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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales $ 33,208,556 $ 71,934,499 $ 69,040,534 $ 97,923,379
Straight-line rental income 1,570,838 786,483 3,253,217 1,715,902
Contingent rental income and others 1,686 42,682 4,572 123,716
Total revenue 34,781,080 72,763,664 72,298,323 99,762,997
Cost of goods sold 33,085,874 71,321,790 68,763,147 96,698,850
Expenses applicable to straight-line rental income 1,280,940 288,466 2,497,621 1,291,839
Expenses applicable to contingent rental and others 0 54,739 0 152,375
Total cost 34,366,814 71,664,995 71,260,768 98,143,064
Gross profit 414,266 1,098,669 1,037,555 1,619,933
Operating expenses        
Selling expenses 170,424 448,378 463,036 667,490
General and administrative expenses 8,255,322 1,162,619 10,507,715 2,489,937
Total operating expenses 8,425,746 1,610,997 10,970,751 3,157,427
Loss from operations (8,011,480) (512,328) (9,933,196) (1,537,494)
Other income (expenses)        
Interest income 350,443 1,773 965,867 3,319
Interest expense (2,873,091) (2,123,941) (5,528,088) (4,274,918)
Net non-operating (expense)/income 10,035 135,683 (225,255) 139,220
Gain on business combination 0 0 0 7,116,499
Other income (expenses), net (2,512,613) (1,986,485) (4,787,476) 2,984,120
Income (loss) before income tax (10,524,093) (2,498,813) (14,720,672) 1,446,626
Income tax benefit 851,644 543,995 1,769,957 1,167,459
Net income (loss) from continuing operations (9,672,449) (1,954,818) (12,950,715) 2,614,085
Discontinued operations        
Loss from operations of the discontinued component, including gain/loss on the disposal of Nil 0 (48,516) 0 (91,593)
Income tax 0 13,099 0 23,868
Net loss on discontinued operation 0 (35,417) 0 (67,725)
Income/(loss) before non-controlling interest (9,672,449) (1,990,235) (12,950,715) 2,546,360
Less: net loss attributable to the non-controlling interest (851) (2,402) (17,918) (38,002)
Net income (loss) attributable to the Fifth Season's common stockholders (9,671,598) (1,987,833) (12,932,797) 2,584,362
Comprehensive income (loss):        
Net income (loss) (9,672,449) (1,990,235) (12,950,715) 2,546,360
Foreign currency translation adjustment (248,943) 621,632 (188,200) 777,799
Comprehensive income (loss) (9,921,392) (1,368,603) (13,138,915) 3,324,159
Less: comprehensive loss attributable to the non- controlling interests 85 (2,257) 49 (38,002)
Comprehensive income(loss) attributable to the Fifth Season's common stockholders $ (9,921,477) $ (1,366,346) $ (13,138,964) $ 3,362,161
Basic and diluted weighted average shares outstanding 399,999,847 399,999,847 399,999,847 395,841,754
Basic and diluted earnings(loss) per share        
-Continuing operations $ (0.02) $ 0.00 $ (0.03) $ 0.01
-Discontinued operations $ 0 $ 0 $ 0 $ 0
-Continuing and discontinued operations $ (0.02) $ 0.00 $ (0.03) $ 0.01