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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss$ (3,462,076)$ (402,081)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization527,802425,163
Gain from sale of property, plant and equipment 1,829
Provision for doubtful accounts(2,321)(14,642)
Deferred taxes(84,479)2,556
Net unrealized gain on trading securities22,167(53,966)
Gain from the disposal of Dragonwear Trading Ltd. (14,001)
Gain from settlement of long- term note (8,968)
Penalty for existing Isorad agreement150,000 
Accrued interest and exchange rate differences of long-term debt(83,933)479
Accrued interest and exchange rate differences on refundable deposits for the purchase of a business (15,320)
Impairment of Isorad587,318 
Equity Gains(28,386) 
Changes in assets and liabilities:  
Decrease in accounts receivable(354,289)(912,700)
Increase in inventories(62,276)(189,693)
Decrease in trading securities1,588,337419,346
Decrease in related parties accounts(136,484)(425,233)
Increase in other current assets(772,226)(272,625)
Increase (decrease) in funds in respect of employee rights upon retirement76,874(63,255)
Increase in accounts payable998,795936,561
Increase (decrease) in other current liabilities11,668(261,004)
(Decrease) increase in liability for employee rights upon retirement(90,297)86,225
Net cash used in Operating Activities(1,113,806)(761,329)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of property, plant and equipment(760,186)(174,239)
Proceeds from sale of property, plant and equipment 6,891
Purchase of the Philcar business(235,502) 
Refundable deposits for purchase of a business (13,782)
Net cash used in Investing Activities(995,688)(181,130)
CASH FLOWS FROM FINANCING ACTIVITIES:  
(Reduction) increase in Short-term debt, net(525,362)232,736
Proceeds from long-term debt317,664124,794
Repayment of long-term debt(214,521)(224,877)
Redemption of related party creditors14,233 
Net cash (used in) provided by Financing Activities(407,986)132,653
EFFECT OF CHANGES IN EXCHANGE RATES ON CASH AND CASH EQUIVALENTS41,976127,433
NET DECREASE IN CASH AND CASH EQUIVALENTS(2,475,504)(682,373)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD3,502,4613,783,631
CASH AND CASH EQUIVALENTS - END OF PERIOD1,026,9573,101,258
INTEREST PAID105,54536,567
TAXES PAID60,850134,414
Net fair value of the assets acquired and liabilities assumed at the acquisition date was as follows:  
Working capital, net (329,187)
Property and equipment 100,883
Intangible assets 597,756
Net fair value of the assets acquired and liabilities assumed $ 369,452