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Other Payables and Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Other Payables and Accrued Liabilities [Abstract]

Summary of other payables and accrued liabilities

		December 31,
		2015				2014
Accrued electricity		$	168,840			$	334,212
Value-added tax payable			-				841,556
Accrued interest to a related party			552,115				761,242
Accrued bank loan interest			73,970				-
Payable for purchase of equipment			3,093,239				244,050
Others			14,807				219,463
Totals		$	3,902,971			$	2,400,523

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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