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Consolidated Statements of Cash Flows (In thousands) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 5,809 $ 7,931
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 470 163
Share-based compensation expenses 172 121
Changes in fair value of warrants   (1,861)
Share of (earnings) losses in equity investment affiliates 105  
Gain on deconsolidation of subsidiary (230)  
Gain on disposal of property and equipment (3)  
Deferred taxes (46)  
Changes in operating assets and liabilities    
Accounts receivable (2,171) (1,559)
Other receivables 1,320 2,110
Prepayment and deposit to suppliers (309) (1,343)
Due from related parties (258) 228
Other current assets (2) (238)
Accounts payable 258 38
Advances from customers (1,477) 31
Accrued payroll and other accruals (50) 95
Due to Control Group (81) (4)
Due to director (147) 162
Due to related parties (137) (24)
Other payables 77 (6)
Taxes payable 797 339
Net cash provided by operating activities 4,097 6,183
Cash flows from investing activities    
Purchases of property and equipment (152) (110)
Purchase of intangible assets (11) (4)
Prepayment for purchase of intangibles (1,418)  
Restricted cash for incorporation of subsidiaries (186)  
Cash from acquisition of subsidiaries 24  
Cash effect on deconsolidation of a subsidiary (182)  
Payment for acquisition of subsidiaries (1,451)  
Net cash used in investing activities (3,376) (114)
Cash flows from financing activities    
Cash investment contributed by noncontrolling interest 224 143
Dividend paid to Series A convertible preferred stockholders (283) (284)
Increase of short-term loan to third parties   (2,034)
Net cash used in financing activities (59) (2,175)
Effect of exchange rate fluctuation on cash and cash equivalents 195 37
Net increase (decrease) in cash and cash equivalents 857 3,931
Cash and cash equivalents at beginning of the period 15,590 13,917
Cash and cash equivalents at end of the period 16,447 17,848
Supplemental disclosure of cash flow information    
Income taxes paid 117 1,082
Income taxes refunded   921
Warrant liability reclassify to additional paid in capital   7,703
Restricted stock and options granted for future service $ 87 $ 177