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Accrued Liabilities and Other Payables (Tables)

9 Months Ended

Sep. 30, 2016

Accrued Liabilities and Other Payables [Abstract]

Schedule of accrued liabilities and other payables

		2016				2015
Employee training, labor union expenditure and social insurance payable		$	729,244			$	749,930
Consulting, auditing, and legal expenses			1,841,927				1,342,395
Accrued payroll and welfare			271,522				278,819
Accrued interest expense			1,182				682,949
Other			6,777				145,302
Total		$	2,850,652			$	3,199,395

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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