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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities  
Net (loss) income$ (5,124,341)$ 2,484,763
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization125,56366,864
Common stock issued for services2,491,9380
Amortization of discount on convertible notes payable3,538,0300
Amortization of offering asset1,017,1840
Changes in operating assets and liabilities:  
Accounts receivable(3,150,504)(180,648)
Inventory329,033(74,550)
Other current assets(1,221,991)198,707
Government grant273,478(78,815)
Accounts payable(78,128)243,095
Accrued expenses and other payables2,393,661347,087
Income tax payable426,086(250,918)
Deferred tax assets(5,194)(17,838)
Net cash provided by operating activities1,014,8152,737,747
Cash Flows from Investing Activities  
Increase in other receivables(1,156,767)0
Purchase of property, plant and equipment(476,636)(42,103)
Change in restricted cash(698,646)146,853
Increase in construction in progress0(158,514)
Increase in cash due to VIE agreement with China Flying76,0750
Net cash used in investing activities(2,255,974)(53,764)
Cash Flows from Financing Activities  
Due from (to) a related party1,907,124(557,536)
Net proceeds from issuance of convertible notes6,522,5630
Increase (decrease) in bank borrowing458,215(440,558)
Net cash provided by (used in) financing activities8,887,902(998,094)
Effects of foreign currency conversion on cash347,77011,767
Net increase in cash and cash equivalents7,994,5141,697,656
Cash at beginning of period2,222,0251,817,875
Cash at end of period10,216,5393,515,531
Supplemental Disclosures of Cash Flow Information  
Interest paid on bank loan67,40526,041
Income taxes$ 31,562$ 95,803