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RESTRICTED CASH, NOTES PAYABLE BANK ACCEPTANCES | 12 Months Ended
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Dec. 31, 2012
Restricted Cash Notes Payable Bank Acceptances [Abstract] |
RESTRICTED CASH, NOTES PAYABLE -BANK ACCEPTANCES | 4. RESTRICTED CASH, NOTES PAYABLE – BANK ACCEPTANCES Restricted cash as of December 31, 2012 and 2011 was $2,725,002 (of which, $954,578 was deposited as a principal-guaranteed financial investment product with a term of six months) and $317,415, respectively, held by the bank as collateral to issue bank acceptances The Company endorses bank acceptances to Shenqiu and Xi'an Huaxin Energy Engineer Co., Ltd. (“Huaxin Energy”) as payment of its own obligations. Most of the bank acceptances have maturities of less than six months.

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