SEGMENT FINANCIAL INFORMATION

9 Months Ended

Sep. 30, 2012

SEGMENT FINANCIAL INFORMATION [Text Block]

11.	SEGMENT FINANCIAL INFORMATION
	The Group determines segments based on how management makes decisions about allocating resources to segments and measuring their performance.

The Group’s operations are mainly classified into two principal reportable segments that provide different products or services: commercial properties leasing, and the purchase and sale of goods, which we refer to as trading. Separate management of each segment is required because each business unit is subject to different marketing, operation, and technology strategies.

Accounting policies of the transactions between segments are the same as those described in the summary of significant accounting policies. Performance is measured by various factors such as segment revenue and segment profit. Individual segment assets are not measurement reviewed by management. All corporate expenses and income tax expenses are allocated to the segments.

Nine months ended September 30, 2012 (Unaudited)

		Commercial											Total
		properties			Trading			Others			Elimination		segments
		leasing
External revenue	$	3,449,297		$	89,608,464		$	-		$	-	$	93,057,761
Segment profit (loss)		(11,023,048	)		(4,894,873	)		(837,111	)		-		(16,755,032	)

Nine months ended September 30, 2011 (Unaudited)

		Commercial										Total
		properties		Trading			Others			Elimination		segments
		leasing
External revenue	$	2,899,536	$	133,634,400		$	-		$	-	$	136,533,936
Gain on business Combination		7,116,499		-			-			-		7,116,499
Segment profit (loss)		2,395,588		(186,306	)		(1,134,369	)		-		1,074,913

Three months ended September 30, 2012 (Unaudited)

		Commercial										Total
		properties			Trading		Others			Elimination		segments
		leasing
External revenue	$	191,508		$	20,567,930	$	-		$	-	$	20,759,438
Segment profit (loss)		(4,155,032	)	$	20,567,930	$	(231,007	)		-		(3,804,317	)

Three months ended September 30, 2011 (Unaudited)

		Commercial
		properties											Total
		leasing			Trading			Others			Elimination		segments
External revenue	$	1,059,918		$	35,711,021		$	-		$	-	$	36,770,939
Segment profit (loss)		(976,107	)		(296,182	)		(199,158	)		-		(1,471,447	)

*Revenue from other segment consist of small on-line sales of goods