NOTE 6 – LONG TERM INVESTMENT
Long term investment is an equity investment of less than 1% in
Yishui Rural Credit Cooperative, a financial institution located in
Yishui County, Shandong Province. The investment is accounted for
under the cost method. The Company’s long term investment is
pledged as collateral to secure a bank loan (Note 7). Balance of
long term investment was $320,298 and $306,156 at December 31, 2011
and 2010, respectively.