0001137083-12-000068.txt : 20121009 0001137083-12-000068.hdr.sgml : 20121008 20121009152626 ACCESSION NUMBER: 0001137083-12-000068 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20121009 FILED AS OF DATE: 20121009 DATE AS OF CHANGE: 20121009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: L & L ENERGY, INC. CENTRAL INDEX KEY: 0001137083 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE MINING [1220] IRS NUMBER: 912103949 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34633 FILM NUMBER: 121135057 BUSINESS ADDRESS: STREET 1: 130 ANDOVER PARK EAST, SUITE 200 CITY: SEATTLE STATE: WA ZIP: 98188 BUSINESS PHONE: 2062648065 MAIL ADDRESS: STREET 1: 130 ANDOVER PARK EAST, SUITE 200 CITY: SEATTLE STATE: WA ZIP: 98188 FORMER COMPANY: FORMER CONFORMED NAME: L & L INTERNATIONAL HOLDINGS, INC DATE OF NAME CHANGE: 20080623 FORMER COMPANY: FORMER CONFORMED NAME: L & L FINANCIAL HOLDINGS INC DATE OF NAME CHANGE: 20020207 FORMER COMPANY: FORMER CONFORMED NAME: ROYAL CORONADO CO LTD DATE OF NAME CHANGE: 20010920 10-Q/A 1 llen10qamend.htm FORM 10-Q/A llen10qamend.htm - Generated by SEC Publisher for SEC Filing  

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

——————————

FORM 10-Q/A

(Amendment No. 1)

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED ON JULY 31, 2012

OR

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ________ to ________

 

Commission file number: 000-32505

 

L & L ENERGY, INC.

(Exact name of Registrant as specified in its charter)

 

NEVADA

91-2103949

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification Number)

 

130 Andover Park East, Suite 200, Seattle, WA

  

98188

(Address of Principal Executive Offices)

  

(Zip Code)

Registrant's telephone number, including area code: (206) 264-8065

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No    [ ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ] No [ ]

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,”“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer [ ] Accelerated filer [X] Non-accelerated filer [ ] Smaller reporting company [ ] 

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

Indicate the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of October 9, 2012 there were 37,293,108 shares of common stock outstanding, with par value of $0.001.

 

 

 

 
 

EXPLANATORY NOTE

 

The 10Q for the fiscal quarter ending July 31, 2012 has been filed on September 7, 2012 and is readily available on EDGAR. However, the XBRL tables corresponding the 10Q were not activated. This 10Q/A does not change the content of the 10Q, it merely included the XBRL tables.

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

L & L ENERGY, INC.

     

Date: October 9, 2012

By:

/S/ Dickson V. Lee

 

Name:

Dickson V. Lee, CPA

 

Title:

CEO

     

 

 

 

                                                                                                                                                                  EXHIBIT 31.1

 

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER

 

I, Dickson V Lee, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q/A of L&L Energy, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 
 

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and

 

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

 

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

 

 

 

L&L ENERGY, INC.

Date: October 9, 2012

By:

/S/ Dickson V. Lee

 

Name:

Dickson V. Lee, CPA

 

Title:

CEO

 

 

 

 

EXHIBIT 31.2

CERTIFICATIONS OF CHIEF FINANCIAL OFFICER

 

I, Ian G. Robinson, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q/A of L&L Energy, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 
 

 

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

 

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

 

 

L&L ENERGY, INC.

Date: October 9, 2012

By:

/S/ Ian G. Robinson

 

Name:

Ian G. Robinson

 

Title:

CFO

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the quarterly report on Form 10-Q/A of L&L Energy, Inc. (the “Registrant”) for the period ended July 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dickson V. Lee, Chief Executive Officer of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge based upon the review of the Report:

 

1)       The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 as amended, and

 

2)  The information contained in the Report fairly presents, in all material respects, the financial condition and        results of operations of the Registrant.

 

 

 

L&L ENERGY, INC.

     

Date: October 9, 2012

By:

/S/ Dickson V. Lee

 

Name:

Dickson V. Lee, CPA

 

Title:

CEO

 

 

 

EXHIBIT 32.2

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the quarterly report on Form 10-Q/A of L&L Energy, Inc. (the “Registrant”) for the period ended July 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ian G. Robinson, Chief Financial Officer of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge based upon a review of the Report:

 

1)       The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 as amended, and

 

2)       The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

 

 

L&L ENERGY, INC.

     

Date: October 9, 2012

By:

/S/ Ian G. Robinson

 

Name:

Ian G. Robinson

 

Title:

CFO

 

 
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The Company fully consolidates 100% of the assets, liabilities of its subsidiaries and shows the non-controlling interests owned by their respective owners as Non-Controlling Interests.&#160; The results of operations of our subsidiaries less amounts attributable to non-controlling interest owners are net income attributable to the Company.&#160; All inter-company accounts and transactions are eliminated.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Use of Estimates</font></i></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160; 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5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">30,188,177 </font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="59%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Intangible assets*</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="33%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">779,075 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acquisitions had been completed as of May 1, 2011 (depending on when the acquisitions occurred).&#160; This pro forma financial information considers principally (i) the Company’s audited financial results, (ii) the unaudited historical financial results of the Companies, as supplied to the Company, and (iii) select pro forma adjustments to the historical financial results of the Companies.&#160; Such pro forma adjustments represent principally estimates of (i) the impact of the hypothetical amortization of acquired intangible assets and the recognition of fair value adjustments relating to tangible assets in pre-tax income in each period and (ii) the pro form impact of the transaction on the Company’s tax provision in each period.&#160; These pro forma adjustments did not have a material impact on the pro forma net income attributable to L&amp;L Energy, as presented below.&#160; The following pro forma data does not purport to be indicative of the results of future operations or of 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1% of the applicable payment will be assessed for any deadline that is missed.&#160; Additionally, interest of 3.5% per annum of the applicable payment will be assessed as of the day after the applicable payment date.&#160; The portions of the purchase price that are due within twelve months after the sale (i.e., the first two installments) are included as &#8220;Other receivables&#8221; on the Company’s consolidated balance sheets and the portion of the purchase price due within 24 months of the sale (i.e., the third installment) is included as a &#8220;Long term receivable&#8221; on the Company’s consolidated balance sheets.&#160; The Company recorded US$834,181 as income from discontinued operations and recognized a gain of US$1,017,928 on the saleon April 18, 2010.As of July 31, 2012, outstanding receivable from sales of HSC was USD$8,021,256, which is expected to be received before April 30, 2013.</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font 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previous owner of Ping Yi Mine, whereby the company sold its 100% equity ownership interest in Ping Yi Mine for RMB 196,000,000, approximately $31,000,000.&#160; The payment was agreed to take the form of receipt with&#160; payment in two parts, (1) through receipt of coal extracted from Ping Yi Mine subsequent to the disposal, including priority receipt of future coal from Ping Yi mine at a 5% discounted price compared to the market price until 70% of the payment is received; (2) through receipt of the use of Ping Yi Mine’s washing facilities subsequent to disposal, including&#160; usage fees charged at a 3%~5% discounted price compared to the market price until 30% of the payment is received. The terms of the agreement state that full payment must be received within five years, and that 70% of total receipts must occur by the end of year three. As of July 31, 2012, the Company received total payment of 869,374, which $825,155 as prepayment of raw coal and 44,219 as coal washing facilities service.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The Company recorded $408,020 as income from discontinued operations for the year-ended April 30, 2012. Additionally, the company recorded $3,183,786 of costs to dispose related to the provision of discounting the estimated receipt of the payment over the payment term (refer to Note 5 and 11). 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During this quarter, the raw coal’s marketing price declined a little due to decrease of the national consumption. 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<tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Advances to suppliers</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ 27,526,916</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ 22,417,596</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Bill receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Advanced to employees</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">363,825</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">344,124</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">50,080</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">62,300</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$27,940,821</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ 22,824,020</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 5-OTHER RECEIVABLES</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other receivables consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:0px;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Short term loans to business associates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$366,725</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$554,726</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">PYC receivable-current (note 3)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,384,219</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">7,094,403</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">HSC receivable (note 3)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">801,256</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" 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style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">288,483</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$7,806,753</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font 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receipt of payment is expected to generally occur of a five-year term, in accordance with the contract.&#160; As such, a valuation allowance was recorded to reflect the net present value of the payments during that term at a rate of 5%, which is with reference to the discount explicit in the agreement.&#160; The initial recording of this discount resulted in the recognition of a cost of disposal in the period when the disposal incurred, which will be accreted as interest income by effective interest method over the life of the agreement.&#160; As of July 31, 2012, the receivable related to the disposal of the Ping Yi Mine, net of discount of $27,306,030 with a current portion of $6,384,219.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 6-INVENTORIES</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Inventories are primarily related to coal located at KMC, Wei She,Tai Fungand TNI. Inventories consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:5.4pt;width:407.550018pt;"> <tr style="height:12.75pt;"> <td width="21%" style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" width="25%" style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" width="28%" style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2011</font></p> </td> </tr> <tr style="height:12.75pt;"> <td valign="top" width="21%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Raw Coal</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,689,071</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">897,004</font></p> </td> </tr> <tr style="height:12.75pt;"> <td valign="top" width="21%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Coke Coal</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">529,118</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,739</font></p> </td> </tr> <tr style="height:12.75pt;"> <td valign="top" width="21%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Fine Coal</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,253,301</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,044,488</font></p> </td> </tr> <tr style="height:13.5pt;"> <td valign="top" width="21%" style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font><font style="font-family:Times New Roman,serif;font-size:8.0pt;">&#160;</font></p> </td> <td valign="top" width="13%" style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,471,490</font></p> </td> <td valign="top" width="13%" style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,946,231</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 7-PROPERTY, PLANT, EQUIPMENT AND MINE DEVELOPMENT </font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Property, plant, equipment and mine development consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:463.000000pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine development</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">68,793,675</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">44,638,648</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mineral rights</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">65,645,925</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">66,203,195</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Building and improvements</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,902,702</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,952,811</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Machinery and equipment</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">25,306,253</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">26,759,805</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Assets retirement cost, net</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,095,248</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,121,964</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">167,743,803</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">145,676,423</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Accumulated depreciation and amortization&#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(14,483,761)</font></p> </td> <td valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(13,045,594)</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Property, Plant and Equipment, net </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">153,260,042</font></p> </td> <td valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">132,630,829</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mineral rights represent the exclusive right, granted by the Chinese government, to operate the 4 Mine, DaPuAn, SuTsong, DaPing and WeiShe.&#160;The rights were acquired in the first quarter of 2008 as a result of the acquisition of the &#8220;2 Mines&#8221; on May 1, 2008 and on November 1, 2009, the acquisition of the DaPing on March 15, 2011 and the acquisition of the Wei She on February 3, 2012, respectively. 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<td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(235,551)</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:double windowtext 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</td> </tr> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Fiscal 2016</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">139</font></p> </td> </tr> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Thereafter</font></p> </td> <td nowrap="nowrap" valign="bottom" 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For the three months ended July 31, 2012, the total amount of loan repayments was approximate $5.8 million.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party notes receivable consisted of the following as of July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:665.999939pt;"> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Borrowers</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Relationship</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">USD</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Maturity</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Collateralized By</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to TianRi Coal Mine</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$1,356,601</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mining Equipment</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to SuTsong</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,845,131</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to DuPuAn</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">965,044</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Yunnan Tinnan Co. Ltd.</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,751</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Machinery</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Others</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">217,295</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Various dates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$5,750,822</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr></table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party notes receivable consisted of the following as of April 30, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:665.999939pt;"> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Borrowers</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Relationship</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">USD</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Maturity</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Collateralized By</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to TianRi Coal Mine</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$1,614,984</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mining Equipment</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to SuTsong</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,869,284</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to DuPuAn</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">973,237</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Yunnan Tinnan Co. Ltd.</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">443,128</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Machinery</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Others</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">195,984</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Various dates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$6,096,617</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr></table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related Party Payable</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party payable consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:520.999939pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to Robert Lee</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,647,933</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,647,933</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Share to be issued to Board of Directors and Officers</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">215,480</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to previous owners of DaPing Coal Mine</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,388,508</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,388,508</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total related party payable - current</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,036,441</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,251,921</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to previous owners of ZoneLin (non-current)</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">302,384</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">304,951</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total related party payable</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,338,826</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,556,872</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party payables do not bear interest and are un-collateralized. These related party payable have no impact on the statements of income and other comprehensive income for the three months ended July 31, 2012 and year ended April 30, 2012.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Due to Officers</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Due to officers consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:425.000000pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Due to officer</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">April 30, 2012</font></p> </td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Dickson Lee</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">250,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">243,334</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Clayton Fong</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">111,333</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">111,333</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shirley Kiang</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">60,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">60,000</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total due to officers/directors</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">421,333</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">414,667</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 13-ASSET RETIREMENT OBLIGATION</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">With respect to the DaPuAn and SuTsong mines, the Company estimates the asset retirement obligation at a rate of 3 RMB per ton based on total reserves at the end of the useful lives of the mines. The Company expects to extract approximately 10 million tons of coal over the expected useful lives (29 and 17 years for DaPuAn and SuTsong Mine respectively).&#160; The interest rate used in the net present value calculation is 7%.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">As for the Wei She Mine, which acquired in February 2012, the management estimates the asset retirement obligation at a rate of 3 RMB per ton based on total reserves at the end of the useful lives of the mine. The Company expects to extract approximately 19 million tons of coal over the expected useful life of thirty years. The interest rate used in the net present value calculation is 8%.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The DaPing Mine was acquired by the Company in March 2011. According to the mine reservation report, management expects to extract approximately 15 million tons of coal over the remaining 26 years. DaPing Mine is located in Guizhou Province and the management estimates the asset retirement obligation at a rate of 2 RMB per ton based on total reserves at the end of the useful lives of the mines. The interest rate used in the net present value calculation is 7%.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">During the quarter ended October 31, 2010, the Company revised the forecasted cash flows used for the net present value calculations for the DaPuAn, SuTsong and PingYi mines. The revisions to estimated cash flows pertain to revisions in the estimated amount and timing of required reclamation activities throughout the lives of the respective mines and reflect changes in estimates of closure volumes, disturbed acreages and third-party unit costs as of October 31, 2010. We based these estimates on historical and anticipated results and trends and on various other assumptions that we believe are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may differ from management’s estimates. We evaluated the forecasted cash flows as of January 31, 2012, and no revision was deemed necessary. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The following is a summary of the change in the carrying amount of the asset retirement obligation during the quarter ended July 31, 2012 and year ended April 30, 2012.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:468.699982pt;"> <tr style="height:16.95pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="border-bottom:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Beginning balance</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,459,352</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,978,877</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Liabilities incurred during the period</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;&#160;&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">902,178</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Liabilities settled during the period</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;&#160;&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(673,214)</font></p> </td> </tr> <tr style="height:16.95pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Accretion of interest</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">27,714</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">251,511</font></p> </td> </tr> <tr style="height:16.95pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Ending balance </font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,487,066</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,459,352</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 14-OTHER PAYABLES</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other Payables consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:556.999939pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to business associates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,501,522</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,029,517</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Resource surcharge payable of Weishe Coal Mine</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">13,265,951</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">13,378,566</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Others</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,885,152</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,561,719</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total other payables</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">21,652,625</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">20,969,802</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Other Payables was $21.7 million as of July 31, 2012. None of these payables are collateralized by any assets of the Company. $2 million was a temporary interest free loan from a business partner. $13.3 million is estimated resource surcharge payable of Wei She Mine through acquisition. 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style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Exercised</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expired</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Outstanding at July 31, 2012</font></p> 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style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Exercisable at July 31, 2012</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">870,692</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$5.19 </font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.63</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:serif,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 20-NON-CONTROLLING INTEREST</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">As described in Note 1, to the consolidated financial statements, the Company has the majority controlling interest of L&amp;L Coal Partners (2 coal mining operations), TNI, Tai Fung, DaPing and WeiShe.</font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">During the fiscal year 2010, the Company increased its ownership interest in L&amp;L Coal Partners to 80% from 60% at April 30, 2009. The equity related to non-controlling interest as of July 31, 2012 represents 20% third party interest in L&amp;L Coal Partners, 2% third party interest in TNI, 2% third party interest in Tai Fung, 40% third party interest in DaPing and 49% third party interest in WeiShe. 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Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:513.999939pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Beginning balance</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New 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style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">7,822,636</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Translation</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(371,522)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,083,961</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Net income related to non-controlling interest</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,345,525</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,994,669</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Ending balance</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">45,405,402</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">43,431,399</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 21-EARNINGS PER SHARE</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The Company only had common shares, warrants and stock options issued and outstanding as of July 31, 2012. &#160;Under the treasury stock method of earnings per share, the Company computed the diluted earnings per share as if all issued warrants or options were converted to common stock and cash proceeds were used to buy back common stock. The exercised prices of warrants and options are greater than fair market price. The securities are anti dilutive and can be ignored in the diluted Earnings Per Share calculation.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;width:0px;"> <tr style="height:16.65pt;"> <td width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td colspan="2" nowrap="nowrap" width="42%" style="border-bottom:solid windowtext 1.5pt;height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:12.0pt;line-height:115%;">For the Three Months Ended July 31&#160;&#160;</font></p> </td> </tr> <tr style="height:17.45pt;"> <td width="53%" style="height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="5%" style="height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="border-bottom:solid black 1.0pt;height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2012</font></p> </td> <td width="21%" style="border-bottom:solid black 1.0pt;height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2011</font></p> </td> </tr> <tr style="height:15.9pt;"> <td width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">EPS numerator:</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:18.65pt;"> <td width="53%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income from continuing operations, net of income taxes</font></p> </td> <td width="5%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">8,531,996</font></p> </td> <td width="21%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3,899,917</font></p> </td> </tr> <tr style="height:13.65pt;"> <td width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Less: Net (loss) income attributable to non-controlling interests</font></p> </td> <td width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2,345,525</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">697,314</font></p> </td> </tr> <tr style="height:25.75pt;"> <td width="53%" style="height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Income from continuing operations attributable to common stockholders</font></p> </td> <td width="5%" style="height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="border-top:solid windowtext 1.0pt;height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">6,186,471</font></p> </td> <td width="21%" style="border-top:solid windowtext 1.0pt;height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3,202,603</font></p> </td> </tr> <tr style="height:13.65pt;"> <td width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(Loss) income from discontinued operations, net of income taxes</font></p> </td> <td width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(816,715)</font></p> </td> </tr> <tr style="height:.2in;"> <td width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income attributable to common stockholders</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">6,186,471</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2,385,888</font></p> </td> </tr> <tr style="height:.2in;"> <td width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">EPS denominator:</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.9pt;"> <td width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted average shares outstanding - basic</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">36,839,324</font></p> </td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">31,355,781</font></p> </td> </tr> <tr style="height:13.65pt;"> <td width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Effect of dilutive shares</font></p> </td> <td width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">349,197</font></p> </td> </tr> <tr style="height:16.65pt;"> <td nowrap="nowrap" width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted average shares outstanding - diluted</font></p> </td> <td width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">36,839,324</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">31,704,978</font></p> </td> </tr> <tr style="height:16.65pt;"> <td nowrap="nowrap" width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Basic EPS attributable to common stockholders:</font></p> </td> <td width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.9pt;"> <td nowrap="nowrap" width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Income from continuing operations</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.17</font></p> </td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.10</font></p> </td> </tr> <tr style="height:15.9pt;"> <td nowrap="nowrap" width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(Loss) income from discontinued operations</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(0.02)</font></p> </td> </tr> <tr style="height:.2in;"> <td nowrap="nowrap" width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:20.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income attributable to common stockholders</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.17</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.08</font></p> </td> </tr> <tr style="height:16.65pt;"> <td nowrap="nowrap" width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Diluted EPS attributable to common stockholders:</font></p> </td> <td width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:13.65pt;"> <td nowrap="nowrap" width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Income from continuing operations</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" 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Roman,serif;font-size:10.0pt;line-height:115%;">Remaining Life (Years)</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Outstanding at May 1, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Granted</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Exercised</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Canceled</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Outstanding at July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3.59</font></p> </td> </tr> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Exercisable at July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3.59</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">NOTE 24-SEGMENT INFORMATION</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The Company reports its operations primarily through the following reportable operating segments: coal mining, coal wholesaling, coking coal washing revenue. The Company’s chief operating decision maker uses operating income as the primary measure of segment profit and loss.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:0px;"> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td colspan="5" nowrap="nowrap" valign="bottom" width="53%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">For the three months ended July 31,</font></b></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Revenues&#160; (including intersegment sales)</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,546,853</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,889,562</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">12,294,981</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,462,730</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,720,948</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,644,119</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,910,229</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">18,860,387</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">47,473,011</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">36,856,798</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">489,427</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">855,685</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td width="47%" style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Revenue</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">47,473,011</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">37,712,483</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Intersegment revenues</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">712,919</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">74,401</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,090,675</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,167,076</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">712,919</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366.258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td width="47%" style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Intersegment revenues</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,167,076</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,079,178</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Net revenues</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,546,853</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,889,561</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">12,294,981</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,462,730</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,720,948</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,644,120</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,910,229</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">18,860,387</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Less intersegment revenues</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(2,167,076)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(712,919)</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">45,305,935</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">36,143,879</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">123,169</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">489,427</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Net revenues</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">45,305,935</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">36,633,306</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Net income attributable to L&amp;L</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,671,969</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,730,099</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">403,649</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">299,342</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">107,411</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">667,531</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,701,577</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,027,568</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Parent Company</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(1,698,135)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(2,521,937)</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,186,471</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">3,202,603</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(543,471)</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(273,244)</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(816,715)</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Net income attributable to L&amp;L </font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,186,471</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,385,888 </font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Depreciation expense</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,234,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">656,960</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">11,747</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,319</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">89,040</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">76,187</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">143,122</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">138,285</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Parent Company</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">71,867</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">67,006</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,549,776</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">953,757</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">332,653</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">246,470</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">579,123</font></p> </td> </tr> <tr style="height:16.85pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:16.85pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.85pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:16.85pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.85pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.85pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.85pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Depreciation expense</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,549,776</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,532,880</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:0px;"> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total assets</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">As of July 31, 2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">As of April 30, 2012</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">181,838,496</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">172,732,033</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">18,758,425</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">19,375,449</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal coking</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">11,384,584</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">11,615,194</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">37,396,531</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">33,011,004</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Parent Company (intercompany)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">37,295,661</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">39,823,858</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="42%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">286,673,697</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">276,557,538</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Accounting Principles</font></i></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">These statements reflect all adjustments, consisting of normal recurring adjustments, which, in management’s opinion, are necessary for fair presentation of the information contained herein. These financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s audited financial statements on Form 10-K for the fiscal year ended April 30</font><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">, 2012 as filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) on July 31, 2012.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Principles of Consolidation</font></i></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Principles of Consolidation -The fully consolidated financial statements include the accounts of (i) the Company, (ii) its 100% ownership of KMC, DaXing and GuizhouLiWei subsidiaries including coal wholesale, (iii) 80% of operations of LLC &#8220;2 Mines&#8221;, (iv) 51% of WeiShe, (v) 98% of Tai Fung and 98% of TNI (coal washing and coking operations).&#160; The Company fully consolidates 100% of the assets, liabilities of its subsidiaries and shows the non-controlling interests owned by their respective owners as Non-Controlling Interests.&#160; The results of operations of our subsidiaries less amounts attributable to non-controlling interest owners are net income attributable to the Company.&#160; All inter-company accounts and transactions are eliminated.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><b><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Use of Estimates</font></i></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160; By their nature, estimates are subject to an inherent degree of uncertainty.&#160; Actual results may differ from management’s estimates.</font></p> <p 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style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">17,064,815</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="56%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-controlling interest&#160;</font></p> </td> <td width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" width="37%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">9,626,043</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Under the Agreement, the purchase price for 51% of the ownership interest in Weishe Mine is about US$9.7 million, which will be paid in full by issuing 3,000,000 shares of common stock of the Company (&#8220;</font><b><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">LLEN Stock</font></b><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#8221;).&#160; The 3,000,000 shares of Company Stock hasbeen paid to Union or a designee of Union in installments, based on the satisfaction of certain conditions set forth in the Agreement.&#160;The stock price on February 3, 2012 was $3.22 per share. 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nowrap="nowrap" valign="bottom" width="33%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">30,188,177 </font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="59%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Intangible assets*</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="33%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">779,075 </font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="59%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Fair value of assets</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">32,125,278 </font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="59%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p 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Roman,serif;font-size:10.0pt;">&#8220;</font></b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Companies</font><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#8221;</font></b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">) acquisitions had been completed as of May 1, 2011 (depending on when the acquisitions occurred).&#160; This pro forma financial information considers principally (i) the Company’s audited financial results, (ii) the unaudited historical financial results of the Companies, as supplied to the Company, and (iii) select pro forma adjustments to the historical financial results of the Companies.&#160; Such pro forma adjustments represent principally estimates of (i) the impact of the hypothetical amortization of acquired intangible assets and the recognition of fair value adjustments relating to tangible assets in pre-tax income in each period and (ii) the pro form impact 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5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2011</font></b></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="44%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;Income from continuing operations </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">9,149,394</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,141,709</font></p> </td> </tr> <tr style="height:14.85pt;"> <td nowrap="nowrap" valign="bottom" width="44%" style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;Net income attributable to L&amp;L Energy </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,186,471</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,336,621</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="44%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;Basic proforma earning per share </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">0.17</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">0.07</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="44%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;Diluted proforma earning per share </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">0.16</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">0.07</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Prepaid expenses and other current assets consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:427.399963pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Advances to suppliers</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ 27,526,916</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ 22,417,596</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Bill receivable         </font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Advanced to employees</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">363,825</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">344,124</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">50,080</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">62,300</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$27,940,821</font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ 22,824,020</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other receivables consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:0px;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Short term loans to business associates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$366,725</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$554,726</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">PYC receivable-current (note 3)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,384,219</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">7,094,403</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">HSC receivable (note 3)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">801,256</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">801,256</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">254,554</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">288,483</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="48%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$7,806,753</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$8,738,868</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Inventories are primarily related to coal located at KMC, Wei She,Tai Fungand TNI. Inventories consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:5.4pt;width:407.550018pt;"> <tr style="height:12.75pt;"> <td width="21%" style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" width="25%" style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" width="28%" style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2011</font></p> </td> </tr> <tr style="height:12.75pt;"> <td valign="top" width="21%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Raw Coal</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,689,071</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">897,004</font></p> </td> </tr> <tr style="height:12.75pt;"> <td valign="top" width="21%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Coke Coal</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">529,118</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,739</font></p> </td> </tr> <tr style="height:12.75pt;"> <td valign="top" width="21%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Fine Coal</font></p> </td> <td valign="top" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,253,301</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,044,488</font></p> </td> </tr> <tr style="height:13.5pt;"> <td valign="top" width="21%" style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font><font style="font-family:Times New Roman,serif;font-size:8.0pt;"> </font></p> </td> <td valign="top" width="13%" style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,471,490</font></p> </td> <td valign="top" width="13%" style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,946,231</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Property, plant, equipment and mine development consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:463.000000pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine development</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">68,793,675</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">44,638,648</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mineral rights</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">65,645,925</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">66,203,195</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Building and improvements</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,902,702</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,952,811</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Machinery and equipment</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">25,306,253</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">26,759,805</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Assets retirement cost, net</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,095,248</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,121,964</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">167,743,803</font></p> </td> <td valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">145,676,423</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Accumulated depreciation and amortization  </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(14,483,761)</font></p> </td> <td valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(13,045,594)</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Property, Plant and Equipment, net </font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">153,260,042</font></p> </td> <td valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">132,630,829</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Intangible assets consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:365.599976pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Technology</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">264,236</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">266,479</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Customer relationship</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">393,765</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">397,108</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">658,001</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">663,587</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Accumulated amortization</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(257,068)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(235,551)</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="36%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">400,933</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">428,036</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The amortization schedule for the upcoming five years is as below (amount in thousands):</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:241.399994pt;"> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Remainder of Fiscal 2013</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">47</font></p> </td> </tr> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Fiscal 2014</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">84</font></p> </td> </tr> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Fiscal 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">121</font></p> </td> </tr> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Fiscal 2016</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">139</font></p> </td> </tr> <tr style="height:14.9pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Thereafter</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:14.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">10</font></p> </td> </tr> <tr style="height:15.6pt;"> <td nowrap="nowrap" valign="bottom" width="64%" style="height:15.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="13%" style="height:15.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">401</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party notes receivable consisted of the following as of July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:665.999939pt;"> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Borrowers</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Relationship</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">USD</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Maturity</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Collateralized By</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to TianRi Coal Mine</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$1,356,601</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mining Equipment</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to SuTsong</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,845,131</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to DuPuAn</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">965,044</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Yunnan Tinnan Co. Ltd.</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,751</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Machinery</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Others</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">217,295</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Various dates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$5,750,822</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr> </table><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party notes receivable consisted of the following as of April 30, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:665.999939pt;"> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Borrowers</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Relationship</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">USD</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Maturity</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Collateralized By</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to TianRi Coal Mine</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$1,614,984</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mining Equipment</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to SuTsong</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,869,284</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Associates to DuPuAn</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">973,237</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Mine Assets</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Yunnan Tinnan Co. Ltd.</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">443,128</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">May 1, 2015</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Machinery</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Others</font></p> </td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shareholder &amp; non-controlling interest holder</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">195,984</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Various dates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$6,096,617</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Related party payable consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:520.999939pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to Robert Lee</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,647,933</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,647,933</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Share to be issued to Board of Directors and Officers</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">215,480</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to previous owners of DaPing Coal Mine</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,388,508</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,388,508</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total related party payable - current</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,036,441</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,251,921</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to previous owners of ZoneLin (non-current)</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">302,384</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">304,951</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total related party payable</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,338,826</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,556,872</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Due to officers consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:425.000000pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Due to officer</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">April 30, 2012</font></p> </td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Dickson Lee</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">250,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">243,334</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Clayton Fong</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">111,333</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">111,333</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Shirley Kiang</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">60,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">60,000</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="40%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total due to officers/directors</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">421,333</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Calibri,sans-serif;font-size:11.0pt;">414,667</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The following is a summary of the change in the carrying amount of the asset retirement obligation during the quarter ended July 31, 2012 and year ended April 30, 2012.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:468.699982pt;"> <tr style="height:16.95pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="border-bottom:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Beginning balance</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,459,352</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> $ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,978,877</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Liabilities incurred during the period</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">   </font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">902,178</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Liabilities settled during the period</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">   </font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">                        (673,214)</font></p> </td> </tr> <tr style="height:16.95pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Accretion of interest</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">27,714</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="28%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">251,511</font></p> </td> </tr> <tr style="height:16.95pt;"> <td nowrap="nowrap" valign="bottom" width="38%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Ending balance </font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,487,066</font></p> </td> <td nowrap="nowrap" valign="bottom" width="8%" style="height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="28%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,459,352</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other Payables consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:556.999939pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Payable to business associates</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,501,522</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,029,517</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Resource surcharge payable of Weishe Coal Mine</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">13,265,951</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">13,378,566</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Others</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,885,152</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,561,719</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="45%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total other payables</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="23%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">21,652,625</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">20,969,802</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Taxes payable consisted of the following:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:364.000000pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Description</font></p> </td> <td nowrap="nowrap" valign="top" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="24%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">VAT Payable</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,503,966</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,397,254</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Income Tax Payable</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5,314,409</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,885,298</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Other Taxes Payable</font></p> </td> <td nowrap="nowrap" valign="top" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="24%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">3,485,344</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">3,353,736</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="33%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Tax Payable</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="24%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">14,303,719</font></p> </td> <td nowrap="nowrap" valign="bottom" width="9%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="25%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">13,636,288</font></p> </td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The fair value was estimated on the date of the grant using the Black-Scholes option-pricing model. The following table displays the weighted average assumptions that have been applied to estimate the fair value of warrants on the date of grant for the three months ended July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" width="64%" style="border-collapse:collapse;"> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="49%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="48%" style="border-bottom:solid windowtext 1.0pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> </tr> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="49%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected life (years)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="48%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5.0</font></p> </td> </tr> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="49%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Risk-free interest rate</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="48%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1.95%</font></p> </td> </tr> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="49%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected volatility</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="48%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">178%</font></p> </td> </tr> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="49%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected dividend yield</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="48%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;text-indent:.5in;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">0%</font></p> </td> </tr></table> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(1)</font><font color="black" lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected Life: The expected life was determined based on the option’s contractual term and employees’ expected early exercise and post-vesting employment termination behavior.</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(2)</font><font color="black" lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Risk Free Rate: The risk-free interest rate was based on U.S. Treasury yields with a remaining term that corresponds to the expected term of the option calculated on the granted date.</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(3)</font><font color="black" lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected Volatility: Expected volatility is computed based on the standard deviation of the continuously compounded rate of return of days when the stock price changed over the historical period of the expected life of the options.</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(4)</font><font color="black" lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Dividend Yield: The expected dividend yield is zero. The Company has not paid a dividend and does not anticipate paying dividends in the foreseeable future.</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Following is a summary of the status of warrants outstanding at July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:654.000061pt;"> <tr style="height:40.6pt;"> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Type of Warrants</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Range of Exercise Prices</font></p> </td> <td valign="bottom" width="5%" style="height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Warrants Outstanding</font></p> </td> <td valign="bottom" width="5%" style="height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="16%" style="border-bottom:solid windowtext 1.0pt;height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Weighted Average Remaining Life (Years)</font></p> </td> <td valign="bottom" width="5%" style="height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="14%" style="border-bottom:solid windowtext 1.0pt;height:40.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Weighted Average Exercise Price</font></p> </td> </tr> <tr style="height:15.35pt;"> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Executives-Class D</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">              2.25</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">                10,000 </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="16%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">0.58</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">          2.25 </font></p> </td> </tr><tr style="height:15.35pt;"> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Directors - Class E</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">        3.00 - 9.34</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">               210,916 </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="16%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.29</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">              3.03 </font></p> </td> </tr><tr style="height:15.35pt;"> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-employee</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">11.22</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:solid windowtext 1.0pt;height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,000 </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="16%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.88</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:15.35pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">11.22</font></p> </td> </tr> <tr style="height:16.1pt;"> <td nowrap="nowrap" valign="bottom" width="19%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="6%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="15%" style="border-bottom:double windowtext 2.25pt;height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">                221,916 </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="16%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.72</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="14%" style="height:16.1pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">               3.03 </font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The table below is a summary of all warrants activity as of July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:560.799988pt;"> <tr style="height:15.75pt;"> <td colspan="6" nowrap="nowrap" valign="bottom" width="100%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Warrants Roll-forward Summary </font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:32.25pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:32.25pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="border-bottom:solid windowtext 1.0pt;height:32.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> Units </font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:32.25pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:32.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> Weighted Average Exercise Price</font></p> </td> <td valign="bottom" width="4%" style="height:32.25pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="border-bottom:solid windowtext 1.0pt;height:32.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;"> Weighted Average Remaining Life (in Years)</font></p> </td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Outstanding at April 30, 2012</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">870,692</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$5.19 </font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.88</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Issued</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Exercised</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expired</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Outstanding at July 31, 2012</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">870,692</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$5.19 </font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.63</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="31%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Exercisable at July 31, 2012</font></p> </td> <td valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">870,692</font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$5.19 </font></p> </td> <td valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td valign="bottom" width="24%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.63</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Below is a schedule of changes in ownerships interest as of </font><font color="#252525" lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> and April 30, 2011:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:513.999939pt;"> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">April 30, 2012</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Beginning balance</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">43,431,399</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">29,530,133</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Non-controlling interest related to acquisitions</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">7,822,636</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Translation</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">(371,522)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,083,961</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Net income related to non-controlling interest</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,345,525</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,994,669</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="46%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Ending balance</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">45,405,402</font></p> </td> <td nowrap="nowrap" valign="bottom" width="7%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">43,431,399</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The Company only had common shares, warrants and stock options issued and outstanding as of July 31, 2012. &#160;Under the treasury stock method of earnings per share, the Company computed the diluted earnings per share as if all issued warrants or options were converted to common stock and cash proceeds were used to buy back common stock. The exercised prices of warrants and options are greater than fair market price. The securities are anti dilutive and can be ignored in the diluted Earnings Per Share calculation.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;width:0px;"> <tr style="height:16.65pt;"> <td width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td colspan="2" nowrap="nowrap" width="42%" style="border-bottom:solid windowtext 1.5pt;height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:12.0pt;line-height:115%;">For the Three Months Ended July 31&#160;&#160;</font></p> </td> </tr> <tr style="height:17.45pt;"> <td width="53%" style="height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="5%" style="height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="border-bottom:solid black 1.0pt;height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2012</font></p> </td> <td width="21%" style="border-bottom:solid black 1.0pt;height:17.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2011</font></p> </td> </tr> <tr style="height:15.9pt;"> <td width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">EPS numerator:</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:18.65pt;"> <td width="53%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income from continuing operations, net of income taxes</font></p> </td> <td width="5%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">8,531,996</font></p> </td> <td width="21%" style="height:18.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3,899,917</font></p> </td> </tr> <tr style="height:13.65pt;"> <td width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Less: Net (loss) income attributable to non-controlling interests</font></p> </td> <td width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2,345,525</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">697,314</font></p> </td> </tr> <tr style="height:25.75pt;"> <td width="53%" style="height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Income from continuing operations attributable to common stockholders</font></p> </td> <td width="5%" style="height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="border-top:solid windowtext 1.0pt;height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">6,186,471</font></p> </td> <td width="21%" style="border-top:solid windowtext 1.0pt;height:25.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3,202,603</font></p> </td> </tr> <tr style="height:13.65pt;"> <td width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(Loss) income from discontinued operations, net of income taxes</font></p> </td> <td width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(816,715)</font></p> </td> </tr> <tr style="height:.2in;"> <td width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income attributable to common stockholders</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">6,186,471</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">2,385,888</font></p> </td> </tr> <tr style="height:.2in;"> <td width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">EPS denominator:</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.9pt;"> <td width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted average shares outstanding - basic</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">36,839,324</font></p> </td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">31,355,781</font></p> </td> </tr> <tr style="height:13.65pt;"> <td width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Effect of dilutive shares</font></p> </td> <td width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">349,197</font></p> </td> </tr> <tr style="height:16.65pt;"> <td nowrap="nowrap" width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted average shares outstanding - diluted</font></p> </td> <td width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">36,839,324</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">31,704,978</font></p> </td> </tr> <tr style="height:16.65pt;"> <td nowrap="nowrap" width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Basic EPS attributable to common stockholders:</font></p> </td> <td width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.9pt;"> <td nowrap="nowrap" width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Income from continuing operations</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.17</font></p> </td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.10</font></p> </td> </tr> <tr style="height:15.9pt;"> <td nowrap="nowrap" width="53%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(Loss) income from discontinued operations</font></p> </td> <td width="5%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:15.9pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(0.02)</font></p> </td> </tr> <tr style="height:.2in;"> <td nowrap="nowrap" width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:20.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income attributable to common stockholders</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.17</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.08</font></p> </td> </tr> <tr style="height:16.65pt;"> <td nowrap="nowrap" width="53%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Diluted EPS attributable to common stockholders:</font></p> </td> <td width="5%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:13.65pt;"> <td nowrap="nowrap" width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Income from continuing operations</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.17</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.10</font></p> </td> </tr> <tr style="height:13.65pt;"> <td nowrap="nowrap" width="53%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:10.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(Loss) income from discontinued operations</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td width="21%" style="height:13.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(0.02)</font></p> </td> </tr> <tr style="height:.2in;"> <td nowrap="nowrap" width="53%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-indent:20.0pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Net income attributable to common stockholders</font></p> </td> <td width="5%" style="height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">$</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.17</font></p> </td> <td width="21%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:.2in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">0.08</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The following table displays the weighted average assumptions that have been applied to estimate the fair value of stock option awards on the date of grant for the three months ended July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:323.049988pt;"> <tr style="height:23.7pt;"> <td nowrap="nowrap" valign="bottom" width="58%" style="height:23.7pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="42%" style="border-bottom:solid windowtext 1.0pt;height:23.7pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2013</font></p> </td> </tr> <tr style="height:22.6pt;"> <td nowrap="nowrap" valign="bottom" width="58%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Dividend yield</font></p> </td> <td nowrap="nowrap" valign="bottom" width="42%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:22.6pt;"> <td nowrap="nowrap" valign="bottom" width="58%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Risk-free interest rate</font></p> </td> <td nowrap="nowrap" valign="bottom" width="42%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2.17%</font></p> </td> </tr> <tr style="height:22.6pt;"> <td nowrap="nowrap" valign="bottom" width="58%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected volatility</font></p> </td> <td nowrap="nowrap" valign="bottom" width="42%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">156.61%</font></p> </td> </tr> <tr style="height:22.6pt;"> <td nowrap="nowrap" valign="bottom" width="58%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected lives</font></p> </td> <td nowrap="nowrap" valign="bottom" width="42%" style="height:22.6pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">5 years</font></p> </td> </tr></table> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(1)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected Life: The expected life was determined based on the option’s contractual term and employees’ expected early exercise and post-vesting employment termination behavior.</font></p> <p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(2)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Risk Free Rate: The risk-free interest rate was based on U.S. Treasury yields with a remaining term that corresponds to the expected term of the option calculated on the granted date.</font></p> <p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(3)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Expected Volatility: Expected volatility is computed base on the standard deviation of the continuously compounded rate of return of days when the stock price changed over the historical period of the expected life of the options.</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">(4)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">     </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">Dividend Yield: The expected dividend yield is zero. The Company has not paid a dividend and does not anticipate paying dividends in there foreseeable future.</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The following summarizes pricing and term information for options outstanding as of July 31, 2012:</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.7pt;width:536.599976pt;"> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td colspan="5" nowrap="nowrap" valign="bottom" width="76%" style="border-bottom:solid windowtext 1.0pt;height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Options Outstanding</font></p> </td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Range of</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Total Options</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Average Remaining Life</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Exercise Prices</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Outstanding</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="27%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">(Years)</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;"> </font></p> </td> <td nowrap="nowrap" valign="bottom" width="26%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Average Exercise Price</font></p> </td> </tr><tr style="height:21.0pt;"> <td nowrap="nowrap" valign="bottom" width="20%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="17%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="27%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3.59</font></p> </td> <td nowrap="nowrap" valign="bottom" width="3%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="26%" style="height:21.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The following table is a summary of stock option activity under the Stock Incentive Plan as of July 31, 2012 and changes for the year then ended:</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"> </font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.7pt;width:565.299988pt;"> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Incentive Stock</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted Average</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Weighted Average</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Options</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Exercise Price Per Share</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Remaining Life (Years)</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Outstanding at May 1, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Granted</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Exercised</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Canceled</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">-</font></p> </td> </tr> <tr style="height:15.75pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Outstanding at July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3.59</font></p> </td> </tr> <tr style="height:16.5pt;"> <td nowrap="nowrap" valign="bottom" width="30%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:10.0pt;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">Exercisable at July 31, 2012</font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">40,000</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">7.65</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="21%" style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;line-height:115%;">3.59</font></p> </td> </tr></table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">The Company reports its operations primarily through the following reportable operating segments: coal mining, coal wholesaling, coking coal washing revenue. The Company’s chief operating decision maker uses operating income as the primary measure of segment profit and loss.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:4.65pt;width:0px;"> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td colspan="5" nowrap="nowrap" valign="bottom" width="53%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">For the three months ended July 31,</font></b></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Revenues&#160; (including intersegment sales)</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">15,546,853</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,889,562</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">12,294,981</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">4,462,730</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,720,948</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">6,644,119</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">17,910,229</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">18,860,387</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">47,473,011</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">36,856,798</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">489,427</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">855,685</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td width="47%" style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Revenue</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">47,473,011</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">37,712,483</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Intersegment revenues</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2012</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2011</font></b></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:10.0pt;">712,919</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal wholesale revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">74,401</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:14.65pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coking revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:14.65pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,090,675</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,167,076</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">712,919</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Discontinued operations</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal mining revenue</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Coal washing revenue </font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366,258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total</font></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">-</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">366.258</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> </tr><tr style="height:15.4pt;"> <td width="47%" style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:solid windowtext 1.0pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">Total Intersegment revenues</font></b></p> </td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="19%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">2,167,076</font></p> </td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">&#160;$ </font></p> </td> <td nowrap="nowrap" valign="bottom" width="20%" style="border-bottom:double windowtext 2.25pt;height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:10.0pt;">1,079,178</font></p> </td> </tr> <tr style="height:15.4pt;"> <td nowrap="nowrap" valign="bottom" width="47%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="19%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="4%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="nowrap" valign="bottom" width="5%" style="height:15.4pt;padding:0in 5.4pt 0in 5.4pt;"></td> <td nowrap="no