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Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 10,032,346 $ 7,700,156
Restricted cash 583,214 706,802
Accounts receivable, net 1,815,485 1,917,699
Inventory 1,257,031 1,187,895
Note receivable-related parties, current portion    239,476
Loan to customers and suppliers 2,889,492 2,513,460
Other receivables 157,616 53,936
Prepayment 3,325,391 3,633,674
Other current assets 542,953 914,594
Deferred tax assets 46,532 46,042
Total current assets 20,650,060 18,913,734
Property, plant and equipment, net 4,871,577 4,771,299
Construction in progress 79,382 35,878
Intangible asset, net 1,320,313 838,089
Other non-current assets 368,258 328,006
Total assets 27,289,590 24,887,006
Current liabilities:    
Accounts payable 582,052 784,777
Other payable and accrued liabilities 1,048,362 758,907
Income tax payable 1,476,642 1,216,841
Convertible notes, net 5,870,686   
Current portion of long-term borrowing 793,817 785,456
Total current liabilities 9,771,559 3,545,981
Advance from government grant 249,979 355,754
Convertible notes, net    4,488,881
Note payable - related party 13,722 13,722
Long term borrowing 1,587,633 628,365
Total liabilities 11,622,893 9,032,703
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.001 par value, 50,000,000 shares authorized, 13,324,083 issued and outstanding as of June 30, 2012 (unaudited) and December 31, 2011, respectively 13,324 13,324
Additional paid-in capital 12,220,181 12,220,181
Retained earnings 2,297,420 2,695,983
Statutory reserve 373,406 373,406
Accumulated other comprehensive income 762,366 551,409
Total stockholders' equity 15,666,697 15,854,303
Total liabilities and stockholders' equity $ 27,289,590 $ 24,887,006