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Prepayment and other current assets

12 Months Ended

Dec. 31, 2011

Prepayment and other current assets

(4) Prepayment and other current assets

Prepayment and other current assets consisted of the following as of December 31, 2011 and 2010:

		December 31,				December 31,
		2011				2010
Prepaid AMEX annual fee		$	18,125			$	-
Recoverable VAT			4,776,962				-
Prepaid insurance			61,357				19,000
Prepayment for purchase of materials			206,930				158,848
Others			7,841				6,875
		$	5,071,215			$	184,723

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- Definition

The disclosure describes the Company's prepaid and other current assets.

+ References

No definition available.

+ Details

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