<fil:PropertyAndEquipmentNet decimals='INF' contextRef='E15Q2' unitRef='USD'>32596716</fil:PropertyAndEquipmentNet>
	<fil:PropertyAndEquipmentNet decimals='INF' contextRef='E14' unitRef='USD'>33881878</fil:PropertyAndEquipmentNet>
	<fil:TotalInterestCostIncurred decimals='INF' contextRef='Y15Q2' unitRef='USD'>322422</fil:TotalInterestCostIncurred>
	<fil:TotalInterestCostIncurred decimals='INF' contextRef='Y14Q2' unitRef='USD'>345626</fil:TotalInterestCostIncurred>
	<fil:TotalInterestCostIncurred decimals='INF' contextRef='D150101_150630' unitRef='USD'>636197</fil:TotalInterestCostIncurred>
	<fil:TotalInterestCostIncurred decimals='INF' contextRef='D140101_140630' unitRef='USD'>621841</fil:TotalInterestCostIncurred>
	<fil:Interestcostcapitalized1 decimals='INF' contextRef='Y14Q2' unitRef='USD'>232263</fil:Interestcostcapitalized1>
	<fil:Interestcostcapitalized1 decimals='INF' contextRef='D140101_140630' unitRef='USD'>452031</fil:Interestcostcapitalized1>
	<fil:InterestExpense1 decimals='INF' contextRef='Y15Q2' unitRef='USD'>322422</fil:InterestExpense1>
	<fil:InterestExpense1 decimals='INF' contextRef='Y14Q2' unitRef='USD'>113363</fil:InterestExpense1>
	<fil:InterestExpense1 decimals='INF' contextRef='D150101_150630' unitRef='USD'>636197</fil:InterestExpense1>
	<fil:InterestExpense1 decimals='INF' contextRef='D140101_140630' unitRef='USD'>169810</fil:InterestExpense1>
	<fil:PermitOfLandUseMinimumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>40</fil:PermitOfLandUseMinimumLife>
	<fil:PermitOfLandUseMaximumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>70</fil:PermitOfLandUseMaximumLife>
	<fil:BuildingMinimumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>20</fil:BuildingMinimumLife>
	<fil:BuildingMaximumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>49</fil:BuildingMaximumLife>
	<fil:PlantMachineryAndEquipmentMinimumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>5</fil:PlantMachineryAndEquipmentMinimumLife>
	<fil:PlantMachineryAndEquipmentMaximumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>10</fil:PlantMachineryAndEquipmentMaximumLife>
	<fil:MotorVehicleMinimumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>5</fil:MotorVehicleMinimumLife>
	<fil:MotorVehicleMaximumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>10</fil:MotorVehicleMaximumLife>
	<fil:OfficeEquipmentMinimumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>3</fil:OfficeEquipmentMinimumLife>
	<fil:OfficeEquipmentMaximumLife decimals='INF' contextRef='E15Q2' unitRef='Pure'>5</fil:OfficeEquipmentMaximumLife>
	<fil:DepreciationExpensePropertyAndEquipment decimals='INF' contextRef='Y15Q2' unitRef='USD'>857752</fil:DepreciationExpensePropertyAndEquipment>
	<fil:DepreciationExpensePropertyAndEquipment decimals='INF' contextRef='Y14Q2' unitRef='USD'>201580</fil:DepreciationExpensePropertyAndEquipment>
	<fil:DepreciationExpensePropertyAndEquipment decimals='INF' contextRef='D150101_150630' unitRef='USD'>1712237</fil:DepreciationExpensePropertyAndEquipment>
	<fil:DepreciationExpensePropertyAndEquipment decimals='INF' contextRef='D140101_140630' unitRef='USD'>403489</fil:DepreciationExpensePropertyAndEquipment>
	<fil:GrossCarryingAmount decimals='INF' contextRef='E15Q2' unitRef='USD'>5544384</fil:GrossCarryingAmount>
	<fil:GrossCarryingAmount decimals='INF' contextRef='E14' unitRef='USD'>5499494</fil:GrossCarryingAmount>
	<fil:AccumulatedAmortization decimals='INF' contextRef='E15Q2' unitRef='USD'>-4389602</fil:AccumulatedAmortization>
	<fil:AccumulatedAmortization decimals='INF' contextRef='E14' unitRef='USD'>-4182273</fil:AccumulatedAmortization>
	<fil:NetCarryingAmount decimals='INF' contextRef='E15Q2' unitRef='USD'>1154782</fil:NetCarryingAmount>
	<fil:NetCarryingAmount decimals='INF' contextRef='E14' unitRef='USD'>1317221</fil:NetCarryingAmount>
	<fil:AmortizationExpensesRelatingToIntangibleAssets decimals='INF' contextRef='Y15Q2' unitRef='USD'>75785</fil:AmortizationExpensesRelatingToIntangibleAssets>
	<fil:AmortizationExpensesRelatingToIntangibleAssets decimals='INF' contextRef='Y14Q2' unitRef='USD'>96284</fil:AmortizationExpensesRelatingToIntangibleAssets>
	<fil:AmortizationExpensesRelatingToIntangibleAssets decimals='INF' contextRef='D150101_150630' unitRef='USD'>172511</fil:AmortizationExpensesRelatingToIntangibleAssets>
	<fil:AmortizationExpensesRelatingToIntangibleAssets decimals='INF' contextRef='D140101_140630' unitRef='USD'>193330</fil:AmortizationExpensesRelatingToIntangibleAssets>
	<fil:CompanyWasObligatedToPayLaboratories decimals='INF' contextRef='E15Q2' unitRef='USD'>4200000</fil:CompanyWasObligatedToPayLaboratories>
	<fil:AdavanceOwingToBoardmember decimals='INF' contextRef='E15Q2' unitRef='USD'>1354567</fil:AdavanceOwingToBoardmember>
	<fil:AdavanceOwingToBoardmember decimals='INF' contextRef='E14' unitRef='USD'>1354567</fil:AdavanceOwingToBoardmember>
	<fil:InterestRateOnAdvancesFromMemberOfBOD decimals='INF' contextRef='E15Q2' unitRef='Pure'>0.0100</fil:InterestRateOnAdvancesFromMemberOfBOD>
	<fil:InterestRateOnAdvancesFromMemberOfBOD decimals='INF' contextRef='E14' unitRef='Pure'>0.0100</fil:InterestRateOnAdvancesFromMemberOfBOD>
	<fil:TotalInterestExpenseRecognizedForThePeriod decimals='INF' contextRef='Y15Q2' unitRef='USD'>3386</fil:TotalInterestExpenseRecognizedForThePeriod>
	<fil:TotalInterestExpenseRecognizedForThePeriod decimals='INF' contextRef='Y14Q2' unitRef='USD'>3386</fil:TotalInterestExpenseRecognizedForThePeriod>
	<fil:TotalInterestExpenseRecognizedForThePeriod decimals='INF' contextRef='D150101_150630' unitRef='USD'>6772</fil:TotalInterestExpenseRecognizedForThePeriod>
	<fil:TotalInterestExpenseRecognizedForThePeriod decimals='INF' contextRef='D140101_140630' unitRef='USD'>6772</fil:TotalInterestExpenseRecognizedForThePeriod>
	<fil:RevolvingLineOfCreditWithABankRmb decimals='INF' contextRef='I141130' unitRef='USD'>30000000</fil:RevolvingLineOfCreditWithABankRmb>
	<fil:AnnualInterestRate decimals='INF' contextRef='I141130' unitRef='Pure'>0.0616</fil:AnnualInterestRate>
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				<link:definition>000370 - Statement - RELATED PARTY TRANSACTIONS OWINGS (DETAILS)</link:definition>
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				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureSCHEDULEOFLONGTERMDEBTINSTRUMENTSTABLES" id="idr_DisclosureSCHEDULEOFLONGTERMDEBTINSTRUMENTSTABLES">
				<link:definition>000240 - Disclosure - SCHEDULE OF LONG - TERM DEBT INSTRUMENTS (TABLES)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureINVENTORY" id="idr_DisclosureINVENTORY">
				<link:definition>000070 - Disclosure - INVENTORY.</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_CONDENSEDCONSOLIDATEDBALANCESHEETSUnaudited" id="idr_CONDENSEDCONSOLIDATEDBALANCESHEETSUnaudited">
				<link:definition>000020 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureFAIRVALUEMEASUREMENTS" id="idr_DisclosureFAIRVALUEMEASUREMENTS">
				<link:definition>000150 - Disclosure - FAIR VALUE MEASUREMENTS</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_AMORTIZATIONEXPENSEDETAILS" id="idr_AMORTIZATIONEXPENSEDETAILS">
				<link:definition>000350 - Statement - AMORTIZATION EXPENSE (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureINVENTORYTABLES" id="idr_DisclosureINVENTORYTABLES">
				<link:definition>000210 - Disclosure - INVENTORY (TABLES)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureCONSTRUCTIONLOANFACILITY" id="idr_DisclosureCONSTRUCTIONLOANFACILITY">
				<link:definition>000130 - Disclosure - CONSTRUCTION LOAN FACILITY.</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureFAIRVALUEMEASUREMENTSTABLES" id="idr_DisclosureFAIRVALUEMEASUREMENTSTABLES">
				<link:definition>000260 - Disclosure - FAIR VALUE MEASUREMENTS (TABLES)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_INVENTORYCONSISTEDOFTHEFOLLOWINGDETAILS" id="idr_INVENTORYCONSISTEDOFTHEFOLLOWINGDETAILS">
				<link:definition>000290 - Statement - INVENTORY CONSISTED OF THE FOLLOWING (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DocumentDocumentAndEntityInformation" id="idr_DocumentDocumentAndEntityInformation">
				<link:definition>000010 - Document - Document and Entity Information</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosurePROPERTYANDEQUIPMENT" id="idr_DisclosurePROPERTYANDEQUIPMENT">
				<link:definition>000080 - Disclosure - PROPERTY AND EQUIPMENT</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureBASISOFPRESENTATION" id="idr_DisclosureBASISOFPRESENTATION">
				<link:definition>000060 - Disclosure - BASIS OF PRESENTATION</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_ASSETSDEPRECIATIONDETAILS" id="idr_ASSETSDEPRECIATIONDETAILS">
				<link:definition>000330 - Statement - ASSETS DEPRECIATION (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureSTOCKHOLDERSEQUITY" id="idr_DisclosureSTOCKHOLDERSEQUITY">
				<link:definition>000160 - Disclosure - STOCKHOLDERS&apos; EQUITY</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_ADVANCESFORPURCHASESOFINTANGIBLEASSETSDETAILS" id="idr_ADVANCESFORPURCHASESOFINTANGIBLEASSETSDETAILS">
				<link:definition>000360 - Statement - ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_CONSOLIDATEDBALANCESHEETSPARENTHETICALS" id="idr_CONSOLIDATEDBALANCESHEETSPARENTHETICALS">
				<link:definition>000030 - Statement - CONSOLIDATED BALANCE SHEETS PARENTHETICALS</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureINCOMETAXESTABLES" id="idr_DisclosureINCOMETAXESTABLES">
				<link:definition>000250 - Disclosure - INCOME TAXES (TABLES)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_RELATEDPARTYTRANSACTIONSMEMBEROFBODDETAILS" id="idr_RELATEDPARTYTRANSACTIONSMEMBEROFBODDETAILS">
				<link:definition>000380 - Statement - RELATED PARTY TRANSACTIONS MEMBER OF BOD (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_NOTESPAYABLESDETAILS" id="idr_NOTESPAYABLESDETAILS">
				<link:definition>000390 - Statement - NOTES PAYABLES (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_INTANGIBLEASSETSCFDAAPPROVEDMEDICALFORMULASDETAILS" id="idr_INTANGIBLEASSETSCFDAAPPROVEDMEDICALFORMULASDETAILS">
				<link:definition>000340 - Statement - INTANGIBLE ASSETS CFDA APPROVED MEDICAL FORMULAS (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_BASICANDDILUTEDEARNINGSPERCOMMONSHAREDetails" id="idr_BASICANDDILUTEDEARNINGSPERCOMMONSHAREDetails">
				<link:definition>000280 - Statement - BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_FAIRVALUEMEASUREMENTSATREPORTINGDATEUSINGDETAILS" id="idr_FAIRVALUEMEASUREMENTSATREPORTINGDATEUSINGDETAILS">
				<link:definition>000450 - Statement - FAIR VALUE MEASUREMENTS AT REPORTING DATE USING (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DisclosureRELATEDPARTYTRANSACTIONS" id="idr_DisclosureRELATEDPARTYTRANSACTIONS">
				<link:definition>000110 - Disclosure - RELATED PARTY TRANSACTIONS</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_PRINCIPALPAYMENTSREQUIREDFORTHENEXTFIVEYEARSAREASFOLLOWSDETAILS" id="idr_PRINCIPALPAYMENTSREQUIREDFORTHENEXTFIVEYEARSAREASFOLLOWSDETAILS">
				<link:definition>000410 - Statement - PRINCIPAL PAYMENTS REQUIRED FOR THE NEXT FIVE YEARS ARE AS FOLLOWS: (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_CONSTRUCTIONLOANFACILITYDETAILS" id="idr_CONSTRUCTIONLOANFACILITYDETAILS">
				<link:definition>000400 - Statement - CONSTRUCTION LOAN FACILITY (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
			</link:roleType>
			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONSANDCOMPREHENSIVELOSSUnaudited" id="idr_CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONSANDCOMPREHENSIVELOSSUnaudited">
				<link:definition>000040 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_INCOMETAXESPROVISIONDETAILS" id="idr_INCOMETAXESPROVISIONDETAILS">
				<link:definition>000430 - Statement - INCOME TAXES PROVISION (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_CONCENTRATIONSDETAILS" id="idr_CONCENTRATIONSDETAILS">
				<link:definition>000480 - Statement - CONCENTRATIONS (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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			<link:roleType roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_PROPERTYANDEQUIPMENTASSETSLIFEDETAILS" id="idr_PROPERTYANDEQUIPMENTASSETSLIFEDETAILS">
				<link:definition>000320 - Statement - PROPERTY AND EQUIPMENT ASSETS LIFE (DETAILS)</link:definition>
				<link:usedOn>link:presentationLink</link:usedOn>
				<link:usedOn>link:definitionLink</link:usedOn>
				<link:usedOn>link:calculationLink</link:usedOn>
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</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>7
<FILENAME>cphi-20150630_cal.xml
<TEXT>
<XBRL>
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<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>8
<FILENAME>cphi-20150630_def.xml
<TEXT>
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	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_PRINCIPALPAYMENTSREQUIREDFORTHENEXTFIVEYEARSAREASFOLLOWSDETAILS"/>
	<link:roleRef roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_INCOMETAXESUNDISTRIBUTEDEARNINGSANDINCOMETAXRATESDETAILS" xlink:type="simple" xlink:href="cphi-20150630.xsd#idr_INCOMETAXESUNDISTRIBUTEDEARNINGSANDINCOMETAXRATESDETAILS"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_INCOMETAXESUNDISTRIBUTEDEARNINGSANDINCOMETAXRATESDETAILS"/>
	<link:roleRef roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_INCOMETAXESPROVISIONDETAILS" xlink:type="simple" xlink:href="cphi-20150630.xsd#idr_INCOMETAXESPROVISIONDETAILS"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_INCOMETAXESPROVISIONDETAILS"/>
	<link:roleRef roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_DEFERREDINCOMETAXASSETSANDLIABILITYDETAILS" xlink:type="simple" xlink:href="cphi-20150630.xsd#idr_DEFERREDINCOMETAXASSETSANDLIABILITYDETAILS"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_DEFERREDINCOMETAXASSETSANDLIABILITYDETAILS"/>
	<link:roleRef roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_FAIRVALUEMEASUREMENTSATREPORTINGDATEUSINGDETAILS" xlink:type="simple" xlink:href="cphi-20150630.xsd#idr_FAIRVALUEMEASUREMENTSATREPORTINGDATEUSINGDETAILS"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_FAIRVALUEMEASUREMENTSATREPORTINGDATEUSINGDETAILS"/>
	<link:roleRef roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_PREFERREDCOMMONSTOCKAND2010STOCKOPTIONPLANDETAILS" xlink:type="simple" xlink:href="cphi-20150630.xsd#idr_PREFERREDCOMMONSTOCKAND2010STOCKOPTIONPLANDETAILS"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_PREFERREDCOMMONSTOCKAND2010STOCKOPTIONPLANDETAILS"/>
	<link:roleRef roleURI="http://www.chinapharmaholdings.com/20150630/role/idr_CONCENTRATIONSDETAILS" xlink:type="simple" xlink:href="cphi-20150630.xsd#idr_CONCENTRATIONSDETAILS"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.chinapharmaholdings.com/20150630/role/idr_CONCENTRATIONSDETAILS"/>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>9
<FILENAME>cphi-20150630_lab.xml
<TEXT>
<XBRL>
<?xml version='1.0' encoding='iso-8859-1'?>
<!-- NeoClarus - iFile Suite version 6.233 -->
<link:linkbase xmlns="http://www.xbrl.org/2003/linkbase"
		xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
		xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"
		xmlns:fil="http://www.chinapharmaholdings.com/20150630"
		xmlns:link="http://www.xbrl.org/2003/linkbase"
		xmlns:xlink="http://www.w3.org/1999/xlink"
		xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
		xmlns:xbrli="http://www.xbrl.org/2003/instance">
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_FAIRVALUEMEASUREMENTSAtReportingDateUsingAbstract' xlink:label='fil_FAIRVALUEMEASUREMENTSAtReportingDateUsingAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FAIRVALUEMEASUREMENTSAtReportingDateUsingAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>FAIR VALUE MEASUREMENTS AT REPORTING DATE USING</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FAIRVALUEMEASUREMENTSAtReportingDateUsingAbstract' xlink:to='lab_fil_FAIRVALUEMEASUREMENTSAtReportingDateUsingAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000' xlink:label='fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Outstanding balance due under revolving line of credit (RMB 30,000,000)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Outstanding balance due under revolving line of credit (RMB 30,000,000)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000' xlink:to='lab_fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_NotesPayablesAbstract' xlink:label='fil_NotesPayablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES PAYABLES:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesPayablesAbstract' xlink:to='lab_fil_NotesPayablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OfficeEquipmentMinimumLife' xlink:label='fil_OfficeEquipmentMinimumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OfficeEquipmentMinimumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Office equipment minimum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OfficeEquipmentMinimumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OfficeEquipmentMinimumLife' xlink:to='lab_fil_OfficeEquipmentMinimumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PlantMachineryAndEquipmentMaximumLife' xlink:label='fil_PlantMachineryAndEquipmentMaximumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PlantMachineryAndEquipmentMaximumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Plant, machinery and equipment maximum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PlantMachineryAndEquipmentMaximumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PlantMachineryAndEquipmentMaximumLife' xlink:to='lab_fil_PlantMachineryAndEquipmentMaximumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IncomeTaxesTablesAbstract' xlink:label='fil_IncomeTaxesTablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxesTablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INCOME TAXES (Tables)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxesTablesAbstract' xlink:to='lab_fil_IncomeTaxesTablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock' xlink:label='fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>A reconciliation of total interest cost incurred to interest expense</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for reconciliation of total interest cost incurred to interest expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock' xlink:to='lab_fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInventoryCurrentTableTextBlock' xlink:label='us-gaap_ScheduleOfInventoryCurrentTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ScheduleOfInventoryCurrentTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory consists</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ScheduleOfInventoryCurrentTableTextBlock' xlink:to='lab_us-gaap_ScheduleOfInventoryCurrentTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityAbstract' xlink:label='us-gaap_EquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>STOCKHOLDERS&apos; EQUITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EquityAbstract' xlink:to='lab_us-gaap_EquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:label='us-gaap_RelatedPartyTransactionsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>RELATED PARTY TRANSACTIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:to='lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract' xlink:label='us-gaap_RelatedPartyTransactionsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RelatedPartyTransactionsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RelatedPartyTransactionsAbstract' xlink:to='lab_us-gaap_RelatedPartyTransactionsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaid' xlink:label='us-gaap_InterestPaid'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InterestPaid' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash paid for interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InterestPaid' xlink:to='lab_us-gaap_InterestPaid'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net Cash Used in Investing Activities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net Cash Used in Investing Activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResearchAndDevelopmentExpense' xlink:label='us-gaap_ResearchAndDevelopmentExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ResearchAndDevelopmentExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Research and development expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ResearchAndDevelopmentExpense' xlink:to='lab_us-gaap_ResearchAndDevelopmentExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues' xlink:label='us-gaap_Revenues'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Revenues' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenue</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Revenues' xlink:to='lab_us-gaap_Revenues'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities' xlink:label='us-gaap_Liabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Liabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Liabilities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Liabilities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total Liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Liabilities' xlink:to='lab_us-gaap_Liabilities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermConstructionLoanCurrentAndNoncurrent' xlink:label='us-gaap_LongtermConstructionLoanCurrentAndNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LongtermConstructionLoanCurrentAndNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current portion of construction loan facility</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LongtermConstructionLoanCurrentAndNoncurrent' xlink:to='lab_us-gaap_LongtermConstructionLoanCurrentAndNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross' xlink:label='us-gaap_PropertyPlantAndEquipmentGross'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PropertyPlantAndEquipmentGross' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property and equipment, net of accumulated depreciation of $8,413,910 and $6,640,718, respectively</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PropertyPlantAndEquipmentGross' xlink:to='lab_us-gaap_PropertyPlantAndEquipmentGross'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat' xlink:label='dei_EntityPublicFloat'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityPublicFloat' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Public Float</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityPublicFloat' xlink:to='lab_dei_EntityPublicFloat'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BankersAcceptanceNotesLevel2' xlink:label='fil_BankersAcceptanceNotesLevel2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotesLevel2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Bankers acceptance notes Level 2</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotesLevel2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes Level 2</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BankersAcceptanceNotesLevel2' xlink:to='lab_fil_BankersAcceptanceNotesLevel2'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OffsetUtureTaxableIncomeForTheYear2018' xlink:label='fil_OffsetUtureTaxableIncomeForTheYear2018'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OffsetUtureTaxableIncomeForTheYear2018' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Offset uture taxable income for the year 2018</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OffsetUtureTaxableIncomeForTheYear2018' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Offset uture taxable income for the year 2018</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OffsetUtureTaxableIncomeForTheYear2018' xlink:to='lab_fil_OffsetUtureTaxableIncomeForTheYear2018'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AnnualInterestRate' xlink:label='fil_AnnualInterestRate'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AnnualInterestRate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Annual interest rate</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AnnualInterestRate' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Annual interest rate</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AnnualInterestRate' xlink:to='lab_fil_AnnualInterestRate'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ConstructionInProgress1' xlink:label='fil_ConstructionInProgress1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConstructionInProgress1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Construction in progress</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConstructionInProgress1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ConstructionInProgress1' xlink:to='lab_fil_ConstructionInProgress1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Options' xlink:label='fil_Options'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Options' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Options</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Options' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of options.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Options' xlink:to='lab_fil_Options'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_NetLoss1' xlink:label='fil_NetLoss1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetLoss1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetLoss1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>NetLoss1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetLoss1' xlink:to='lab_fil_NetLoss1'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock' xlink:label='us-gaap_ScheduleOfDebtInstrumentsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Schedule of Long-term Debt Instruments</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ScheduleOfDebtInstrumentsTextBlock' xlink:to='lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract' xlink:label='us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Supplemental Noncash Investing and Financing Activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract' xlink:to='lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_CashAndCashEquivalentsAtBeginningOfPeriod' xlink:label='fil_CashAndCashEquivalentsAtBeginningOfPeriod'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CashAndCashEquivalentsAtBeginningOfPeriod' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash and Cash Equivalents at Beginning of Period</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CashAndCashEquivalentsAtBeginningOfPeriod' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CashAndCashEquivalentsAtBeginningOfPeriod' xlink:to='lab_fil_CashAndCashEquivalentsAtBeginningOfPeriod'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net Cash Provided by Financing Activity</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net Cash Provided by Financing Activity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:label='us-gaap_IncreaseDecreaseInPrepaidExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Prepaid expenses {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Prepaid expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:to='lab_us-gaap_IncreaseDecreaseInPrepaidExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDepositOtherAssets' xlink:label='us-gaap_IncreaseDecreaseInDepositOtherAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInDepositOtherAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances to suppliers {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInDepositOtherAssets' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Advances to suppliers</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInDepositOtherAssets' xlink:to='lab_us-gaap_IncreaseDecreaseInDepositOtherAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SellingExpense' xlink:label='us-gaap_SellingExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SellingExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Selling expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SellingExpense' xlink:to='lab_us-gaap_SellingExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract' xlink:label='us-gaap_OperatingExpensesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Operating expenses:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='lab_us-gaap_OperatingExpensesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare' xlink:label='us-gaap_PreferredStockParOrStatedValuePerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockParOrStatedValuePerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock, par or stated value</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockParOrStatedValuePerShare' xlink:to='lab_us-gaap_PreferredStockParOrStatedValuePerShare'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AllowanceForDoubtfulAccountsOnOtherReceivables' xlink:label='fil_AllowanceForDoubtfulAccountsOnOtherReceivables'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AllowanceForDoubtfulAccountsOnOtherReceivables' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Allowance for doubtful accounts on other receivables</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AllowanceForDoubtfulAccountsOnOtherReceivables' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>A valuation allowance for other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AllowanceForDoubtfulAccountsOnOtherReceivables' xlink:to='lab_fil_AllowanceForDoubtfulAccountsOnOtherReceivables'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:label='us-gaap_IntangibleAssetsNetExcludingGoodwill'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Intangible assets, net of accumulated amortization of $4,389,602 and $4,186,273, respectively</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:to='lab_us-gaap_IntangibleAssetsNetExcludingGoodwill'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PrepaidExpenseCurrent' xlink:label='us-gaap_PrepaidExpenseCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PrepaidExpenseCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Prepaid expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PrepaidExpenseCurrent' xlink:to='lab_us-gaap_PrepaidExpenseCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus' xlink:label='dei_DocumentFiscalPeriodFocus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentFiscalPeriodFocus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Fiscal Period Focus</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentFiscalPeriodFocus' xlink:to='lab_dei_DocumentFiscalPeriodFocus'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PercentageOfNoCustomerAccountedForMoreThanSales' xlink:label='fil_PercentageOfNoCustomerAccountedForMoreThanSales'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfNoCustomerAccountedForMoreThanSales' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Customer accounted for sales</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfNoCustomerAccountedForMoreThanSales' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Percentage of no customer accounted for more than sales</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PercentageOfNoCustomerAccountedForMoreThanSales' xlink:to='lab_fil_PercentageOfNoCustomerAccountedForMoreThanSales'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_DeferredIncomeTaxAssetsAndLiabilityAbstract' xlink:label='fil_DeferredIncomeTaxAssetsAndLiabilityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredIncomeTaxAssetsAndLiabilityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred Income Tax Assets And Liability</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DeferredIncomeTaxAssetsAndLiabilityAbstract' xlink:to='lab_fil_DeferredIncomeTaxAssetsAndLiabilityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AmortizationExpensesRelatingToIntangibleAssets' xlink:label='fil_AmortizationExpensesRelatingToIntangibleAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AmortizationExpensesRelatingToIntangibleAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amortization expenses relating to intangible assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AmortizationExpensesRelatingToIntangibleAssets' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amortization computed on the basis of physical units, with oil and gas converted to a common unit of measure on the basis of their approximate relative energy content.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AmortizationExpensesRelatingToIntangibleAssets' xlink:to='lab_fil_AmortizationExpensesRelatingToIntangibleAssets'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AssetsDepreciationAbstract' xlink:label='fil_AssetsDepreciationAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AssetsDepreciationAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Assets Depreciation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AssetsDepreciationAbstract' xlink:to='lab_fil_AssetsDepreciationAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BuildingMaximumLife' xlink:label='fil_BuildingMaximumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BuildingMaximumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Building maximum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BuildingMaximumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BuildingMaximumLife' xlink:to='lab_fil_BuildingMaximumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InterestExpense1' xlink:label='fil_InterestExpense1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestExpense1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest expense,</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestExpense1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The cost of borrowed funds accounted for as interest that was charged against earnings during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestExpense1' xlink:to='lab_fil_InterestExpense1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IntangibleAssetsMedicalFormulasTablesTextBlock' xlink:label='fil_IntangibleAssetsMedicalFormulasTablesTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IntangibleAssetsMedicalFormulasTablesTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Intangible Assets Medical Formulas</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IntangibleAssetsMedicalFormulasTablesTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabluar disclosure of Intangible Assets Medical Formulas</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IntangibleAssetsMedicalFormulasTablesTextBlock' xlink:to='lab_fil_IntangibleAssetsMedicalFormulasTablesTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash Flows from Investing Activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:label='us-gaap_IncreaseDecreaseInAccruedLiabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other payables and accrued expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:to='lab_us-gaap_IncreaseDecreaseInAccruedLiabilities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment' xlink:label='us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accumulated depreciation on property and equipment</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment' xlink:to='lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital' xlink:label='us-gaap_AdditionalPaidInCapital'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AdditionalPaidInCapital' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Additional paid-in capital</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AdditionalPaidInCapital' xlink:to='lab_us-gaap_AdditionalPaidInCapital'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:label='us-gaap_DeferredTaxLiabilitiesNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Long-term deferred tax liability</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:to='lab_us-gaap_DeferredTaxLiabilitiesNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsReceivableNetCurrent' xlink:label='us-gaap_AccountsReceivableNetCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsReceivableNetCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Trade accounts receivable, less allowance for doubtful accounts of $42,844,045 and $33,350,109, respectively</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsReceivableNetCurrent' xlink:to='lab_us-gaap_AccountsReceivableNetCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers' xlink:label='dei_EntityVoluntaryFilers'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityVoluntaryFilers' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Voluntary Filers</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityVoluntaryFilers' xlink:to='lab_dei_EntityVoluntaryFilers'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BankersAcceptanceNotes' xlink:label='fil_BankersAcceptanceNotes'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotes' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Bankers acceptance notes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotes' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes,</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BankersAcceptanceNotes' xlink:to='lab_fil_BankersAcceptanceNotes'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_UndistributedEarningsOfHelpson' xlink:label='fil_UndistributedEarningsOfHelpson'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UndistributedEarningsOfHelpson' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Undistributed earnings of Helpson</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UndistributedEarningsOfHelpson' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Earnings of Helpson is not distributed during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UndistributedEarningsOfHelpson' xlink:to='lab_fil_UndistributedEarningsOfHelpson'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IncomeTaxesUndistributedEarningsAbstract' xlink:label='fil_IncomeTaxesUndistributedEarningsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxesUndistributedEarningsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income Taxes Undistributed Earnings</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxesUndistributedEarningsAbstract' xlink:to='lab_fil_IncomeTaxesUndistributedEarningsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalInterestExpenseRecognizedForThePeriod' xlink:label='fil_TotalInterestExpenseRecognizedForThePeriod'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalInterestExpenseRecognizedForThePeriod' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total interest expense recognized for the period</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalInterestExpenseRecognizedForThePeriod' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total interest expense recognized for the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalInterestExpenseRecognizedForThePeriod' xlink:to='lab_fil_TotalInterestExpenseRecognizedForThePeriod'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_GrossCarryingAmount' xlink:label='fil_GrossCarryingAmount'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GrossCarryingAmount' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gross carrying amount</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GrossCarryingAmount' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gross carrying amount</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GrossCarryingAmount' xlink:to='lab_fil_GrossCarryingAmount'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IntangibleAssetsCfdaApprovedMedicalFormulasDetailsAbstract' xlink:label='fil_IntangibleAssetsCfdaApprovedMedicalFormulasDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IntangibleAssetsCfdaApprovedMedicalFormulasDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INTANGIBLE ASSETS CFDA APPROVED MEDICAL FORMULAS (DETAILS)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IntangibleAssetsCfdaApprovedMedicalFormulasDetailsAbstract' xlink:to='lab_fil_IntangibleAssetsCfdaApprovedMedicalFormulasDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalInterestCostIncurred' xlink:label='fil_TotalInterestCostIncurred'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalInterestCostIncurred' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total interest cost incurred</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalInterestCostIncurred' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TotalInterestCostIncurred</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalInterestCostIncurred' xlink:to='lab_fil_TotalInterestCostIncurred'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_EffectOfDilutiveSecuritiesAbstract' xlink:label='fil_EffectOfDilutiveSecuritiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EffectOfDilutiveSecuritiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Effect of dilutive securities:</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EffectOfDilutiveSecuritiesAbstract' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. [Abstract]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EffectOfDilutiveSecuritiesAbstract' xlink:to='lab_fil_EffectOfDilutiveSecuritiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AssetsFairValuesTablETextBlock' xlink:label='fil_AssetsFairValuesTablETextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AssetsFairValuesTablETextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Assets Fair Value</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AssetsFairValuesTablETextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure of assets vair value.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AssetsFairValuesTablETextBlock' xlink:to='lab_fil_AssetsFairValuesTablETextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations' xlink:label='us-gaap_NatureOfOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NatureOfOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Organization and Nature of Operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NatureOfOperations' xlink:to='lab_us-gaap_NatureOfOperations'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosuresAbstract' xlink:label='us-gaap_FairValueDisclosuresAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_FairValueDisclosuresAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>FAIR VALUE MEASUREMENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_FairValueDisclosuresAbstract' xlink:to='lab_us-gaap_FairValueDisclosuresAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract' xlink:label='us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INTANGIBLE ASSETS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract' xlink:to='lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableTrade' xlink:label='us-gaap_IncreaseDecreaseInAccountsPayableTrade'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccountsPayableTrade' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Trade accounts payable.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccountsPayableTrade' xlink:to='lab_us-gaap_IncreaseDecreaseInAccountsPayableTrade'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:label='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loss before income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue' xlink:label='us-gaap_CommonStockValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares outstanding, respectively</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockValue' xlink:to='lab_us-gaap_CommonStockValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityAbstract' xlink:label='us-gaap_StockholdersEquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Stockholders&apos; Equity:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='lab_us-gaap_StockholdersEquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryNet' xlink:label='us-gaap_InventoryNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory, less allowance for obsolescence of $7,222,881 and $6,934,044, respectively</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryNet' xlink:to='lab_us-gaap_InventoryNet'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_CommonSharesAuthorized' xlink:label='fil_CommonSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommonSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common shares authorized</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommonSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum number of common shares permitted to be issued by an entity&apos;s charter and bylaws.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CommonSharesAuthorized' xlink:to='lab_fil_CommonSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_CurrentTaxProvision' xlink:label='fil_CurrentTaxProvision'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CurrentTaxProvision' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current tax provision</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CurrentTaxProvision' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CurrentTaxProvision' xlink:to='lab_fil_CurrentTaxProvision'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_EnterpriseIncomeTaxRatesForTheYear2015' xlink:label='fil_EnterpriseIncomeTaxRatesForTheYear2015'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2015' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Enterprise Income Tax Rates for the year 2015</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2015' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>EnterpriseIncomeTaxRatesForTheYear2015</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EnterpriseIncomeTaxRatesForTheYear2015' xlink:to='lab_fil_EnterpriseIncomeTaxRatesForTheYear2015'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPayments2018' xlink:label='fil_PrincipalPayments2018'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2018' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal Payments 2018</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2018' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of the total principal payments made during the annual reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPayments2018' xlink:to='lab_fil_PrincipalPayments2018'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PropertyAndEquipmentNet' xlink:label='fil_PropertyAndEquipmentNet'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyAndEquipmentNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property and Equipment, net</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyAndEquipmentNet' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyAndEquipmentNet' xlink:to='lab_fil_PropertyAndEquipmentNet'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_LessAccumulatedDepreciation' xlink:label='fil_LessAccumulatedDepreciation'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LessAccumulatedDepreciation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Less: accumulated depreciation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LessAccumulatedDepreciation' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LessAccumulatedDepreciation' xlink:to='lab_fil_LessAccumulatedDepreciation'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1' xlink:label='fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Percentage of share owned by China Pharma Holdings Inc of Helpson Medical &amp; Biotechnology Co., Ltd.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1' xlink:to='lab_fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfHelpsonMedicalAmpBiotechnologyCoLtd1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PropertyAndEquipmentTablesAbstract' xlink:label='fil_PropertyAndEquipmentTablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyAndEquipmentTablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>PROPERTY AND EQUIPMENT (Tables)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyAndEquipmentTablesAbstract' xlink:to='lab_fil_PropertyAndEquipmentTablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock' xlink:label='us-gaap_EarningsPerSharePolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerSharePolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basic and Diluted (Loss) Earnings per Common Share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerSharePolicyTextBlock' xlink:to='lab_us-gaap_EarningsPerSharePolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AccountingPoliciesPoliciesAbstract' xlink:label='fil_AccountingPoliciesPoliciesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountingPoliciesPoliciesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ACCOUNTING POLICIES (POLICIES)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AccountingPoliciesPoliciesAbstract' xlink:to='lab_fil_AccountingPoliciesPoliciesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryDisclosureAbstract' xlink:label='us-gaap_InventoryDisclosureAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryDisclosureAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INVENTORY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryDisclosureAbstract' xlink:to='lab_us-gaap_InventoryDisclosureAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AccountsReceivableCollectedWithBankerSAcceptances' xlink:label='fil_AccountsReceivableCollectedWithBankerSAcceptances'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountsReceivableCollectedWithBankerSAcceptances' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accounts receivable collected with banker&apos;s acceptances</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountsReceivableCollectedWithBankerSAcceptances' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Accounts receivable collected with banker&apos;s acceptances</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AccountsReceivableCollectedWithBankerSAcceptances' xlink:to='lab_fil_AccountsReceivableCollectedWithBankerSAcceptances'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:label='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net (Decrease) Increase in Cash and Cash Equivalents</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:to='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax' xlink:label='us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other comprehensive income (loss) - foreign currency translation adjustment</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax' xlink:to='lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_LoanInterestForAnEightYearTerm' xlink:label='fil_LoanInterestForAnEightYearTerm'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanInterestForAnEightYearTerm' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loan interest for an eight-year term</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanInterestForAnEightYearTerm' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Loan interest for an eight-year term</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LoanInterestForAnEightYearTerm' xlink:to='lab_fil_LoanInterestForAnEightYearTerm'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_RevolvingLineOfCreditWithABankRmb' xlink:label='fil_RevolvingLineOfCreditWithABankRmb'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RevolvingLineOfCreditWithABankRmb' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revolving line of credit with a bank (RMB)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RevolvingLineOfCreditWithABankRmb' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank&apos;s commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RevolvingLineOfCreditWithABankRmb' xlink:to='lab_fil_RevolvingLineOfCreditWithABankRmb'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_MotorVehicleMinimumLife' xlink:label='fil_MotorVehicleMinimumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_MotorVehicleMinimumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Motor vehicle minimum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_MotorVehicleMinimumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_MotorVehicleMinimumLife' xlink:to='lab_fil_MotorVehicleMinimumLife'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryWorkInProcess' xlink:label='us-gaap_InventoryWorkInProcess'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryWorkInProcess' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Work in process</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryWorkInProcess' xlink:to='lab_us-gaap_InventoryWorkInProcess'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Rawmaterials1' xlink:label='fil_Rawmaterials1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Rawmaterials1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Raw materials</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Rawmaterials1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Rawmaterials1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Rawmaterials1' xlink:to='lab_fil_Rawmaterials1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IncomeTaxesTableTextBlock' xlink:label='fil_IncomeTaxesTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxesTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Taxes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxesTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabluar disclosure of Provision For Income Taxes.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxesTableTextBlock' xlink:to='lab_fil_IncomeTaxesTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ScheduleOfLongTermDebtInstrumentsAbstract' xlink:label='fil_ScheduleOfLongTermDebtInstrumentsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfLongTermDebtInstrumentsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Schedule of Long-term Debt Instruments:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfLongTermDebtInstrumentsAbstract' xlink:to='lab_fil_ScheduleOfLongTermDebtInstrumentsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock' xlink:label='us-gaap_PropertyPlantAndEquipmentTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PropertyPlantAndEquipmentTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property and equipment consists</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PropertyPlantAndEquipmentTextBlock' xlink:to='lab_us-gaap_PropertyPlantAndEquipmentTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInCustomerAdvances' xlink:label='us-gaap_IncreaseDecreaseInCustomerAdvances'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInCustomerAdvances' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances from customers.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInCustomerAdvances' xlink:to='lab_us-gaap_IncreaseDecreaseInCustomerAdvances'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InventoryObsolescenceReserve' xlink:label='fil_InventoryObsolescenceReserve'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryObsolescenceReserve' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory obsolencence reserve</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryObsolescenceReserve' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Inventory obsolescence reserve</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InventoryObsolescenceReserve' xlink:to='lab_fil_InventoryObsolescenceReserve'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash Flows from Operating Activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract' xlink:label='us-gaap_EarningsPerShareAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loss per share:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareAbstract' xlink:to='lab_us-gaap_EarningsPerShareAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized' xlink:label='us-gaap_CommonStockSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, shares authorized</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesAuthorized' xlink:to='lab_us-gaap_CommonStockSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableTradeCurrent' xlink:label='us-gaap_AccountsPayableTradeCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsPayableTradeCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Trade accounts payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsPayableTradeCurrent' xlink:to='lab_us-gaap_AccountsPayableTradeCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets' xlink:label='us-gaap_Assets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Assets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TOTAL ASSETS</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Assets' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>TOTAL ASSETS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Assets' xlink:to='lab_us-gaap_Assets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName' xlink:label='dei_EntityRegistrantName'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityRegistrantName' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Registrant Name</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityRegistrantName' xlink:to='lab_dei_EntityRegistrantName'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalLevel2' xlink:label='fil_TotalLevel2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLevel2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Level 2</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLevel2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes Level 2 total</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalLevel2' xlink:to='lab_fil_TotalLevel2'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OffsetFutureTaxableIncomeForTheYear2019' xlink:label='fil_OffsetFutureTaxableIncomeForTheYear2019'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OffsetFutureTaxableIncomeForTheYear2019' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Offset future taxable income for the year 2019</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OffsetFutureTaxableIncomeForTheYear2019' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Offset future taxable income for the year 2019</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OffsetFutureTaxableIncomeForTheYear2019' xlink:to='lab_fil_OffsetFutureTaxableIncomeForTheYear2019'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPayments2015' xlink:label='fil_PrincipalPayments2015'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2015' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal Payments 2015</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2015' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of the total principal payments made during the annual reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPayments2015' xlink:to='lab_fil_PrincipalPayments2015'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_RelatedPartyTransactionMemberOwingsAbstract' xlink:label='fil_RelatedPartyTransactionMemberOwingsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyTransactionMemberOwingsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS OWINGS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RelatedPartyTransactionMemberOwingsAbstract' xlink:to='lab_fil_RelatedPartyTransactionMemberOwingsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_CompanyWasObligatedToPayLaboratories' xlink:label='fil_CompanyWasObligatedToPayLaboratories'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CompanyWasObligatedToPayLaboratories' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Company was obligated to pay laboratories</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CompanyWasObligatedToPayLaboratories' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>CompanyWasObligatedToPayLaboratories</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CompanyWasObligatedToPayLaboratories' xlink:to='lab_fil_CompanyWasObligatedToPayLaboratories'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PlantMachineryAndEquipmentMinimumLife' xlink:label='fil_PlantMachineryAndEquipmentMinimumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PlantMachineryAndEquipmentMinimumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Plant, machinery and equipment minimum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PlantMachineryAndEquipmentMinimumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Plant, machinery and equipment minimum life</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PlantMachineryAndEquipmentMinimumLife' xlink:to='lab_fil_PlantMachineryAndEquipmentMinimumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PermitOfLandUse' xlink:label='fil_PermitOfLandUse'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PermitOfLandUse' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Permit of land use</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PermitOfLandUse' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of permit of land use as on the date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PermitOfLandUse' xlink:to='lab_fil_PermitOfLandUse'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock' xlink:label='us-gaap_FairValueMeasurementInputsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_FairValueMeasurementInputsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>FAIR VALUE MEASUREMENTS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_FairValueMeasurementInputsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>FAIR VALUE MEASUREMENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_FairValueMeasurementInputsDisclosureTextBlock' xlink:to='lab_us-gaap_FairValueMeasurementInputsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock' xlink:label='us-gaap_DebtDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DebtDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES PAYABLES {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DebtDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>NOTES PAYABLES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DebtDisclosureTextBlock' xlink:to='lab_us-gaap_DebtDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_NotesPayable1Abstract' xlink:label='fil_NotesPayable1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayable1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES PAYABLES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesPayable1Abstract' xlink:to='lab_fil_NotesPayable1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock' xlink:label='us-gaap_IntangibleAssetsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IntangibleAssetsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INTANGIBLE ASSETS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IntangibleAssetsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>INTANGIBLE ASSETS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IntangibleAssetsDisclosureTextBlock' xlink:to='lab_us-gaap_IntangibleAssetsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_CashAndCashEquivalentsAtEndOfPeriod' xlink:label='fil_CashAndCashEquivalentsAtEndOfPeriod'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CashAndCashEquivalentsAtEndOfPeriod' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash and Cash Equivalents at End of Period</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CashAndCashEquivalentsAtEndOfPeriod' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CashAndCashEquivalentsAtEndOfPeriod' xlink:to='lab_fil_CashAndCashEquivalentsAtEndOfPeriod'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss' xlink:label='us-gaap_NetIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net loss</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetIncomeLoss' xlink:to='lab_us-gaap_NetIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense' xlink:label='us-gaap_GeneralAndAdministrativeExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GeneralAndAdministrativeExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>General and administrative expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GeneralAndAdministrativeExpense' xlink:to='lab_us-gaap_GeneralAndAdministrativeExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryWriteDown' xlink:label='us-gaap_InventoryWriteDown'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryWriteDown' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory obsolescence</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryWriteDown' xlink:to='lab_us-gaap_InventoryWriteDown'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized' xlink:label='us-gaap_PreferredStockSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock, shares authorized</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockSharesAuthorized' xlink:to='lab_us-gaap_PreferredStockSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization' xlink:label='us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accumulated amortization on intangible assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization' xlink:to='lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract' xlink:label='us-gaap_LiabilitiesNoncurrentAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesNoncurrentAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Non-current Liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesNoncurrentAbstract' xlink:to='lab_us-gaap_LiabilitiesNoncurrentAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsAndOtherReceivablesNetCurrent' xlink:label='us-gaap_AccountsAndOtherReceivablesNetCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsAndOtherReceivablesNetCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other receivables, less allowance for doubtful accounts of $81,605 and $60,325, respectively</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsAndOtherReceivablesNetCurrent' xlink:to='lab_us-gaap_AccountsAndOtherReceivablesNetCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract' xlink:label='us-gaap_AssetsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ASSETS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsAbstract' xlink:to='lab_us-gaap_AssetsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate' xlink:label='dei_CurrentFiscalYearEndDate'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_CurrentFiscalYearEndDate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Fiscal Year End Date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_CurrentFiscalYearEndDate' xlink:to='lab_dei_CurrentFiscalYearEndDate'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ValuationAllowanceAgainstDeferredTaxAssets' xlink:label='fil_ValuationAllowanceAgainstDeferredTaxAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ValuationAllowanceAgainstDeferredTaxAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Valuation allowance against deferred tax assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ValuationAllowanceAgainstDeferredTaxAssets' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of the valuation allowance recorded as of the balance sheet date pertaining to the specified deferred tax asset for which an assessment was made that it is more likely than not that all or a portion of such deferred tax asset will not be realized through related deductions on future tax returns.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ValuationAllowanceAgainstDeferredTaxAssets' xlink:to='lab_fil_ValuationAllowanceAgainstDeferredTaxAssets'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_DepreciationExpensePropertyAndEquipment' xlink:label='fil_DepreciationExpensePropertyAndEquipment'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DepreciationExpensePropertyAndEquipment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation Expense property and equipment</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DepreciationExpensePropertyAndEquipment' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Depreciation Expense property and equipment</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DepreciationExpensePropertyAndEquipment' xlink:to='lab_fil_DepreciationExpensePropertyAndEquipment'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PermitOfLandUseMaximumLife' xlink:label='fil_PermitOfLandUseMaximumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PermitOfLandUseMaximumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Permit of land use maximum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PermitOfLandUseMaximumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PermitOfLandUseMaximumLife' xlink:to='lab_fil_PermitOfLandUseMaximumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalInventory' xlink:label='fil_TotalInventory'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalInventory' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Inventory</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalInventory' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalInventory' xlink:to='lab_fil_TotalInventory'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Dilutedweightedaveragecommonsharesoutstanding2' xlink:label='fil_Dilutedweightedaveragecommonsharesoutstanding2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Dilutedweightedaveragecommonsharesoutstanding2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Diluted weighted-average common shares outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Dilutedweightedaveragecommonsharesoutstanding2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>DilutedWeightedAverageCommonSharesOutstanding2</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Dilutedweightedaveragecommonsharesoutstanding2' xlink:to='lab_fil_Dilutedweightedaveragecommonsharesoutstanding2'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy' xlink:label='us-gaap_FairValueOfFinancialInstrumentsPolicy'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_FairValueOfFinancialInstrumentsPolicy' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Condensed Financial Statements</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_FairValueOfFinancialInstrumentsPolicy' xlink:to='lab_us-gaap_FairValueOfFinancialInstrumentsPolicy'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract' xlink:label='us-gaap_PropertyPlantAndEquipmentAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PropertyPlantAndEquipmentAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>PROPERTY AND EQUIPMENT</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PropertyPlantAndEquipmentAbstract' xlink:to='lab_us-gaap_PropertyPlantAndEquipmentAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AccountsPayableForPurchasesOfPropertyAndEquipment' xlink:label='fil_AccountsPayableForPurchasesOfPropertyAndEquipment'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountsPayableForPurchasesOfPropertyAndEquipment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accounts payable for purchases of property and equipment</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountsPayableForPurchasesOfPropertyAndEquipment' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Accounts receivable collected with banker&apos;s acceptances</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AccountsPayableForPurchasesOfPropertyAndEquipment' xlink:to='lab_fil_AccountsPayableForPurchasesOfPropertyAndEquipment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents' xlink:label='us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Effect of Exchange Rate Changes on Cash</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents' xlink:to='lab_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash Flows from Financing Activity:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:label='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Changes in assets and liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent' xlink:label='us-gaap_AccruedLiabilitiesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccruedLiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccruedLiabilitiesCurrent' xlink:to='lab_us-gaap_AccruedLiabilitiesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Cash' xlink:label='us-gaap_Cash'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Cash' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash and cash equivalents</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Cash' xlink:to='lab_us-gaap_Cash'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus' xlink:label='dei_EntityCurrentReportingStatus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCurrentReportingStatus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Current Reporting Status</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCurrentReportingStatus' xlink:to='lab_dei_EntityCurrentReportingStatus'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BankersAcceptanceNotesLevel1' xlink:label='fil_BankersAcceptanceNotesLevel1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotesLevel1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Bankers acceptance notes Level 1</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotesLevel1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes Level 1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BankersAcceptanceNotesLevel1' xlink:to='lab_fil_BankersAcceptanceNotesLevel1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_EnterpriseIncomeTaxRatesForTheYear2017' xlink:label='fil_EnterpriseIncomeTaxRatesForTheYear2017'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2017' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Enterprise Income Tax Rates for the year 2017</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2017' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Enterprise Income Tax Rates for the year 2017</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EnterpriseIncomeTaxRatesForTheYear2017' xlink:to='lab_fil_EnterpriseIncomeTaxRatesForTheYear2017'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany' xlink:label='fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Investment in Helpson, a foreign subsidiary for the company</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Investment in Helpson, a foreign subsidiary for the company</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany' xlink:to='lab_fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_NetCarryingAmount' xlink:label='fil_NetCarryingAmount'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetCarryingAmount' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net carrying amount</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetCarryingAmount' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Net carrying amount</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetCarryingAmount' xlink:to='lab_fil_NetCarryingAmount'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Interestcostcapitalized1' xlink:label='fil_Interestcostcapitalized1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Interestcostcapitalized1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest cost capitalized</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Interestcostcapitalized1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>InterestCostCapitalized1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Interestcostcapitalized1' xlink:to='lab_fil_Interestcostcapitalized1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Building' xlink:label='fil_Building'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Building' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Building</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Building' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Building' xlink:to='lab_fil_Building'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PercetageOfAcquiredByOnnyInHelpson' xlink:label='fil_PercetageOfAcquiredByOnnyInHelpson'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercetageOfAcquiredByOnnyInHelpson' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Percetage of acquired by Onny in Helpson</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercetageOfAcquiredByOnnyInHelpson' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Percetage of acquired by Onny in Helpson</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PercetageOfAcquiredByOnnyInHelpson' xlink:to='lab_fil_PercetageOfAcquiredByOnnyInHelpson'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock' xlink:label='us-gaap_ConsolidationPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ConsolidationPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Consolidation and Basis of Presentation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ConsolidationPolicyTextBlock' xlink:to='lab_us-gaap_ConsolidationPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:label='us-gaap_CommitmentsAndContingenciesDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CONTINGENCIES {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>CONTINGENCIES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:to='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract' xlink:label='us-gaap_IncomeTaxDisclosureAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxDisclosureAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INCOME TAXES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxDisclosureAbstract' xlink:to='lab_us-gaap_IncomeTaxDisclosureAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdvancesForPurchasesOfIntangibleAssetsTextBlock' xlink:label='fil_AdvancesForPurchasesOfIntangibleAssetsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchasesOfIntangibleAssetsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchasesOfIntangibleAssetsTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The entire disclosure of advances for purchases of intangible assets.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvancesForPurchasesOfIntangibleAssetsTextBlock' xlink:to='lab_fil_AdvancesForPurchasesOfIntangibleAssetsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock' xlink:label='us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>PROPERTY AND EQUIPMENT {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>PROPERTY AND EQUIPMENT</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock' xlink:to='lab_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances' xlink:label='fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances for intangible assets purchased with banker&apos;s acceptances</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Advances for intangible assets purchased with banker&apos;s acceptances</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances' xlink:to='lab_fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForConstructionInProcess' xlink:label='us-gaap_PaymentsForConstructionInProcess'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsForConstructionInProcess' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>construction in process</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsForConstructionInProcess' xlink:to='lab_us-gaap_PaymentsForConstructionInProcess'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit' xlink:label='us-gaap_DeferredIncomeTaxExpenseBenefit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredIncomeTaxExpenseBenefit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredIncomeTaxExpenseBenefit' xlink:to='lab_us-gaap_DeferredIncomeTaxExpenseBenefit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts' xlink:label='us-gaap_ProvisionForDoubtfulAccounts'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProvisionForDoubtfulAccounts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Bad debt expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProvisionForDoubtfulAccounts' xlink:to='lab_us-gaap_ProvisionForDoubtfulAccounts'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding' xlink:label='us-gaap_PreferredStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock, shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockSharesOutstanding' xlink:to='lab_us-gaap_PreferredStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AllowanceForObsolescenceOfInventory' xlink:label='fil_AllowanceForObsolescenceOfInventory'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AllowanceForObsolescenceOfInventory' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Allowance for obsolescence of inventory</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AllowanceForObsolescenceOfInventory' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Allowance for obsolescence of inventory</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AllowanceForObsolescenceOfInventory' xlink:to='lab_fil_AllowanceForObsolescenceOfInventory'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockTransactionsParentheticalDisclosuresAbstract' xlink:label='us-gaap_StockTransactionsParentheticalDisclosuresAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockTransactionsParentheticalDisclosuresAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Parentheticals</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockTransactionsParentheticalDisclosuresAbstract' xlink:to='lab_us-gaap_StockTransactionsParentheticalDisclosuresAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CustomerAdvancesCurrent' xlink:label='us-gaap_CustomerAdvancesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CustomerAdvancesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances from customers</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CustomerAdvancesCurrent' xlink:to='lab_us-gaap_CustomerAdvancesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherRestrictedAssetsCurrent' xlink:label='us-gaap_OtherRestrictedAssetsCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherRestrictedAssetsCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Banker&apos;s acceptances</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherRestrictedAssetsCurrent' xlink:to='lab_us-gaap_OtherRestrictedAssetsCurrent'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_DocumentAndEntityInformationAbstract' xlink:label='fil_DocumentAndEntityInformationAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DocumentAndEntityInformationAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document and Entity Information</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DocumentAndEntityInformationAbstract' xlink:to='lab_fil_DocumentAndEntityInformationAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PreferredSharesAuthorized' xlink:label='fil_PreferredSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred shares authorized</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity&apos;s charter and bylaws.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredSharesAuthorized' xlink:to='lab_fil_PreferredSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_DeferredTaxProvision' xlink:label='fil_DeferredTaxProvision'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredTaxProvision' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred tax provision</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredTaxProvision' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the provision for loan losses.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DeferredTaxProvision' xlink:to='lab_fil_DeferredTaxProvision'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_EnterpriseIncomeTaxRatesForTheYear2016' xlink:label='fil_EnterpriseIncomeTaxRatesForTheYear2016'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2016' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Enterprise Income Tax Rates for the year 2016</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2016' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>EnterpriseIncomeTaxRatesForTheYear2015</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EnterpriseIncomeTaxRatesForTheYear2016' xlink:to='lab_fil_EnterpriseIncomeTaxRatesForTheYear2016'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPaymentsThereafter' xlink:label='fil_PrincipalPaymentsThereafter'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPaymentsThereafter' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal Payments Thereafter</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPaymentsThereafter' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of the total principal payments made during the annual reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPaymentsThereafter' xlink:to='lab_fil_PrincipalPaymentsThereafter'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AccumulatedAmortization' xlink:label='fil_AccumulatedAmortization'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccumulatedAmortization' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accumulated amortization</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccumulatedAmortization' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Accumulated amortization on long-term land leases capitalized as part of real property.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AccumulatedAmortization' xlink:to='lab_fil_AccumulatedAmortization'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OfficeEquipmentMaximumLife' xlink:label='fil_OfficeEquipmentMaximumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OfficeEquipmentMaximumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Office equipment maximum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OfficeEquipmentMaximumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OfficeEquipmentMaximumLife' xlink:to='lab_fil_OfficeEquipmentMaximumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Basicweightedaveragecommonsharesoutstanding1' xlink:label='fil_Basicweightedaveragecommonsharesoutstanding1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Basicweightedaveragecommonsharesoutstanding1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basic weighted-average common shares outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Basicweightedaveragecommonsharesoutstanding1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>BasicWeightedAverageCommonSharesOutstanding1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Basicweightedaveragecommonsharesoutstanding1' xlink:to='lab_fil_Basicweightedaveragecommonsharesoutstanding1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OrganizationAndOperationsAbstract' xlink:label='fil_OrganizationAndOperationsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OrganizationAndOperationsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Organization and operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OrganizationAndOperationsAbstract' xlink:to='lab_fil_OrganizationAndOperationsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_UsefulLivesOfTheAssetsTableTextBlock' xlink:label='fil_UsefulLivesOfTheAssetsTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UsefulLivesOfTheAssetsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Useful lives of the assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UsefulLivesOfTheAssetsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure of useful lives of the assets.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UsefulLivesOfTheAssetsTableTextBlock' xlink:to='lab_fil_UsefulLivesOfTheAssetsTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtTextBlock' xlink:label='us-gaap_LongTermDebtTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LongTermDebtTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CONSTRUCTION LOAN FACILITY {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LongTermDebtTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>CONSTRUCTION LOAN FACILITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LongTermDebtTextBlock' xlink:to='lab_us-gaap_LongTermDebtTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued' xlink:label='us-gaap_PreferredStockSharesIssued'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockSharesIssued' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock, shares issued</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockSharesIssued' xlink:to='lab_us-gaap_PreferredStockSharesIssued'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableCurrent' xlink:label='us-gaap_NotesPayableCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NotesPayableCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Short-term notes payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NotesPayableCurrent' xlink:to='lab_us-gaap_NotesPayableCurrent'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Total1' xlink:label='fil_Total1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total bankers acceptance notes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Total1' xlink:to='lab_fil_Total1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPayments2019' xlink:label='fil_PrincipalPayments2019'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2019' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal Payments 2019</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2019' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Principal amount paid by the company in 2019</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPayments2019' xlink:to='lab_fil_PrincipalPayments2019'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalLoanFacilityAmountRmb80000000' xlink:label='fil_TotalLoanFacilityAmountRmb80000000'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLoanFacilityAmountRmb80000000' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total loan facility amount (RMB 80,000,000)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLoanFacilityAmountRmb80000000' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total loan facility amount (RMB 80,000,000)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalLoanFacilityAmountRmb80000000' xlink:to='lab_fil_TotalLoanFacilityAmountRmb80000000'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BuildingMinimumLife' xlink:label='fil_BuildingMinimumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BuildingMinimumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Building minimum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BuildingMinimumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BuildingMinimumLife' xlink:to='lab_fil_BuildingMinimumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract' xlink:label='fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>PROPERTY AND EQUIPMENT CONSISTED OF THE FOLLOWING (DETAILS)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract' xlink:to='lab_fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Finishedgoods1' xlink:label='fil_Finishedgoods1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Finishedgoods1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Finished goods</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Finishedgoods1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Rawmaterials1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Finishedgoods1' xlink:to='lab_fil_Finishedgoods1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BasicLossEarningsPerShare' xlink:label='fil_BasicLossEarningsPerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BasicLossEarningsPerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basic loss per share</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BasicLossEarningsPerShare' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BasicLossEarningsPerShare' xlink:to='lab_fil_BasicLossEarningsPerShare'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ProvisionForIncomeTaxesTableTextBlock' xlink:label='fil_ProvisionForIncomeTaxesTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionForIncomeTaxesTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Provision For Income Taxes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionForIncomeTaxesTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabluar disclosure of Provision For Income Taxes.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ProvisionForIncomeTaxesTableTextBlock' xlink:to='lab_fil_ProvisionForIncomeTaxesTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UseOfEstimates' xlink:label='us-gaap_UseOfEstimates'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_UseOfEstimates' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accounting Estimates</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_UseOfEstimates' xlink:to='lab_us-gaap_UseOfEstimates'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdvancesForPurchasesOfIntangibleAssetsAbstract' xlink:label='fil_AdvancesForPurchasesOfIntangibleAssetsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchasesOfIntangibleAssetsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvancesForPurchasesOfIntangibleAssetsAbstract' xlink:to='lab_fil_AdvancesForPurchasesOfIntangibleAssetsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InventoryDisclosureTextBlock' xlink:label='us-gaap_InventoryDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INVENTORY {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>INVENTORY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryDisclosureTextBlock' xlink:to='lab_us-gaap_InventoryDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromConstructionLoansPayable' xlink:label='us-gaap_ProceedsFromConstructionLoansPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProceedsFromConstructionLoansPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from construction term loan</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProceedsFromConstructionLoansPayable' xlink:to='lab_us-gaap_ProceedsFromConstructionLoansPayable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss' xlink:label='us-gaap_OperatingIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loss from operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingIncomeLoss' xlink:to='lab_us-gaap_OperatingIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermConstructionLoanCurrent' xlink:label='us-gaap_LongTermConstructionLoanCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LongTermConstructionLoanCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Construction loan facility</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LongTermConstructionLoanCurrent' xlink:to='lab_us-gaap_LongTermConstructionLoanCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableOtherCurrent' xlink:label='us-gaap_AccountsPayableOtherCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsPayableOtherCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other payables</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsPayableOtherCurrent' xlink:to='lab_us-gaap_AccountsPayableOtherCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey' xlink:label='dei_EntityCentralIndexKey'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCentralIndexKey' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Central Index Key</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCentralIndexKey' xlink:to='lab_dei_EntityCentralIndexKey'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate' xlink:label='dei_DocumentPeriodEndDate'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentPeriodEndDate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Period End Date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentPeriodEndDate' xlink:to='lab_dei_DocumentPeriodEndDate'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType' xlink:label='dei_DocumentType'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentType' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Type</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentType' xlink:to='lab_dei_DocumentType'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_FirstCustomerAccountedForAccountsReceivable' xlink:label='fil_FirstCustomerAccountedForAccountsReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FirstCustomerAccountedForAccountsReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>First Customer accounted for accounts receivable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FirstCustomerAccountedForAccountsReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>First Customer accounted for accounts receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FirstCustomerAccountedForAccountsReceivable' xlink:to='lab_fil_FirstCustomerAccountedForAccountsReceivable'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ConcentrationsDetailsAbstract' xlink:label='fil_ConcentrationsDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConcentrationsDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Concentrations Details</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConcentrationsDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Company made payments as per Construction agreement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ConcentrationsDetailsAbstract' xlink:to='lab_fil_ConcentrationsDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BankersAcceptanceNotesLevel3' xlink:label='fil_BankersAcceptanceNotesLevel3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotesLevel3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Bankers acceptance notes Level 3</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_BankersAcceptanceNotesLevel3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes Level 3</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BankersAcceptanceNotesLevel3' xlink:to='lab_fil_BankersAcceptanceNotesLevel3'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OffsetFutureTaxableIncomeForTheYear2020' xlink:label='fil_OffsetFutureTaxableIncomeForTheYear2020'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OffsetFutureTaxableIncomeForTheYear2020' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Offset future taxable income for the year 2020</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OffsetFutureTaxableIncomeForTheYear2020' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Offset future taxable income for the year 2020</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OffsetFutureTaxableIncomeForTheYear2020' xlink:to='lab_fil_OffsetFutureTaxableIncomeForTheYear2020'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPayments2016' xlink:label='fil_PrincipalPayments2016'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2016' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal Payments 2016</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2016' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of the total principal payments made during the annual reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPayments2016' xlink:to='lab_fil_PrincipalPayments2016'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ConstructionLoanFacilityDetailsAbstract' xlink:label='fil_ConstructionLoanFacilityDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConstructionLoanFacilityDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Construction loan facility details</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConstructionLoanFacilityDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>ConstructionLoanFacilityDetailsAbstract [Abstract]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ConstructionLoanFacilityDetailsAbstract' xlink:to='lab_fil_ConstructionLoanFacilityDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdavanceOwingToBoardmember' xlink:label='fil_AdavanceOwingToBoardmember'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdavanceOwingToBoardmember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Adavances owing to board member</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdavanceOwingToBoardmember' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Adavance owing to boardmember</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdavanceOwingToBoardmember' xlink:to='lab_fil_AdavanceOwingToBoardmember'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PlantMachineryAndEquipmentGross' xlink:label='fil_PlantMachineryAndEquipmentGross'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PlantMachineryAndEquipmentGross' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Plant, machinery and equipment</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PlantMachineryAndEquipmentGross' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of plant machinery and equipment gross as on the date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PlantMachineryAndEquipmentGross' xlink:to='lab_fil_PlantMachineryAndEquipmentGross'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InventoryTablesAbstract' xlink:label='fil_InventoryTablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryTablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INVENTORY (Tables)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InventoryTablesAbstract' xlink:to='lab_fil_InventoryTablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract' xlink:label='us-gaap_RisksAndUncertaintiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RisksAndUncertaintiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CONCENTRATIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RisksAndUncertaintiesAbstract' xlink:to='lab_us-gaap_RisksAndUncertaintiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_DebtAbstract' xlink:label='fil_DebtAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DebtAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CONSTRUCTION LOAN FACILITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DebtAbstract' xlink:to='lab_fil_DebtAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract' xlink:label='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>BASIS OF PRESENTATION</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract' xlink:to='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net Cash Provided by Operating Activities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net Cash Provided by Operating Activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic' xlink:label='us-gaap_EarningsPerShareBasic'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareBasic' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basic</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareBasic' xlink:to='lab_us-gaap_EarningsPerShareBasic'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit' xlink:label='us-gaap_IncomeTaxExpenseBenefit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxExpenseBenefit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income tax expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxExpenseBenefit' xlink:to='lab_us-gaap_IncomeTaxExpenseBenefit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses' xlink:label='us-gaap_OperatingExpenses'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total operating expenses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total operating expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingExpenses' xlink:to='lab_us-gaap_OperatingExpenses'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesCurrent' xlink:label='us-gaap_LiabilitiesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Current Liabilities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total Current Liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesCurrent' xlink:to='lab_us-gaap_LiabilitiesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag' xlink:label='dei_AmendmentFlag'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_AmendmentFlag' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amendment Flag</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_AmendmentFlag' xlink:to='lab_dei_AmendmentFlag'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InterestRateOnAdvancesFromMemberOfBOD' xlink:label='fil_InterestRateOnAdvancesFromMemberOfBOD'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestRateOnAdvancesFromMemberOfBOD' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest rate on advances from Member of BOD</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestRateOnAdvancesFromMemberOfBOD' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Interest rate on advances from Member of BOD</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestRateOnAdvancesFromMemberOfBOD' xlink:to='lab_fil_InterestRateOnAdvancesFromMemberOfBOD'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract' xlink:label='fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>PROPERTY AND EQUIPMENT Assets Life</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract' xlink:to='lab_fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ObsolescenceReserve' xlink:label='fil_ObsolescenceReserve'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ObsolescenceReserve' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Obsolescence reserve</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ObsolescenceReserve' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>ObsolescenceReserve</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ObsolescenceReserve' xlink:to='lab_fil_ObsolescenceReserve'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InventoryConsistedOfTheFollowingDetailsAbstract' xlink:label='fil_InventoryConsistedOfTheFollowingDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryConsistedOfTheFollowingDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INVENTORY CONSISTED OF THE FOLLOWING (DETAILS)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InventoryConsistedOfTheFollowingDetailsAbstract' xlink:to='lab_fil_InventoryConsistedOfTheFollowingDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_CommitmentAndContingenciesAbstract' xlink:label='fil_CommitmentAndContingenciesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommitmentAndContingenciesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CONTINGENCIES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CommitmentAndContingenciesAbstract' xlink:to='lab_fil_CommitmentAndContingenciesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:label='us-gaap_StockholdersEquityNoteDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>STOCKHOLDERS&apos; EQUITY {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>STOCKHOLDERS&apos; EQUITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:to='lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract' xlink:label='us-gaap_SupplementalCashFlowInformationAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SupplementalCashFlowInformationAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Supplemental Cash Flow Information:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SupplementalCashFlowInformationAbstract' xlink:to='lab_us-gaap_SupplementalCashFlowInformationAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted' xlink:label='us-gaap_EarningsPerShareDiluted'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareDiluted' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Diluted</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareDiluted' xlink:to='lab_us-gaap_EarningsPerShareDiluted'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProfitLoss' xlink:label='us-gaap_ProfitLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProfitLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProfitLoss' xlink:to='lab_us-gaap_ProfitLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare' xlink:label='us-gaap_CommonStockParOrStatedValuePerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockParOrStatedValuePerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, par or stated value</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockParOrStatedValuePerShare' xlink:to='lab_us-gaap_CommonStockParOrStatedValuePerShare'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract' xlink:label='us-gaap_LiabilitiesCurrentAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesCurrentAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesCurrentAbstract' xlink:to='lab_us-gaap_LiabilitiesCurrentAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory' xlink:label='dei_EntityFilerCategory'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityFilerCategory' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Filer Category</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityFilerCategory' xlink:to='lab_dei_EntityFilerCategory'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalLevel1' xlink:label='fil_TotalLevel1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLevel1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Level 1</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLevel1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes total Level 1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalLevel1' xlink:to='lab_fil_TotalLevel1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_EnterpriseIncomeTaxRatesThereAfter' xlink:label='fil_EnterpriseIncomeTaxRatesThereAfter'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesThereAfter' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Enterprise Income Tax Rates There after</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesThereAfter' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Enterprise Income Tax Rates There after</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EnterpriseIncomeTaxRatesThereAfter' xlink:to='lab_fil_EnterpriseIncomeTaxRatesThereAfter'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_RELATEDPARTYTRANSACTIONSMemberOfBODAbstract' xlink:label='fil_RELATEDPARTYTRANSACTIONSMemberOfBODAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RELATEDPARTYTRANSACTIONSMemberOfBODAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS Member Of BOD</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RELATEDPARTYTRANSACTIONSMemberOfBODAbstract' xlink:to='lab_fil_RELATEDPARTYTRANSACTIONSMemberOfBODAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract' xlink:label='fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances for purchase of intangible assets details</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract [Abstract]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract' xlink:to='lab_fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_OfficeEquipment1' xlink:label='fil_OfficeEquipment1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OfficeEquipment1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Office equipment</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OfficeEquipment1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OfficeEquipment1' xlink:to='lab_fil_OfficeEquipment1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_Warrants' xlink:label='fil_Warrants'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Warrants' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Warrants</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Warrants' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of warrants.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Warrants' xlink:to='lab_fil_Warrants'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract' xlink:label='fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>BASIS OF PRESENTATION Basic and Diluted Earnings per Common Share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract' xlink:to='lab_fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedTaxesPayable' xlink:label='us-gaap_IncreaseDecreaseInAccruedTaxesPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccruedTaxesPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued taxes payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccruedTaxesPayable' xlink:to='lab_us-gaap_IncreaseDecreaseInAccruedTaxesPayable'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IncreaseInBadDebtExpense' xlink:label='fil_IncreaseInBadDebtExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncreaseInBadDebtExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Bad debt expense.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncreaseInBadDebtExpense' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncreaseInBadDebtExpense' xlink:to='lab_fil_IncreaseInBadDebtExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract' xlink:label='us-gaap_OtherIncomeAndExpensesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherIncomeAndExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income (expense):</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherIncomeAndExpensesAbstract' xlink:to='lab_us-gaap_OtherIncomeAndExpensesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostOfRevenue' xlink:label='us-gaap_CostOfRevenue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CostOfRevenue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cost of revenue</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CostOfRevenue' xlink:to='lab_us-gaap_CostOfRevenue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued' xlink:label='us-gaap_CommonStockSharesIssued'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesIssued' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, shares issued</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesIssued' xlink:to='lab_us-gaap_CommonStockSharesIssued'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity' xlink:label='us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TOTAL LIABILITIES AND STOCKHOLDERS&apos; EQUITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAndStockholdersEquity' xlink:to='lab_us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:label='us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>LIABILITIES AND STOCKHOLDERS&apos; EQUITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdvancesToSuppliers' xlink:label='fil_AdvancesToSuppliers'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesToSuppliers' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances to suppliers</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesToSuppliers' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying amount as of the balance sheet date of advances to suppliers.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvancesToSuppliers' xlink:to='lab_fil_AdvancesToSuppliers'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsCurrentAbstract' xlink:label='us-gaap_AssetsCurrentAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsCurrentAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Assets:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsCurrentAbstract' xlink:to='lab_us-gaap_AssetsCurrentAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus' xlink:label='dei_DocumentFiscalYearFocus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentFiscalYearFocus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Fiscal Year Focus</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentFiscalYearFocus' xlink:to='lab_dei_DocumentFiscalYearFocus'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding' xlink:label='dei_EntityCommonStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCommonStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Common Stock, Shares Outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCommonStockSharesOutstanding' xlink:to='lab_dei_EntityCommonStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_SharesOfRestrictedStockGrantedAndOutstandingUnderThe2010IncentivePlan' xlink:label='fil_SharesOfRestrictedStockGrantedAndOutstandingUnderThe2010IncentivePlan'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesOfRestrictedStockGrantedAndOutstandingUnderThe2010IncentivePlan' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shares of restricted stock granted and outstanding under the 2010 Incentive Plan</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesOfRestrictedStockGrantedAndOutstandingUnderThe2010IncentivePlan' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>shares of restricted stock granted and outstanding under the 2010 Incentive Plan</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SharesOfRestrictedStockGrantedAndOutstandingUnderThe2010IncentivePlan' xlink:to='lab_fil_SharesOfRestrictedStockGrantedAndOutstandingUnderThe2010IncentivePlan'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_NumberOfCommonShares' xlink:label='fil_NumberOfCommonShares'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfCommonShares' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of common shares</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfCommonShares' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum number of common shares permitted to be issued by an entity&apos;s charter and bylaws.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfCommonShares' xlink:to='lab_fil_NumberOfCommonShares'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalIncomeTaxBenefitExpense' xlink:label='fil_TotalIncomeTaxBenefitExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalIncomeTaxBenefitExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total income tax (benefit) expense</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalIncomeTaxBenefitExpense' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalIncomeTaxBenefitExpense' xlink:to='lab_fil_TotalIncomeTaxBenefitExpense'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_NetOperatingLossCarryforwardsForPrcTaxPurposes' xlink:label='fil_NetOperatingLossCarryforwardsForPrcTaxPurposes'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetOperatingLossCarryforwardsForPrcTaxPurposes' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net operating loss carryforwards for PRC tax purposes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetOperatingLossCarryforwardsForPrcTaxPurposes' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>NetOperatingLossCarryforwardsForPrcTaxPurposes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetOperatingLossCarryforwardsForPrcTaxPurposes' xlink:to='lab_fil_NetOperatingLossCarryforwardsForPrcTaxPurposes'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AmortizationExpenseAbstract' xlink:label='fil_AmortizationExpenseAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AmortizationExpenseAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>AMORTIZATION EXPENSE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AmortizationExpenseAbstract' xlink:to='lab_fil_AmortizationExpenseAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_MotorVehicleMaximumLife' xlink:label='fil_MotorVehicleMaximumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_MotorVehicleMaximumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Motor vehicle maximum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_MotorVehicleMaximumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_MotorVehicleMaximumLife' xlink:to='lab_fil_MotorVehicleMaximumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalPropertyAndEquipment' xlink:label='fil_TotalPropertyAndEquipment'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalPropertyAndEquipment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Property and Equipment</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalPropertyAndEquipment' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total Property and Equipment</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalPropertyAndEquipment' xlink:to='lab_fil_TotalPropertyAndEquipment'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IntangibleAssetsTablesAbstract' xlink:label='fil_IntangibleAssetsTablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IntangibleAssetsTablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Intangible Assets (Tables)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IntangibleAssetsTablesAbstract' xlink:to='lab_fil_IntangibleAssetsTablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock' xlink:label='us-gaap_ConcentrationRiskDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ConcentrationRiskDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CONCENTRATIONS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ConcentrationRiskDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>CONCENTRATIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ConcentrationRiskDisclosureTextBlock' xlink:to='lab_us-gaap_ConcentrationRiskDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization' xlink:label='us-gaap_DepreciationDepletionAndAmortization'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DepreciationDepletionAndAmortization' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation and amortization</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DepreciationDepletionAndAmortization' xlink:to='lab_us-gaap_DepreciationDepletionAndAmortization'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherExpenses' xlink:label='us-gaap_OtherExpenses'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherExpenses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net other expense</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherExpenses' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net other expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherExpenses' xlink:to='lab_us-gaap_OtherExpenses'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentIncomeInterest' xlink:label='us-gaap_InvestmentIncomeInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InvestmentIncomeInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InvestmentIncomeInterest' xlink:to='lab_us-gaap_InvestmentIncomeInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GrossProfit' xlink:label='us-gaap_GrossProfit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GrossProfit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gross (loss) profit</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GrossProfit' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Gross (loss) profit</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GrossProfit' xlink:to='lab_us-gaap_GrossProfit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding' xlink:label='us-gaap_CommonStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesOutstanding' xlink:to='lab_us-gaap_CommonStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue' xlink:label='us-gaap_PreferredStockValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockValue' xlink:to='lab_us-gaap_PreferredStockValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsCurrent' xlink:label='us-gaap_AssetsCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Current Assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsCurrent' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total Current Assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsCurrent' xlink:to='lab_us-gaap_AssetsCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer' xlink:label='dei_EntityWellKnownSeasonedIssuer'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityWellKnownSeasonedIssuer' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Well-known Seasoned Issuer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityWellKnownSeasonedIssuer' xlink:to='lab_dei_EntityWellKnownSeasonedIssuer'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalPrincipalPaymentsDue' xlink:label='fil_TotalPrincipalPaymentsDue'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalPrincipalPaymentsDue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total principal payments due</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalPrincipalPaymentsDue' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total Principal amount due by the company</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalPrincipalPaymentsDue' xlink:to='lab_fil_TotalPrincipalPaymentsDue'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract' xlink:label='fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal payments required for the next five years are as follows:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract' xlink:to='lab_fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PermitOfLandUseMinimumLife' xlink:label='fil_PermitOfLandUseMinimumLife'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PermitOfLandUseMinimumLife' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Permit of land use minimum life</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PermitOfLandUseMinimumLife' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PermitOfLandUseMinimumLife' xlink:to='lab_fil_PermitOfLandUseMinimumLife'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract' xlink:label='fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RECONCILIATION OF TOTAL INTEREST INCURRED COST (DETAILS)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract' xlink:to='lab_fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InventoryGross1' xlink:label='fil_InventoryGross1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryGross1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory Gross</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryGross1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>InventoryGross1</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InventoryGross1' xlink:to='lab_fil_InventoryGross1'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_DilutedLossEarningsPerShare' xlink:label='fil_DilutedLossEarningsPerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DilutedLossEarningsPerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Diluted loss per share</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DilutedLossEarningsPerShare' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DilutedLossEarningsPerShare' xlink:to='lab_fil_DilutedLossEarningsPerShare'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited' xlink:label='fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Percentage of share owned by China Pharma Holdings Inc of Onny Investment Limited</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Percentage of share owned by China Pharma Holdings Inc of Onny Investment Limited</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited' xlink:to='lab_fil_PercentageOfShareOwnedByChinaPharmaHoldingsIncOfOnnyInvestmentLimited'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_FairValueMeasurementsTablesAbstract' xlink:label='fil_FairValueMeasurementsTablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FairValueMeasurementsTablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>FAIR VALUE MEASUREMENTS (Tables)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FairValueMeasurementsTablesAbstract' xlink:to='lab_fil_FairValueMeasurementsTablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock' xlink:label='us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Presentation of the numerators and denominators used in the calculation of basic and diluted earnings per share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock' xlink:to='lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaidNet' xlink:label='us-gaap_IncomeTaxesPaidNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxesPaidNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash paid for income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxesPaidNet' xlink:to='lab_us-gaap_IncomeTaxesPaidNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:label='us-gaap_PaymentsToAcquirePropertyPlantAndEquipment'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Purchases of property and equipment and</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:to='lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInInventories' xlink:label='us-gaap_IncreaseDecreaseInInventories'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInInventories' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInInventories' xlink:to='lab_us-gaap_IncreaseDecreaseInInventories'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense' xlink:label='us-gaap_InterestExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InterestExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InterestExpense' xlink:to='lab_us-gaap_InterestExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent' xlink:label='us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Allowance for doubtful accounts on trade accounts receivables</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent' xlink:to='lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity' xlink:label='us-gaap_StockholdersEquity'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Stockholders&apos; Equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquity' xlink:to='lab_us-gaap_StockholdersEquity'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_SecondCustomerAccountedForAccountsReceivable' xlink:label='fil_SecondCustomerAccountedForAccountsReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SecondCustomerAccountedForAccountsReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Second Customer accounted for Accounts receivable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SecondCustomerAccountedForAccountsReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Second Customer accounted for Accounts receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SecondCustomerAccountedForAccountsReceivable' xlink:to='lab_fil_SecondCustomerAccountedForAccountsReceivable'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_SupplierAccountedForRawMaterialPurchases' xlink:label='fil_SupplierAccountedForRawMaterialPurchases'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SupplierAccountedForRawMaterialPurchases' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Supplier accounted for raw material purchases</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SupplierAccountedForRawMaterialPurchases' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Company made payments as per Construction agreement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SupplierAccountedForRawMaterialPurchases' xlink:to='lab_fil_SupplierAccountedForRawMaterialPurchases'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_STOCKHOLDERSEQUITYPreferredCommonStockAndWarrantsAbstract' xlink:label='fil_STOCKHOLDERSEQUITYPreferredCommonStockAndWarrantsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_STOCKHOLDERSEQUITYPreferredCommonStockAndWarrantsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Common Stock And Warrants</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_STOCKHOLDERSEQUITYPreferredCommonStockAndWarrantsAbstract' xlink:to='lab_fil_STOCKHOLDERSEQUITYPreferredCommonStockAndWarrantsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_TotalLevel3' xlink:label='fil_TotalLevel3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLevel3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Level 3</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalLevel3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Bankers acceptance notes Level 3 total</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalLevel3' xlink:to='lab_fil_TotalLevel3'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_IncomeTaxesProvisionAbstract' xlink:label='fil_IncomeTaxesProvisionAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxesProvisionAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income Taxes Provision</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxesProvisionAbstract' xlink:to='lab_fil_IncomeTaxesProvisionAbstract'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_EnterpriseIncomeTaxRatesForTheYear2014' xlink:label='fil_EnterpriseIncomeTaxRatesForTheYear2014'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2014' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Enterprise Income Tax Rates for the year 2014</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EnterpriseIncomeTaxRatesForTheYear2014' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>EnterpriseIncomeTaxRatesForTheYear2014</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EnterpriseIncomeTaxRatesForTheYear2014' xlink:to='lab_fil_EnterpriseIncomeTaxRatesForTheYear2014'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_PrincipalPayments2017' xlink:label='fil_PrincipalPayments2017'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2017' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principal Payments 2017</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PrincipalPayments2017' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of the total principal payments made during the annual reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PrincipalPayments2017' xlink:to='lab_fil_PrincipalPayments2017'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_MotorVehicleGross' xlink:label='fil_MotorVehicleGross'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_MotorVehicleGross' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Motor vehicle</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_MotorVehicleGross' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of motor vehicle gross as on the date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_MotorVehicleGross' xlink:to='lab_fil_MotorVehicleGross'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_BasisOfPresentationTablesAbstract' xlink:label='fil_BasisOfPresentationTablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BasisOfPresentationTablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>BASIS OF PRESENTATION (Tables)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BasisOfPresentationTablesAbstract' xlink:to='lab_fil_BasisOfPresentationTablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock' xlink:label='us-gaap_IncomeTaxDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INCOME TAXES {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>INCOME TAXES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxDisclosureTextBlock' xlink:to='lab_us-gaap_IncomeTaxDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:label='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>BASIS OF PRESENTATION {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>BASIS OF PRESENTATION</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:to='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_InventoryPurchasedWithBankerSAcceptances' xlink:label='fil_InventoryPurchasedWithBankerSAcceptances'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryPurchasedWithBankerSAcceptances' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventory purchased with banker&apos;s acceptances</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryPurchasedWithBankerSAcceptances' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Inventory purchased with banker&apos;s acceptances</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InventoryPurchasedWithBankerSAcceptances' xlink:to='lab_fil_InventoryPurchasedWithBankerSAcceptances'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables' xlink:label='us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Trade accounts and other receivables</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables' xlink:to='lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax' xlink:label='us-gaap_OtherComprehensiveIncomeLossNetOfTax'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Comprehensive loss</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherComprehensiveIncomeLossNetOfTax' xlink:to='lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract' xlink:label='us-gaap_RevenuesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RevenuesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenues:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RevenuesAbstract' xlink:to='lab_us-gaap_RevenuesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss' xlink:label='us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accumulated other comprehensive income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss' xlink:to='lab_us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit' xlink:label='us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RetainedEarningsAccumulatedDeficit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Retained earnings</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RetainedEarningsAccumulatedDeficit' xlink:to='lab_us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent' xlink:label='us-gaap_DueToRelatedPartiesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DueToRelatedPartiesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other payables - related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DueToRelatedPartiesCurrent' xlink:to='lab_us-gaap_DueToRelatedPartiesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='cphi-20150630.xsd#fil_AdvancesForPurchasesOfIntangibleAssets' xlink:label='fil_AdvancesForPurchasesOfIntangibleAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchasesOfIntangibleAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advances for purchases of intangible assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvancesForPurchasesOfIntangibleAssets' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>AdvancesForPurchasesOfIntangibleAssets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvancesForPurchasesOfIntangibleAssets' xlink:to='lab_fil_AdvancesForPurchasesOfIntangibleAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol' xlink:label='dei_TradingSymbol'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_TradingSymbol' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Trading Symbol</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_TradingSymbol' xlink:to='lab_dei_TradingSymbol'/>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>10
<FILENAME>cphi-20150630_pre.xml
<TEXT>
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<head>
<title></title>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838628640">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>NOTES PAYABLES (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
<th class="th"><div>Nov. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_NotesPayablesAbstract', window );"><strong>NOTES PAYABLES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_RevolvingLineOfCreditWithABankRmb', window );">Revolving line of credit with a bank (RMB)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AnnualInterestRate', window );">Annual interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.16%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000', window );">Outstanding balance due under revolving line of credit (RMB 30,000,000)</a></td>
<td class="nump">$ 4,927,079<span></span>
</td>
<td class="nump">$ 4,887,187<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Annual interest rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AnnualInterestRate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_NotesPayablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_NotesPayablesAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Outstanding balance due under revolving line of credit (RMB 30,000,000)</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OutstandingBalanceDueUnderRevolvingLineOfCreditRMB30000000</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_RevolvingLineOfCreditWithABankRmb">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_RevolvingLineOfCreditWithABankRmb</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162839517168">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>PREFERRED COMMON STOCK AND 2010 STOCK OPTION PLAN (DETAILS) - shares<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Nov. 12, 2010</div></th>
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<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
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<td class="nump">95,000,000<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">5,000,000<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
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<td class="text">&#160;<span></span>
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<td class="nump">4,000,000<span></span>
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<td class="nump">175,000<span></span>
</td>
<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>shares of restricted stock granted and outstanding under the 2010 Incentive Plan</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162845657376">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ASSETS DEPRECIATION (DETAILS) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
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<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 857,752<span></span>
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<td class="nump">$ 201,580<span></span>
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<td class="nump">$ 1,712,237<span></span>
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<td class="nump">$ 403,489<span></span>
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<SEQUENCE>16
<FILENAME>0001010549-15-000256-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<head>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162835068448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IncomeTaxesTablesAbstract', window );"><strong>INCOME TAXES (Tables)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IncomeTaxesTableTextBlock', window );">Current Taxes</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>Under current tax law in the PRC, the Company is and will be subject to the following enterprise income tax rates:&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="40%" style='width:40%'> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Enterprise Income </b></p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Year</b></p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Tax Rate</b></p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2014</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>15%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2015</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>15%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2016</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>15%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2017</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>25%</p></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ProvisionForIncomeTaxesTableTextBlock', window );">Provision For Income Taxes</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>The provision for income taxes consisted of the following:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Three months ended March 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Six months ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Current</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Deferred</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,428</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,196</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,712</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,543</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Total income tax (benefit) expense</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,428</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,196</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,712</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,543</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabluar disclosure of Provision For Income Taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabluar disclosure of Provision For Income Taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162834934576">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>INCOME TAXES UNDISTRIBUTED EARNINGS AND INCOME TAX RATES (DETAILS) - Jun. 30, 2015 - USD ($)<br></strong></div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IncomeTaxesUndistributedEarningsAbstract', window );"><strong>Income Taxes Undistributed Earnings</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_UndistributedEarningsOfHelpson', window );">Undistributed earnings of Helpson</a></td>
<td class="nump">$ 56,500,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany', window );">Investment in Helpson, a foreign subsidiary for the company</a></td>
<td class="nump">$ 23,300,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_EnterpriseIncomeTaxRatesForTheYear2014', window );">Enterprise Income Tax Rates for the year 2014</a></td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_EnterpriseIncomeTaxRatesForTheYear2015', window );">Enterprise Income Tax Rates for the year 2015</a></td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_EnterpriseIncomeTaxRatesForTheYear2016', window );">Enterprise Income Tax Rates for the year 2016</a></td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_EnterpriseIncomeTaxRatesForTheYear2017', window );">Enterprise Income Tax Rates for the year 2017</a></td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_EnterpriseIncomeTaxRatesThereAfter', window );">Enterprise Income Tax Rates There after</a></td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_NetOperatingLossCarryforwardsForPrcTaxPurposes', window );">Net operating loss carryforwards for PRC tax purposes</a></td>
<td class="nump">$ 14,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_OffsetUtureTaxableIncomeForTheYear2018', window );">Offset uture taxable income for the year 2018</a></td>
<td class="nump">6,900,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_OffsetFutureTaxableIncomeForTheYear2019', window );">Offset future taxable income for the year 2019</a></td>
<td class="nump">4,400,000<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_OffsetFutureTaxableIncomeForTheYear2020', window );">Offset future taxable income for the year 2020</a></td>
<td class="nump">$ 2,700,000<span></span>
</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>EnterpriseIncomeTaxRatesForTheYear2014</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>EnterpriseIncomeTaxRatesForTheYear2015</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>EnterpriseIncomeTaxRatesForTheYear2015</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_EnterpriseIncomeTaxRatesForTheYear2017">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Enterprise Income Tax Rates for the year 2017</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_EnterpriseIncomeTaxRatesForTheYear2017</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_EnterpriseIncomeTaxRatesThereAfter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Enterprise Income Tax Rates There after</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_EnterpriseIncomeTaxRatesThereAfter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_IncomeTaxesUndistributedEarningsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_IncomeTaxesUndistributedEarningsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment in Helpson, a foreign subsidiary for the company</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InvestmentInHelpsonAForeignSubsidiaryForTheCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_NetOperatingLossCarryforwardsForPrcTaxPurposes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>NetOperatingLossCarryforwardsForPrcTaxPurposes</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_NetOperatingLossCarryforwardsForPrcTaxPurposes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OffsetFutureTaxableIncomeForTheYear2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Offset future taxable income for the year 2019</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OffsetFutureTaxableIncomeForTheYear2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OffsetFutureTaxableIncomeForTheYear2020">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Offset future taxable income for the year 2020</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OffsetFutureTaxableIncomeForTheYear2020</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OffsetUtureTaxableIncomeForTheYear2018">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Offset uture taxable income for the year 2018</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OffsetUtureTaxableIncomeForTheYear2018</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_UndistributedEarningsOfHelpson">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Earnings of Helpson is not distributed during the period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_UndistributedEarningsOfHelpson</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>19
<FILENAME>R37.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838741408">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS OWINGS (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_RelatedPartyTransactionMemberOwingsAbstract', window );"><strong>RELATED PARTY TRANSACTIONS OWINGS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AdavanceOwingToBoardmember', window );">Adavances owing to board member</a></td>
<td class="nump">$ 1,354,567<span></span>
</td>
<td class="nump">$ 1,354,567<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InterestRateOnAdvancesFromMemberOfBOD', window );">Interest rate on advances from Member of BOD</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AdavanceOwingToBoardmember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adavance owing to boardmember</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AdavanceOwingToBoardmember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_InterestRateOnAdvancesFromMemberOfBOD">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest rate on advances from Member of BOD</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InterestRateOnAdvancesFromMemberOfBOD</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_RelatedPartyTransactionMemberOwingsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_RelatedPartyTransactionMemberOwingsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>20
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838337312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONCENTRATIONS (DETAILS)<br></strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ConcentrationsDetailsAbstract', window );"><strong>Concentrations Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PercentageOfNoCustomerAccountedForMoreThanSales', window );">Customer accounted for sales</a></td>
<td class="nump">12.70%<span></span>
</td>
<td class="nump">15.90%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_SupplierAccountedForRawMaterialPurchases', window );">Supplier accounted for raw material purchases</a></td>
<td class="nump">25.70%<span></span>
</td>
<td class="nump">14.40%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_FirstCustomerAccountedForAccountsReceivable', window );">First Customer accounted for accounts receivable</a></td>
<td class="nump">17.30%<span></span>
</td>
<td class="nump">17.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_SecondCustomerAccountedForAccountsReceivable', window );">Second Customer accounted for Accounts receivable</a></td>
<td class="nump">10.70%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_ConcentrationsDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Company made payments as per Construction agreement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ConcentrationsDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>First Customer accounted for accounts receivable</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of no customer accounted for more than sales</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PercentageOfNoCustomerAccountedForMoreThanSales</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Second Customer accounted for Accounts receivable</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_SecondCustomerAccountedForAccountsReceivable</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Company made payments as per Construction agreement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838091920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INTANGIBLE ASSETS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract', window );"><strong>INTANGIBLE ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsDisclosureTextBlock', window );">INTANGIBLE ASSETS</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 4 - INTANGIBLE ASSETS</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Intangible assets represent the cost of medical formulas approved for production by the China Food and Drug Administration (&#147;CFDA&#148;) in China. During the six months ended June 30, 2015, the Company did not obtain CFDA production approval for any medical formula and therefore there were no costs reclassified from advances to medical formulas.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Approved medical formulas are amortized from the date CFDA approval is obtained over their individually identifiable estimated useful life, which ranges from ten to thirteen years.&nbsp;&nbsp;It is at least reasonably possible that a change in the estimated useful lives of the medical formulas could occur in the near term due to changes in the demand for the drugs and medicines produced from these medical formulas. For the three and six months ended June 30, 2015 and 2014, amortization expense relating to intangible assets was $75,785 and $96,284, $172,511 and $193,330, respectively. Medical formulas typically do not have a residual value at the end of their amortization period.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company evaluates each approved medical formula for impairment at the date of CFDA approval, when indications of impairment are present and at the date of each financial statement. The Company&#146;s evaluation is based on an estimated undiscounted net cash flow model, considering currently available market data for the related drug and the Company&#146;s estimated market share. If the carrying value of the medical formula exceeds the estimated future net cash flows, an impairment loss is recognized for the excess of the carrying value over the discounted estimated future net cash flows. As a result of the evaluation, the Company has determined that each medical formula continues to provide benefits to the Company and no impairment was recognized during the six months ended June 30, 2015 or 2014.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>As of June 30, 2015 and December 31, 2014, intangible assets consisted solely of CFDA approved medical formulas as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Gross carrying amount</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,544,384</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,499,494</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Accumulated amortization</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,389,602</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,182,273</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Net carrying amount</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,154,782</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,317,221</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsDisclosureTextBlock">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all or part of the information related to intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26713463&amp;loc=d3e16265-109275<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26713463&amp;loc=d3e16323-109275<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26713463&amp;loc=d3e16373-109275<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsDisclosureTextBlock</td>
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<head>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162834941744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES PROVISION (DETAILS) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IncomeTaxesProvisionAbstract', window );"><strong>Income Taxes Provision</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_CurrentTaxProvision', window );">Current tax provision</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_DeferredTaxProvision', window );">Deferred tax provision</a></td>
<td class="num">(19,428)<span></span>
</td>
<td class="num">$ (19,196)<span></span>
</td>
<td class="num">$ (38,712)<span></span>
</td>
<td class="num">$ (38,543)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalIncomeTaxBenefitExpense', window );">Total income tax (benefit) expense</a></td>
<td class="num">$ (19,428)<span></span>
</td>
<td class="num">$ (19,196)<span></span>
</td>
<td class="num">$ (38,712)<span></span>
</td>
<td class="num">$ (38,543)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_CurrentTaxProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_CurrentTaxProvision</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the provision for loan losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_IncomeTaxesProvisionAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<html>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838767136">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>INVENTORY CONSISTED OF THE FOLLOWING (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InventoryConsistedOfTheFollowingDetailsAbstract', window );"><strong>INVENTORY CONSISTED OF THE FOLLOWING (DETAILS)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Rawmaterials1', window );">Raw materials</a></td>
<td class="nump">$ 17,016,993<span></span>
</td>
<td class="nump">$ 18,819,570<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Finishedgoods1', window );">Finished goods</a></td>
<td class="nump">3,829,807<span></span>
</td>
<td class="nump">3,436,330<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InventoryGross1', window );">Inventory Gross</a></td>
<td class="nump">20,846,800<span></span>
</td>
<td class="nump">22,255,900<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ObsolescenceReserve', window );">Obsolescence reserve</a></td>
<td class="num">(7,222,881)<span></span>
</td>
<td class="num">(6,934,044)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalInventory', window );">Total Inventory</a></td>
<td class="nump">$ 13,623,919<span></span>
</td>
<td class="nump">$ 15,321,856<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Finishedgoods1">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Rawmaterials1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Finishedgoods1</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>InventoryGross1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InventoryGross1</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_ObsolescenceReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>ObsolescenceReserve</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ObsolescenceReserve</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Rawmaterials1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Rawmaterials1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Rawmaterials1</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_TotalInventory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>24
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162840513552">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract', window );"><strong>BASIS OF PRESENTATION Basic and Diluted Earnings per Common Share</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_NetLoss1', window );">Net loss.</a></td>
<td class="num">$ (4,115,352)<span></span>
</td>
<td class="num">$ (8,642,950)<span></span>
</td>
<td class="num">$ (12,089,295)<span></span>
</td>
<td class="num">$ (1,103,344)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Basicweightedaveragecommonsharesoutstanding1', window );">Basic weighted-average common shares outstanding</a></td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_EffectOfDilutiveSecuritiesAbstract', window );"><strong>Effect of dilutive securities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Warrants', window );">Warrants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Options', window );">Options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Dilutedweightedaveragecommonsharesoutstanding2', window );">Diluted weighted-average common shares outstanding</a></td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BasicLossEarningsPerShare', window );">Basic loss per share</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="num">$ (0.20)<span></span>
</td>
<td class="num">$ (0.28)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_DilutedLossEarningsPerShare', window );">Diluted loss per share</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="num">$ (0.20)<span></span>
</td>
<td class="num">$ (0.28)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_BasicLossEarningsPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_BasicLossEarningsPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Basicweightedaveragecommonsharesoutstanding1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>BasicWeightedAverageCommonSharesOutstanding1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Basicweightedaveragecommonsharesoutstanding1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_BasisOfPresentationBasicAndDilutedEarningsPerCommonShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_DilutedLossEarningsPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_DilutedLossEarningsPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Dilutedweightedaveragecommonsharesoutstanding2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>DilutedWeightedAverageCommonSharesOutstanding2</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Dilutedweightedaveragecommonsharesoutstanding2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_EffectOfDilutiveSecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_EffectOfDilutiveSecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_NetLoss1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>NetLoss1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_NetLoss1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Options">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Options</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Warrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of warrants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Warrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>25
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162984794016">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>DEFERRED INCOME TAX ASSETS AND LIABILITY (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_DeferredIncomeTaxAssetsAndLiabilityAbstract', window );"><strong>Deferred Income Tax Assets And Liability</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ValuationAllowanceAgainstDeferredTaxAssets', window );">Valuation allowance against deferred tax assets</a></td>
<td class="nump">$ 9,655,878<span></span>
</td>
<td class="nump">$ 8,952,768<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_DeferredIncomeTaxAssetsAndLiabilityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_DeferredIncomeTaxAssetsAndLiabilityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_ValuationAllowanceAgainstDeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the valuation allowance recorded as of the balance sheet date pertaining to the specified deferred tax asset for which an assessment was made that it is more likely than not that all or a portion of such deferred tax asset will not be realized through related deductions on future tax returns.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ValuationAllowanceAgainstDeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>26
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838774048">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>PROPERTY AND EQUIPMENT CONSISTED OF THE FOLLOWING (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract', window );"><strong>PROPERTY AND EQUIPMENT CONSISTED OF THE FOLLOWING (DETAILS)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PermitOfLandUse', window );">Permit of land use</a></td>
<td class="nump">$ 462,600<span></span>
</td>
<td class="nump">$ 458,853<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Building', window );">Building</a></td>
<td class="nump">11,371,775<span></span>
</td>
<td class="nump">11,279,704<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PlantMachineryAndEquipmentGross', window );">Plant, machinery and equipment</a></td>
<td class="nump">28,638,117<span></span>
</td>
<td class="nump">28,358,694<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_MotorVehicleGross', window );">Motor vehicle</a></td>
<td class="nump">258,890<span></span>
</td>
<td class="nump">150,976<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_OfficeEquipment1', window );">Office equipment</a></td>
<td class="nump">273,348<span></span>
</td>
<td class="nump">268,521<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ConstructionInProgress1', window );">Construction in progress</a></td>
<td class="nump">5,896<span></span>
</td>
<td class="nump">5,848<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalPropertyAndEquipment', window );">Total Property and Equipment</a></td>
<td class="nump">41,010,626<span></span>
</td>
<td class="nump">40,522,596<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_LessAccumulatedDepreciation', window );">Less: accumulated depreciation</a></td>
<td class="num">(8,413,910)<span></span>
</td>
<td class="num">(6,640,718)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PropertyAndEquipmentNet', window );">Property and Equipment, net</a></td>
<td class="nump">$ 32,596,716<span></span>
</td>
<td class="nump">$ 33,881,878<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Building">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Building</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_ConstructionInProgress1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ConstructionInProgress1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_LessAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_LessAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_MotorVehicleGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of motor vehicle gross as on the date</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_MotorVehicleGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OfficeEquipment1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OfficeEquipment1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PermitOfLandUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of permit of land use as on the date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PermitOfLandUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PlantMachineryAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of plant machinery and equipment gross as on the date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PlantMachineryAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PropertyAndEquipmentConsistedOfTheFollowingDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PropertyAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PropertyAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_TotalPropertyAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total Property and Equipment</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_TotalPropertyAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>27
<FILENAME>R31.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162847554448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RECONCILIATION OF TOTAL INTEREST INCURRED COST (DETAILS) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract', window );"><strong>RECONCILIATION OF TOTAL INTEREST INCURRED COST (DETAILS)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalInterestCostIncurred', window );">Total interest cost incurred</a></td>
<td class="nump">$ 322,422<span></span>
</td>
<td class="nump">$ 345,626<span></span>
</td>
<td class="nump">$ 636,197<span></span>
</td>
<td class="nump">$ 621,841<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Interestcostcapitalized1', window );">Interest cost capitalized</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">232,263<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">452,031<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InterestExpense1', window );">Interest expense,</a></td>
<td class="nump">$ 322,422<span></span>
</td>
<td class="nump">$ 113,363<span></span>
</td>
<td class="nump">$ 636,197<span></span>
</td>
<td class="nump">$ 169,810<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_InterestExpense1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cost of borrowed funds accounted for as interest that was charged against earnings during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InterestExpense1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_Interestcostcapitalized1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>InterestCostCapitalized1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Interestcostcapitalized1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ReconciliationOfTotalInterestIncurredCostDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_TotalInterestCostIncurred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>TotalInterestCostIncurred</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_TotalInterestCostIncurred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162983721024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PROPERTY AND EQUIPMENT<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAbstract', window );"><strong>PROPERTY AND EQUIPMENT</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock', window );">PROPERTY AND EQUIPMENT</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 3 - PROPERTY AND EQUIPMENT</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Property and equipment consisted of the following:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Permit of land use</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>462,600</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,853</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Building</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>11,371,775</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>11,279,704</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Plant, machinery and equipment</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>28,638,117</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>28,358,694</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Motor vehicle</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>258,890</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>150,976</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Office equipment</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>273,348</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>268,521</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Construction in progress</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,896</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,848</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Total</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>41,010,626</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>40,522,596</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Less: accumulated depreciation</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(8,413,910</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(6,640,718</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Property and Equipment, net</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>32,596,716</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>33,881,878</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp; </p> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp; </p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>A reconciliation of total interest cost incurred to interest expense as recognized in the consolidated statement of operations is as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Three Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Six Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Total interest cost incurred</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>322,422</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>345,626</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>636,197</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>621,841</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Interest cost capitalized</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>232,263</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>452,031</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Interest expense</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>322,422</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>113,363</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>636,197</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>169,810</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="40%" style='width:40%'> <tr> <td valign="top" width="33%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:33%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>Asset</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:2%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>&nbsp;Life - years</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Permit of land use</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>40 - 70</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Building</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>20 - 49</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Plant, machinery and equipment</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>5 - 10</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Motor vehicle</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>5 - 10</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Office equipment</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>3-5</p></td></tr></table></div> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>For the three and six months ended June 30, 2015 and 2014, depreciation expense was $857,752 and, $201,580, $1,712,237 and $403,489, respectively.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13-14)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 205<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162825788656">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>PROPERTY AND EQUIPMENT ASSETS LIFE (DETAILS)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PermitOfLandUseMinimumLife', window );">Permit of land use minimum life</a></td>
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<td class="nump">20<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BuildingMaximumLife', window );">Building maximum life</a></td>
<td class="nump">49<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_MotorVehicleMinimumLife', window );">Motor vehicle minimum life</a></td>
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<td class="nump">10<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_BuildingMinimumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_MotorVehicleMaximumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_MotorVehicleMaximumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_MotorVehicleMinimumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_MotorVehicleMinimumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OfficeEquipmentMaximumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OfficeEquipmentMaximumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_OfficeEquipmentMinimumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_OfficeEquipmentMinimumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PROPERTYANDEQUIPMENTAssetsLifeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PermitOfLandUseMaximumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PermitOfLandUseMaximumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PermitOfLandUseMinimumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PermitOfLandUseMinimumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PlantMachineryAndEquipmentMaximumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PlantMachineryAndEquipmentMaximumLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PlantMachineryAndEquipmentMinimumLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Plant, machinery and equipment minimum life</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PlantMachineryAndEquipmentMinimumLife</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<td>xbrli:decimalItemType</td>
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<td>na</td>
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<td>instant</td>
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<DOCUMENT>
<TYPE>XML
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162845630816">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSTRUCTION LOAN FACILITY (DETAILS) - Jun. 30, 2015 - USD ($)<br></strong></div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ConstructionLoanFacilityDetailsAbstract', window );"><strong>Construction loan facility details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalLoanFacilityAmountRmb80000000', window );">Total loan facility amount (RMB 80,000,000)</a></td>
<td class="nump">$ 13,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_LoanInterestForAnEightYearTerm', window );">Loan interest for an eight-year term</a></td>
<td class="nump">7.21%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_ConstructionLoanFacilityDetailsAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>ConstructionLoanFacilityDetailsAbstract [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ConstructionLoanFacilityDetailsAbstract</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_LoanInterestForAnEightYearTerm">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan interest for an eight-year term</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_LoanInterestForAnEightYearTerm</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_TotalLoanFacilityAmountRmb80000000">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total loan facility amount (RMB 80,000,000)</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_TotalLoanFacilityAmountRmb80000000</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162825671168">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Cash', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 4,549,200<span></span>
</td>
<td class="nump">$ 5,295,790<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRestrictedAssetsCurrent', window );">Banker's acceptances</a></td>
<td class="nump">90,330<span></span>
</td>
<td class="nump">458,233<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Trade accounts receivable, less allowance for doubtful accounts of $42,844,045 and $33,350,109, respectively</a></td>
<td class="nump">17,175,376<span></span>
</td>
<td class="nump">24,851,086<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsAndOtherReceivablesNetCurrent', window );">Other receivables, less allowance for doubtful accounts of $81,605 and $60,325, respectively</a></td>
<td class="nump">401,223<span></span>
</td>
<td class="nump">272,199<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AdvancesToSuppliers', window );">Advances to suppliers</a></td>
<td class="nump">8,450,189<span></span>
</td>
<td class="nump">7,889,009<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventory, less allowance for obsolescence of $7,222,881 and $6,934,044, respectively</a></td>
<td class="nump">13,623,919<span></span>
</td>
<td class="nump">15,321,856<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseCurrent', window );">Prepaid expenses</a></td>
<td class="nump">58,102<span></span>
</td>
<td class="nump">404,370<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total Current Assets</a></td>
<td class="nump">44,348,339<span></span>
</td>
<td class="nump">54,492,543<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AdvancesForPurchasesOfIntangibleAssets', window );">Advances for purchases of intangible assets</a></td>
<td class="nump">43,136,305<span></span>
</td>
<td class="nump">42,390,186<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment, net of accumulated depreciation of $8,413,910 and $6,640,718, respectively</a></td>
<td class="nump">32,596,716<span></span>
</td>
<td class="nump">33,881,878<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net of accumulated amortization of $4,389,602 and $4,186,273, respectively</a></td>
<td class="nump">1,154,782<span></span>
</td>
<td class="nump">1,317,221<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">TOTAL ASSETS</a></td>
<td class="nump">121,236,142<span></span>
</td>
<td class="nump">132,081,828<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableTradeCurrent', window );">Trade accounts payable</a></td>
<td class="nump">3,698,993<span></span>
</td>
<td class="nump">2,550,816<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrent', window );">Accrued expenses</a></td>
<td class="nump">253,012<span></span>
</td>
<td class="nump">269,870<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableOtherCurrent', window );">Other payables</a></td>
<td class="nump">1,527,045<span></span>
</td>
<td class="nump">1,401,470<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerAdvancesCurrent', window );">Advances from customers</a></td>
<td class="nump">1,042,971<span></span>
</td>
<td class="nump">2,078,866<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Other payables - related parties</a></td>
<td class="nump">1,354,567<span></span>
</td>
<td class="nump">1,354,567<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermConstructionLoanCurrentAndNoncurrent', window );">Current portion of construction loan facility</a></td>
<td class="nump">1,642,360<span></span>
</td>
<td class="nump">1,629,062<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayableCurrent', window );">Short-term notes payable</a></td>
<td class="nump">4,927,079<span></span>
</td>
<td class="nump">4,887,187<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total Current Liabilities</a></td>
<td class="nump">14,446,027<span></span>
</td>
<td class="nump">14,171,838<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrentAbstract', window );"><strong>Non-current Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermConstructionLoanCurrent', window );">Construction loan facility</a></td>
<td class="nump">11,496,518<span></span>
</td>
<td class="nump">11,403,438<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Long-term deferred tax liability</a></td>
<td class="nump">293,634<span></span>
</td>
<td class="nump">252,707<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total Liabilities</a></td>
<td class="nump">26,236,179<span></span>
</td>
<td class="nump">25,827,983<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholders' Equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares outstanding, respectively</a></td>
<td class="nump">43,580<span></span>
</td>
<td class="nump">43,580<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
<td class="nump">23,590,204<span></span>
</td>
<td class="nump">23,590,204<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">50,759,606<span></span>
</td>
<td class="nump">62,848,901<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss', window );">Accumulated other comprehensive income</a></td>
<td class="nump">20,606,573<span></span>
</td>
<td class="nump">19,771,160<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total Stockholders' Equity</a></td>
<td class="nump">94,999,963<span></span>
</td>
<td class="nump">106,253,845<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</a></td>
<td class="nump">$ 121,236,142<span></span>
</td>
<td class="nump">$ 132,081,828<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AdvancesForPurchasesOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>AdvancesForPurchasesOfIntangibleAssets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AdvancesForPurchasesOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AdvancesToSuppliers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of advances to suppliers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AdvancesToSuppliers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsAndOtherReceivablesNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers, clients, or other third-parties, or arising from transactions not separately disclosed, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsAndOtherReceivablesNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableOtherCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable, which are not elsewhere specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Liabilities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableOtherCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableTradeCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Liabilities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableTradeCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3-4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a(1)<br><br><br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6801-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Cash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Cash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CustomerAdvancesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of prepayments received from customers for goods or services to be provided in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CustomerAdvancesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31931-109318<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31958-109318<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31917-109318<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph k<br><br><br><br> -Subparagraph 1<br><br><br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueToRelatedPartiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16212-109274<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph ((a)(1),(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26713463&amp;loc=d3e16323-109275<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsNetExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermConstructionLoanCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the current portion of a long-term real estate loan to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project (generally one to seven years), usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermConstructionLoanCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermConstructionLoanCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the current and noncurrent portions of a long-term real estate loan with an initial maturity beyond one year or beyond the normal operating cycle, if longer, to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project (generally one to seven years), usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20,22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermConstructionLoanCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 20<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherRestrictedAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other short-term assets not otherwise listed in the existing taxonomy that are pledged or subject to withdrawal restrictions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.8)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherRestrictedAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated other comprehensive Income or Loss at the balance sheet date before fresh-start adjustments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 852<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34712771&amp;loc=d3e56426-112766<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreconfirmationAccumulatedOtherComprehensiveIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6787-107765<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 340<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=47804770&amp;loc=d3e5879-108316<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Assets<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (g)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162853234032">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS AT REPORTING DATE USING (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_FAIRVALUEMEASUREMENTSAtReportingDateUsingAbstract', window );"><strong>FAIR VALUE MEASUREMENTS AT REPORTING DATE USING</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BankersAcceptanceNotes', window );">Bankers acceptance notes</a></td>
<td class="nump">$ 90,330<span></span>
</td>
<td class="nump">$ 458,233<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Total1', window );">Total</a></td>
<td class="nump">90,330<span></span>
</td>
<td class="nump">458,233<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BankersAcceptanceNotesLevel1', window );">Bankers acceptance notes Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalLevel1', window );">Total Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BankersAcceptanceNotesLevel2', window );">Bankers acceptance notes Level 2</a></td>
<td class="nump">90,330<span></span>
</td>
<td class="nump">458,233<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalLevel2', window );">Total Level 2</a></td>
<td class="nump">90,330<span></span>
</td>
<td class="nump">458,233<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BankersAcceptanceNotesLevel3', window );">Bankers acceptance notes Level 3</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalLevel3', window );">Total Level 3</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_BankersAcceptanceNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes,</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes Level 1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_BankersAcceptanceNotesLevel1</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes Level 2</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes Level 3</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total bankers acceptance notes</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_Total1</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes total Level 1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes Level 2 total</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_TotalLevel2</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bankers acceptance notes Level 3 total</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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</TEXT>
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<DOCUMENT>
<TYPE>XML
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828050464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BASIS OF PRESENTATION<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>BASIS OF PRESENTATION</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock', window );">BASIS OF PRESENTATION</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 1 - BASIS OF PRESENTATION</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Organization and Nature of Operations &#150;&nbsp;</i></b>China Pharma Holdings, Inc., a Nevada corporation, owns 100% of Onny Investment Limited (&#147;Onny&#148;), a British Virgin Islands corporation, which owns 100% of Hainan Helpson Medical &amp; Biotechnology Co., Ltd (&#147;Helpson&#148;), a company organized under the laws of the People's Republic of China (the &#147;PRC&#148;). China Pharma Holdings, Inc. and its subsidiaries are referred to herein as the &#147;Company&#148;.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font style='background:white'>On December 31, 2012, China Pharma Holdings, Inc consummated a reincorporation merger for the purpose of changing its state of incorporation from Delaware to Nevada pursuant to the terms and conditions of an Agreement and Plan of Merger dated December 27, 2012.&nbsp;&nbsp;The reincorporation merger was approved by stockholders holding the majority of the Company&#146;s outstanding shares of common stock on December 21, 2012.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Foreign Investment Industrial Catalogue<i>&nbsp;</i>(the &#147;Catalogue&#148;) jointly issued by China&#146;s Ministry of Commerce and the National Development and Reform Commission (the latest version is the 2015 version, effective April 10, 2015) classified various industries/businesses into three different categories: (i) encouraged for foreign investment; (ii) restricted to foreign investment; and (iii) prohibited from foreign investment. For any industry/business not covered by any of these three categories, they will be deemed industries/businesses permitted for foreign investment. A typical foreign investment ownership restriction in the pharmaceutical industry is that a foreign investment enterprise (the &#147;FIE&#148;) shall not have the whole or majority of its equity interests owned by a foreign owner if the FIE establishes more than 30 branch stores and distributes a variety of brands in those franchise stores, which is not the case for the Company&#146;s business.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Helpson manufactures and markets generic and branded pharmaceutical products as well as biochemical products primarily to hospitals and private retailers located throughout the PRC. The Company believes Helpson&#146;s business is not subject to any ownership restrictions prescribed under the Catalogue. Onny acquired 100% of the ownership in Helpson on May 25, 2005 by entering into an Equity Transfer Agreement with Helpson&#146;s three former shareholders. The transaction was approved by the Commercial Bureau of Hainan Province on June 12, 2005 and Helpson received the Certificate of Approval for Establishing of Enterprises with Foreign Investment in the PRC on the same day and its business license evidencing its WFOE (Wholly Foreign Owned Enterprise) status on June 21, 2005.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company has acquired and continues to acquire well-accepted medical formulas to add to its diverse portfolio of Western and Chinese medicines.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Consolidation and Basis of Presentation </i></b>&#150; The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;) and are expressed in United States dollars. The accompanying consolidated financial statements include the accounts and operations of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Helpson&#146;s functional currency is the Chinese Renminbi. Helpson&#146;s revenue and expenses are translated into United States dollars at the average exchange rate for the period. Assets and liabilities are translated at the exchange rate as of the end of the reporting period. Gains or losses from translating Helpson&#146;s financial statements are included in accumulated other comprehensive income, which is a component of stockholders&#146; equity. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity that is a party to the transaction are included in the results of operations.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Condensed Financial Statements </i></b>&#150; The accompanying unaudited condensed consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the &#147;Commission&#148;). Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Management of the Company (&#147;Management&#148;) believes the following disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Commission on March 30, 2015.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>These unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) that, in the opinion of Management, are necessary to present fairly the consolidated financial position and results of operations of the Company for the periods presented. Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;<b><i>Accounting Estimates </i>- </b>The preparation of financial statements in conformity with&nbsp;U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Basic and Diluted Loss per Common Share </i></b><b>- </b>Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is calculated to give effect to any potentially issuable dilutive common shares. There were no potentially dilutive common shares outstanding for all periods presented.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Three Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the&nbsp;Six Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Net loss</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,115,352</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(8,642,950</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(12,089,295</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(11,033,443</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Basic weighted-average common shares outstanding</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Effect of dilutive securities:</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Warrants</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Options</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Diluted weighted-average common shares outstanding</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Basic loss per share</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.09</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.20</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.28</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.25</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Diluted loss per share</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.09</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.20</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.28</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.25</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr></table><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows.  Describes procedure if disclosures are provided in more than one note to the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6003-108592<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162989367872">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>AMORTIZATION EXPENSE (DETAILS) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AmortizationExpenseAbstract', window );"><strong>AMORTIZATION EXPENSE</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AmortizationExpensesRelatingToIntangibleAssets', window );">Amortization expenses relating to intangible assets</a></td>
<td class="nump">$ 75,785<span></span>
</td>
<td class="nump">$ 96,284<span></span>
</td>
<td class="nump">$ 172,511<span></span>
</td>
<td class="nump">$ 193,330<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AmortizationExpenseAbstract</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AmortizationExpensesRelatingToIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization computed on the basis of physical units, with oil and gas converted to a common unit of measure on the basis of their approximate relative energy content.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AmortizationExpensesRelatingToIntangibleAssets</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162825908704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>PROPERTY AND EQUIPMENT (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PropertyAndEquipmentTablesAbstract', window );"><strong>PROPERTY AND EQUIPMENT (Tables)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentTextBlock', window );">Property and equipment consists</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>Property and equipment consisted of the following:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Permit of land use</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>462,600</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,853</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Building</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>11,371,775</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>11,279,704</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Plant, machinery and equipment</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>28,638,117</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>28,358,694</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Motor vehicle</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>258,890</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>150,976</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Office equipment</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>273,348</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>268,521</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Construction in progress</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,896</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,848</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Total</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>41,010,626</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>40,522,596</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Less: accumulated depreciation</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(8,413,910</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(6,640,718</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Property and Equipment, net</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>32,596,716</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>33,881,878</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AReconciliationOfTotalInterestCostIncurredToInterestExpenseTextBlock', window );">A reconciliation of total interest cost incurred to interest expense</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>A reconciliation of total interest cost incurred to interest expense as recognized in the consolidated statement of operations is as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Three Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Six Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Total interest cost incurred</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>322,422</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>345,626</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>636,197</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>621,841</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Interest cost capitalized</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>232,263</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>452,031</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Interest expense</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>322,422</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>113,363</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>636,197</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>169,810</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_UsefulLivesOfTheAssetsTableTextBlock', window );">Useful lives of the assets</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="40%" style='width:40%'> <tr> <td valign="top" width="33%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:33%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>Asset</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:2%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>&nbsp;Life - years</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Permit of land use</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>40 - 70</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Building</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>20 - 49</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Plant, machinery and equipment</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>5 - 10</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Motor vehicle</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>5 - 10</p></td></tr> <tr> <td valign="top" width="33%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:33%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Office equipment</p></td> <td valign="top" width="2%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:2%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>3-5</p></td></tr></table></div> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for reconciliation of total interest cost incurred to interest expense</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of useful lives of the assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph b<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162853231440">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS (DETAILS)<br></strong></div></th>
<th class="th">
<div>Jun. 30, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract', window );"><strong>Advances for purchase of intangible assets details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_CompanyWasObligatedToPayLaboratories', window );">Company was obligated to pay laboratories</a></td>
<td class="nump">$ 4,200,000<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>AdvancesForPurchaseOfIntangibleAssetsDetailsAbstract [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>CompanyWasObligatedToPayLaboratories</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162983707488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>SCHEDULE OF LONG - TERM DEBT INSTRUMENTS (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_ScheduleOfLongTermDebtInstrumentsAbstract', window );"><strong>Schedule of Long-term Debt Instruments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock', window );">Schedule of Long-term Debt Instruments</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>Principal payments required for the next five years as of June 30, 2015 are as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="40%" style='width:40%'> <tr> <td valign="bottom" width="82%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:82%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Year</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="16%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:16%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Amount</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2015</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,642,360</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2016</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,642,360</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2017</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2018</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2019</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Thereafter</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="15%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>13,138,878</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_ScheduleOfLongTermDebtInstrumentsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 470<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6479336&amp;loc=d3e64711-112823<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(e),(f))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 835<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34725769&amp;loc=d3e28878-108400<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21538-112644<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21506-112644<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 835<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6451184&amp;loc=d3e28541-108399<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 835<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6451184&amp;loc=d3e28551-108399<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21521-112644<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br></p></div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838092784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INVENTORY.<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureAbstract', window );"><strong>INVENTORY</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureTextBlock', window );">INVENTORY</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 2 &#150; INVENTORY</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Inventory consisted of the following:&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Raw materials</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>17,016,993</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>18,819,570</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Work in process</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Finished goods</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>3,829,807</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>3,436,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>20,846,800</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>22,255,900</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Obsolescence reserve</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(7,222,881</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(6,934,044</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Total Inventory</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>13,623,919</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>15,321,856</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph a, b, c<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828506256">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS PARENTHETICALS - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockTransactionsParentheticalDisclosuresAbstract', window );"><strong>Parentheticals</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Allowance for doubtful accounts on trade accounts receivables</a></td>
<td class="nump">$ 42,844,045<span></span>
</td>
<td class="nump">$ 33,350,109<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AllowanceForDoubtfulAccountsOnOtherReceivables', window );">Allowance for doubtful accounts on other receivables</a></td>
<td class="nump">81,605<span></span>
</td>
<td class="nump">60,325<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AllowanceForObsolescenceOfInventory', window );">Allowance for obsolescence of inventory</a></td>
<td class="nump">7,222,881<span></span>
</td>
<td class="nump">6,934,044<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Accumulated depreciation on property and equipment</a></td>
<td class="nump">8,413,910<span></span>
</td>
<td class="nump">6,640,718<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization on intangible assets</a></td>
<td class="nump">$ 4,389,602<span></span>
</td>
<td class="nump">$ 4,186,273<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred Stock, par or stated value</a></td>
<td class="nump">$ 0.001<span></span>
</td>
<td class="nump">$ 0.001<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred Stock, shares authorized</a></td>
<td class="nump">5,000,000<span></span>
</td>
<td class="nump">5,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred Stock, shares issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred Stock, shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common Stock, par or stated value</a></td>
<td class="nump">$ 0.001<span></span>
</td>
<td class="nump">$ 0.001<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common Stock, shares authorized</a></td>
<td class="nump">95,000,000<span></span>
</td>
<td class="nump">95,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common Stock, shares issued</a></td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common Stock, shares outstanding</a></td>
<td class="nump">43,579,557<span></span>
</td>
<td class="nump">43,579,557<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AllowanceForDoubtfulAccountsOnOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A valuation allowance for other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AllowanceForDoubtfulAccountsOnOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AllowanceForObsolescenceOfInventory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Allowance for obsolescence of inventory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AllowanceForObsolescenceOfInventory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.14)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 14<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=d3e5074-111524<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (a)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26713463&amp;loc=d3e16323-109275<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828054608">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTINGENCIES<br></strong></div></th>
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<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 12 &#150; CONTINGENCIES</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Economic environment </i></b><b>- </b>Substantially all of the Company's operations are conducted in the PRC, and therefore the Company is subject to special considerations and significant risks not typically associated with companies operating in the United States of America. These risks include, among others, the political, economic and legal environments and fluctuations in the foreign currency exchange rate. The Company's results from operations may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The unfavorable changes in global macroeconomic factors may also adversely affect the Company&#146;s operations.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>In addition, all of the Company's revenue is denominated in the PRC's currency of Renminbi (RMB), which must be converted into other currencies before remittance out of the PRC. Both the conversion of RMB into foreign currencies and the remittance of foreign currencies abroad require approval of the PRC government.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6449706&amp;loc=d3e16207-108621<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 460<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6398077&amp;loc=d3e12565-110249<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14435-108349<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 440<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394976&amp;loc=d3e25287-109308<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828589456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - shares<br></strong></div></th>
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<td class="text">10-Q<span></span>
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<td class="text">2015<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation 12B<br><br><br><br> -Number 240<br><br><br><br> -Section 12b<br><br><br><br> -Subsection 1<br><br><br><br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation 12B<br><br><br><br> -Number 240<br><br><br><br> -Section 12b<br><br><br><br> -Subsection 1<br><br><br><br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONCENTRATIONS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 13 &#150; CONCENTRATIONS</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>At June 30, 2015, two customers accounted for 17.3% and 10.7% of accounts receivable.&nbsp;&nbsp;At December 31, 2014, one customer accounted for 17.7% of accounts receivable.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>For the six months ended June 30, 2015 and 2014, one customer accounted for 12.7% and 15.9% of sales, respectively.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>For the six months ended June 30, 2015 and 2014, purchases from one supplier accounted for 25.7% and 14.4% of raw material purchases, respectively.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6327-108592<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13531-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6404-108592<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 21<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6442-108592<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6351-108592<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 21<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13537-108611<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828615760">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenue</a></td>
<td class="nump">$ 5,674,175<span></span>
</td>
<td class="nump">$ 6,130,544<span></span>
</td>
<td class="nump">$ 11,369,105<span></span>
</td>
<td class="nump">$ 13,236,059<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Cost of revenue</a></td>
<td class="nump">4,511,951<span></span>
</td>
<td class="nump">3,713,147<span></span>
</td>
<td class="nump">8,946,657<span></span>
</td>
<td class="nump">8,158,276<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWriteDown', window );">Inventory obsolescence</a></td>
<td class="nump">1,218,051<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,419,148<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross (loss) profit</a></td>
<td class="num">(55,827)<span></span>
</td>
<td class="nump">2,417,397<span></span>
</td>
<td class="nump">1,003,300<span></span>
</td>
<td class="nump">5,077,783<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingExpense', window );">Selling expenses</a></td>
<td class="nump">1,012,463<span></span>
</td>
<td class="nump">627,442<span></span>
</td>
<td class="nump">2,001,416<span></span>
</td>
<td class="nump">1,447,847<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">459,026<span></span>
</td>
<td class="nump">382,832<span></span>
</td>
<td class="nump">931,455<span></span>
</td>
<td class="nump">806,759<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development expenses</a></td>
<td class="nump">174,850<span></span>
</td>
<td class="nump">1,902,027<span></span>
</td>
<td class="nump">335,678<span></span>
</td>
<td class="nump">2,346,434<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Bad debt expense</a></td>
<td class="nump">2,101,558<span></span>
</td>
<td class="nump">8,032,315<span></span>
</td>
<td class="nump">9,206,214<span></span>
</td>
<td class="nump">11,340,444<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
<td class="nump">3,747,897<span></span>
</td>
<td class="nump">10,944,616<span></span>
</td>
<td class="nump">12,474,763<span></span>
</td>
<td class="nump">15,941,484<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Loss from operations</a></td>
<td class="num">(3,803,724)<span></span>
</td>
<td class="num">(8,527,219)<span></span>
</td>
<td class="num">(11,471,463)<span></span>
</td>
<td class="num">(10,863,701)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other income (expense):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">30,222<span></span>
</td>
<td class="nump">16,828<span></span>
</td>
<td class="nump">57,077<span></span>
</td>
<td class="nump">38,611<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(322,422)<span></span>
</td>
<td class="num">(113,363)<span></span>
</td>
<td class="num">(636,197)<span></span>
</td>
<td class="num">(169,810)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Net other expense</a></td>
<td class="num">(292,200)<span></span>
</td>
<td class="num">(96,535)<span></span>
</td>
<td class="num">(579,120)<span></span>
</td>
<td class="num">(131,199)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Loss before income taxes</a></td>
<td class="num">(4,095,924)<span></span>
</td>
<td class="num">(8,623,754)<span></span>
</td>
<td class="num">(12,050,583)<span></span>
</td>
<td class="num">(10,994,900)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax expense</a></td>
<td class="num">(19,428)<span></span>
</td>
<td class="num">(19,196)<span></span>
</td>
<td class="num">(38,712)<span></span>
</td>
<td class="num">(38,543)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="num">(4,115,352)<span></span>
</td>
<td class="num">(8,642,950)<span></span>
</td>
<td class="num">(12,089,295)<span></span>
</td>
<td class="num">(11,033,443)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Other comprehensive income (loss) - foreign currency translation adjustment</a></td>
<td class="nump">348,857<span></span>
</td>
<td class="nump">153,664<span></span>
</td>
<td class="nump">835,413<span></span>
</td>
<td class="num">(961,320)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Comprehensive loss</a></td>
<td class="num">$ (3,766,495)<span></span>
</td>
<td class="num">$ (8,489,286)<span></span>
</td>
<td class="num">$ (11,253,882)<span></span>
</td>
<td class="num">$ (11,994,763)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Loss per share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="num">$ (0.20)<span></span>
</td>
<td class="num">$ (0.28)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="num">$ (0.20)<span></span>
</td>
<td class="num">$ (0.28)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cost of goods produced and sold and services rendered during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 2<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 52<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.23)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1,2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 940<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35710027&amp;loc=d3e41242-110953<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 10<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (a),(b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Income Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Article 4<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 835<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryWriteDown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360613&amp;loc=d3e4542-108314<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryWriteDown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.7(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 7<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 20<br><br><br><br> -Subparagraph (b,c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32211-110900<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 10A<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669646-108580<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669619-108580<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents a sum total of expenses not separately reflected on the income statement for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.4,6)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 7<br><br><br><br> -Article 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 19<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4K<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591552-111686<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1A<br><br><br><br> -Subparagraph (a),(c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4J<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4591551-111686<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvisionForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.5)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 5<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvisionForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ResearchAndDevelopmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 730<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 985<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ResearchAndDevelopmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SellingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expenses recognized in the period that are directly related to the selling and distribution of products or services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162827932144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES PAYABLE<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_NotesPayable1Abstract', window );"><strong>NOTES PAYABLES</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureTextBlock', window );">NOTES PAYABLES</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 7 &#150; NOTES PAYABLE</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>In November 2014, the Company entered into a line of credit with a bank in the amount of RMB 30,000,000.&nbsp;&nbsp;The amounts advanced under the line of credit are due November 24, 2015. Advances on the line of credit are due one year from the date of the advance and are collateralized by certain land use rights, buildings and accounts receivable and bear interest at an annual rate of 6.16% (based upon 110% of the PRC government&#146;s current short term rate of 5.6%). In addition, the Company&#146;s Chief Executive Officer and Chair of the board of directors personally guaranteed the line of credit.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The outstanding balance due under the revolving line of credit was RMB 30,000,000 as of June 30, 2015 and December 31, 2014 ($4,927,079 as of June 30, 2015 and $4,887,187 as of December 31, 2014).&nbsp;&nbsp;The Company has no additional amounts available to it under this line of credit.&nbsp;&nbsp;This amount has been classified as short-term notes payable in the accompanying condensed consolidated balance sheets at June 30, 2015 and December 31, 2014.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20,22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 20, 22<br><br><br><br> -Article 5<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162845617152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsAbstract', window );"><strong>RELATED PARTY TRANSACTIONS</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 6 &#150; RELATED PARTY TRANSACTIONS</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Total advances owing to a board member were $1,354,567 as of June 30, 2015 and December 31, 2014, respectively, and are recorded as &#147;other payables &#150; related parties&#148; on the accompanying condensed consolidated balance sheets. The advances bear interest at a rate of 1.0% per year and is payable on December 31, 2015.&nbsp;&nbsp;Total interest expense of $3,386 and $3,386, $6,772 and $6,772 was recognized for the three and six months ended June 30, 2015 and 2014, respectively.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39678-107864<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39691-107864<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph b<br><br><br><br> -Article 3A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph k<br><br><br><br> -Article 4<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162826089456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INTANGIBLE ASSETS (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IntangibleAssetsTablesAbstract', window );"><strong>Intangible Assets (Tables)</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IntangibleAssetsMedicalFormulasTablesTextBlock', window );">Intangible Assets Medical Formulas</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>As of June 30, 2015 and December 31, 2014, intangible assets consisted solely of CFDA approved medical formulas as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Gross carrying amount</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,544,384</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>5,499,494</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Accumulated amortization</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,389,602</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,182,273</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Net carrying amount</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,154,782</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,317,221</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabluar disclosure of Intangible Assets Medical Formulas</p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162835179008">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES (POLICIES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AccountingPoliciesPoliciesAbstract', window );"><strong>ACCOUNTING POLICIES (POLICIES)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfOperations', window );">Organization and Nature of Operations</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b><i>Organization and Nature of Operations &#150;&nbsp;</i></b>China Pharma Holdings, Inc., a Nevada corporation, owns 100% of Onny Investment Limited (&#147;Onny&#148;), a British Virgin Islands corporation, which owns 100% of Hainan Helpson Medical &amp; Biotechnology Co., Ltd (&#147;Helpson&#148;), a company organized under the laws of the People's Republic of China (the &#147;PRC&#148;). China Pharma Holdings, Inc. and its subsidiaries are referred to herein as the &#147;Company&#148;.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font style='background:white'>On December 31, 2012, China Pharma Holdings, Inc consummated a reincorporation merger for the purpose of changing its state of incorporation from Delaware to Nevada pursuant to the terms and conditions of an Agreement and Plan of Merger dated December 27, 2012.&nbsp;&nbsp;The reincorporation merger was approved by stockholders holding the majority of the Company&#146;s outstanding shares of common stock on December 21, 2012.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Foreign Investment Industrial Catalogue<i>&nbsp;</i>(the &#147;Catalogue&#148;) jointly issued by China&#146;s Ministry of Commerce and the National Development and Reform Commission (the latest version is the 2015 version, effective April 10, 2015) classified various industries/businesses into three different categories: (i) encouraged for foreign investment; (ii) restricted to foreign investment; and (iii) prohibited from foreign investment. For any industry/business not covered by any of these three categories, they will be deemed industries/businesses permitted for foreign investment. A typical foreign investment ownership restriction in the pharmaceutical industry is that a foreign investment enterprise (the &#147;FIE&#148;) shall not have the whole or majority of its equity interests owned by a foreign owner if the FIE establishes more than 30 branch stores and distributes a variety of brands in those franchise stores, which is not the case for the Company&#146;s business.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Helpson manufactures and markets generic and branded pharmaceutical products as well as biochemical products primarily to hospitals and private retailers located throughout the PRC. The Company believes Helpson&#146;s business is not subject to any ownership restrictions prescribed under the Catalogue. Onny acquired 100% of the ownership in Helpson on May 25, 2005 by entering into an Equity Transfer Agreement with Helpson&#146;s three former shareholders. The transaction was approved by the Commercial Bureau of Hainan Province on June 12, 2005 and Helpson received the Certificate of Approval for Establishing of Enterprises with Foreign Investment in the PRC on the same day and its business license evidencing its WFOE (Wholly Foreign Owned Enterprise) status on June 21, 2005.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company has acquired and continues to acquire well-accepted medical formulas to add to its diverse portfolio of Western and Chinese medicines.</p><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Consolidation and Basis of Presentation</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b><i>Consolidation and Basis of Presentation </i></b>&#150; The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;) and are expressed in United States dollars. The accompanying consolidated financial statements include the accounts and operations of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Helpson&#146;s functional currency is the Chinese Renminbi. Helpson&#146;s revenue and expenses are translated into United States dollars at the average exchange rate for the period. Assets and liabilities are translated at the exchange rate as of the end of the reporting period. Gains or losses from translating Helpson&#146;s financial statements are included in accumulated other comprehensive income, which is a component of stockholders&#146; equity. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity that is a party to the transaction are included in the results of operations.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOfFinancialInstrumentsPolicy', window );">Condensed Financial Statements</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b><i>Condensed Financial Statements </i></b>&#150; The accompanying unaudited condensed consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the &#147;Commission&#148;). Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Management of the Company (&#147;Management&#148;) believes the following disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Commission on March 30, 2015.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>These unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) that, in the opinion of Management, are necessary to present fairly the consolidated financial position and results of operations of the Company for the periods presented. Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Accounting Estimates</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;<b><i>Accounting Estimates </i>- </b>The preparation of financial statements in conformity with&nbsp;U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerSharePolicyTextBlock', window );">Basic and Diluted (Loss) Earnings per Common Share</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b><i>Basic and Diluted Loss per Common Share </i></b><b>- </b>Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is calculated to give effect to any potentially issuable dilutive common shares. There were no potentially dilutive common shares outstanding for all periods presented.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Three Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the&nbsp;Six Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Net loss</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,115,352</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(8,642,950</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(12,089,295</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(11,033,443</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Basic weighted-average common shares outstanding</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Effect of dilutive securities:</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Warrants</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Options</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Diluted weighted-average common shares outstanding</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Basic loss per share</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.09</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.20</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.28</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.25</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Diluted loss per share</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.09</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.20</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.28</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.25</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr></table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AccountingPoliciesPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=d3e5614-111684<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.3A-02)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph k<br><br><br><br> -Article 1<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02, 03<br><br><br><br> -Article 3A<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerSharePolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3630-109257<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerSharePolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOfFinancialInstrumentsPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for determining the fair value of financial instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13279-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 60<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7493716&amp;loc=d3e21868-110260<br><br><br><br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6003-108592<br><br><br><br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6061-108592<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6143-108592<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6132-108592<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140163038605104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>FAIR VALUE MEASUREMENTS</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementInputsDisclosureTextBlock', window );">FAIR VALUE MEASUREMENTS</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 10 &#150; FAIR VALUE MEASUREMENTS</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. To measure fair value, a hierarchy has been established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Level 1 &#150; Quoted prices in active markets for identical assets or liabilities;</p> <p style='margin:0cm 0cm 0pt'>Level 2 &#150; Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data;</p> <p style='margin:0cm 0cm 0pt'>Level 3 &#150; Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company uses fair value to measure the value of the banker&#146;s acceptance notes it holds.&nbsp;&nbsp;The banker&#146;s acceptance notes are recorded at cost which approximates fair value.&nbsp;&nbsp;The Company held the following assets recorded at fair value as of June 30, 2015 and December 31, 2014:&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Fair Value Measurements at</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Reporting Date Using</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Description</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30, 2015</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 1</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 2</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 3</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Banker's acceptance notes</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Total</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Fair Value Measurements at</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Reporting Date Using</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Description</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31, 2014</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 1</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 2</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 3</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Banker's acceptance notes</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Total</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19279-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19190-110258<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSTRUCTION LOAN FACILITY.<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_DebtAbstract', window );"><strong>CONSTRUCTION LOAN FACILITY</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtTextBlock', window );">CONSTRUCTION LOAN FACILITY</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 8 &#150; CONSTRUCTION LOAN FACILITY</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company obtained a construction loan facility in the amount of RMB 80,000,000 (approximately $13.0 million at June 30, 2015) from a construction loan facility dated June 21, 2013. The loan facility is for an eight-year term, which commenced on the initial draw-down date of July 11, 2013, and is from the same bank that currently provides the line of credit as discussed in Note 7.&nbsp;&nbsp;The proceeds of the loan were used for and are collateralized by the construction of the Company&#146;s new production facility and the included production line equipment and machinery. The loan bears interest at 7.205% based upon 110% of the PRC government&#146;s eight-year term rate effective on the actual draw-down date, and is subjected 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.&nbsp;On July 10, 2015 the interest rate was adjusted to 5.94%. &nbsp;The loan requires interest only payments for the first two years. Beginning July 11, 2015, the balance of the principal will be due in annual installments which are due prior to July 10 of the following year over the next six years through July 11, 2021. No principal payments have been made under the facility as of the date of this report on Form 10-Q. As of June 30, 2015, the Company had no additional amounts available to it under this facility.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Principal payments required for the next five years as of June 30, 2015 are as follows:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="40%" style='width:40%'> <tr> <td valign="bottom" width="82%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:82%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Year</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="16%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:16%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Amount</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2015</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,642,360</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2016</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>1,642,360</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2017</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2018</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>2019</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:82%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Thereafter</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="15%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>2,463,540</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="82%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:82%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="15%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>13,138,878</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Fair Value of</i></b> <b><i>Notes Payable and Construction Loan Facility</i></b> &#150; Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the carrying amounts of notes payable and the construction loan facility outstanding as of June 30, 2015 and December 31, 2014 approximated their fair value because of either the immediate or short-term maturity of these financial instruments or because the underlying instruments bear interest rates that approximated current market rates.&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br></p></div>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162845657376">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>INCOME TAXES</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">INCOME TAXES</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 9 - INCOME TAXES</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax laws or rates are recognized in operations in the period that includes the enactment date.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Undistributed earnings of Helpson, the Company&#146;s foreign subsidiary, since its acquisition, amounted to approximately $56.5 million at June 30, 2015. Those earnings, as well as the investment in Helpson of approximately $23.3 million, are considered to be indefinitely reinvested and, accordingly, no U.S. federal or state income taxes have been provided thereon. Upon distribution of those earnings in the form of dividends or otherwise, the Company would be subject to U.S. federal and state income taxes (net of an adjustment for foreign tax credits) and withholding taxes payable to the PRC. Determination of the amount of unrecognized deferred U.S. income tax liability is not practicable because of the complexities associated with its hypothetical calculation; however, unrecognized foreign tax credits may be available to reduce a portion of the U.S. tax liability.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Under current tax law in the PRC, the Company is and will be subject to the following enterprise income tax rates:&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="40%" style='width:40%'> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Enterprise Income </b></p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Year</b></p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:3%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:15%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Tax Rate</b></p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2014</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>15%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2015</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>15%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2016</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>15%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>2017</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>25%</p></td></tr> <tr> <td valign="top" width="13%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:13%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>Thereafter</p></td> <td valign="top" width="3%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:3%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="top" width="15%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:15%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>25%</p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The provision for income taxes consisted of the following:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Three months ended March 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Six months ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Current</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Deferred</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,428</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,196</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,712</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,543</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Total income tax (benefit) expense</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,428</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(19,196</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,712</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(38,543</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company has net operating loss carry forwards for PRC tax purposes of approximately $14.0 million at June 30, 2015, of which approximately $6.9 million, $4.4 million and $2.7 million is available to offset future taxable income through 2018, 2019 and 2020, respectively.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>In assessing the realizability of deferred tax assets, Management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.&nbsp;&nbsp;The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those differences become deductible or tax loss carry forwards are utilized.&nbsp;&nbsp;Management considers projected future taxable income and tax planning strategies in making this assessment.&nbsp;&nbsp;Based upon an assessment of the level of historical taxable income and projections for future taxable income over the periods on which the deferred tax assets are deductible or can be utilized, Management believes it is not likely the Company will realize all of the benefits of the deferred tax assets as of June 30, 2015 and December 31, 2014.&nbsp;&nbsp;Therefore, the Company has provided for a valuation allowance against its deferred tax assets of $9,655,878 and $8,952,768 as of June 30, 2015 and December 31, 2014, respectively.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company also incurred various other taxes, comprised primarily of business taxes, value-added taxes, urban construction taxes, education surcharges and others. Any unpaid amounts are reflected on the balance sheets as accrued taxes payable.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Article 4<br><br><br><br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STOCKHOLDERS' EQUITY<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 11 - STOCKHOLDERS' EQUITY</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Preferred and Common Stock</i></b> &#150; The total number of authorized shares is 95,000,000 shares of common stock and 5,000,000 shares of preferred stock. The preferred stock may be issued in series with such designations, preferences, stated values, rights, qualifications or limitations as determined solely by the Company&#146;s Board of Directors.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><i>Stock and Stock Options</i></b> &#150; On November 12, 2010, the Company&#146;s Board of Directors adopted, and on December 22, 2010, its stockholders approved the Company&#146;s 2010 Incentive Plan (the &#147;Plan&#148;), which gave the Company the ability to grant stock options, restricted stock, stock appreciation rights and performance units to its employees, directors and consultants, or those who will become employees, directors and consultants of the Company and/or its subsidiaries. The Plan currently allows for equity awards of up to 4,000,000 shares of common stock. Through June 30, 2015, there were no options to purchase common stock and 175,000 shares of restricted stock granted and outstanding under the Plan.&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>There were no securities issued from the Plan during the six months ended June 30, 2015 and at June 30, 2015 there was no unrecognized compensation expense related to securities granted under the Plan.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(d),(e))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21484-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21488-112644<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 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FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23285-112656<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Preferred Stock<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6521494<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21564-112644<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph d<br><br><br><br> -Article 4<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br>Reference 17: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Article 4<br><br><br><br>Reference 18: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section C<br><br><br><br>Reference 19: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828641824">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>INTANGIBLE ASSETS CFDA APPROVED MEDICAL FORMULAS (DETAILS) - USD ($)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
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<tr class="re">
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 5,499,494<span></span>
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<td class="num">(4,389,602)<span></span>
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<td class="num">(4,182,273)<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_NetCarryingAmount', window );">Net carrying amount</a></td>
<td class="nump">$ 1,154,782<span></span>
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<td class="nump">$ 1,317,221<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amortization on long-term land leases capitalized as part of real property.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross carrying amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net carrying amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162835075408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INVENTORY (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InventoryTablesAbstract', window );"><strong>INVENTORY (Tables)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInventoryCurrentTableTextBlock', window );">Inventory consists</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>Inventory consisted of the following:&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Raw materials</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>17,016,993</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>18,819,570</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Work in process</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Finished goods</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>3,829,807</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>3,436,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>20,846,800</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>22,255,900</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:76%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Obsolescence reserve</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(7,222,881</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(6,934,044</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:76%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Total Inventory</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>13,623,919</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>15,321,856</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_InventoryTablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InventoryTablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInventoryCurrentTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 2<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph a,b,c<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInventoryCurrentTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162845597744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FAIR VALUE MEASUREMENTS (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_FairValueMeasurementsTablesAbstract', window );"><strong>FAIR VALUE MEASUREMENTS (Tables)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AssetsFairValuesTablETextBlock', window );">Assets Fair Value</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>The Company uses fair value to measure the value of the banker&#146;s acceptance notes it holds.&nbsp;&nbsp;The banker&#146;s acceptance notes are recorded at cost which approximates fair value.&nbsp;&nbsp;The Company held the following assets recorded at fair value as of June 30, 2015 and December 31, 2014:&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Fair Value Measurements at</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Reporting Date Using</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Description</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>June 30, 2015</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 1</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 2</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 3</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Banker's acceptance notes</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Total</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>90,330</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Fair Value Measurements at</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="12%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="34%" colspan="10" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:34%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Reporting Date Using</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>Description</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="13%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:13%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>December 31, 2014</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 1</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 2</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" width="10%" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:10%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Level 3</b></p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:49%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Banker's acceptance notes</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:12%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="49%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:49%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Total</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="12%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:12%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>458,233</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;width:9%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;background-color:transparent;padding-left:0cm;width:1%;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr></table> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of assets vair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_FairValueMeasurementsTablesAbstract</td>
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</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162838483136">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>PRINCIPAL PAYMENTS REQUIRED FOR THE NEXT FIVE YEARS ARE AS FOLLOWS: (DETAILS)<br></strong></div></th>
<th class="th">
<div>Jun. 30, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract', window );"><strong>Principal payments required for the next five years are as follows:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPayments2015', window );">Principal Payments 2015</a></td>
<td class="nump">$ 1,642,360<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPayments2016', window );">Principal Payments 2016</a></td>
<td class="nump">1,642,360<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPayments2017', window );">Principal Payments 2017</a></td>
<td class="nump">2,463,540<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPayments2018', window );">Principal Payments 2018</a></td>
<td class="nump">2,463,540<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPayments2019', window );">Principal Payments 2019</a></td>
<td class="nump">2,463,540<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_PrincipalPaymentsThereafter', window );">Principal Payments Thereafter</a></td>
<td class="nump">2,463,540<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_TotalPrincipalPaymentsDue', window );">Total principal payments due</a></td>
<td class="nump">$ 13,138,878<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPayments2015">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the total principal payments made during the annual reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPayments2015</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPayments2016">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the total principal payments made during the annual reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPayments2016</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPayments2017">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the total principal payments made during the annual reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPayments2017</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPayments2018">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the total principal payments made during the annual reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPayments2018</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPayments2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Principal amount paid by the company in 2019</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPayments2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPaymentsRequiredForTheNextFiveYearsAreAsFollowsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_PrincipalPaymentsThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the total principal payments made during the annual reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_PrincipalPaymentsThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_TotalPrincipalPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total Principal amount due by the company</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_TotalPrincipalPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162828673936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows from Operating Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
<td class="num">$ (12,089,295)<span></span>
</td>
<td class="num">$ (11,033,443)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">1,884,749<span></span>
</td>
<td class="nump">596,819<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IncreaseInBadDebtExpense', window );">Bad debt expense.</a></td>
<td class="nump">9,206,214<span></span>
</td>
<td class="nump">11,340,444<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InventoryObsolescenceReserve', window );">Inventory obsolencence reserve</a></td>
<td class="nump">231,326<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income taxes</a></td>
<td class="nump">38,712<span></span>
</td>
<td class="nump">38,543<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in assets and liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables', window );">Trade accounts and other receivables</a></td>
<td class="num">(2,437,248)<span></span>
</td>
<td class="num">(3,707,678)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDepositOtherAssets', window );">Advances to suppliers</a></td>
<td class="num">(494,834)<span></span>
</td>
<td class="nump">429,998<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventory</a></td>
<td class="nump">2,508,519<span></span>
</td>
<td class="nump">4,781,501<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableTrade', window );">Trade accounts payable.</a></td>
<td class="nump">1,231,153<span></span>
</td>
<td class="nump">714,380<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedTaxesPayable', window );">Accrued taxes payable</a></td>
<td class="nump">81,600<span></span>
</td>
<td class="num">(35,513)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Other payables and accrued expenses</a></td>
<td class="nump">23,927<span></span>
</td>
<td class="num">(124,072)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInCustomerAdvances', window );">Advances from customers.</a></td>
<td class="num">(1,048,730)<span></span>
</td>
<td class="num">(587,165)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidExpense', window );">Prepaid expenses</a></td>
<td class="nump">348,196<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net Cash Provided by Operating Activities</a></td>
<td class="num">(515,711)<span></span>
</td>
<td class="nump">2,413,814<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows from Investing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchases of property and equipment and</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForConstructionInProcess', window );">construction in process</a></td>
<td class="num">(264,869)<span></span>
</td>
<td class="num">(4,543,490)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net Cash Used in Investing Activities</a></td>
<td class="num">(264,869)<span></span>
</td>
<td class="num">(4,543,490)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows from Financing Activity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromConstructionLoansPayable', window );">Proceeds from construction term loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">605,347<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net Cash Provided by Financing Activity</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">605,347<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">Effect of Exchange Rate Changes on Cash</a></td>
<td class="nump">9,790<span></span>
</td>
<td class="num">(43,066)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net (Decrease) Increase in Cash and Cash Equivalents</a></td>
<td class="num">(770,790)<span></span>
</td>
<td class="num">(1,567,395)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_CashAndCashEquivalentsAtBeginningOfPeriod', window );">Cash and Cash Equivalents at Beginning of Period</a></td>
<td class="nump">5,319,990<span></span>
</td>
<td class="nump">5,993,139<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_CashAndCashEquivalentsAtEndOfPeriod', window );">Cash and Cash Equivalents at End of Period</a></td>
<td class="nump">4,549,200<span></span>
</td>
<td class="nump">4,425,744<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental Cash Flow Information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaid', window );">Cash paid for interest</a></td>
<td class="nump">629,424<span></span>
</td>
<td class="nump">621,841<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Cash paid for income taxes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', window );"><strong>Supplemental Noncash Investing and Financing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AccountsPayableForPurchasesOfPropertyAndEquipment', window );">Accounts payable for purchases of property and equipment</a></td>
<td class="nump">108,224<span></span>
</td>
<td class="nump">35,275<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AccountsReceivableCollectedWithBankerSAcceptances', window );">Accounts receivable collected with banker's acceptances</a></td>
<td class="nump">952,353<span></span>
</td>
<td class="nump">944,624<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InventoryPurchasedWithBankerSAcceptances', window );">Inventory purchased with banker's acceptances</a></td>
<td class="nump">924,000<span></span>
</td>
<td class="nump">1,235,956<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances', window );">Advances for intangible assets purchased with banker's acceptances</a></td>
<td class="nump">$ 398,537<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AccountsPayableForPurchasesOfPropertyAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accounts receivable collected with banker's acceptances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AccountsPayableForPurchasesOfPropertyAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AccountsReceivableCollectedWithBankerSAcceptances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accounts receivable collected with banker's acceptances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AccountsReceivableCollectedWithBankerSAcceptances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advances for intangible assets purchased with banker's acceptances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_AdvancesForIntangibleAssetsPurchasedWithBankerSAcceptances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_CashAndCashEquivalentsAtBeginningOfPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_CashAndCashEquivalentsAtBeginningOfPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_CashAndCashEquivalentsAtEndOfPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_CashAndCashEquivalentsAtEndOfPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_IncreaseInBadDebtExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_IncreaseInBadDebtExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_InventoryObsolescenceReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Inventory obsolescence reserve</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InventoryObsolescenceReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_InventoryPurchasedWithBankerSAcceptances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Inventory purchased with banker's acceptances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_InventoryPurchasedWithBankerSAcceptances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 230<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Article 4<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationDepletionAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 230<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableTrade">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableTrade</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInCustomerAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInCustomerAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDepositOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in moneys or securities given as security including, but not limited to, contract, escrow, or earnest money deposits, retainage (if applicable), deposits with clearing organizations and others, collateral, or margin deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDepositOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid for interest during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 26<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 26<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForConstructionInProcess">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow from construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForConstructionInProcess</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromConstructionLoansPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings to finance the cost of construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromConstructionLoansPayable</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162845666128">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS.<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_AdvancesForPurchasesOfIntangibleAssetsAbstract', window );"><strong>ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'><b>NOTE 5 &#150; ADVANCES FOR PURCHASES OF INTANGIBLE ASSETS</b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>In order to expand the number of medicines the Company manufactured and marketed, the Company has entered into contracts with independent laboratories for the purchase of medical formulas. Although CFDA approval had not been obtained for certain medical formulas as of the dates of the respective contracts, the objective of the contracts is for the Company to purchase CFDA-approved medical formulas once the CFDA approval process is completed. Some of the medical formulas currently under the CFDA&#146;s review also come with patents. As of June 30, 2015, the Company had received the title to two unexpired patents that relate to medical formulas currently in the CFDA approval process.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Prior to entering into contracts with the Company, laboratories typically are required to complete all&nbsp;&nbsp;research and development to determine the content of the medical formula and the method to produce the generic medicine. The application for CFDA&#146;s production approval must be made by the production facility that will produce the related product. As a result, a contract typically provides that once the Company buys the medical formula from the laboratory, the laboratory is required to assist the Company in applying for and obtaining the production approval from the CFDA.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>A typical CFDA approval process for the production of a generic medical product involves a number of steps that generally require three to five years to complete. If the medical formula is purchased at the point when the generic medical product receives the CFDA&#146;s approval for a clinical study, which is very typical for the Company, the clinical study that follows will usually take from one and a half to three years to complete. After completing the clinical study, the results are submitted to the CFDA and a production approval application is filed with the CFDA. In most cases, it will take between eight to eighteen months to prepare and submit the application and finally obtain the CFDA production approval. Upon approving the generic medical product, the CFDA issues a production certificate and the Company can commence the production and sales of the generic medical product. As a result of this process, CFDA approval is expected to be received in approximately two to five years from the date&nbsp;&nbsp;the Company signs the medical formula contracts.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>Under the terms of the contracts, the laboratories are required to assist the Company in obtaining production approval for the medical formulas from the CFDA. Management monitors the status of each medical formula on a regular basis in order to assess whether the laboratories are performing adequately under the contracts. If a medical product is not approved by the CFDA, as evidenced by their issuance of a denial letter, or if the laboratory breaches the contract, the laboratory is required under the contract to provide a refund to the Company of the full amount of the payments made to the laboratory for that formula, or the Company can require the application of those payments to another medical formula with the same laboratory. As a result of the refund right, the Company is ultimately purchasing an approved medical product. Accordingly, payments made prior to the issuance of production approval by the CFDA are recorded as advances for purchases of intangible assets.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>To date, no formula has failed to receive CFDA production approval nor has the Company been informed or become aware of any formula that may fail to receive such approval. However, there is no assurance that the medical products will receive production approval and if the Company does not receive such approval, it will enforce its contractual rights to receive the refund from the laboratory or have the payments applied to another medical formula with the same laboratory.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>As of June 30, 2015, the Company was obliged to pay laboratories and others approximately $4.2 million upon completion of various phases of contracts to provide CFDA production approval of medical formulas.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of advances for purchases of intangible assets.</p></div>
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>BASIS OF PRESENTATION (DETAILS)<br></strong></div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>May. 25, 2015</div></th>
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<td class="nump">100.00%<span></span>
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<td class="nump">100.00%<span></span>
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<td class="text">&#160;<span></span>
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<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140162983753760">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BASIS OF PRESENTATION (TABLES)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BasisOfPresentationTablesAbstract', window );"><strong>BASIS OF PRESENTATION (Tables)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock', window );">Presentation of the numerators and denominators used in the calculation of basic and diluted earnings per share</a></td>
<td class="text"><!--egx--><p style='margin:0cm 0cm 0pt'>The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the Three Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>For the&nbsp;Six Months</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="6" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>Ended June 30,</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2015</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><b>2014</b></p></td> <td valign="bottom" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;background-color:transparent;padding-left:0cm;padding-right:0cm;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'><b>&nbsp;</b></p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Net loss</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(4,115,352</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(8,642,950</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(12,089,295</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(11,033,443</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Basic weighted-average common shares outstanding</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Effect of dilutive securities:</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Warrants</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Options</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Diluted weighted-average common shares outstanding</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>43,579,557</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:1.5pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>&nbsp;</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Basic loss per share</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.09</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.20</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.28</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.25</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:aliceblue;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="52%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:52%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>Diluted loss per share</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.09</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.20</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.28</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>&nbsp;</p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0cm;padding-left:0cm;width:9%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'>(0.25</p></td> <td valign="bottom" width="1%" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:3pt;padding-left:0cm;width:1%;padding-right:0cm;background:white;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0cm'> <p style='margin:0cm 0cm 0pt'>)</p></td></tr></table> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_BasisOfPresentationTablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">fil_BasisOfPresentationTablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>fil_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
