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SCHEDULE OF FAIR VALUE MEASUREMENTS (TABLES)
3 Months Ended
Mar. 31, 2016
SCHEDULE OF FAIR VALUE MEASUREMENTS:  
Company held the following assets and liabilities recorded at fair value as of December 31, 2014

The banker's acceptances are recorded at cost which approximates fair value.  The Company held the following assets and liabilities recorded at fair value as of March 31, 2016:

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

 

Reporting Date Using   

 

Description

 

March 31, 2016

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Banker's acceptances

 

$

116,317

 

 

$

-

 

 

$

116,317

 

 

$

-

 

Total

 

$

116,317

 

 

$

-

 

 

$

116,317

 

 

$

-