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Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Cash and cash equivalents$ 1,346,494$ 3,806,939
Restricted cash3,601,315304,540
Accounts receivable693,205541,809
Inventories907,2641,020,912
Advance payments9,678,4069,363,683
Loans to third parties3,962,5943,224,210
Dividends receivable271,861524,400
Other current assets1,386,531986,519
Total current assets21,847,67019,773,012
Property and equipment, net6,220,6604,731,838
Advance payments-non current3,575,1963,465,541
Deferred income taxes53,76452,114
Goodwill64,36062,386
Investment in non-consolidated entity9,680,8709,383,948
Other non-current assets33,79634,371
Total other assets13,407,98612,998,360
Total assets41,476,31637,503,210
Accounts payable and accrued expenses434,4811,523,027
Short-term bank loans1,565,0001,517,000
Trade notes payable5,947,000606,800
Customer advances133,6011,222,234
Current maturities of capital lease obligations124,786 
Due to former shareholders1,686,2281,634,509
Income taxes payable122,536178,643
Loans from third parties17,909,20418,873,908
Other current liabilities1,007,467611,054
Total current liabilities28,930,30326,167,175
Long- term capital lease obligations202,576 
Total liabilities29,132,87926,167,175
Commitments and contingencies  
Common stock, $0.001 par value, 75,000,000 shares authorized,125,000 shares issued and outstanding at September 30, 2011 and December 31, 2010.125125
Additional paid-in capital8,105,2578,105,257
Retained earnings2,704,6902,162,039
Statutory reserve343,432283,119
Accumulated other comprehensive income1,177,830773,166
Total stockholders' equity12,331,33411,323,706
Noncontrolling interest12,10312,329
Total equity12,343,43711,336,035
Total liabilities and equity$ 41,476,316$ 37,503,210