XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
AUDITED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and equivalents $ 186,957 $ 406,100
Accounts receivable, net of allowance for doubtful accounts of $59,307 and $42,227 at December 31, 2013 and 2012 126,025 189,468
Inventory 793,335 802,848
Prepaid expenses and other current assets 65,459 124,104
Total current assets 1,171,776 1,522,520
Equipment, net of accumulated depreciation 153,062 181,945
Investments 223,990 479,026
Deferred income tax   89,000
Intangible assets 139 1,272
Total assets 1,548,967 2,273,763
Current liabilities:    
Short term loan 402,212 413,351
Accounts payable 187,443 305,855
Accrued expenses 20,913 27,578
Receipts in advance and other current liabilities 8,853 16,606
Total current liabilities 619,421 763,390
Stockholders' equity    
Common Stock - Par Value $0.001 67,448,890 shares issued and outstanding at December 31, 2013 and 2012 67,449 67,449
Additional paid in capital 3,112,230 3,112,230
Accumulated other comprehensive income 261,108 332,722
Accumulated deficit (2,511,241) (2,002,028)
Total stockholders' equity 929,546 1,510,373
Total liabilities and stockholders' equity $ 1,548,967 $ 2,273,763