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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities:    
Net income $ 10,487,697 $ 9,061,912
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 6,628,874 6,492,260
Reversal for doubtful accounts (711,175) 0
Stock based compensation 111,467 93,602
Foreign currency exchange gain (145,186) (392,608)
Loss on disposal of property, plant and equipment 81,228 72,892
Interest income from short-term investments carried at amortized cost (30,944) 0
Income from equity method investments (225,444) 0
Deferred income taxes (43,516) 10,738
Changes in fair value of warrant liabilities 131,953 (288,968)
Changes in current assets and liabilities:    
Restricted cash for notes payable (14,483,765) (50,475,674)
Trade accounts receivable 3,635,648 (8,291,096)
Notes receivable 266,610 (350,930)
Other receivable and prepayments 1,683,384 264,671
Advances to suppliers, unrelated parties 10,095,647 4,718,122
Advances to suppliers, related parties (43,541,260) 13,630,723
Inventories (14,134,383) (36,851,431)
Accounts payable, unrelated parties 11,033,692 54,402,504
Accounts payable, related parties 13,431,063 0
Other payables and accrued expenses (1,133,841) (1,133,980)
Other payables, related parties 0 (608,674)
Advances from customers 6,230,157 (1,619,409)
Net Cash Used In Operating Activities (10,632,094) (11,265,346)
Cash Flows from Investing Activities:    
Purchase of property, plant and equipment, net of value added tax refunds received (3,818,123) (13,558,760)
Proceeds from disposal of property, plant and equipment 529,721 26,025
Purchase of intangible assets (3,565,706) 0
Equity method investments (6,190,476) 0
Payments for short-term investments 0 (4,755,262)
Proceeds from sale of short-term investments 4,891,063 0
Net Cash Used In Investing Activities (8,153,521) (18,287,997)
Cash Flows from Financing Activities:    
Proceeds from loans 117,233,696 143,934,932
Repayment of loans (118,055,195) (114,432,824)
Restricted cash for bank loans 28,556,205 (15,621,037)
Payments on repurchase of common stock (43,841) (534,269)
Net Cash Provided by Financing Activities 27,690,865 13,346,802
Effect of Exchange Rate Changes on Cash and Cash Equivalents 96,169 425,014
Net Change in Cash and Cash Equivalents 9,001,419 (15,781,527)
Cash and Cash Equivalents at Beginning of Period 9,530,531 21,324,931
Cash and Cash Equivalents at End of Period 18,531,950 5,543,404
Supplemental Non-Cash Information:    
Offset of notes payable to related parties against receivable from related parties (Note 10) 10,696,709 10,352,131
Supplemental Cash Flow Information:    
Cash paid during the period for interest expense (7,106,565) (7,230,874)
Cash (paid)/received during the period for income tax $ (2,339,344) $ (476,495)