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Prepayment on Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2012
Prepayment On Property, Plant and Equipment [Abstract] |
Prepayment on property, plant and equipment | (6) Prepayment on property, plant and equipment As of December 31, 2012 and 2011, prepayment on property, plant and equipment consisted of $1,445,645 and $7,241,472, respectively in respect of prepaid land use right. In April, 2012, the title of the land use right has been obtained and the prepayment of the land use right amounted to $7,241,472 was reclassified as land use rights under property, plant and equipment accordingly. The balance as of December 31, 2012 represented the prepayment made on October 26, 2012 for the entitlement of land use rights for some 54,267 square meters of land located in our Xushui County, Baoding plant, which is expected to be completed in year 2013.

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- Definition Disclosure of the major components of noncurrent assets not separately presented in the balance sheet due to materiality considerations. + References No definition available. + Details
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