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RESTRICTED CASH, NOTES PAYABLE - BANK ACCEPTANCES	12 Months Ended
Dec. 31, 2011
RESTRICTED CASH, NOTES PAYABLE - BANK ACCEPTANCES	4. RESTRICTED CASH, NOTES PAYABLE – BANK ACCEPTANCES Restricted cash as of December 31, 2011 and 2010 was $317,415 and $2,151,690, respectively, held by the bank as collateral to issue bank acceptances. The Company endorses bank acceptances to vendors as payment of its own obligations. Most of the bank acceptances have maturities of less than six months. As of December 31, 2011 and 2010, the Company had bank acceptances of $634,830 and $2,868,921, respectively.

RESTRICTED CASH, NOTES PAYABLE - BANK ACCEPTANCES

12 Months Ended

Dec. 31, 2011

RESTRICTED CASH, NOTES PAYABLE - BANK ACCEPTANCES

4. RESTRICTED CASH, NOTES PAYABLE – BANK ACCEPTANCES

Restricted cash as of December 31, 2011 and 2010 was $317,415 and $2,151,690, respectively, held by the bank as collateral to issue bank acceptances. The Company endorses bank acceptances to vendors as payment of its own obligations. Most of the bank acceptances have maturities of less than six months. As of December 31, 2011 and 2010, the Company had bank acceptances of $634,830 and $2,868,921, respectively.