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LOANS PAYABLE (Tables)

12 Months Ended

Dec. 31, 2013

Future Minimum Payment to be made by Years

As of December 31, 2013, the future minimum payment to be made by years was as follows:

2014		$	1,702,503
2015			1,702,503
2016			851,252
Total			4,256,258
Unamortized interest			(429,785)
Total long term payable			3,826,473
Current portion			1,441,051
Noncurrent portion		$	2,385,422

Bank Loans and Entrusted Loan [Member]

Future Minimum Payment to be made by Years

As of December 31, 2013, the future minimum repayment of all the bank loans and entrusted loan to be made by years was as follows:

2014		$	14,925,618
2015			9,020,978
2016			50,845,511
2017			21,322,312
2018			328,036
Total		$	96,442,455

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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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