LONG-TERM PREPAYMENT
 3 Months Ended
Mar. 31, 2012
LONG-TERM PREPAYMENT

12 — LONG-TERM PREPAYMENT

 

At March 31, 2012 and December 31, 2011, long-term prepayment consisted of:

 

    March 31,     December 31,  
    2012     2011  
    (Unaudited)        
             
Office rental   $ 3,324     $ 8,191  
Prepaid membership fee     245,135       250,758  
Deposits     159,459       158,456  
Prepaid royalties     0       1,857,011  
Other prepaid expenses     384,981       458,947  
    $ 792,899     $ 2,733,363