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Prepayments and Other Current Assets

3 Months Ended

Mar. 31, 2013

Prepayments and Other Current Assets [Abstract]

Prepayments and other current assets

(5) Prepayments and other current assets

Prepayments and other current assets consisted of the following as of March 31, 2013 and December 31, 2012:

		March 31, 2013				December 31, 2012
Prepaid NYSE MKT annual listing fees		$	30,000			$	6,875
Recoverable VAT			4,048,973				4,784,074
Prepaid insurance			-				55,922
Prepayment for purchase of materials			7,979				77,445
Prepaid land lease			335,110				475,541
Others			1,063				1,848
		$	4,423,125			$	5,401,705

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- Definition

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

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