Quarterly report pursuant to Section 13 or 15(d)

Short - term Loan

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Short - term Loan
9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
Note 5. Short-term Loan

On March 22, 2012, the Company entered into a six-month loan agreement with a third party for the amount of $79,282 (RMB500,000 equivalents) repayable on September 20, 2012. The due date of the loan was extended and was settled on January 10, 2013, and the collateral for the loan, 879,196 shares of the Company’s common stock which was issued to the creditor and reflected as issued and outstanding as of December 31, 2012, was returned to the Company for cancellation.