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SHORT-TERM DEBT
 3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Bank Loans Short-term [Text Block]
NOTE 2
SHORT-TERM DEBT
 
The short term debt balances were as follows:
 
 
 
March 31
 
December 31
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Loan from Shanghai Commercial & Savings Bank at various interest rates ranging from
 
 
 
 
 
 
 
1% per annum to 3.26%. Due at various dates from April 2014 – September 2014.
 
$
95,337
 
$
60,291
 
Loan from Hua Nan Bank at various interest rates ranging from 1% per annum
 
 
 
 
 
 
 
to 3% per annum. Due date is September 2014.
 
 
328,600
 
 
 
 
Loan from Bank SinoPac at various interest rates ranging from 1% per annum
 
 
 
 
 
 
 
to 3.26% per annum. Due date is August 2014.
 
 
98,580
 
 
 
 
Balance at end of period
 
$
522,517
 
$
60,291