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Prepayments and Other Current Assets

9 Months Ended

Sep. 30, 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 September 30, 2013 and December 31, 2012:

		September 30, 2013				December 31, 2012
Prepaid AMEX annual fee		$	15,000			$	6,875
Recoverable VAT			500,000				4,784,074
Prepaid insurance			123,058				55,922
Prepayment for purchase of materials			6,792				77,445
Prepaid land lease			53,751				475,541
Others			-				1,848
		$	698,601			$	5,401,705

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- Definition

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

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No definition available.

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