Note 8 - Long Term Prepaid Expenses: Schedule of Rent Expense (Tables)
 3 Months Ended
Jun. 30, 2012
Schedule of Rent Expense:  
Schedule of Rent Expense

 

 

Useful Life

 

June 30,

2012

 

December 31,

2011

 

 

 

 

 

 

 

 

Prepaid rent – Lvbiao

30 Years

 

   $   1,153,847 

 

   $   1,145,964 

 

Prepaid rent – Huanghua

50 Years

 

        1,938,215 

 

        1,924,973 

 

Prepaid rent – West Lvbiao

30 Years

 

        5,096,575 

 

                        0 

 

 

 

 

        8,188,637 

 

        3,070,937 

 

Less: Accumulated Amortization

 

 

         (314,607)

 

         (274,109)

 

 

 

 

   $   7,874,030 

 

   $   2,796,828