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LOANS PAYABLE (Tables)

6 Months Ended

Jun. 30, 2013

Future Minimum Payment to be made by Years

As of June 30, 2013, the future minimum payment to be made by years was as follows:

2014		$	1,679,964
2015			1,679,964
2016			1,679,964
Total			5,039,892
Unamortized interest			(593,907)
Total long term payable			4,445,985
Current portion			1,367,192
Noncurrent portion		$	3,078,793

Bank Loans [Member]

Future Minimum Payment to be made by Years

As of June 30, 2013, the future minimum repayment of all the bank loans to be made by years was as follows:

2014		$	13,271,400
2015			6,473,854
2016			1,618,463
Total		$	21,363,717

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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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