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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events
(19) Subsequent Events

On July 19, 2011, the Company paid off the RMB 6,000,000 Yuan principal amount of the Industrial & Commercial Bank of China accounts receivable factoring facility of $928,361.

On August 1 and August 4, 2011, the Company paid off principal balances with accrued interest of two loans owed to two members of the Board of Directors of HBOP, who decided not to renew their loan with the Company upon maturity of these loans.  The principal payoff in the amounts of RMB 6,000,000 Yuan and RMB 7,500,000 Yuan were approximately $933,126 and $1,166,407 based on the exchange rates on August 1 and August 4, 2011, respectively.