Long-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2013

Convertible Notes Payable and Long-Term Borrowings [Abstract]

Summary of details of the Company's long-term borrowings

	March 31,		December 31,
	2013		2012
	(Unaudited)
Bank loans bearing interest at 7.36% and 6.15% per
annum, maturing on June 20, 2014 and March 19, 2015.	$	2,231,460	$	2,060,673

Less: Current portion		796,950		1,268,106
	$	1,434,510	$	792,567

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Tanke Biosciences Corp 10-Q