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LOANS PAYABLE (Tables)

12 Months Ended

Dec. 31, 2012

Future Minimum Payment to be made by Years

As of December 31, 2012, the future minimum payment to be made by years is as follows: 

2013		$	1,651,419
2014			1,651,419
2015			1,651,419
2016			825,709
Total		$	5,779,966
Unamortized interest			(776,123	)
Total long term payable			5,003,843
Current portion			1,292,185
Noncurrent portion		$	3,711,658

Bank Loans [Member]

Future Minimum Payment to be made by Years

As of December 31, 2012, the future minimum repayment of all the bank loans to be made by years is as follows:

2013		$	13,523,188
2014			7,318,431
2015			4,772,890
Total		$	25,614,509

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

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