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CONSOLIDATED STATEMENTS OF OPERATION AND COMPREHENSIVE INCOME (LOSS) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sales $ 20,567,930 $ 35,711,021 $ 89,608,464 $ 133,634,400
Straight line rental income and others 191,508 1,059,918 3,449,297 2,899,536
Total revenue 20,759,438 36,770,939 93,057,761 136,533,936
Cost of goods sold 20,534,368 35,121,235 89,297,515 131,820,085
Expenses applicable to straight-line rental income and others 1,169,149 886,764 3,666,770 2,330,978
Total cost 21,703,517 36,007,999 92,964,285 134,151,063
Gross profit/(loss) (944,079) 762,940 93,476 2,382,873
Operating expenses        
Selling expenses 183,415 473,295 646,451 1,140,785
General and administrative expenses 457,500 1,671,966 10,965,215 4,161,903
Total operating expenses 640,915 2,145,261 11,611,666 5,302,688
Loss from operations (1,584,994) (1,382,321) (11,518,190) (2,919,815)
Other income (expenses)        
Interest income 225,152 3,096,172 1,191,019 3,099,491
Interest expense (2,028,074) (2,691,836) (7,556,162) (6,966,754)
Net non-operating (expense)/income (207,358) (135,321) (432,613) 3,899
Gain on business combination 0 0 0 7,116,499
Other income (expenses), net (2,010,280) 269,015 (6,797,756) 3,253,135
Income (loss) before income tax (3,595,274) (1,113,306) (18,315,946) 333,320
Income tax benefit/(expense) (50,759) 179,665 1,719,198 1,347,124
Net income (loss) from continuing operations (3,646,033) (933,641) (16,596,748) 1,680,444
Discontinued operations        
Gain(Loss) of operations of the discontinued component (19,163) (407,428) (19,163) (499,021)
Gain(loss)on the disposal of the component (139,121) 0 (139,121) 0
Income tax 0 (130,378) 0 (106,510)
Net loss on discontinued operation (158,284) (537,806) (158,284) (605,531)
Income/(loss) before non-controlling interest (3,804,317) (1,471,447) (16,755,032) 1,074,913
Less: net loss attributable to the non- controlling interest (1,921) (3,855) (19,839) (41,857)
Net income (loss) attributable to the Fifth Season's common stockholders (3,802,396) (1,467,592) (16,735,193) 1,116,770
Comprehensive income (loss):        
Net income (loss) (3,804,317) (1,471,447) (16,755,032) 1,074,913
Foreign currency translation adjustment (149,703) 921,642 (337,903) 1,699,441
Comprehensive income (loss) (3,954,020) (549,805) (17,092,935) 2,774,354
Less: comprehensive loss attributable to the non-controlling interests 26 (3,855) 75 (41,857)
Comprehensive income(loss) attributable to the Fifth Season's common stockholders $ (3,954,046) $ (545,950) $ (17,093,010) $ 2,816,211
Basic and diluted weighted average shares outstanding 399,999,847 399,999,847 399,999,847 397,243,016
Basic and diluted earnings(loss) per share $ (0.01) $ 0.00 $ (0.04) $ 0.00
-Continuing operations $ (0.01) $ 0.00 $ (0.04) $ 0.00
-Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
-Continuing and discontinued operations $ (0.01) $ 0.00 $ (0.04) $ 0.00