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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income (loss) $ 1,052,861 $ (596,767)
Adjustments to reconcile net loss to net cash provided by operating activities :    
Depreciation and amortization 1,668,979 1,349,240
Allowance for doubtful accounts 1,156,434 146,393
Loss (gain) on disposal of property, plant and equipment 55,000 (7,462)
Equity loss in an associate    108,346
Income on derivative instruments (97,029) (211,898)
Deferred income tax 225,862 (159,157)
Share based payment 145,459 612,057
Changes in operating assets and liabilities :    
Accounts receivable (3,904,228) (1,839,396)
Notes receivable (722,104) (141,131)
Prepayments 629,689 (4,688,226)
Other receivable 231,388 212,606
Inventories (3,385,965) 1,518,693
Accounts payable 5,412,400 3,510,379
Deferred revenue 650,951   
Other payables and accrued liabilities (1,602,391) 151,627
Income taxes payable 459,052 (1,041,362)
Net cash flows provided by (used in) operating activities 1,976,358 (1,076,058)
Cash flows from investing activities    
Acquisition of plant and equipment (9,626,668) (4,986,349)
Acquisition of land use right (1,323,559)   
Net cash flows used in investing activities (10,950,227) (4,986,349)
Cash flows from financing activities    
Proceeds from short-term bank loans 9,866,422 12,708,732
Repayment of short-term bank loans (3,772,049) (7,305,110)
Proceeds from long-term bank loans 7,899,893   
Proceeds from notes payable 33,555,477 24,638,742
Repayment of notes payable (27,278,534) (16,766,610)
Proceeds from letter of credit    2,995,868
Repayment of letter of credit (2,880,000) (1,379,051)
Proceeds from non-controlling interest 947,987   
Increase in restricted cash (9,495,213) (9,231,878)
Net cash flows provided by financing activities 8,843,983 5,660,693
Effect of foreign currency translation on cash and cash equivalents 455,068 96,274
Net increase (decrease) in cash and cash equivalents 325,182 (305,440)
Cash and cash equivalents - beginning of period 5,175,623 8,490,629
Cash and cash equivalents - end of period 5,500,805 8,185,189
Cash paid for :    
Income taxes 258,300 1,271,794
Interest expenses 917,662 607,203
Non-cash transactions    
Accounts payable for construction in progress $ 2,285,517