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Prepayments and Other Current Assets

9 Months Ended

Sep. 30, 2014

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, 2014 and December 31, 2013:

		September 30,				December 31,
			2014				2013
Prepaid NYSE MKT annual fee		$	7,500			$	7,500
Recoverable VAT			-				500,000
Prepaid insurance			117,500				61,529
Prepayment for purchase of materials			452,754				8,180
Prepaid land lease			53,637				490,822
Guarantee deposit			196,668				-
Others			3,445				-
		$	831,504			$	1,068,031

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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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