CASH
 12 Months Ended
Dec. 31, 2013
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents Disclosure [Text Block]
4.
CASH
 
Cash is classified by geographical areas is set out as follows:
 
 
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Hong Kong
 
$
269,299
 
$
3,566,217
 
The PRC
 
 
7,887,300
 
 
6,859,923
 
 
 
$
8,156,599
 
$
10,426,140
 
 
 
 
 
 
 
 
 
Maximum exposure to credit risk
 
$
8,156,599
 
$
10,426,140
 
 
Cash is denominated in the following currencies:
 
 
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
USD
 
$
381,516
 
$
3,715,356
 
RMB
 
 
7,752,468
 
 
6,709,922
 
HKD
 
 
22,615
 
 
862
 
 
 
$
8,156,599
 
$
10,426,140
 
 
In the PRC and Hong Kong, there are currently no rules or regulations mandating obligatory insurance of bank accounts. Management believes these financial institutions are of high credit quality.
 
Renminbi is not a freely convertible currency and the remittance of funds out of the PRC is subject to the exchange restrictions imposed by the PRC government.