Quarterly report pursuant to Section 13 or 15(d)

ACCRUED LIABILITIES AND OTHER PAYABLE (Tables)

v2.4.0.8
ACCRUED LIABILITIES AND OTHER PAYABLE (Tables)
9 Months Ended
Sep. 30, 2014
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
At September 30, 2014 and December 31, 2013, accrued liabilities and other payable consisted of the following:
 
 
 
September 30, 2014
 
December 31, 2013
 
 
 
 
 
 
(As Restated)
 
Accrued salaries and related benefit
 
$
3,673,606
 
$
4,022,049
 
Accrued interest due
 
 
424,998
 
 
177,049
 
Accrued professional fees
 
 
53,400
 
 
201,672
 
Other
 
 
660,719
 
 
242,502
 
 
 
$
4,812,723
 
$
4,643,272