10-Q

U. S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2013

¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ___________ to ___________.

Commission File Number 001-34427

Tri-Tech Holding Inc.

(Exact name of registrant as specified in its charter)

Cayman Islands	Not Applicable
(State or other jurisdiction of	(I.R.S. employer
incorporation or organization)	identification number)

16th Floor of Tower B, Renji Plaza

101 Jingshun Road, Chaoyang District

Beijing 100102 China

(Address of principal executive offices and zip code)

+86 (10) 5732-3666

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes  x   No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes  x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer (Do not check if a smaller reporting company)	¨	Smaller reporting company	x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨   No x  ¨

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

The Company is authorized to issue 30,000,000 ordinary shares, $0.001 par value per share. As of August 14, 2013, the Company has 8,253,406ordinary shares outstanding, excluding 21,100 treasury shares.

TRI-TECH HOLDING INC.

FORM 10-Q

INDEX

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS		ii
PART I.	FINANCIAL INFORMATION	1
Item 1.	Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	14
Item 4.	Controls and Procedures	14
PART II.	OTHER INFORMATION	15
Item 1.	Legal Proceedings	15
Item 1A.	Risk Factors	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults Upon Senior Securities	15
Item 4.	Mine Safety Disclosures.	15
Item 5.	Other Information	15
Item 6.	Exhibits	15
FINANCIAL STATEMENTS		F-1

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This document contains certain statements of a forward-looking nature. Such forward-looking statements, including but not limited to projected growth, trends and strategies, future operating and financial results, financial expectations and current business indicators are based upon current information and expectations and are subject to change based on factors beyond the control of the Company. Forward-looking statements typically are identified by the use of terms such as “look,” “may,” “should,” “might,” “believe,” “plan,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently. The accuracy of such statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including but not limited to the following:

• the timing of the development of future products;

• projections of revenue, earnings, capital structure and other financial items;

• statements of the Company’s plans and objectives;

• statements regarding the capabilities of its business operations;

• statements of expected future economic performance;

• statements regarding competition in its market; and

• assumptions underlying statements regarding the Company or its business.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update this forward-looking information. Nonetheless, the Company reserves the right to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this Report. No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates.

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

See the financial statements following the signature page of this report, which are incorporated herein by reference.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion contains, in addition to historical information, forward-looking statements that involve risks and uncertainties. The actual results could differ materially from those described herein.

Company Overview

Tri-Tech Holding Inc. (the “Company” or “we”) is a leading provider of integrated solutions, products and technologies to water resource management and environmental protection industries. The Company has successfully implemented projects throughout the world, including China, India, the Middle East and North America.

The Company aims to provide tailored solutions to complex environmental challenges faced by both public and private sectors in China and beyond. Its client consists of a combination of government agencies, municipalities, and industrial entities.

The Company’s principal executive offices are located at the 16th Floor of Tower B, Renji Plaza, 101 Jingshun Road, Chaoyang District, Beijing 100102 China. The telephone number at this address is +86 (10) 5732-3666. Its ordinary shares are traded on the NASDAQ Capital Market under the symbol “TRIT.” The Company’s website (www.tri-tech.cn), which is not incorporated herein, provides a variety of information including current, quarterly and annual reports.

Principal Products, Services and Their Markets

The Company operates in three segments: (i) Water, Wastewater Treatment and Municipal Infrastructure (“WWTM”), (ii) Water Resource Management System and Engineering Services (“WRME”), and (iii) Industrial Pollution Control and Safety (“IPCS”). Through its subsidiaries, variable interest entities (“VIE”) and joint venture partnership, the Company:

· Provides proprietary and third-party products, integrated systems and other services for the purposes of water resource monitoring, development, utilization and protection;

· Designs water works and customized facilities for reclaiming and reusing water and sewage treatment for China’s municipalities;

· Design mechanical vapor compression (“MVC”) systems for seawater desalination and industrial zero liquid discharge (“ZLD”);

· Designs systems that track natural waterway levels for flood and drought control, monitor groundwater quality, manage water resources and irrigation systems; and

· Provides systems for volatile organic compound (“VOC”) abatement, odor control, water and wastewater treatment, water recycling facilities design, project engineering, procurement and construction for petroleum refineries, petrochemical and power plants as well as safe and clean production technologies for oil and gas field exploration and pipelines.

Business Segments

Segment 1: Water, Wastewater Treatment and Municipal Infrastructure (“WWTM”)

In WWTM, the Company focuses on providing solutions to municipal water, wastewater treatment and gray water recycling. The Company’s services include engineering, procurement and implementation, and operation management.

Segment 2: Water Resource Management System and Engineering Service (“WRME”)

WRME involves projects relating to water resource management, flood control and forecasting, irrigation systems, and similar ventures through system integration of proprietary and third-party hardware and software products. For government agencies, the Company designs systems that track natural waterway levels for drought control, monitor groundwater quality, and generally manage water resources and irrigation systems.

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Segment 3: Industrial Pollution Control and Safety Water Resource (“IPCS”)

Equipped with a variety of technologies and products, such as ZLD, multi-effect evaporation, and multi-flash evaporation, IPCS focuses on industrial water, wastewater treatment and seawater desalination for industrial production and pollution control in the petroleum and power industries. Projects in this segment include traditional Engineering Procurement Construction (“EPC”) of equipment and modules, and the operation and maintenance of industrial wastewater treatment plants. For petroleum refineries, petrochemical factories and power plants, the Company provides systematic solutions for VOC abatement, odor control, water and wastewater treatment, and water recycling. The Company also provides safe and clean production technologies for oil and gas field exploration and pipeline transportation.

Critical Accounting Policies

Estimates and Assumptions

The preparation of financial statements requires management to make numerous estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Changes in these estimates and assumptions may have financial impacts on recognition and disclosure of assets, liabilities, equity, revenues and expenses. However, we believe that these estimates used in preparing our financial statements, which are based on our best professional judgment, are reasonable and prudent.

The most complex and subjective estimates and assumptions that present the greatest amount of uncertainty relate to the recognition of revenue under the percentage of completion method, recording business combinations, the allowance for doubtful accounts, long term contract collectability, impairment of fixed assets and intangible assets, and income taxes. We evaluate all of these estimates and judgments on an on-going basis. Below are the most critical estimates and assumptions we make in preparing the consolidated financial statements.

Revenue Recognition

Our revenues consist primarily of three categories: (i) System Integration, (ii) Hardware Product Sales, and (iii) Software Product Sales. The Company recognizes revenue when the consideration to be received is fixed or determinable, products delivered, or services rendered, and collectability ensured.

For system integration, sales contracts are structured with fixed price. The contract periods range from two months to approximately three years in length. We recognize revenue of these contracts following the percentage-of-completion method, measured by different stages in accordance with ASC 605-35, “Construction-Type and Production-Type Contracts.” Only if the actual implementation status meets the established stages of completion will we recognize the relevant portion of the revenue. There are four major stages for the system integration revenue recognition: (a) the completion of project design, (b) the delivery of products, (c) the completion of debugging, and (d) inspection and acceptance.

For hardware product sales, we recognize revenue only when all products are delivered and the acceptance confirmations are signed by the customers, according to ASC 605-10, “Revenue Recognition.” We are not obligated for any repurchase or return of the goods.

We also sell software products. These software product sales do not include any additional services such as maintenance or technical support. We recognize revenue under ASC 985-605, “Software Revenue Recognition” according to the acceptance of delivery revenue recognition method. At the end of each reporting period, we recognize the contract amount as revenue only if all software products have been delivered and the customer acceptance confirmation has been signed.

If unapproved change orders or claims occur in the future, in accounting for contracts, we follow paragraphs 30 and 31 of ASC 605-35-25, “Construction-Type and Production-Type Contracts.” We recognize revenue from unapproved change orders or claims only to the extent that contract costs relating to the unapproved change orders or claims have been incurred, and only if it is probable that such unapproved change orders or claims will result in additional contract revenue and the amount of such additional revenue can be reliably estimated. To date, we have not experienced any unapproved change orders in our ordinary business operation.

We present all sales revenue net of a value-added tax (“VAT”). Our products sold in China are generally subject to Chinese VAT of 17% of the sales price, except for certain proprietary software sales, which will only be subject to an effective tax rate of 3%. The VAT payable may be offset by VAT paid by us on purchased raw materials and other materials included in the cost of projects or producing the finished product.

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We record revenue in excess of billings as “unbilled revenue”. For revenues accounted for under this account, we expect the amounts to be collected within one year. For those with collection periods in excess of one year, we classify them under “long-term unbilled revenue” on the consolidated balance sheets.

The Company obtained several contracts with a billing cycle of over three years in the past two years. The discounted revenues from those contracts are recorded and the discount rate is the 3-year nominal interest rate of 5.4%, set by the People’s Bank of China, China’s central bank. For the contract where a discount rate is specified, such specified rate is applied. These projects are funded by local governments with central government project appropriations, so the Company does not ascribe any collection risk to such projects.

Accounts Receivable

Given the characteristics of our client base, we are confident that our accounts receivable are of good quality even though our accounts receivable days are relatively long compared with companies in other industries. Our finance team is constantly monitoring the accounts receivable quality and the process and assumptions used in bad debt provision. In case of any event that indicates accounts receivable quality deterioration, management will reassess the bad debt provision within the period such event occurs.

We recognize accounts receivable initially at face value, less an allowance for doubtful accounts. We provide an allowance for doubtful accounts based on the aging of accounts receivable and on any specifically identified accounts receivable that may become uncollectible. We maintain allowances for doubtful accounts for estimated losses resulting from the failure of customers to make required payments in the relevant time periods. We review the accounts receivable on a periodic basis and make general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, we consider many factors, including the age of the balance, the customer’s historical payment history and current credit-worthiness and current economic trends. The amount of the provision, if any, is recognized in the consolidated statement of operations within “general and administrative expenses.”

While the collection period for some of the long-term contracts, such as the build-and-transfer projects, can be as long as two years, given that our clients are primarily government agencies supported by provincial budgets and large state-owned enterprises with sufficient liquidity, we believe the collectability of accounts receivable is secure, long-term or short-term.

Impairment of Assets and Intangible Assets

We monitor the carrying value of our long-lived assets for potential impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. To the extent the estimated undiscounted future cash inflows attributable to the asset, less estimated undiscounted future cash outflows, are less than the carrying amount, we recognize an impairment loss in an amount equal to the difference between the carrying value of such assets and fair value. No impairment indicator is noted in the prior or current periods.

We evaluate the periods of depreciation and amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. Estimating future cash flows require significant judgment, and projections may vary from the cash flows eventually realized which could impact our ability to accurately assess whether an asset has been impaired.

For goodwill, we assess for impairment annually or whenever events or changes indicate that, more likely than not, the carrying value of goodwill has been impaired. We use the income approach to estimate the fair value of the goodwill. The income approach is based on the long-term projected future cash flows of the reporting units. We discount the estimated cash flows to present value using a weighted-average cost of capital that considers factors such as the timing of the cash flows and the risks inherent in those cash flows. We believe that this approach is the most reasonable because it provides a fair value estimate based upon the operating segments’ expected long-term performance considering the economic and market conditions that generally affect our business.

Taxation

Pursuant to the new EIT Law and supplementary regulations, only high-tech companies that have been re-certified as such under the new criteria are granted the preferential enterprise income tax rate of 15%. TTB received a preferential income tax rate of 7.5% from January 1, 2009 to December 31, 2011, after which the EIT rate became 15% as TTB continues to qualify as a high-tech company.

For revenues generated from those parts of our software solutions which are recognized by and registered with government authorities and meet government authorities’ requirements to be treated as software products, we are entitled to receive a refund of 14% on the total VAT paid at a rate of 17%, for an effective rate of 3%. Revenues from software products other than the above are subject to full VAT at 17%. In addition, we are currently exempted from sales tax for revenues generated from development and transfer of tailor-made software solutions for clients. Further, revenues from consulting services are subject to a 5% sales tax.

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PRC Value-Added Tax

Our products sold in China are generally subject to a Chinese VAT at a rate of 17%. Proprietary software sales are subject to business tax of 5%. The VAT may be offset by VAT we pay on raw materials and other materials included in the cost of producing our finished product. Accrued VAT payables from Yanyu, Tranhold and BSST are subject to urban maintenance and construction tax and additional education fees, which are accounted for as 0.5% of the total sales value.

PRC Business Tax

Part of revenues from services provided by TTB, Yanyu, Tranhold and BSST are mostly subject to a Chinese business tax of 5% and surtax of 0.5%. One of the projects in Tianjin is subject to a 3% business tax. We pay business tax on gross revenues generated from our shipping agency services minus the costs of services, which are paid on behalf of our customers. The business tax was terminated in some provinces or categories of China from September 2012. Accordingly, some the Company’s revenues subjected to business tax will incur a 6% VAT.

Recently Issued Accounting Pronouncements

The FASB has issued Accounting Standards Update (ASU) No. 2013-04 through No. 2013-08. None of the standards is expect to have a material impact on the Company’s consolidated financial position or results of operations.

Revenues by Segment

During the three months ended June 30, 2013, Segment 1 contributed 14.2% of the total revenues; Segment 2 contributed 26.6%; and Segment 3 contributed the remaining 59.2%. During the six months ended 30, 2013, Segment 1 contributed 15.8% of the total revenues; Segment 2 contributed 35.1%%; and Segment 3 contributed the remaining 49.1%.

The following table provides revenue percentage for each segment and category for the three months ended June 30, 2013.

	Three Months Ended June 30, 2013
	Segment 1:		%			Segment 2:		%			Segment 3:		%			Total:		%
System Integration	$	2,309,189		100.0	%	$	3,120,332		72.2	%	$	7,692,731		79.7	%	$	13,122,252		80.6	%
Hardware Products	$	-		-		$	1,204,186		27.8	%	$	1,958,179		20.3	%	$	3,162,365		19.4	%
Total Revenues	$	2,309,189		100.0	%	$	4,324,518		100.0	%	$	9,650,910		100.0	%	$	16,284,617		100.0	%

The following table provides revenue percentage for each segment and category for the six months ended June 30, 2013.

	Six Months Ended June 30, 2013
	Segment 1:		%			Segment 2:		%			Segment 3:		%			Total:		%
System Integration	$	4,235,869		100.0	%	$	7,467,130		79.4	%	$	10,556,411		80.4	%	$	22,259,410		83.2	%
Hardware Products	$	-		-		$	1,937,785		20.6	%	$	2,566,250		19.6	%	$	4,504,035		16.8	%
Total Revenues	$	4,235,869		100.0	%	$	9,404,915		100.0	%	$	13,122,661		100.0	%	$	26,763,445		100.0	%

Please refer to Note 31 in our accompanying financial statements for more detailed discussion of the comparable numbers for the three and six months ended June 30, 2013 and 2012.

Backlog and Pipeline

The Company’s backlog represents the amount of contract work remaining to be completed, that is, revenues from existing contracts and work in progress expected to be recognized in current period, based on the assumption that these projects will be completed on time according to the project schedules. The Company evaluates the ongoing projects regularly and updates the schedules as appropriate.

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The following table provides backlog by segments for as of June 30, 2013 and December 31, 2012, respectively.

	June 30, 2013					December 31, 2012
	USD Million		% of Total Backlog			USD Million		% of Total Backlog			% Change
Segment 1:		36.6		66.4	%		38.7		64.4	%		(5.6	)%
Segment 2:		6.3		11.4	%		6.7		11.1	%		(6.0	)%
Segment 3:		12.3		22.3	%		14.7		24.5	%		(16.3	)%
Total		55.2		100.0	%		60.1		100.0	%		(8.2	)%

Pipeline represents the values of projects we have been actively pursuing. The pipeline as of June 30, 2013 and December 31, 2012 was as below:

	June 30, 2013					December 31, 2012
	USD Million		% of Total Pipeline			USD Million		% of Total Pipeline			% Change
Segment 1:		20.3		29.4	%		50.7		57.6	%		(60.0	)%
Segment 2:		18.5		26.8	%		2.5		2.8	%		640.0	%
Segment 3:		30.3		43.8	%		34.8		39.6	%		(12.9	)%
Total		69.1		100.0	%		88.0		100.0	%		(21.5	)%

Having a dynamic nature, the values of secured projects move from pipeline into backlog and backlog to revenue based on percentage of completion, sometimes simultaneously. The backlog decreased by $5.0 million from December 31, 2012 to June 30, 2013, because of the projects’ progress in the second quarter of 2013. Being rigorous in project selection also narrowed down the number of candidate projects.

Review of Strategies

In the second quarter, the Company maintained on its course to improve the productivity of the employees, the efficiency of the management, and cash flows from operations. We revised the employee compensation structure to tie wages even more clearly to achievement of assigned goals. We simplified the chain of command and workflow to reduce the number of steps required to make and implement business decisions. We reduced headcount and consolidated compatible business units. We overhauled the project selection criteria to avoid projects with unacceptable uncertainties or unfavorable payment terms in order to control sales related costs and to ease pressures on the cash flows.

Customers and Marketing/Distribution Methods

The Company has three customers who represented 13%, 12% and 11% of the Company’s revenue for the quarter ended June 30, 2013, respectively. The Company has one customer who represented over 10% of the Company’s revenue for the six months ended June 30, 2013. Although we are dependent on our large clients to a certain degree, we believe that collectability of accounts receivables is relatively secure because our client base consists primarily of government agencies or large state-owned enterprises.

Employees

As of June 30, 2013, the Company had 373 full-time and no part-time employees, of which 66 focused on projects. Of all employees 36% were in technical services, 13% were in sales, 10% were in manufacturing, 9% were in research and development, 9% were in accounting and finance, and the remaining 23% were in general and administrative services. In wake of the Company’s financial performance, further downsizing and business consolidation can be expected. .

Results of Operations

Overview for the Three and Six Months Ended June 30, 2013 and 2012

Key metrics for the second quarter of 2013 include the following:

· Total revenues were $16,284,617 in the second quarter of 2013, a decrease of 29.3% from $23,040,534 in the same period of 2012. This decrease is primarily attributable to the progress of Ordos and India projects. Ordos project had approached the end, while the India projects got their permission for India government late and progressed more slowly than expected. The Ordos project is nearly complete, resulting in lower revenues from the project in the second quarter 2013. The India projects, on the other hand, revised the project plan per the customer’s request and the revision had not yet received government permission, which led to slower progress and, as a result, lower revenues than expected.

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· Total cost of revenues decreased by 26.5%, from $17,216,468 in the second quarter of 2012 to $12,657,369 in the second quarter of 2013. This decrease is due to the decrease of related revenue and inflation in raw materials and labor costs.

· Total operating expenses were $3,676,503 for the second quarter of 2013, a decrease of 12.4%, compared with the amount in the same period of 2012. Given this initial success in the beginning of 2013, the Company continues to exert control over operating expenses.

· Operating loss was $49,255 in the second quarter of 2013, comparing with operating income of $1,629,139 in the second quarter of 2012, representing 0.3% and 7.1% of total revenues in the second quarter of 2013 and 2012, respectively. The decrease was due to the decreased revenue.

· Net loss attributable to TRIT for the second quarter of 2013 and net income attributed to TRIT in the same period of 2012 were $602,020 and $1,370,887, respectively.

The following are the operating results for the three months ended June 30, 2013 and 2012:

	Three Months Ended June 30, 2013 ($)			% of Sales			Three Months Ended June 30, 2012($)			% of Sales			Change ($)			Change (%)
Revenue		16,284,617			100.0	%		23,040,534			100.0	%		(6,755,917	)		(29.3	)%
Cost of Revenues		12,657,369			77.7	%		17,216,468			74.7	%		(4,559,099	)		(26.5	)%
Selling and Marketing Expenses		850,551			5.2	%		935,853			4.1	%		(85,302	)		(9.1	)%
General and Administrative Expenses		2,643,040			16.2	%		3,247,546			14.1	%		(604,506	)		(18.6	)%
Research and Development Expenses		182,912			1.1	%		11,528			0.1	%		171,384			1,486.7	%
Total Operating Expenses		3,676,503			22.6	%		4,194,927			18.2	%		(518,424	)		(12.4	)%
Operating (Loss) Income		(49,255	)		(0.3	)%		1,629,139			7.1	%		(1,678,394	)		(103.0	)%
Other Expenses		(666,524	)		(4.1	)%		(34,350	)		(0.1	)%		(632,174	)		1,840.4	%
(Loss) Income before Provision for Income Taxes		(715,779	)		(4.4	)%		1,594,789			6.9	%		(2,310,568	)		(144.9	)%
Provision for Income Taxes		99,644			0.6	%		287,062			1.2	%		(187,418	)		(65.3	)%
Net (Loss) Income		(815,423	)		(5.0	)%		1,307,727			5.7	%		(2,123,150	)		(162.4	)%
Less: Net Loss Attributable to Noncontrolling Interests		(213,403	)		(1.3	)%		(63,160	)		(0.3	)%		(150,243	)		237.9	%
Net (Loss) Income Attributable to TRIT		(602,020	)		(3.7	)%		1,370,887			5.9	%		(1,972,907	)		(143.9	)%

· Total revenues were $26,763,445 for the six months ended June 30, 2013, a decrease of 36.7% from $42,261,846 in the same period of 2012.

· Total cost of revenues decreased by 33.4%, from $31,220,280 for the six months ended June 30, 2012 to $20,801,504 for the six months ended June 30, 2013.

· Total operating expenses were $7,629,202 for the six months ended June 30, 2013, a decrease of 4.1%, compared with the amount in the same period of 2012. The Company will continue to exert control over operating expenses.

· Operating loss was $1,667,261 for the six months ended June 30, 2013, comparing with operating income of $3,085,416 for the six months ended June 30, 2012, representing 6.2% and 7.3% of total revenues for the six months ended June 30, 2013 and 2012, respectively.

· Net loss attributable to TRIT for the six months ended June 30, 2013 and net income attributed to TRIT in the same period of 2012 were $1,700,793 and $2,809,012, respectively.

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The following are the operating results for the six months ended June 30, 2013 and 2012:

	Six Months Ended June 30, 2013 ($)			% of Sales			Six Months Ended June 30, 2012($)			% of Sales			Change ($)			Change (%)
Revenue		26,763,445			100.0	%		42,261,846			100.0	%		(15,498,401	)		(36.7	)%
Cost of Revenues		20,801,504			77.7	%		31,220,280			73.9	%		(10,418,776	)		(33.4	)%
Selling and Marketing Expenses		1,895,077			7.1	%		1,774,846			4.2	%		120,231			6.8	%
General and Administrative Expenses		5,542,051			20.7	%		6,100,906			14.4	%		(558,855	)		(9.2	)%
Research and Development Expenses		192,074			0.7	%		80,398			0.2	%		111,676			138.9	%
Total Operating Expenses		7,629,202			28.5	%		7,956,150			18.8	%		(326,948	)		(4.1	)%
Operating (Loss) Income		(1,667,261	)		(6.2	)%		3,085,416			7.3	%		(4,752,677	)		(154.0	)%
Other Income (Expenses)		(241,026	)		(0.9	)%		256,555			0.6	%		(497,581	)		(193.9	)%
(Loss) Income before Provision for Income Taxes		(1,908,287	)		(7.1	)%		3,341,971			7.9	%		(5,250,258	)		(157.1	)%
Provision for Income Taxes		154,393			0.6	%		601,555			1.4	%		(447,162	)		(74.3	)%
Net (Loss) Income		(2,062,680	)		(7.7	)%		2,740,416			6.5	%		(4,803,096	)		(175.3	)%
Less: Net Loss Attributable to Noncontrolling Interests		(361,887	)		(1.4	)%		(68,596	)		(0.2	)%		(293,291	)		427.6	%
Net (Loss) Income Attributable to TRIT		(1,700,793	)		(6.4	)%		2,809,012			6.6	%		(4,509,805	)		(160.5	)%

Revenues

Our total revenues for the second quarter of 2013 were $16,284,617, a decrease of 29.3%, compared with the amount for the same period last year. Revenue from the Ordos project decreased from $1,855,180 for the period ended June 30, 2012 to $848,403 in the same period 2013 because the project was primarily completed; India projects didn’t recognize revenue in the second quarter of 2013, mainly because the customer underestimated of the construction environment and there were redesigns, while in the same period of 2012, India projects recognized a revenue of $4.0 million. In order to reduce cash flow pressures, we evaluated the projects we planned to bid on and elected not to bid on domestic BT projects, which typically require significant investments and feature slower client payment periods.

For the six months ended June 30, 2013, total revenues reached $26,763,445, a decrease of 36.7%, compared with the amount for the same period last year. System integration constituted 83.2% of the total revenue. Hardware product sales revenue constituted the remaining 16.8%. The six-month decrease was mainly due to the Company’s shift away from BT projects and the delay in the India projects.

Cost of Revenues

Cost of revenues is based on total actual costs incurred plus estimated costs to completion applied to the percentage of completion as measured at different stages. It includes material costs, equipment costs, transportation costs, processing costs, packaging costs, quality inspection and control, outsourced construction service fees and other costs that directly relate to the execution of the services and delivery of projects. Cost of revenues also includes freight charges, purchasing and receiving costs and inspection costs when they are incurred.

Total cost of revenues was $12,657,369 for the second quarter of 2013, a decrease of 26.5% from $17,216,468 in the second quarter of 2012. Based on the decline of the gross margin, the decrease of cost was mainly caused by the decrease of revenue.

Total cost of revenues was $20,801,504 for the first six months of 2013, a decrease of 33.4% from $31,220,280 in the second quarter of 2012. Based on the decline of the gross margin, the decrease of six months cost was also mainly caused by the decrease of revenue.

Our gross margin decreased from 25.3% in the second quarter of 2012 to 22.3% in the second quarter of 2013. This decrease was largely a result of increases in material and equipment costs and labor subcontracting costs. Shifting from BT projects, which usually have higher gross margins, also contributed the lower gross margin in the second quarter.

Our gross margin decreased from 26.1% for the six months ended of 2012 to 22.3% in the same period 2013. This decrease for six months was also a result of increases in material and equipment costs, labor subcontracting costs and shifting from BT projects.

7

Selling and Marketing Expenses

Selling and marketing expenses consist primarily of compensation, marketing, travel and business entertainment expenses. In the second quarter of 2013, total selling and marketing expenses decreased by 9.1%, from $935,853 in the second quarter of 2012 to $850,551 in the same period of 2013. The compensation-related expenses increased by 17.6% from $396,291 in the second quarter of 2012 to $466,200 in the same period of 2013 due to the compensation for laying off selling and marketing employees. Traveling expenses, entertainment expenses and other expenses declined by $155,211 because of budget controls; therefore, the total selling and marketing expenses decreased.

For the six months ended June 30, 2013, total selling and marketing expenses increased by 6.8%, from $1,774,846 in the same period of 2012 to $1,895,077 in the same period of 2013. The compensation-related expenses increased by 37.3% from $708,791 for the six months ended June 30, 2012 to $973,222 in the same period of 2013, mainly attributable to the compensation expense for laying off selling and marketing employees.

Selling and marketing expenses for the three months ended and six months ended June 30, 2013 constituted approximately 5.2% and 7.1% of total revenues.

General and Administrative Expenses

General and administrative expenses consist primarily of compensation costs, rental expenses, professional fees, and other overhead expenses. General and administrative expenses decreased by $604,506 from $3,247,546 in the second quarter of 2012 to $2,643,040 in the second quarter of 2013. Of this decrease, $26,206 was for officers’ salaries. Salaries for mid-level management, technical support team, and other office staff decreased by $78,792 from the amount in the second quarter of 2012 to the amount in the second quarter of 2013. Rental expenses decreased by $25,426 from the amount in the second quarter of 2012 to the amount in the second quarter of 2013, because the Company stopped to rent some of the office space in Beijing. Other general and administrative expenses decreased by $383,380 from the amount in the second quarter of 2012 to the amount in the second quarter of 2013, including mainly office expenses, utilities, travel, communication, other services support and bad debt expenses. We had a $96,954 non-cash option expense as a part of other general and administrative expense in the second quarter 2013 and $439,675 in the same period of 2012, which also contributed to the decrease of general and administrative expense.

General and administrative expenses decreased by $558,855 from $6,100,906 for the six months ended June 30, 2012 to $5,542,051 in the same period of 2013. The officers’ salaries increased by 0.7% from the amount for the six months ended June 30, 2012 to the amount in the same period of 2013. Salaries for mid-level management, technical support team, and other office staff increased by 3.6% from the amount for the six months ended June 30, 2012 to the amount in the same period of 2013. Rental expense increased by $24,014 from the amount for the six months ended June 30, 2012 to the amount in the same period of 2013. Other general and administrative expenses decreased by $549,209 from the amount for the six months ended June 30, 2012 to the amount in the same period of 2013, including mainly office expenses, utilities, travel, communication, other services support and bad debt expenses. We had a $235,158 non-cash option expense as a part of other general and administrative expense for the six months ended June 30, 2013 and $530,588 in the same period of 2012, which also attributed to the increase of general and administrative expense.

General and administrative expenses for the three months and six months ended June 30, 2013 constituted approximately 16.2% and 20.7% of total revenues, respectively.

Provision for Income Tax

The Company provides for deferred income taxes using the asset and liability method. Under this method, it recognizes deferred income taxes for tax credits, net operating losses available for carry-forwards and significant temporary differences. The Company classifies deferred tax assets and liabilities as current or non-current based upon the classification of the related asset or liability in the financial statements or the expected timing of their reversal if they do not relate to a specific asset or liability. The Company provides a valuation allowance to reduce the amount of deferred tax assets if it is considered more likely than not that some portion or all of the deferred tax assets will not be realized.

The Company’s operations are subject to income and transaction taxes in China since most of the business activities take place in China. Significant estimates and judgments are required in determining the Company’s provision for income taxes. Some of these estimates are based on interpretations of existing tax law or regulations, as well as the prediction on future changes on these law and regulations. The ultimate amount of tax liability may be uncertain as a result. The Company does not anticipate any events that are likely to change these uncertainties.

8

The Company and its subsidiaries and VIEs are subject to income taxes on an entity basis on income arising in or derived from the tax jurisdictions in which each entity is domiciled. According to the New Enterprise Income Tax Law (“NEITL”) in China, the unified enterprise income tax (“EIT”) rate is 25%. However, five of its subsidiaries and VIEs are certified high-tech companies and are taxed based on certain favorable tax policies. The applicable statutory tax rate for our subsidiaries in India is 42.024%. Though the Company has one subsidiary, TIS, which based its location in the US, the Company has not recorded tax provision for U.S. tax purposes as it has no assessable profits arising in or derived from the United States and intends to reinvest accumulated earnings in its PRC operations.

The applicable statutory tax rates for our subsidiaries and VIEs in the PRC are as follows:

	Three Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-14%	(1)		18	%

	Six Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-8%	(1)		18	%

(1) Despite an overall loss after consolidation, a few companies were still profitable, and income tax was accrued. Therefore, the calculation of consolidated effective enterprise income tax rate is based on the following: Consolidated effective enterprise income tax rate = provision for income tax (sum of accrued tax for profitable companies) / loss before income tax and non-controlling interests. As a result of taxes payable in spite of consolidated net losses, the consolidated tax rate is considered negative.

The Company’s provision for income tax expense from continuing operations for the first three months of 2013 and 2012 were $99,644 and $287,062 respectively.

The Company’s provision for income tax expense from continuing operations for the first six months of 2013 and 2012 were $154,393 and $601,555 respectively.

Net (Loss) Income before Income Taxes

In the second quarter ended June 30, 2013, our net loss before provision for income taxes was $715,779, a decrease of $2,310,568 compared to that of $1,594,789 in the same period in 2012. The Company’s provision for income taxes decreased by 65.3%, from the amount in the second three months of 2012 to the amount in the same period in 2013. In the second period ended June 30, 2013, net loss attributable to the shareholders of TRIT was $ 602,020, a decrease of 143.9%, from net income of $1,370,887 for the same period in 2012, mainly due to the significant decline of revenues.

9

For the six months ended June 30, 2013, our net loss before provision for income taxes was $1,908,287, a decrease of $5,250,258 compared to net income of $3,341,971 in the same period in 2012. The Company’s provision for income taxes decreased by 74.3%, from the amount in the first six months of 2012 to the amount in the same period in 2013. For the six months ended June 30, 2013, net loss attributable to the shareholders of TRIT was $2,062,680, a decrease of 175.3%, from net income of $2,740,416 for the same period in 2012, mainly due to the significant decline of revenue.

Liquidity and Capital Resources

As highlighted in the consolidated statements of cash flows, our liquidity and available capital resources are impacted by four key components: (i) cash and cash equivalents, (ii) operating activities, (iii) financing activities, and (iv) investing activities.

Consolidated cash flows for the six months ended June 30, 2013 and 2012 were as follows:

	Six Months Ended June 30,
	2013 ($)			2012 ($)			Change ($)
Net Cash Used in Operating Activities		(8,470,131	)		(8,297,972	)		(172,159	)
Net Cash (Used in) Provided by Investing Activities		(400,352	)		106,389			(506,741	)
Net Cash Provided by Financing Activities		6,288,392			5,409,603			878,789
Effects of Exchange Rate Changes on Cash and Cash Equivalents		(9,855	)		408,797			(418,652	)
Net Decrease in Cash and Cash Equivalents		(2,591,946	)		(2,373,183	)		(218,763	)
Cash and Cash Equivalents, Beginning of Period		8,098,657			11,935,746			(3,837,089	)
Cash and Cash Equivalents, End of Period		5,506,711			9,562,563			(4,055,852	)

Cash and Cash Equivalents

As of June 30, 2013, our cash and cash equivalents amounted to $5,506,711. The restricted cash as of June 30, 2013 and December 31, 2012 amounted to $16,678,766 and $7,816,967, respectively, which are not included in the total amount of cash and cash equivalents. The restricted cash consisted of deposits as collateral for the issuance of letters of credit. Our subsidiaries that own these deposits do not have material cash obligations to any third parties. Therefore, the restriction does not impact our liquidity.

Operating Activities

Net cash used in operating activities was $8,470,131 for the six months ended June 30, 2013, compared with net cash used in operating activities of $8,297,972 in the same period in 2012. The increase of $172,159 in operating cash outflow was due to the received payment of $11.5 million from Ordos project in March 2013 and reduced by the prepayments to various suppliers for projects. Net accounts and notes receivable increased from $18,598,110 as of December 31, 2012 to $23,473,583 as of June 30, 2013, an increase of 26.2%. Current unbilled receivables increased from $27,954,525 as of December 31, 2012 to $32,346,776 as of June 30, 2013, an increase of 15.7%.

Investing Activities

Net cash used in investing activities was $400,352 during the six months ended June 30, 2013, an decrease of $506,741 from net cash provided by investing activities of $106,389 in the same period of 2012. The decrease was attributed to the payments for the constructions of Baoding and less acquired funds from investing activities. Currently we have no further plans to add capital expenditures.

Financing Activities

The cash provided by financing activities was $6,288,392 for the six months ended June 30, 2013, compared to cash provided by financing activities of $5,409,603 in the same period of 2012. The increase was due to the proceeds from bank borrowings, loan from third-party companies and noncontrolling shareholders.

Effect of Exchange Rate Changes on Cash and Cash Equivalents

Net effect of exchange rate changes was a loss of $9,855 in the six months ended June 30, 2013 and a gain of $408,797 in the same period of 2012, respectively.

10

Restricted Net Assets

Our ability to pay dividends is primarily dependent on receiving distributions of funds from our subsidiaries, VIEs and other affiliated entities, which is restricted by certain regulatory requirements. Relevant Chinese statutory laws and regulations permit payments of dividends by our Chinese affiliates only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, our PRC affiliates are required to set aside at least 10% of their after-tax profit after deducting any accumulated deficit based on PRC accounting standards each year to our general reserves until the accumulated amount of such reserves reach 50% of our registered capital. These reserves are not distributable as cash dividends. Our off-shore subsidiaries, TIS and Tri-Tech International Investment, Inc. (“TTII”), do not have material cash obligations to third parties. Therefore, the dividend restriction does not impact our liquidity. There is no significant difference between accumulated profit calculated pursuant to PRC accounting standards and our accumulated profit calculated pursuant to U.S. GAAP. As of June 30, 2013 and December 31, 2012, restricted retained earnings were $2,246,910 for both, and restricted net assets were $1,878,976 and $4,878,975, respectively. Unrestricted retained earnings as of June 30, 2013 and December 31, 2012 were $15,337,603 and $17,038,396, respectively, which were the amounts available for distribution in the form of dividends or for reinvestment.

Working Capital and Cash Flow Management

As of June 30, 2013, our working capital was $22,327,840, with current assets totaling $106,325,297 and current liabilities totaling $83,997,457.

We believe our current assets are sufficient to meet our capital requirements for the next 12 months. However, we may require additional cash to undertake larger projects or to complete strategic acquisitions in the future. In the event our current capital is insufficient to fund these and other business plans, we may take the following actions to meet such working capital needs:

· We may look into the possibility of optimizing our funding structure by obtaining short- and/or long-term debt through commercial loans. We are actively exploring opportunities with other major Chinese banks, and we expect to obtain additional lines of credit to pursue favorable project opportunities in the future. Other financing instruments into which we are currently looking include supply chain financing, project financing, trust fund financing and capital leasing.

· We may focus on improving our collection of accounts receivable. Most of our clients are central, provincial and local governments. We believe that our clients are in good financial conditions. Therefore, we expect good collectability from relatively high quality accounts receivables. The accounts receivable collection should catch up with our rapid growth in the near future. Given the high contractual interest rate on unpaid amounts for long-term projects, we expect that some clients may choose to pay before such interest starts to accrue.

· We avoided Build & Transfer projects, which tend to constrain our cash. We received a payment of $7.3 million from Ordos project in July 2013, which eased our cash flow pressure to some extent.

We plan to sell our real property in Baoding, along with all construction including the costs of construction and operation expended since acquisition for approximately $18 million. We acquired this property on November 26, 2010. The sale is expected to close before the end of 2013 and we expect to break even on the sale. We expect to use these funds to support our operating cash flow and to repay the corporate bond from financing cash flow.

Segment Information

We have three reportable operating segments. The segments are grouped according to the types of goods and services provided and the types of clients that use such goods and services. Total sales and costs are divided among these three segments. We assess each segment’s performance based on net revenue and gross profit on contribution margin.

Segment 1: Water, Wastewater Treatment and Municipal Infrastructure

The following are the operating results for the three months ended June 30, 2013 and 2012 for Segment 1:

	Three months ended June 30,
	2013 ($)			2012 ($)		Change ($)			Change (%)
Revenues		2,309,189			8,354,428		(6,045,239	)		(72.4	)%
Cost of Revenues		1,444,131			6,327,955		(4,883,824	)		(77.2	)%
Operating Expenses:
Selling and Marketing Expenses		315,617			222,521		93,096			41.8	%
General and Administrative Expenses		1,197,756			1,389,852		(192,094	)		(13.8	)%
Research and Development Expenses		107,025			6,167		100,858			1,635.4	%
Total Operating Expenses		1,620,398			1,618,540		1,858			0.1	%
Other (Expenses) Income		(521,197	)		100,754		(621,951	)		(617.3	)%
(Loss) Income before Provision for Income Taxes		(1,276,537	)		508,687		(1,785,224	)		(350.9	)%

11

The following are the operating results for the first six months of 2013 and 2012 for Segment 1:

	Six months ended June 30,
	2013 ($)			2012 ($)		Change ($)			Change (%)
Revenues		4,235,869			16,761,401		(12,525,532	)		(74.7	)%
Cost of Revenues		2,929,217			12,252,219		(9,323,002	)		(76.1	)%
Operating Expenses:
Selling and Marketing Expenses		611,340			448,147		163,193			36.4	%
General and Administrative Expenses		2,633,114			2,920,267		(287,153	)		(9.8	)%
Research and Development Expenses		116,187			11,918		104,269			874.9	%
Total Operating Expenses		3,360,641			3,380,332		(19,691	)		(0.6	)%
Other Income		10,826			448,169		(437,343	)		(97.6	)%
(Loss) Income before Provision for Income Taxes		(2,043,163	)		1,577,019		(3,620,182	)		(229.6	)%

Segment 2: Water Resource Management System and Engineering Services

The following are the operating results for the three months ended June 30, 2013 and 2012 for Segment 2:

	Three months ended June 30,
	2013 ($)			2012 ($)			Change ($)			Change (%)
Revenues		4,324,518			8,436,000			(4,111,482	)		(48.7	)%
Cost of Revenues		3,379,855			6,089,299			(2,709,444	)		(44.5	)%
Operating Expenses:
Selling and Marketing Expenses		359,269			457,484			(98,215	)		(21.5	)%
General and Administrative Expenses		495,732			908,000			(412,268	)		(45.4	)%
Research and Development Expenses		0			5,361			(5,361	)		(100.0	)%
Total Operating Expenses		855,001			1,370,845			(515,844	)		(37.6	)%
Other Expenses		(90,022	)		(21,326	)		(68,696	)		322.1	%
(Loss) Income before Provision for Income Taxes		(360	)		954,530			(954,890	)		(100.0	)%

The following are the operating results for the first six months of 2013 and 2012 for Segment 2:

	Six months ended June 30,
	2013 ($)			2012 ($)			Change ($)			Change (%)
Revenues		9,404,915			14,690,590			(5,285,675	)		(36.0	)%
Cost of Revenues		7,305,537			10,610,453			(3,304,916	)		(31.1	)%
Operating Expenses:
Selling and Marketing Expenses		841,328			883,774			(42,446	)		(4.8	)%
General and Administrative Expenses		1,106,247			1,530,294			(424,047	)		(27.7	)%
Research and Development Expenses		-			68,480			(68,480	)		(100.0	)%
Total Operating Expenses		1,947,575			2,482,548			(534,973	)		(21.5	)%
Other Expenses		(164,768	)		(62,242	)		(102,526	)		164.7	%
(Loss) Income before Provision for Income Taxes		(12,965	)		1,535,347			(1,548,312	)		(100.8	)%

12

Segment 3: Industrial Pollution Control and Safety Water Resource

The following are the operating results for the three months ended June 30, 2013 and 2012 for Segment 3:

	Three months ended June 30,
	2013 ($)			2012 ($)			Change ($)			Change (%)
Revenues		9,650,910			6,250,106			3,400,804			54.4	%
Cost of Revenues		7,833,383			4,799,214			3,034,169			63.2	%
Operating Expenses:
Selling and Marketing Expenses		175,665			255,848			(80,183	)		(31.3	)%
General and Administrative Expenses		949,552			949,694			(142	)		(0.0	)%
Research and Development Expenses		75,887			-			75,887			-	%
Total Operating Expenses		1,201,104			1,205,542			(4,438	)		(0.4	)%
Other Expenses		(55,305	)		(113,778	)		58,473			(51.4	)%
(Loss) Income before Provision for Income Taxes		561,118			131,572			429,546			326.5	%

The following are the operating results for the first six months of 2013 and 2012 for Segment 3:

	Six months ended June 30,
	2013 ($)			2012 ($)			Change ($)			Change (%)
Revenues		13,122,661			10,809,855			2,312,806			21.4	%
Cost of Revenues		10,566,750			8,357,608			2,209,142			26.4	%
Operating Expenses:
Selling and Marketing Expenses		442,409			442,925			(516	)		(0.1	)%
General and Administrative Expenses		1,802,690			1,650,345			152,345			9.2	%
Research and Development Expenses		75,887			-			75,887			-	%
Total Operating Expenses		2,320,986			2,093,270			227,716			10.9	%
Other Expenses		(87,084	)		(129,372	)		42,288			(32.7	)%
(Loss) Income before Provision for Income Taxes		147,841			229,605			(81,764	)		(35.6	)%

Assets attributable to each segment as of June 30, 2013 and 2012 are shown below:

Segment Assets	Segment 1		Segment 2		Segment 3		Total
As of  June 30, 2013	$	83,320,551	$	38,784,285	$	52,474,784	$	174,579,620
As of December 31, 2012	$	89,062,709	$	30,058,569	$	37,556,788	$	156,678,066

Contractual Obligations and Commercial Commitments

Operating Leases

As of June 30, 2013, we had commitments under certain operating leases, which require annual minimum rental payments as follows:

For the years Ended December 31, 2013	Amount
Remainder of 2013	$	323,393
2014		852,508
2015		448,015
2016		239,012
Total	$	1,862,928

13

Our leased properties are principally located in Beijing and are used for administration and research and development purposes. The terms of these operating leases vary from one to five years. Pursuant to the lease terms, when the contracts expire, we have the right to extend them with new negotiated prices. The leases are renewable subject to negotiation. Rental expenses were $254,380 and $279,806 for the quarters ended June 30, 2013 and 2012, respectively.

Product Warranties

Our warranty policy generally is to replace parts at no additional charge if they become defective within one year after deployment. Historically, failure of product parts due to materials used or workmanship has not been significant. We have not incurred any material unexpected costs associated with servicing warranties. We continuously evaluate and estimate our potential warranty obligations, and record the related warranty obligation when the estimated amount becomes material at the time revenue is recorded.

Capital Expenditures

In the past, the capital expenditures were mainly for purchases of computers and other office equipment to support our daily business activities. The Company spent $427,757 and $406,300 on such capital expenditures during the six months ended June 30, 2013 and 2012, respectively. The increase was due to the construction progress of Baoding.

In relation to the construction of our R&D building in Baodi, Tianjin, and the Company committed to pay the construction suppliers an approximate amount of $6.5 million in September 2013 for the undergoing contracts.

Seasonality

The Company’s operating revenues normally tend to fluctuate due to different project stages and U.S. GAAP requirements for revenue recognition. As the scope of our business extended to the civil construction activities, certain destructive weather conditions that tend to occur during the winter often impact the progress of our projects. Certain weather conditions, including severe winter storms, may result in the temporary suspension of outdoor operations, which can significantly affect the operating results of the affected regions.

Off-Balance Sheet Arrangements

We did not have any off-balance sheet arrangements for the three months ended June 30, 2013 or 2012.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not applicable.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

As of June 30, 2013 the Company carried out an evaluation, under the supervision of and with the participation of management, including the Company’s chief executive officer and chief financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures. Based on the foregoing, the chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) were effective.

Changes in Internal Control over Financial Reporting

Due to personal reasons, the Internal Control Manager resigned in late June 2013. The Company is actively looking for replacement.

There were no changes in the Company’s internal control procedures over financial reporting (as defined in Rule 13a-15(f) of the Securities Exchange Act of 1934) during the three month ended June 30, 2013 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

14

PART II.              OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

Not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(a) None.

(b) None.

(c) None.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information

During the quarter ended September 30, 2012, we received loans from three of our officers and directors for our ongoing capital requirements. The terms of the loans were approved by the audit committee of our Board of Directors, which consists solely of independent directors. Each of these loans carries monthly simple interest at a rate of 1% and was initially due in November 2012. These loans were subsequently extended to May 31, 2013. They have been subsequently extended to November 30, 2013. The amounts of such loans, initially and at June 30, 2013 are set forth below:

	June 30, 2013		December 31, 2012
	(Unaudited)
Gavin Cheng (Shareholder / CEO/Director)	$	510,850	$	510,850
Warren Zhao (Shareholder/Director)(1)		980,471		955,500
Peter Dong (Shareholder / COO/Director)(1)		161,794		158,702
Others(2)		29,028		31,368
Total	$	1,682,143	$	1,656,420

(1) Amounts increased for currency conversion reasons because loans were made in Chinese RMB.

(2) Amounts increased for currency conversion reasons because loans were made in Indian Rupee.

Item 6. Exhibits

The following exhibits are filed herewith:

Exhibit
Number	Document
3(i).1	Amended and Restated Articles of Association of the Registrant (1)
3(ii).1	Amended and Restated Memorandum of Association of the Registrant (1)
4.1	Specimen Share Certificate (1)
10.1	Translation of Form of Employment Agreement between Registrant and Executive Officer of the Registrant (1)

15

10.2	Translation of Exclusive Technical and Consulting Service Agreement for Tranhold (1)
10.3	Translation of Management Fee Payment Agreement for Tranhold (1)
10.4	Translation of Proxy Agreement for Tranhold (1)
10.5	Translation of Equity Interest Pledge Agreement for Tranhold (1)
10.6	Translation of Exclusive Equity Interest Purchase Agreement for Tranhold (1)
10.7	Translation of Exclusive Technical and Consulting Service Agreement for Yanyu (1)
10.8	Translation of Management Fee Payment Agreement for Yanyu (1)
10.9	Translation of Proxy Agreement for Yanyu (1)
10.10	Translation of Equity Interest Pledge Agreement for Yanyu (1)
10.11	Translation of Exclusive Equity Interest Purchase Agreement for Yanyu (1)
10.14	Translation of Operating Agreement for Yanyu (1)
10.15	Translation of Operating Agreement for Tranhold (1)
10.16	Translation of Exclusive Technical and Consulting Service Agreement for BSST (2)
10.17	Translation of Management Fee Payment Agreement for BSST (2)
10.18	Translation of Operating Agreement for BSST (2)
10.19	Translation of Equity Interest Pledge Agreement for BSST (2)
10.20	Translation of Exclusive Equity Interest Purchase Agreement for BSST (2)
10.21	Translation of Proxy Agreement for BSST (2)
10.22	2011 Stock Option Plan (3)
21.1	Subsidiaries of the Registrant (5)
31.1	Certifications pursuant to Rule 13a-14(a) or 15(d)-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (6)
31.2	Certifications pursuant to Rule 13a-14(a) or 15(d)-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (6)
32.1	Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (6)
32.2	Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (6)
99.1	Press release dated August 14, 2013 titled "Tri-Tech Holding Reports Second Quarter 2013 Financial Results"
99.2	Audit Committee Charter (7)
101.INS	XBRL Instance Document (8)
101.SCH	XBRL Taxonomy Extension Schema Document (8)
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document (8)
101.LAB	XBRL Taxonomy Extension Label Linkbase Document (8)

16

101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document (8)
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document (8)

⁽¹⁾ Incorporated by reference to the registrant’s registration statement on Form S-1, File no. 333-158393, filed on April 3, 2009, as amended.

⁽²⁾ Incorporated by reference to the registrant’s Form 10-K, SEC Accession No. 0001193125-11-080197, filed on March 29, 2011.

⁽³⁾ Incorporated by reference to the registrant’s Form 10-K, SEC Accession No. 0001144204-12-017170, filed on March 26, 2012.

⁽⁴⁾ Incorporated by reference to the registrant’s Form 10-Q, SEC Accession No. 0001144204-11-064756, filed on November 15, 2011.

⁽⁵⁾ Incorporated by reference to the registrant’s Form 10-Q, SEC Accession No. 0001144204-12-028710, filed on May 15, 2012.

⁽⁶⁾ Filed herewith.

⁽⁷⁾ Incorporated by reference to the registrant’s Form 10-K, SEC Accession No. 0001193125-10-065797, filed on March 24, 2010.

⁽⁸⁾ Furnished herewith.  In accordance with Rule 406T of Regulation S-T, the information in these exhibits shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

17

SIGNATURE

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Tri-Tech Holding Inc.
August 14, 2013	By:	/s/ Phil Fan
		Phil Fan
		Chief Financial Officer
		(Principal Financial and Accounting Officer) and
		Duly Authorized Officer

TRI-TECH HOLDING INC. AND SUBSIDIARIES

Consolidated Financial Statements

For the quarters ended June 30, 2013 and 2012

TRI-TECH HOLDING INC. AND SUBSIDIARIES

Index to Financial Statements

	Page
CONSOLIDATED BALANCE SHEETS	F-1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)	F-2
CONSOLIDATED STATEMENTS OF CASH FLOWS	F-4
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS	F-5 – F-31

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

	June 30, 2013			December 31,
	(Unaudited)			2012
ASSETS
Current assets
Cash*	$	5,506,711		$	8,098,657
Restricted cash*		14,095,989			4,352,443
Accounts and notes receivable, net of allowance for doubtful accounts of $1,735,507 and $1,475,771 as of June 30, 2013 and December 31, 2012, respectively*		31,841,682			18,598,110
Unbilled revenue*		23,978,677			27,954,525
Other current assets*		3,724,019			3,825,770
Inventories*		10,431,357			8,459,073
Deposits on projects*		1,193,325			1,469,550
Prepayments to suppliers and subcontractors*		15,553,537			9,353,490
Total current assets		106,325,297			82,111,618
Long-term unbilled revenue*		45,327,393			51,219,694
Long-term accounts receivable		746,583			413,770
Plant and equipment, net*		1,685,334			1,764,784
Construction in progress		5,786,168			5,359,466
Intangible assets, net*		10,684,790			10,902,932
Long-term restricted cash		2,582,777			3,464,524
Goodwill		1,441,278			1,441,278
Total Assets	$	174,579,620		$	156,678,066
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	6,669,304		$	5,890,511
Costs accrual on projects*		24,071,455			23,637,751
Advance from customers*		1,442,889			1,157,247
Advance from potential buyer of assets		8,979,565			-
Loans from third party companies and individuals*		10,214,396			6,400,659
Amount due to noncontrolling interest investor		6,817,202			9,047,068
Amount due to related party		1,682,143			1,656,420
Other payables*		663,962			461,258
Taxes payable*		6,362,946			5,577,533
Accrued liabilities*		504,185			485,354
Payable on investment consideration		582,966			582,966
Deferred income taxes*		1,803,240			1,782,786
Deferred revenue		241,193			289,485
Short-term bank borrowing (including VIE short-term borrowing of the consolidated VIEs without recourse to Tri-Tech Holdings of $9,108,192 and $2,754,158 as of June 30, 2013 and December 31, 2012, respectively)*		13,962,011			8,150,041
Total current liabilities		83,997,457			65,119,079
Noncurrent deferred income taxes		3,801,078			3,699,790
Long-term bank borrowings		13,545			17,976
Corporate Bond		7,935,122			7,935,122
Total Liabilities		95,747,202			76,771,967
Equity
Tri-Tech Holding Inc. shareholders' equity
Ordinary shares ($0.001 par value, 30,000,000 shares authorized; 8,274,506 and 8,259,506 shares issued as of June 30, 2013 and December 31, 2012, respectively; 8,253,406 and 8,238,406 shares outstanding as of June 30, 2013 and December 31, 2012, respectively)		8,274			8,259
Additional paid-in-capital		50,354,573			50,119,428
Statutory reserves		2,246,910			2,246,910
Retained earnings		15,337,603			17,038,396
Treasury shares (21,100 shares in treasury as of June 30, 2013 and December 31, 2012, respectively)		(193,750	)		(193,750	)
Accumulated other comprehensive income		5,774,960			5,086,827
Total Tri-Tech Holding Inc. shareholders' equity		73,528,570			74,306,070
Noncontrolling interests		5,303,848			5,600,029
Total equity		78,832,418			79,906,099
Total Liabilities and Equity	$	174,579,620		$	156,678,066

*All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 4).

See notes to consolidated financial statements

F-1

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	For The Three Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Revenues:
System integration		13,122,252			21,741,770
Hardware products		3,162,365			1,298,764
Total revenues		16,284,617			23,040,534
Cost of revenues
System integration		9,906,489			16,608,958
Hardware products		2,750,880			607,510
Total cost of revenues		12,657,369			17,216,468
Gross profit		3,627,248			5,824,066
Operating expenses:
Selling and marketing expenses		850,551			935,853
General and administrative expenses		2,643,040			3,247,546
Research and development expenses		182,912			11,528
Total operating expenses		3,676,503			4,194,927
(Loss) income from operations		(49,255	)		1,629,139
Other expense:
Other income (expense), net		(18,536	)		410,889
Interest income		18,903			40,770
Interest expense		(666,891	)		(559,158	)
Investment gain		-			73,149
Total other expenses		(666,524	)		(34,350	)
(Loss) income before provision for income taxes		(715,779	)		1,594,789
Provision for income taxes		99,644			287,062
Net (loss) income		(815,423	)		1,307,727
Less: Net loss attributable to noncontrolling interests		(213,403	)		(63,160	)
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders	$	(602,020	)	$	1,370,887
Net (loss) income		(815,423	)		1,307,727
Other comprehensive income
Foreign currency translation adjustment		985,913			95,884
Comprehensive  income		170,490			1,403,611
Less: Comprehensive loss attributable to noncontrolling interests		(111,230	)		(56,632	)
Comprehensive income attributable to Tri-Tech Holding Inc.	$	281,720		$	1,460,243
Weighted average number of ordinary shares outstanding:
Basic		8,253,406			8,207,427
Diluted		8,253,406			8,207,427
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders per share are:
Basic	$	(0.07	)	$	0.17
Diluted	$	(0.07	)	$	0.17

See notes to consolidated financial statements

F-2

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	For The Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Revenues:
System integration		22,259,410			40,274,432
Hardware products		4,504,035			1,987,414
Total revenues		26,763,445			42,261,846
Cost of revenues
System integration		17,086,875			30,193,175
Hardware products		3,714,629			1,027,105
Total cost of revenues		20,801,504			31,220,280
Gross profit		5,961,941			11,041,566
Operating expenses:
Selling and marketing expenses		1,895,077			1,774,846
General and administrative expenses		5,542,051			6,100,906
Research and development expenses		192,074			80,398
Total operating expenses		7,629,202			7,956,150
(Loss) income from operations		(1,667,261	)		3,085,416
Other income (expense):
Other income		1,168,812			1,083,384
Interest income		29,171			82,544
Interest expense		(1,439,009	)		(994,931	)
Fair Value change on contingent investment consideration		-			7,000
Investment gain					78,558
Total other income (expenses)		(241,026	)		256,555
(Loss) income before provision for income taxes		(1,908,287	)		3,341,971
Provision for income taxes		154,393			601,555
Net (loss) income		(2,062,680	)		2,740,416
Less: Net loss attributable to noncontrolling interests		(361,887	)		(68,596	)
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders	$	(1,700,793	)	$	2,809,012
Net (loss) income		(2,062,680	)		2,740,416
Other comprehensive income
Foreign currency translation adjustment		753,839			289,237
Comprehensive loss		(1,308,841	)		3,029,653
Less: Comprehensive (loss) income attributable to noncontrolling interests		(296,181	)		(48,203	)
Comprehensive (loss) income attributable to Tri-Tech Holding Inc.	$	(1,012,660	)	$	3,077,856
Weighted average number of ordinary shares outstanding:
Basic		8,252,080			8,194,813
Diluted		8,252,080			8,194,813
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders per share are:
Basic	$	(0.21	)	$	0.34
Diluted	$	(0.21	)	$	0.34

See notes to consolidated financial statements

F-3

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

	For The Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$	(2,062,680	)	$	2,740,416
Adjustments to reconcile net (loss) income to cash provided by operating activities:
Amortization of share-based compensation expense		235,145			530,588
Depreciation and amortization		643,102			582,513
Provision for doubtful accounts		228,656			243,367
Fair value change on contingent investment consideration		-			(7,000	)
Loss on disposal of plant and equipment		16,702			-
Gain on investment in joint venture		-			(78,558	)
Deferred income taxes		(41,007	)		472,578
(Increase) decrease in current assets :
Accounts receivable		(13,284,694	)		(3,492,534	)
Unbilled revenue		10,491,452			(11,925,515	)
Restricted cash		205,683			-
Other current assets		474,278			(907,482	)
Inventories		(1,964,231	)		1,164,228
Prepaid expenses		(21,095	)		(145,032	)
Prepayments		(5,575,111	)		(3,513,501	)
(Increase) decrease in current liabilities :
Accounts payable		592,229			(3,495,129	)
Notes payable		-			(871,833	)
Cost accrual on projects		753,716			4,560,906
Advance from customers		(232,865	)		1,392,326
Other payables		751,897			4,585,357
Taxes payable		398,981			(66,531	)
Accrued liabilities		(26,902	)		(67,136	)
Deferred revenue		(53,387	)		-
Net cash used in operating activities	$	(8,470,131	)	$	(8,297,972	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Restricted cash received		-			348,969
Restricted cash related to advance from potential buyers of assets		(8,979,565	)		-
Advance from potential buyer of assets		8,979,565
Payment in business acquisition		-			(35,273	)
Cash paid on investment consideration		-			(75,159	)
Cash acquired from business combination		-			31,336
Cash proceeds from disposal of PPE		27,405			-
Payment to purchase plant and equipment		(108,709	)		(205,204	)
Cash paid to acquire intangible asset		-			(36,970	)
Cash paid for construction in progress		(319,048	)		(164,126	)
Payment of loan to third-party companies		-			665,885
Collection of loan to third-party companies		-			(423,069	)
Net cash (used in) provided by investing activities	$	(400,352	)	$	106,389
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings		7,518,779			8,538,745
Payment of bank borrowing		(1,925,854	)		(1,753,987	)
Proceeds from amount due to shareholder		6,491
Proceeds from loan from third-party companies and individuals		5,712,976			215,620
Payment of loan from third-party companies and individuals		(2,125,078	)		(379,499	)
Proceeds from loan from  non-controlling shareholders					776,865
Payment of loan from non-controlling shareholders		(2,898,922	)		(1,988,141	)
Net cash provided by financing activities	$	6,288,392		$	5,409,603
EFFECTS OF EXCHANGE RATE CHANGE IN CASH		(9,855	)		408,797
DECREASE IN CASH	$	(2,591,946	)	$	(2,373,183	)
CASH, beginning of the period		8,098,657			11,935,746
CASH, end of the period		5,506,711			9,562,563
Supplemental disclosure for cash flow information:
Income taxes paid		108,777			154,361
Interest paid on debt		836,104			386,107
Supplemental disclosure for noncash investing activity:
Issued 30,207 and 35,974 ordinary shares as one of the consideration in business combination		-			229,875
Gain on long-term investment to India Joint Venture		-			78,558
Fair value change on contingent consideration payable		-			7,000

See notes to consolidated financial statements

F-4

TRI-TECH HOLDING INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED STATEMENTS

1. Company Background

Tri-Tech Holding Inc. (“TRIT”), incorporated in the Cayman Islands, through its subsidiaries and contractually-controlled variable interest entities (“VIE”) (collectively the “Company”), provides self-manufactured, proprietary or third-party products, system integration and other services in the following three segments: Water, Wastewater Treatment and Municipal Infrastructure, Water Resource Management System and Engineering Service, and Industrial Pollution Control and Safety.

RIT currently has sixteen subsidiaries, VIEs and joint venture partnership: (1) Tri-Tech International Investment, Inc. (“TTII”), (2) Tri-Tech (Beijing) Co., Ltd. (“TTB”), (3) Beijing Satellite Science & Technology Co. (“BSST”), (4) Tianjin Baoding Environmental Technology Co., Ltd. (“Baoding”), (5) Tranhold Environmental (Beijing) Tech Co., Ltd. (“Tranhold”), (6) Beijing Yanyu Water Tech Co., Ltd. (“Yanyu”), (7) Tri-Tech Infrastructure LLC, a Delaware limited liability company (“TIS”), (8) Ordos Tri-Tech Anguo Investment Co., Ltd. (“TTA”), (9) Beijing Huaxia Yuanjie Water Technology Co., Ltd (“Yuanjie”), (10) Buerjin Tri-Tech Industrial Co. Ltd. (“Buerjin”), (11) Tri-Tech Infrastructure (India) Pvt., Ltd. (“TII”), (12) Xushui Tri-Tech Sheng Tong Investment Co.,Ltd (“Xushui”), (13)Tri-Tech Beijing Co., Ltd. (Buxar)(“Buxar”), (14) Tri-Tech Beijing Co., Ltd. (Begusarai) (“Begusarai”), (15) Tri-Tech Beijing Co., Ltd. (Hajipur) (“Hajipur”), and (16) Tri-tech India Pvt.,Ltd. (“WOS”). The corporate structure is as follow:

Through a series of contractual agreements entered into in 2008 and 2010, the Company is deemed to be the sole indirect interest holder of Tranhold and BSST, and the indirect interest holder of 92.86% equity ownership in Yanyu. According to the provisions of ASC 810, “Consolidation”, Tranhold, Yanyu and BSST are consolidated in the Company’s financial statements. For BSST, the Company also applied the consolidation procedures required by ASC 805 “Business Combinations”.

To expand its technical and geological market profile, on June 9, 2011, the Company acquired the total operating assets of J&Y International Inc. (“J&Y”), inclusive of its technical know-how, design prints, etc. J&Y subsequently became the J&Y Water Division of the Company’s US subsidiary, TIS, according to the terms. J&Y’s business, including design and production of industrial chemical water recovery, desalination plants, domestic and industrial wastewater treatment systems and reverse osmosis filtration systems are integrated into that of TIS.

F-5

On June 18, 2011, TTB entered into an investment agreement with Yuanjie and Yuanjie’s original shareholder to increase the capital investment in Yuanjie. The total investment from TTB was RMB10,990,500, or approximately $1,704,085, and TRIT acquired 51% of control over Yuanjie after increasing its capital investment in Yuanjie.

On August 23, 2011, Buerjin was established for projects in the Xinjiang province, especially in Buerjin County. The registered capital amount is RMB10,000,000, or $1,573,589, and RMB6,000,000, or $937,690, has been paid in. The Company has 80% of control over this newly established subsidiary.

On March 8, 2012, Xushui was established in Hebei Province. The registered capital amount is RMB15,000,000, or $2,372,104. TTB has 100% of control over Xushui. RMB3,000,000, or $474,421, has been paid.

On May 19, 2012, TIS increased its equity ownership in TII from 30% to 76%, and became the controlling shareholder. The total investment from TIS was INR 2,217,000, or $55,886. The amount included initial investment of INR300,000 on October 19, 2011, which was adjusted to $20,613 due to the gain of TII from October 19, 2011 to May 19, 2012 and investment consideration of INR1,917,000, or $35,273 on May 19, 2012. TII was established for the purpose to support the India project business.

On July 2, 2012, TTB registered three project offices in India, namely, Buxar, Begusarai and Hajiour. The registered capital of each of the project offices is 0, and they are 100% owned by TTB.

On August 30, 2012, WOS was established under the regulation of India, TTB injected $1,980 as the paid up capital holding 99% of WOS, while TIS paid up $20 as investment and holds 1% share of WOS.

The Company’s principal geographic market is the People’s Republic of China (“PRC”). As PRC laws and regulations prohibit or restrict non-PRC companies to engage in certain government-related businesses, the Company provides its services in the PRC through Tranhold and Yanyu, both Chinese legal entities holding qualifications and permits necessary to conduct government-related services in the PRC. In order to avoid any restrictions that Tranhold or Yanyu might encounter during future business development, the Company concluded that TTII does not have parent-subsidiary relationship with either Tranhold or Yanyu.

By November 28, 2008, the Company had completed two stages of reorganization. The Company first recalled its shares from the original shareholders of Tranhold and Yanyu. These shareholders are major shareholders, directors, executives, officers and key employees of the Company. From a legal perspective, Tranhold and Yanyu returned to their status prior to the acquisitions in 2007. Concurrently, on November 28, 2008, the Company signed and executed with Tranhold and Yanyu a series of contractual agreements with a 25-year, renewable term. These contractual agreements require the pledge of the original shareholders’ equity interests and share certificates of the VIEs. At any time during the agreement period, the Company has absolute rights to acquire any portion of the equity interests of those VIEs under no-cost conditions. In addition, the Company has absolute rights to appoint directors and officers of those VIEs and to obtain the profits from those VIEs.

2. Summary of Significant Accounting Policies

Principles of consolidation and basis of presentation

The accompanying consolidated balance sheet as of December 31, 2012, which has been derived from the audited financial statements, and the unaudited interim consolidated financial statements as of June 30, 2013 and for the three and six month   periods ended June 30, 2013 and 2012 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, previously filed with the SEC.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of June 30, 2013, and its consolidated results of operations and cash flows for the three and six month periods ended June 30, 2013 and 2012, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

F-6

The Company compiles its daily financial records in accordance with the generally accepted accounting principles of the PRC (“PRC GAAP”) and converts its financial statements according to accounting principles generally accepted in the United States of America (“US GAAP”) when reporting.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing its financial statements are reasonable and prudent. Actual results could differ from these estimates.

Certain of the Company’s accounting policies require higher degrees of professional judgment than others in their application. These include the recognition of revenue under the percentage of completion method, the allowance for doubtful accounts, long term contract collectability, impairment of fixed assets and intangible assets, income tax and contingent investment payables. Management evaluates all of its estimates and judgments on an on-going basis.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents are composed primarily of time deposits and investments in money market accounts and are stated at cost which approximates fair value.

Restricted Cash

The current restricted cash balance at June 30, 2013 and December 31, 2012 was $14,095,989 and $4,352,443, respectively. The long-term restricted cash balance at June 30, 2013 and December 31, 2012 was $2,582,777 and $3,464,524, respectively. The restricted cash was deposited as collateral in exchange of the issuance of letters of credit. For details, refer to Note 5 of these consolidated financial statements.

Accounts and Notes Receivable

Accounts and notes receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company makes an allowance for doubtful accounts based on the aging of accounts receivable and on any specifically identified accounts receivable that may become uncollectible.

Inventories

The Company values inventory at the lower of cost or net realizable value and determines inventory using the weighted average cost method. Inventory consists of raw materials, finished goods, and work-in-progress, which includes the cost of direct labor, materials and direct overhead costs related to the projects.

Long-term Unbilled Receivables

The Company obtained several Build-Transfer (“BT”) contracts with billing cycles of over three years in recent years. Due to the nature of the BT projects, the related revenue has been discounted and recorded as long-term unbilled receivables and the discount rate is the 3-year nominal interest rate of 6.15%, set by the People’s Bank of China, the PRC’s central bank. For the contract that a specific discount rate is agreed in the contract, that specific rate is applied. These projects are funded by local governments with central government project appropriation, so the Company does not have any significant collection risk on such projects.

Plant and Equipment

The Company states plant and equipment at cost less accumulated depreciation. The Company computes depreciation using the straight-line method over the estimated useful lives of the assets with a 3%-5% estimated residual value.

F-7

Estimated useful lives of the Company’s assets are as follows:

Asset	Useful Life
Buildings and improvements		40-50 years
Transportation equipment		5-10 years
Machinery		10 years
Office equipment		5 years
Furniture		5 years

The Company eliminates the cost and related accumulated depreciation of assets sold or otherwise retired from the accounts and includes any gain or loss in the statement of income as an offset or increase to other income (expense) for the period. The Company charges maintenance, repairs and minor renewals directly to expense as incurred, and capitalizes major additions and betterments to buildings and equipment.

Valuation of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets, including plant and equipment, and finite life intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. To the extent the estimated undiscounted future cash inflows attributable to the asset, less estimated undiscounted future cash outflows, are less than the carrying amount, the Company recognizes an impairment loss in an amount equal to the difference between the carrying value of such assets and fair value. No impairment indicator is noted in the prior or current years. The Company reports assets for which there is a committed disposition plan, whether through sale or abandonment, at the lower of carrying value or fair value less costs to sell. No such assets are identified in prior and current years.

The Company evaluates the periods of depreciation and amortization to determine whether subsequent events and circumstances cause revised estimates of useful lives.

Intangible Assets

The Company amortizes acquired intangible assets with definite lives on a straight-line basis over their expected useful economic lives. The Company also performs impairment test if events or changes in circumstances indicate that the assets might be impaired.

	Useful Life
Proprietary technology relating to sewage, municipal solid waste treatment and tail gas purification	20 years
Proprietary technology relating to low energy consumption data transmission system	20 years
Large region environmental management system	10 years
Mobile web management system	10 years
Database management system	10 years
Pollution reduction checking assistant	10 years
Water pollution control infrastructure	10 years
Software-gas flow	20 years
Software-oil mixing	20 years
Software-crude blending	10 years
Customer relationship	5 years
Land use right	50 years
Know-how	8-10 years
Contract backlog	1 year

Goodwill

Goodwill represents the excess of the fair value of consideration transferred (plus the fair value of the non-controlling interest, if any) over the fair value of the net assets acquired (including recognized intangibles). Goodwill is not amortized; rather, impairment tests are performed at least annually or more frequently if circumstances indicate impairment may have occurred. If impairment exists, goodwill is immediately written down to fair value and the loss is recognized in the consolidated income statements. The Company assesses impairment annually or whenever events or changes indicate that, more likely than not, the carrying value of goodwill has been impaired. The Company uses the income approach to estimate the fair value of the reporting unit of the goodwill. The income approach is based on the long-term projected future cash flows of the reporting units. The Company discounts the estimated cash flows to present value using a weighted-average cost of capital that considers factors such as the timing of the cash flows and the risks inherent in those cash flows.

F-8

Revenue Recognition

The Company’s revenues consist primarily of three categories: (i) System Integration, (ii) Hardware Product Sales, and (iii) Software Product Sales. The Company recognizes revenue when there is evidence of an arrangement, the consideration to be received is fixed or determinable, products are delivered, or services rendered, and collectability is assured.

For System Integration, sales contracts are usually structured with fixed price or fixed unit price. The contract periods range from two months to approximately three years in length. The Company recognizes revenue from these contracts following the percentage-of-completion method, measured by different stages of completion in accordance with ASC 605-35, “Construction-Type and Production-Type Contracts”. Only if the actual implementation status meets the established stage will the Company recognize the relevant portion of the revenue. There are four major stages for the System Integration revenue recognition: (a) the completion of project design, (b) the delivery of products, (c) the completion of debugging, and (d) inspection and acceptance. For BT projects, such as the Ordos drinking water plant project, the Company recognizes the project revenue using the man-power hours as the measurement for percentage of completion.

Provided unapproved change orders or claims occur in the future, in accounting for contracts, we follow Paragraphs 30 and 31 of ASC 605-35-25, “Construction-Type and Production-Type Contracts”. The Company recognizes revenue from unapproved change orders or claims only to the extent that contract costs relating to the unapproved change orders or claims have been incurred, and only if it is probable that such unapproved change orders or claims will result in additional contract revenue and the amount of such additional revenue can be reliably estimated. Until today, no unapproved change orders have been experienced in the ordinary business operation.

For Hardware Product Sales, the Company recognizes the revenue only when all products are delivered and the acceptance confirmations are signed by the customers, according to ASC 605-10, “Revenue Recognition”. The Company is not obligated for any repurchase or return of the goods.

The Company presents all sales revenue net of a value-added tax (“VAT”). The Company’s products sold in China are generally subject to a Chinese VAT of 17% of the sales price, except for certain proprietary software sales which will only be subject to an effective tax rate of 3%. The VAT payable may be offset by VAT paid by the Company on purchased raw materials and other materials included in the cost of projects or producing the finished product.

The Company records revenue in excess of billings as “unbilled revenue”. For revenues accounted for under this account, we expect the amounts to be billed within one year. For those with a bill collection period longer than one year, we classify them under “Long-term unbilled revenue” on the consolidated balance sheets.

Research and Development (R&D)

Research and development expenses include salaries for R&D staff, consultant fees, supplies and materials, as well as other overhead such as depreciation, facilities, utilities, and other R&D related expenses. The Company expenses costs for the development of new software products and substantial enhancements to existing software products as incurred until technological feasibility has been established, at which time any additional costs are capitalized. The management of the Company is responsible for assessing the establishment of technological feasibility in accordance with ASC 985-20, “Costs of Software to Be Sold, Leased, or Marketed”.

Foreign Currency Translation

The Company uses the United States dollar (“USD”) as its reporting currency. The functional currency of TRIT, TTII and TIS is USD, the functional currency of TII, Buxar, Begusarai, Hajipur and WOS is India National Rupee (“INR”), the functional currency of TRIT’s subsidiaries in China is Renminbi (“RMB”). The Company translates monetary assets and liabilities denominated in currencies other than United States dollars into USD at the exchange rate ruling at the balance sheet date. The Company converts non-USD transactions during the year into USD with the prevailing exchange rate on the transaction dates.

The Chinese subsidiaries of TRIT maintain their financial records in RMB. The value of the assets and liabilities were converted with the exchange rate on the balance sheet date; and their revenue and expenses with a weighted average exchange rate for the reporting period. The Company reflects translation adjustments as “Accumulated other comprehensive income (loss)” in shareholders’ equity.

F-9

Transaction gains and losses that arise from exchange rate fluctuations on transactions in a currency other than the functional currency are recognized as foreign currency transaction gain or loss in the result of operations as incurred.

Translation adjustments amounted to $5,774,960 and $5,086,827 as of June 30, 2013 and December 31, 2012, respectively. The Company translated balance sheet amounts with the exception of equity at June 30, 2013 at RMB6.1807 to US$1.00 and INR59.6320 to US$1.00 as compared to RMB6.3011 to US$1.00 and INR54.8390 to US$1.00 as of December 31, 2012. The Company stated equity accounts at their historical rate. The average translation rates applied to income statement accounts for the three-month period ended June 30, 2013 were RMB6.2065 and INR55.7336 to US$1.00, respectively. The average translation rates applied to income statement accounts for the six-month period ended June 30, 2013 were RMB6.2437 and INR54.9731 to US$1.00, respectively.

The translation rates between RMB and USD are according to State Administration of Foreign Exchange. The translation rates between INR and USD are according to Oanda.com.

Income Taxes

The Company provides for deferred income taxes using the asset and liability method. Under this method, the Company recognizes deferred income taxes for tax credits and net operating losses available for carry-forwards and significant temporary differences. The Company classifies deferred tax assets and liabilities as current or non-current based upon the classification of the related asset or liability in the financial statements or the expected timing of their reversal if they do not relate to a specific asset or liability. The Company provides a valuation allowance to reduce the amount of deferred tax assets if it is considered more likely than not that some portion or all of the deferred tax assets will not be realized.

The Company adopted Financial Accounting Standards Board (“FASB”) accounting standard codification 740 (ASC 740), as of January 1, 2007. The Company recognizes a tax position as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that the Company believes is more than 50% likely to be realized on examination. For tax positions not meeting the “more likely than not” test, the Company does not record it as a tax benefit. The Company also adopts ASC 740 guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. It had no effect on the Company’s financial statements as of June 30, 2013 and December 31, 2012. The Company did not have any significant unrecognized uncertain tax positions as of June 30, 2013 and December 31, 2012. 

The Company’s operations are subject to income and transaction taxes in China since most of the business activities take place in China. Significant estimates and judgments are required in determining the Company’s provision for income taxes. Some of these estimates are based on interpretations of existing tax laws or regulations. The ultimate amount of tax liability may be uncertain as a result. The Company does not anticipate any events which could change these uncertainties.

Share-based Compensation

The Company adopted the fair value recognition provisions of ASC 718, “Compensation—Stock Compensation” and ASC 505-50, “Equity-Based Payments to Non-Employees”.

The Company recognizes compensation expense for all share-based payment awards made to the employees and directors. The fair value of share-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the vesting period. Determining the fair value of share-based awards at the grant date requires considerable judgment, including estimating expected volatility, expected term and risk-free rate. The expected term is based upon the period of time for which the share option is expected to be outstanding. The expected volatility of the share options is based upon the historical volatility of our share price. The risk-free interest rate assumption is based upon China international bond rates for a comparable period. If factors change and we employ different assumptions, share-based compensation expense may differ significantly from what we have recorded in the past.

Earnings per Share

Basic EPS excludes dilution and is computed by dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares (convertible preferred stock, forward contract, warrants to purchase ordinary share, contingently issuable shares, ordinary share options and warrants and their equivalents using the treasury stock method) were exercised or converted into ordinary shares. The Company excludes potential ordinary shares in the diluted EPS computation in periods of losses from continuing operations, as their effect would be anti-dilutive.

F-10

The Company has granted 185,000 warrants to the placement agent in our IPO and to our investor relations consultant. During the first financing after IPO, the Company has also agreed to issue the underwriters a warrant to purchase a number of ordinary shares equal to an aggregate of 10% of the ordinary shares sold in the offering, excluding over-allotments. The warrants will have an exercise price equal to 145% of the offering price. Accordingly, in April 2010, the Company issued 214,275 warrants with an exercise price per share of $20.30. These warrants have an anti-dilutive effect due to the fact that the weighted average exercise price per share of these warrants is higher than the weighted average market price per share of an ordinary share during the quarter ended June 30, 2013. 170,000 warrants had been exercised at a price equal to $8.10 per share as of June 30, 2013. As of June 30, 2013, the Company has granted 1,008,516 options to our key employees, and 93,700 options had been exercised at a price equal to $6.75 per share.

Comprehensive Income

Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. The Company has chosen to report comprehensive income in the statements of income and comprehensive income.

Financial Instruments

The Company carries financial instruments, which consists of cash and cash equivalents, accounts receivable, accounts payable, short-term bank borrowings and other payables at cost, which approximate fair value due to the short-term nature of these instruments. The Company does not use derivative instruments to manage risks.

Segments

The Company identifies segments by reference to its internal organization structure and the factors that the chief operating decision maker uses to make operating decisions and assess performance.

Recently Issued Accounting Pronouncements

The FASB has issued Accounting Standards Update (ASU) No. 2013-04 through No. 2013-08. None of the standard is expect to have a material impact on the Company’s consolidated financial position or results of operations.

3. Business Combinations

In connection with an acquisition made in 2011, the fair value of the contingent consideration as of June 30, 2013 and December 31, 2012 was estimated at $582,966 and $582,966, respectively.

4. Variable Interest Entities

VIEs are entities that have either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. TRIT is deemed to have a controlling financial interest and be the primary beneficiary of the entities mentioned in Note 1 above, because it has both of the following characteristics:

1. power to direct activities of a VIE that most significantly impact the entity’s economic performance, and

2. obligation to absorb losses of the entity that could potentially be significant to the VIE or right to receive benefits from the entity that could potentially be significant to the VIE.

TRIT’s VIEs include: Tranhold, Yanyu and BSST. TRIT is involved in each VIE and understands the purpose and design of these entities. It also performs a significant role in these entities’ ongoing business. It is obligated to absorb losses of the VIE entities as well as benefit from them. Therefore, the VIEs are consolidated in the Company’s consolidated financial statements. These VIEs are continually monitored by the Company to determine if any events have occurred that could cause its primary beneficiary status to change.

F-11

On July 26, 2010, the Company signed and executed with BSST a series of contractual agreements with a 25-year, renewable term. These contractual agreements require the pledge of the original shareholders’ equity interests and share certificates of the VIEs. At any time during the agreement period, the Company has absolute rights to acquire any portion of the equity interests of those VIEs under no-cost conditions. On August 6, 2010, the effective date of the agreements, the Company became the primary beneficiary of BSST. At the same time, the Company paid the consideration of $3.8 million, including $1,447,000 in cash and 260,000 in the Company’s ordinary shares at the market value of $8.98 per share in the amount of $2,334,800. The Company will expand its market in the petrochemical industries through BSST since it is a consulting, engineering, design, system integration and project management services company specializing in the fields of control and instrument automation, safety and emergency response for the oil, gas and petrochemical industries.

These agreements consist of the following:

Exclusive Technical and Consulting Service Agreement — Each of Yanyu, Tranhold and BSST has entered into an Exclusive Technical and Consulting Service Agreement with TTB, which agreement provides that TTB will be the exclusive provider of technical and consulting services to Yanyu, Tranhold and BSST, as appropriate, and that each of them will in turn pay 90% of its profits (other than net profits allocable to the State-Owned Entities (“SOE”) Shareholder of Yanyu) to TTB for such services. In addition to such payment, Yanyu, Tranhold and BSST agree to reimburse TTB for TTB’s expenses (other than TTB’s income taxes) incurred in connection with its provision of services under the agreement. Payments will be made on a quarterly basis, with any overpayment or underpayment to be reconciled once each of Tranhold’s, Yanyu’s and BSST’s annual net profits, as applicable, are determined at its fiscal year end. Any payment from TTB to TTII would need to comply with applicable Chinese laws affecting payments from Chinese companies to non-Chinese companies. Although based on this agreement TTB is only entitled to 90% of net profits (other than net profits allocable to the SOE Shareholder of Yanyu), TTB also entitled the remaining share of the net profits of the VIEs through dividends per the Proxy Agreement as discussed below. The Company relies on dividends paid by TTB for its cash needs, and TTB relies on payments from Yanyu, Tranhold and BSST to be able to pay such dividends to the Company.

Management Fee Payment Agreement — Each of the shareholders of Yanyu, Tranhold and BSST (other than Beijing Yanyu Communications Telemetry United New Technology Development Department, a Chinese State Owned Entity (the “SOE Shareholder”) of Yanyu) has entered into a Management Fee Payment Agreement, which provides that, in the event TTB exercises its rights to purchase the equity interests of the Yanyu or Tranhold or BSST shareholders (other than those owned by the SOE Shareholder of Yanyu) under the Equity Interest Purchase Agreements, such shareholders shall pay a Management Fee to TTB in an amount equal to the amount of the Transfer Fee received by the such shareholders under the Equity Interest Purchase Agreement.

Proxy Agreement — Each of the shareholders of Yanyu, Tranhold and BSST (other than the SOE Shareholder of Yanyu) has executed a Proxy Agreement authorizing TTB to exercise any and all shareholder rights associated with his ownership in Yanyu or Tranhold or BSST, as appropriate, including the right to attend shareholders’ meetings, the right to execute shareholders’ resolutions, the right to sell, assign, transfer or pledge any or all of the equity interest in Yanyu or Tranhold or BSST, as appropriate, and the right to vote such equity interest for any and all matters.

Equity Interest Pledge Agreement — TTB and the shareholders of each of Tranhold, BSST and Yanyu, (other than the SOE Shareholder of Yanyu) have entered in Equity Interest Pledge Agreements, pursuant to which each such shareholder pledges all of his shares of Tranhold, Yanyu or BSST, as appropriate, to TTB. If Tranhold, Yanyu or BBST or any of its respective shareholders (other than the SOE Shareholder of Yanyu) breaches its respective contractual obligations, TTB, as pledgee, will be entitled to certain rights, including the right to foreclose on the pledged equity interests. Such Tranhold, BSST and Yanyu shareholders have agreed not to dispose of the pledged equity interests or take any actions that would prejudice TTB’s interest. According to this agreement, TTB has absolute rights to obtain any and full dividends related to the equity interest pledged during the term of the pledge.

Exclusive Equity Interest Purchase Agreement — Each of the shareholders of Tranhold, Yanyu and BSST (other than the SOE Shareholder of Yanyu) has entered into an Exclusive Equity Interest Purchase Agreement, which provides that TTB will be entitled to acquire such shares from the current shareholders upon certain terms and conditions, if such a purchase is or becomes allowable under PRC laws and regulations. The Exclusive Equity Interest Purchase Agreement also prohibits the current shareholders of each of Tranhold, Yanyu and BSST, (other than the SOE Shareholder of Yanyu) from transferring any portion of their equity interests to anyone other than TTB. TTB has not yet taken any corporate action to exercise this right of purchase, and there is no guarantee that it will do so or will be permitted to do so by applicable law at such time as it may wish to do so.

F-12

Operating Agreements — TTB, Tranhold, Yanyu and each of their respective shareholders (other than the SOE Shareholder of Yanyu) have entered into an Operating Agreement on July 3, 2009, TTB, BSST and each of their respective shareholders have entered into an Operating Agreement on July 26, 2010, which requires TTB to guarantee the obligations of each of Tranhold, Yanyu and BSST in their business arrangements with third parties. Each of Tranhold, Yanyu and BSST, in return, agrees to pledge its accounts receivable and all of its assets to TTB. Moreover, each of Tranhold, Yanyu and BSST, agrees that without the prior consent of TTB, such company will not engage in any transactions that could materially affect its assets, liabilities, rights or operations, including, without limitation, incurrence or assumption of any indebtedness, sale or purchase of any assets or rights, incurrence of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. Pursuant to these operating agreements, TTB provides guidance and instructions on each of Tranhold, Yanyu and BSST’s daily operations and financial affairs. The contracting shareholders of each of Tranhold, Yanyu and BSST, must designate the candidates recommended by TTB as their representatives on their respective boards of directors. TTB has the right to appoint and remove senior executives of each of Tranhold, Yanyu and BSST.

Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs.

The Company is the primary beneficiary of Tranhold, Yanyu and BSST, VIEs. Accordingly, the assets and liabilities of VIEs are included in the accompanying consolidated balance sheets.

The Company reports VIEs’ portion of consolidated net income and shareholders’ equity as noncontrolling interests in the consolidated financial statements.

The total assets and liabilities of our consolidated VIEs as of June 30, 2013 and December 31, 2012 are shown as below, which exclude intercompany balances that are eliminated among the VIEs.

	June 30, 2013			December 31,
	(Unaudited)			2012
ASSETS
Current assets
Cash	$	3,215,201		$	2,346,543
Restricted cash		6,648,207			521,302
Accounts and notes receivable, net		31,630,563			18,171,800
Unbilled revenue		2,897,769			8,568,681
Other receivables		15,366,871			17,210,742
Inventories		8,128,800			6,741,246
Deposits on projects		1,006,604			1,296,163
Prepayments to suppliers and subcontractors		13,388,573			9,506,484
Total current assets		82,282,588			64,362,961
Long-term unbilled revenue		1,060,633			1,040,367
Plant and equipment, net		615,781			684,067
Intangible assets, net		3,706,137			3,848,986
Total Assets	$	87,665,139		$	69,936,381
LIABILITIES AND EQUITY
Current liabilities
Accounts payable		7,502,954			7,844,856
Costs accrual on projects		12,053,904			8,650,053
Advance from customers		12,328,749			10,192,513
Loan from third party companies and individual		2,508,073			1,781,717
Other payables		24,301,034			18,539,234
Tax payable		4,095,939			2,865,250
Deferred income taxes		(369,513	)		329,899
Short-term bank borrowing		9,108,192			2,754,158
Total current liabilities		71,529,332			52,957,680
Total Liabilities	$	71,529,332		$	52,957,680

F-13

For the three-month period ended June 30, 2013, the financial performance of the VIEs reported in the consolidated statements of operations and comprehensive income/(loss) includes sales of approximately US$10,347,917, cost of sales of approximately US$8,019,390, operating expenses of approximately US$1,859,648 and net income of approximately US$ 335,224.

For the three-month period ended June 30, 2012, the financial performance of the VIEs reported in the consolidated statements of operations and comprehensive income includes sales of approximately US$11,126,084, cost of sales of approximately US$8,703,571, operating expenses of approximately US$1,898,762 and net income of approximately US$ 351,712.

For the six-month period ended June 30, 2013, the financial performance of the VIEs reported in the consolidated statements of operations and comprehensive income/(loss) includes sales of approximately US$16,855,729, cost of sales of approximately US$13,172,768, operating expenses of approximately US$3,921,871 and net loss of approximately US$478,025 .

For the six-month period ended June 30, 2012, the financial performance of the VIEs reported in the consolidated statements of income and comprehensive income includes sales of approximately US$21,896,713, cost of sales of approximately US$17,131,745, operating expenses of approximately US$3,798,806 and net income of approximately US$576,092.

5. Restricted Cash

As of June 30, 2013, the Company has made deposits totaling $16,678,766, among which $9.0 million is the advanced payment from buyer of the real property in Baoding, and the fund will be used to discharge the pledge on the real property. The others are as collateral in exchange of the issuance of letters of credit. Among these letters of credit, a total of $5,116,424 is with expiration dates within the next 12 months. The remaining balance of $2,582,777 is to expire after June 2014, and is classified under long-term restricted cash.

6. Accounts and Notes Receivable, Net

Based on the Company’s assessment, management believes the net balance on each balance sheet date herein was collectable. The gross balances and bad debt provisions as of June 30, 2013 and December 31, 2012 are as the following:

	June 30,2013			December 31,
	(Unaudited)			2012
Accounts receivable, gross	$	33,520,561		$	20,073,881
Less bad debt provision		(1,735,507	)		(1,475,771	)
Notes receivable		56,628			-
Accounts receivable, net	$	31,841,682		$	18,598,110

F-14

The allowance is based on the age of receivables and a specific identification of receivables considered at risk of collection. The following analysis details the changes in the Company’s allowances for doubtful accounts:

	June 30,2013		December 31,
	(Unaudited)		2012
Balance at beginning of the period	$	1,475,771	$	619,062
Increase in allowances during the period		259,736		950,302
Write-offs during the period		-		(93,593	)
Balance at the end of the period	$	1,735,507	$	1,475,771

7. Unbilled Revenue

For revenues accounted for under this account, we expect the amounts to be billed and collected within one year. For those with a bill period longer than one year, we classify them under “Long-term unbilled revenue” on the consolidated balance sheets.

The unbilled revenue as of June 30, 2013 and December 31, 2012 are as the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Current unbilled revenue	$	23,978,677	$	27,954,525
Long-term unbilled revenue		45,327,393		51,219,694
Total	$	69,306,070	$	79,174,219

As of June 30, 2013, $8,089,699 of the current unbilled revenue, and $31,978,553 of the long-term unbilled revenue was related to the Ordos project. As of June 30, 2013, $6,868,987 of the current unbilled revenue was related to India projects, none of the long-term unbilled revenue was related to India projects. The remaining balance was for various other on-going projects. All of the balances are considered collectible.

8. Other Current Assets

Other current assets consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Advances to staff	$	1,370,801	$	1,343,985
Loan to third-party companies		725,144		678,511
Amount due from related parties		252,194		231,843
Rental Deposit		312,211		362,308
Prepaid expenses		425,012		397,550
Other		638,657		811,573
Total	$	3,724,019	$	3,825,770

Advances to staff were mainly for staff with long term assignment overseas for sales and project related work.

Loans to third-party companies were made for working capital purposes. $500,000 is for short-term of six months with 6% annualized interest rate, and $161,794 is for one year with no interest.

F-15

9. Inventories

Inventories consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Raw materials	$	2,824,392	$	2,752,199
Finished goods		1,186,208		910,003
Project work-in-progress		6,420,757		4,796,871
Total	$	10,431,357	$	8,459,073

The Company reviews its inventory periodically for possible obsolete goods and to determine if any reserves are necessary for potential obsolescence. As of June 30, 2013 and December 31, 2012, the Company determined that no reserves were necessary.

10. Deposits on Projects

Deposits on Projects consisted of the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Current:
Contract deposit	$	772,038	$	867,835
Bidding deposit		421,287		601,715
Total	$	1,193,325	$	1,469,550

Contract deposits are paid to customers for the promise that the service or products will be properly and timely provided. Bidding deposits are paid as a deposit for project bidding process. All of the deposits will be collected within one year.

11. Prepayments to suppliers and subcontractors

	June 30, 2013		December 31,
	(Unaudited)		2012
Prepayments to suppliers and subcontractors	$	15,553,537	$	9,353,490
Total	$	15,553,537	$	9,353,490

Prepayments to suppliers and subcontractors represent prepayments to the Company’s suppliers for the purchase of equipments for the projects and to the subcontractors for the construction of projects.

12. Plant and Equipment, Net

Plant and equipment consist of the following:

	June 30,2013			December 31,
	(Unaudited)			2012
Office equipment	$	741,209		$	646,920
Automobiles		916,893			1,016,529
Furniture and fixtures		455,944			445,740
Buildings		276,796			271,507
Machinery and Equipment		221,104			159,678
Leasehold improvement		238,509			233,952
Total plant and equipment		2,850,455			2,774,326
Less: accumulated depreciation		(1,165,121	)		(1,009,542	)
Plant and equipment, net	$	1,685,334		$	1,764,784

F-16

The depreciation expense for the quarter ended June 30, 2013 and 2012 amounted to $88,332 and $83,095, respectively.

The depreciation expense for the six months ended June 30, 2013 and 2012 amounted to $175,504 and $154,638, respectively.

13. Construction in Progress

The construction in progress account captures primarily the balance of construction in progress for the Company’s Baoding research, development and production base in Baodi, Tianjin area. As of June 30, 2013, the construction in progress of the Baoding facility totaled at $5,746,914.

14. Intangible Assets, Net

Intangible assets mainly consist of patents, software, customer lists, land use right and know-how. The patents were invested as capital contribution by the shareholders of Tranhold and Yanyu, and were recorded at the appraisal value as stipulated by the local regulatory authority. According to ASC 845-10-S99, transfers of nonmonetary assets to a company by its promoters or shareholders in exchange for shares prior to or at the time of the company’s initial public offering normally should be recorded at the transferors’ historical cost basis determined under US GAAP. The effect from the inclusion of the contributed patents at its fair value instead of historical cost was immaterial. Software was purchased from third parties at the acquisition cost.

All the intangible assets have definite lives, and are amortized on a straight-line basis over their expected useful economic lives. The original costs and accumulated amortization as of June 30, 2013 and December 31, 2012 are as follows:

	June 30,2013			December 31,
	(Unaudited)			20112
Patents	$	2,192,093		$	2,150,207
Software		2,934,943			2,878,862
Customer list		1,293,804			1,280,356
Land use right		5,835,504			5,724,001
Know-how		1,228,774			1,218,479
Contract backlog		59,863			58,719
Total intangible assets		13,544,981			13,310,624
Less accumulated amortization		(2,860,191	)		(2,407,692	)
Intangible assets, net	$	10,684,790		$	10,902,932

The amortization expense for the quarter ended June 30, 2013 and 2012 amounted to $129,110 and $213,936, respectively.

The amortization expense for the six months ended June 30, 2013 and 2012 amounted to $258,221 and $427,875, respectively.

F-17

The amortization expense for the following five years and thereafter is expected to be as follows:

For the Years Ended December 31,	Amount
Remainder of 2013	$	412,054
2014		823,419
2015		823,419
2016		613,498
2017		564,331
Thereafter		7,448,069
Total	$	10,684,790

15. Investment in Joint Venture

On October 18, 2011, TIS entered into an agreement to establish a joint venture, Tri-Tech Infrastructure (India), Pvt. Ltd., with Allied Energy Systems Pvt. Ltd., for the purpose of market development in India.

On October 19, 2011, the capital injection in the amount of INR 300,000, or US$6,985, was made to the joint venture. Total registered capital of the joint venture is INR1,000,000, or $20,833. TIS took up 30% of the ownership. Equity method is adopted for the long-term investment.

For the year ended December 31, 2011, net loss for the India joint venture was INR3,385,463, or $66,017. TIS should bear the net loss of INR1,015,639, or $19,805. Since the net loss is more than the long-term investment, only $6,985 was offset and the remaining loss of $12,820 will be net-off against earnings in the future.

For the quarter ended March 31, 2012, net profit for the India joint venture was INR3,053,119, or $60,762. TIS should earn the net profit of INR915,936, or $18,229. After net off $12,820 of the loss brought forward from prior year, $5,409 was recognized as gain on investment in the joint venture for the quarter ended March 31, 2012.

For the period from April 1 to May 19, 2012, net profit for the India joint venture was INR2,655,392, or $50,679. TIS should earn the net profit of INR796,618, or $15,204, which was recognized as gain on investment in the joint venture for the period.

On May 19, 2012, TIS acquired additional 46% of TII’s equity interest, and became the controlling shareholder of TII. The additional investment consideration was INR1,917,000, or $35,273. TII was consolidated into TIS since that day.

16. Accounts Payable and Costs Accrual on Projects

This account contains the accounts payable to suppliers and accruals of costs incurred in the projects in accordance with the percentage of completion method.

Accounts payable and project accruals based on progress consisted of the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Accounts payable	$	6,669,304	$	5,890,511
Costs accrual on projects		24,071,455		23,637,751
Total	$	30,740,759	$	29,528,262

Of the total costs accrual on projects, $7,174,206 was related to the India projects for the period ended June 30, 2013, which contributed the most to the ending balance. The remaining balance was for various other on-going projects.

F-18

17. Advance from Potential Buyer of Assets

The company entered into a cooperation agreement with Tianjin Baodi Economic Development Zone Government (the “buyer”) on April 26, 2013, planning to sell its real property in Baoding for an acquisition price for approximately $18.7 million. The carrying value of the assets for sale amounts to approximately $18.7 million, including land use right of approximately $5.5 million, construction in progress of approximately $5.7 million, prepayments of approximately $1.1 million, committed contract of approximately $6.2 million and along with other operation expense.

In connection of the asset sale in Baoding, the Company received approximately $9.0 million as the first payment from the buyer by June 30, 2013, and has been investigating the possibility of repaying its $7.9 million corporate bond with this fund. The assets subject to sales are pledged as the collateral to the $7.9 million corporate bond and there are restrictions to the sales of assets due to the fact that the bond subscription agreement didn’t anticipate a redemption prior to maturity and related restrictions on the bond guarantee agreement. Consequently, a meeting among the Company, the underwriter, the bond purchasers and overseeing authorities has been scheduled on 15 August, 2013 to decide whether the bond shall be redeemed prior to maturity. Due to this reason, the assets are not available for immediate sale in its present condition, and thus the Company did not classify them as held for sale for the period ended June 30, 2013.

18. Loans from Third-party Companies and Individuals

The loans from third-party companies and individual as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Nuwell Asia Limited	$	200,000	$	500,000
Lin Bin		1,150,000		1,150,000
Beijing Liyuanshida Technology Co., Ltd		5,945,162		2,968,941
Xuzhou Weisi water technology co., LTD		-		643,697
Beijing Sridi Technology Co., Ltd		-		325,584
China automation control co., LTD		50,285		241,345
Loan from employees		2,072,803		-
Other		796,146		571,092
Total	$	10,214,396	$	6,400,659

The interest rate of loan from Beijing Liyuanshida Technology Co., Ltd and Lin Bin is 0% and 2.0% respectively. The interest rate of loan from employees is 1.5% and with the term range from 3 to 12 months. All loans are payable on demand except loan from employees.

The interest expense was $159,594 and $45,000 for the three-month ended June 30, 2013 and 2012, respectively. The interest expense was $185,117 and $74,305 for the six-month ended June 30, 2013 and 2012, respectively.

19. Amounts Due to Related Party

Amounts due to related party as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Gavin Cheng (Shareholder / CEO)	$	510,850	$	510,850
Warren Zhao (Shareholder)		980,471		955,500
Peter Dong (Shareholder / COO)		161,794		158,702
Others		29,028		31,368
Total	$	1,682,143	$	1,656,420

F-19

The amounts due to shareholders, originally due in November 2012, were extended to November 31, 2013. The monthly interest rate was 1%.

20. Amount Due to Noncontrolling Interest Investor

The amount due to noncontrolling interest investor as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Principal	$	4,407,268	$	7,354,271
Interest payable to noncontrolling interest investor		2,409,934		1,692,797
Total	$	6,817,202	$	9,047,068

The amount due to noncontrolling interest investor, $4,407,268, was the principal amount for short-term loan from the minority interest investor from TTA. The monthly interest rate is 1.5%, with terms ranging from 1 month to 12 months. The purpose of this short-term loan was mainly to reduce temporary operational cash pressure.

The noncontrolling interest investor interest expenses for the three months ended June 30, 2013 and 2012 were $197,503 and $ 289,660, respectively.

The noncontrolling interest investor interest expenses for the six months ended June 30, 2013 and 2012 were $522,469 and $ 549,011, respectively.

21. Other Payables

Other payables were non-project related as shown below:

	June 30,2013		December 31,
	(Unaudited)		2012
Corporate bond interest payable	$	281,951	$	130,745
Others		382,011		330,513
Total	$	663,962	$	461,258

22. Taxes Payable

	June 30,2013		December 31,
	(Unaudited)		2012
Value-added tax payable		4,498,243		3,539,608
Business tax payable		1,331,574		1,493,704
Individual income tax payable		21,852		19,753
Income tax payable		1,128		87,189
Others		510,149		437,279
Total	$	6,362,946	$	5,577,533

F-20

The amount others includes various taxes and surcharges charged from local Tax Bureau.

23. Corporate Bond

On September 26, 2012, TTB issued Bonds worth an aggregate of RMB 50 million (approximately $7.94 million). The Bonds were issued to sophisticated investors including financial institutions, secured by pledging the land use right and buildings of Baoding, and will be traded on an inter-bank bond market. The Bonds have a term of three years and carry an interest rate of 6.2%. Interest is paid annually on September 21. In connection of the asset sale in Baoding, the Company has been investigating the possibility of repaying the corporate bond with this fund, and a meeting among the Company, the underwriter, the bond purchasers and overseeing authorities has been scheduled on 15 August, 2013 to decide whether the bond shall be redeemed prior to maturity.

The corporate bond interest expenses for the three months ended June 30, 2013 and 2012 were $124,527 and nil, respectively.

The corporate bond interest expenses for the six months ended June 30, 2013 and 2012 were $246,273 and nil, respectively.

24. Bank Borrowings

The table below presents the bank borrowing interest rates and the amount borrowed as of June 30, 2013 and December 31, 2012.

Bank Name	Annual Interest Rate			Terms			As of June 30, 2013 (Unaudited)		As of December 31, 2012
Citic Bank		7.800	%		2012-12-6	2013-12-6	$	4,853,819	$	4,761,073
Bank of Hangzhou		7.872	%		2012-3-20	2013-3-19		-		634,810
Bank of Hangzhou		7.872	%		2012-4-19	2013-4-18		-		36,406
Bank of Hangzhou		7.216	%		2012-4-28	2013-4-26		-		337,216
China Merchants Bank		7.200	%		2012-8-31	2013-8-31		1,175,617		1,946,666
Bank of Hangzhou		6.442	%		2013-1-3	2014-1-4		589,739		-
China Merchants Bank		7.135	%		2013-3-16	2014-2-15		808,970		-
Industrial and Commercial Bank of China		6.420	%		2013-1-31	2013-7-30		1,836,362		-
Bank of Hangzhou		6.000	%		2013-4-1	2014-3-30		647,176		-
Industrial and Commercial Bank of China		6.000	%		2013-6-27	2014-6-26		1,617,940		-
China Merchants Bank		7.200	%		2012-8-31	2013-8-30		442,322		433,870
Industrial and Commercial Bank of China		5.880	%		2013-3-15	2013-9-13		970,764		-
Industrial and Commercial Bank of China		5.600	%		2013-6-25	2013-12-24		1,019,302		-
Total short-term bank borrowings							$	13,962,011	$	8,150,041
ICICI BANK LTD. (Scorpio)		11.990	%		2012-5-1	2016-4-30		7,605		9,460
ICICI BANK LTD. (VENTO)		12.250	%		2012-1-15	2015-1-14		5,940		8,516
Total long-term bank borrowings							$	13,545	$	17,976

The Company repaid $486,046 of the bank borrowings during the three-month period ended June 30, 2013. The bank loan from Citic Bank in the amount RMB30 million (US$4,853,819) was guaranteed by Mr. Peter Dong, Mr. Gavin Cheng, Mr. Phil Pan and Mr. Warren Zhao, and secured by pledging of accounts receivable from the Ordos Project. All of the remaining bank borrowings are credit loans.

F-21

25. Income Taxes

We are subject to income taxes on the entity level for income arising in or derived from the tax jurisdictions in which each entity is domiciled. According to the New Enterprise Income Tax Law (“NEITL”) in China, the unified Enterprise Income Tax rate is 25%. However, five of our eight subsidiaries and VIEs in China are subject to certain favorable tax policies as high-tech companies. The effective income tax rate for the three-month period ended June 30, 2013 was -14%.

The applicable statutory tax rate for our subsidiaries in India is 42.024%. The Company has not recorded tax provision for U.S. tax purposes as it has no profits arising in or derived from the United States and intends to reinvest accumulated earnings in its PRC operations.

The applicable statutory tax rates for our subsidiaries and VIEs in the PRC are as follows:

	Three Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-14	%		18	%

	Six Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-8	%		18	%

The provision for income tax expense (benefit) from operations consists of the following:

	Three Months Ended June 30,
	(Unaudited)
	2013			2012
Current:
Overseas		-			72,989
PRC	$	-		$	-
Deferred:
Overseas		(14,026	)		-
PRC		113,670			214,073
Total income tax expense	$	99,644		$	287,062

F-22

	Six Months Ended June 30,
	(Unaudited)
	2013			2012
Current:
Overseas		-			72,989
PRC	$	-		$	-
Deferred:
Overseas		(28,050	)		-
PRC		182,443			528,566
Total income tax expense	$	154,393		$	601,555

F-23

Significant components of the Company’s deferred tax liabilities are as follows:

	June 30, 2013		December 31, 2012
	(Unaudited)		(Audited)
Current:
Deferred tax liabilities:
Revenue recognition based on percentage of completion		1,803,240		1,782,786
Total net deferred tax liabilities	$	1,803,240	$	1,782,786
Long-term:
Deferred tax liabilities:		-		-
Revenue recognition based on percentage of completion		394,304		435,314
Intangible assets valuation in business combination		3,406,774		3,264,476
Total net deferred tax liabilities	$	3,801,078	$	3,699,790

Income tax reconciliation for the three months ended June 30, 2013 and 2012 are as follows:

	Three Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
PRC federal statutory tax rate		25	%		25	%
Taxable (loss) income	$	(715,779	)	$	1,594,789
Computed expected income tax expense		(178,945	)		398,697
Effect of different tax rates		(66,072	)		(111,635	)
Effect of operation loss		344,661			-
Nondeductible items		-			-
Income tax expense	$	99,644		$	287,062

	Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
PRC federal statutory tax rate		25	%		25	%
Taxable (loss) income	$	(1,908,287	)	$	3,341,971
Computed expected income tax expense		(477,072	)		835,493
Effect of different tax rates		(106,019	)		(233,938	)
Effect of operation loss		711,442			-
Nondeductible items		26,042			-
Income tax expense	$	154,393		$	601,555

26. Warrants

As of June 30, 2013 and December 31, 2012, the Company has 229,274 warrants outstanding for ordinary shares. None of these warrants were exercised by June 30, 2013. During the quarter ended June 30, 2013 and 2012, the Company recorded no warrant expenses as general and administrative expenses.

During the six month ended June 30, 2013 and 2012, the Company recorded no warrants as general and administrative expense.

F-24

27. Options Issued to Employees

TRIT’s 2009 Share Incentive Plan approved by its shareholders permits the Company to offer up to 525,500 shares, options and other securities to its employees and directors. On September 9, 2009, TRIT granted 525,500 share options with an exercise price equal to $6.75 to its senior management and employees. The options will vest on a schedule spanning 5 years contingent upon continuous service and will have 10-year contractual terms from September 9, 2009. The options will vest over five years at a rate of 20% per year, with the first 20% vesting on September 9, 2010. Certain options provide for accelerated vesting upon a change in control (as defined in the employee share option plan).

The fair value of options on the grant-date of September 9, 2009 was $3.53 per share, which was estimated by using the Black-Scholes Model. The total fair value of the options was $1,855,015. 313,500 and 210,200 options were vested as of June 30, 2013 and December 31, 2012, respectively. 93,700 and 93,700 options were exercised as of June 30, 2013 and December 31, 2012, respectively. A total of 9,000 and 9,000 options were forfeited as of June 30, 2013 and December 31, 2012, respectively.

TRIT’s 2011 Share Incentive Plan (the “2011 Plan”) approved by its shareholders permits the Company to offer up to 474,008 shares, options and other securities to its employees and directors. In connection with the 2011 Plan, on June 5, 2012, TRIT granted 450,016 share options to its senior management and directors, out of which 225,008 share options have an exercise price equal to $7.63, the exercise price for the remaining 225,008 share options equals to the closing price of the Company’s ordinary shares on January 1, 2013, which was $2.75. 225,008 share options were vested immediately at the grant date, the remaining 225,008 share options were vested on January 1, 2013.

The fair value of the 255,008 share options on the grant-date June 5, 2012 was $1.55 per share, which was estimated by using the Binominal Model. Valuation assumptions used in the Binominal option-pricing model for options issued include (1) discount rate of 3.07% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 38%, and (3) zero expected dividends. The total fair value of the options was $348,762. The fair value of the remaining 225,008 options vested on January 1, 2013 was $1.20 per share, which was estimated by using the Binominal Model. Valuation assumptions used in the Binominal option-pricing model for options issued include (1) discount rate of 2.5% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 47%, (3) life of options of 9.2 years, and (4) zero expected dividends. The total fair value of the remaining options was $270,010.

Also in connection with the 2011 Plan, on June 4, 2012, TRIT granted 23,000 share options with an exercise price equal to $4.45 to its senior management, out of which half was vested on December 31, 2012 and 2013, respectively. The fair value of options per share on the grant-date of June 4, 2012 was $2.07, estimated by using the Binominal Model. Valuation assumptions used in the Binominal option pricing model for options issued include (1) discount rate of 3.15% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 45%, (3) life of options of 10.6 years, and (4) zero expected dividends. The total fair value of the options was $47,610.

Also in connection with the 2011 Plan, on September 17, 2012, TRIT granted 10,000 share options with an exercise price equal to $3.77 to its directors, out of which half was vested on September 18, 2012 and 2013, respectively. The fair value of options per share on the grant-date of September 17, 2012 was $1.68, estimated by using the Binominal Model. Valuation assumptions used in the Binominal option pricing model for options issued include (1) discount rate of 2.41% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 46%, (3) life of options of 10 years, and (4) zero expected dividends. The total fair value of the options was $16,800.

The option compensation expenses recognized were $96,954 and $439,675 for three months ended June 30, 2013 and 2012, respectively.

The following table summarizes the outstanding options, related weighted average fair value and life information as of June 30, 2013.

Options Outstanding							Options Exercisable
Range of Exercise Price Per Share	Number outstanding as of June 30,2013		Weighted Average Fair Value		Weighted average Remaining Life (Years)		Number Exercisable as of June 30,2013		Weighted Average Exercise Price
$2.75 - $7.63		893,312	$	2.32		5.91		677,316	$	5.93

F-25

A summary of option activity under the employee share option plan as of June 30, 2013 and 2012, and changes during the periods then ended is presented below:

Options	Number of shares		Exercise Price		Remaining Life(Years)		Aggregated Intrinsic Value
Outstanding as of January 01, 2013		893,312	$	5.93		6.41	$	-
Granted during the period		-		-		-		-
Exercised during the period		-		-		-		-
Forfeited during the period		-		-		-		-
Outstanding as of June 30, 2013		893,312	$	5.93		5.91	$	-

F-26

Options	Number of shares			Exercise Price		Remaining Life(Years)		Aggregated Intrinsic Value
Outstanding as of January 01, 2012		426,400		$	6.75		2.69	$	-
Granted during the period		450,016			7.63		9.73		-
Exercised during the period		-			-		-		-
Forfeited during the period		(3,600	)		6.75		2.57		-
Outstanding as of June 30, 2012		872,816		$	7.20		6.32	$	-

A summary of unvested options under the employee share option plan as of June 30, 2013 and 2012, and changes during the periods then ended is presented below:

Options	Number of Shares		Fair Value
Unvested as of January 01, 2013		437,004	$	2.32
Granted during the period		-		-
Vested during the period		-		-
Forfeited during the period		-		-
Unvested as of June 30, 2013		437,004	$	2.32
Expected to vest thereafter		437,004	$	2.32

Options	Number of Shares			Fair Value
Unvested as of January 01, 2012		309,900		$	3.53
Granted during the period		-			-
Vested during the period		-			-
Forfeited during the period		(3,600	)		-
Unvested as of June 30, 2012		306,300		$	3.53
Expected to vest thereafter		306,300		$	3.53

28. Net (Loss) Income per Ordinary Share

The following table presents a reconciliation of basic and diluted net (loss) income per share:

	Three months ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Net income attributable to Tri-Tech Holding Inc	$	(602,020	)	$	1,370,887
Weighted-average shares of ordinary share used to compute basic net income per share		8,253,406			8,207,427
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants		-			-
Dilutive effect of employee stock options		-			-
Shares used in computing diluted net income per ordinary share		8,253,406			8,207,427
Basic net income per ordinary share	$	(0.07	)	$	0.17
Diluted net income per ordinary share	$	(0.07	)	$	0.17

F-27

	Six months ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Net income attributable to Tri-Tech Holding Inc	$	(1,700,793	)	$	2,809,012
Weighted-average shares of ordinary share used to compute basic net income per share		8,252,080			8,194,813
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants		-			-
Dilutive effect of employee stock options		-			-
Shares used in computing diluted net income per ordinary share		8,252,080			8,194,813
Basic net income per ordinary share	$	(0.21	)	$	0.34
Diluted net income per ordinary share	$	(0.21	)	$	0.34

All warrants and options have anti-dilutive effect due to the fact that the weighted average exercise price per share of these warrants and options are higher than the weighted average market price per share of ordinary shares during the three and six months ended June 30, 2013.

29. Certain Significant Risks and Uncertainty

The Company’s substantial operations are carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC and by the general state of the PRC economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and West Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.  

The Company has three customers who represented 13%, 12% and 11% of the Company’s revenue for the quarter ended June 30, 2013, respectively. The Company has one customer who represented over 10% of the Company’s revenue for the six months ended June 30, 2013.

Our suppliers vary from project to project. Many times, they are specifically appointed by the clients. Most of the material or equipment we purchase is non-unique and easily available in the market. The prices for those purchases, although increasing, are relatively consistent and predictable. A specific supplier might take up a significant percentage of our total purchase at a certain time for a large contract. However, the dependence on a specific supplier usually ends when the project is completed. We do not rely on any single supplier for our long-term needs.

30. Commitments and Contingencies

Operating Leases

As of June 30, 2013, the Company had commitments under certain operating leases, requiring annual minimum rentals as follows:

For the Years Ended December 31,	Amount
Remainder of 2013	$	323,393
2014		852,508
2015		448,015
2016		239,012
Total	$	1,862,928

The leased properties are principally located in the PRC and are used for administration and research and development purposes. The terms of these operating leases vary from one to five years. Pursuant to the contracts, when they expire, we have the rights to extend them with new negotiated prices. Rental expenses were $254,380 and $279,806 for the quarter ended June 30, 2013 and 2012, respectively.

F-28

Capital Commitment

In relation to the construction of our research, development and production base in Baodi, Tianjin, the Company committed to pay the construction suppliers an approximate amount of $6.5 million in September 2013 for the undergoing contracts.

Product Warranties

The Company’s warranty policy generally is to replace parts if they become defective within one year after deployment at no additional charge. Historically, failure of product parts due to materials or workmanship has not been significant. The Company has not incurred any material unexpected costs associated with servicing its warranties. The Company continuously evaluates and estimates its potential warranty obligations, and records the related warranty obligation when the estimated amount becomes material at the time revenue is recorded.

31. Segment Information

The Company has three reportable operating segments. The segments are grouped with references to the types of services provided and the types of clients that use those services. As TTB and its subsidiaries and VIEs conduct business under the three segments, the total sales and costs are divided accordingly into three segmental portions. The Company’s Chief Executive Officer is the chief operating decision maker, and he assesses each segment’s performance based on net revenues and gross profit on contribution margin. The three reportable operating segments are:

Segment 1: Water, Wastewater Treatment and Municipal Infrastructure

Municipal water supply and distribution, wastewater treatment and gray water reuse engineering, procurement, and construction (EPC), build-transfer (BT); proprietary process control systems, process equipment integrated, and proprietary odor control systems, and other municipal facilities engineering, operation management, and related infrastructure construction projects.

Segment 2: Water Resource Management System and Engineering Service

Water resources protection and allocation, flood control and forecasting, irrigation systems, related system integration, proprietary hardware and software products, etc.   

Segment 3: Industrial Pollution Control and Safety Water Resource

Provide systems for volatile organic compounds (VOC) abatement, odor control, water and wastewater treatment, water recycling facilities design, engineering, procurement and construction for oil, gas, petrochemical and power industries, safety and clean production technologies for oil, gas exploration and pipeline.

F-29

For the Three Months Ended June 30, 2013 and 2012(Unaudited)
	Segment 1					Segment 2						Segment 3						Total
	2013			2012		2013			2012			2013			2012			2013			2012
Revenues	$	2,309,189			8,354,428		4,324,518			8,436,000			9,650,910			6,250,106			16,284,617			23,040,534
Cost of revenues		1,444,131			6,327,955		3,379,855			6,089,299			7,833,383			4,799,214			12,657,369			17,216,468
Operating expenses:
Selling and Marketing Expenses		315,617			222,521		359,269			457,484			175,665			255,848			850,551			935,853
General and Administrative Expenses		1,197,756			1,389,852		495,732			908,000			949,552			949,694			2,643,040			3,247,546
Research and Development		107,025			6,167		0			5,361			75,887			-			182,912			11,528
Total operating expenses		1,620,398			1,618,540		855,001			1,370,845			1,201,104			1,205,542			3,676,503			4,194,927
Other income (expenses), net		(521,197	)		100,754		(90,022	)		(21,326	)		(55,305	)		(113,778	)		(666,524	)		(34,350	)
Income (loss) before income taxes	$	(1,276,537	)		508,687		(360	)		954,530			561,118			131,572		$	(715,779	)		1,594,789

For the Six Months Ended June 30, 2013 and 2012(Unaudited)
	Segment 1					Segment 2						Segment 3						Total
	2013			2012		2013			2012			2013			2012			2013			2012
Revenues	$	4,235,869			16,761,401		9,404,915			14,690,590			13,122,661			10,809,855			26,763,445			42,261,846
Cost of revenues		2,929,217			12,252,219		7,305,537			10,610,453			10,566,750			8,357,608			20,801,504			31,220,280
Operating expenses:
Selling and Marketing Expenses		611,340			448,147		841,328			883,774			442,409			442,925			1,895,077			1,774,846
General and Administrative Expenses		2,633,114			2,920,267		1,106,247			1,530,294			1,802,690			1,650,345			5,542,051			6,100,906
Research and Development		116,187			11,918		0			68,480			75,887			-			192,074			80,398
Total operating expenses		3,360,641			3,380,332		1,947,575			2,482,548			2,320,986			2,093,270			7,629,202			7,956,150
Other income (expenses), net		10,826			448,169		(164,768	)		(62,242	)		(87,084	)		(129,372	)		(241,026	)		256,555
Income (loss) before income taxes	$	(2,043,163	)		1,577,019		(12,965	)		1,535,347			147,841			229,605		$	(1,908,287	)		3,341,971

F-30

Assets by Segment

The Company evaluates its assets by segment to generate information needed for internal control, resource allocation and performance assessment. This information also helps management to establish a basis for asset realization, determine insurance coverage, assess risk exposure, and meet requirements for external financial reporting.

Segment assets of the Company are as follows:

Segment Assets	Segment 1		Segment 2		Segment 3		Total
As of  June 30, 2013	$	83,320,551	$	38,784,285	$	52,474,784	$	174,579,620
As of December 31, 2012	$	89,062,709	$	30,058,569	$	37,556,788	$	156,678,066

32. Subsequent Event

The Board of Directors authorizes the issuance of ordinary shares worth, in the aggregate, $302,406.58 to seller of J&Y, James Schwartz. A total of 196,368 ordinary shares shall be issued, such number being equal to $302,406.58 divided by a closing price of $1.54 per share on the date the Board of Directors electronically consented to such issuance, July 19, 2013.

F-31

EX-31.1

Exhibit 31.1

Certification of Principal Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Securities and Exchange Commission Release 34-46427

I, Gavin Cheng, certify that:

  (1) I have reviewed this Form 10-Q of Tri-Tech Holding, Inc.;

  (2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 

  (3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

  (4) The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

  (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

  (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

  (5) The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 14, 2013	/s/ Gavin Cheng
	Gavin Cheng
	Chief Executive Officer (Principal Executive Officer)

EX-31.2

Exhibit 31.2

Certification of Principal Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Securities and Exchange Commission Release 34-46427

I, Phil Fan, certify that:

  (1) I have reviewed this Form 10-Q of Tri-Tech Holding, Inc.;

  (2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 

  (3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

  (4) The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

  (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

  (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

  (5) The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 14, 2013	/s/ Phil Fan
	Phil Fan
	Chief Financial Officer (Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with this Form 10-Q report of Tri-Tech Holding, Inc. for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof and pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Gavin Cheng, certify that: 

(1) This report containing the financial statements fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the this period report fairly presents, in all material respects, the financial condition and results of operations of Tri-Tech Holding, Inc..

Date: August 14, 2013	/s/ Gavin Cheng
	Gavin Cheng
	Chief Executive Officer (Principal Executive Officer)

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with this Form 10-Q report of Tri-Tech Holding, Inc. for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof and pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Phil Fan, certify that: 

(1) This report containing the financial statements fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the this period report fairly presents, in all material respects, the financial condition and results of operations of Tri-Tech Holding, Inc..

Date: August 14, 2013	/s/ Phil Fan
	Phil Fan
	Chief Financial Officer (Principal Financial Officer)

EX-99.1

Exhibit 99.1

 

Tri-Tech Holding Reports Second Quarter 2013 Financial

Results

Conference Call Scheduled on August 15, 2013 at 9:00 AM EDT

BEIJING, August 14, 2013 /PRNewswire-Asia-CMV/ — Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced its financial performance for the second quarter ended June 30, 2013.

In discussing second quarter results, Mr. Gavin Cheng, CEO of Tri-Tech Holding Inc. commented, “Despite an overall deterioration in financial results compared to that from the same period in 2012, the Company saw a recovery in operations when compared to that of first quarter 2013: our revenue increased by 55%, our operating expenses margin declined by 15% and our gross margin maintained relatively the same at 22.3%.” Management ascribes the recovery to:

· 11% reduction in headcount and improvements in employee productivity;

· Consolidation of compatible business units;

· Reduction of middle management;

· Rigorous selection of projects to reduce exposure to riskier projects; and

· Avoidance of projects with unfavorable payment terms.

Moving forward, the Company will further such efforts to continue on the course of recovery.”

Highlights from the Company’s second quarter 2013 performance include the following:

· Loss from Operations was $0.49 million in the second quarter 2013, compared to Income from Operations of $1.63 million in the same period of 2012. Loss from Operations decreased sharply from 2013 first quarter Loss from Operations of $1.6 million.

· Net Loss was $0.6 million in the second quarter 2013, compared to Net Income of $1.3 million in the same period of 2012. Net Loss decreased from 2013 first quarter Net Loss of $1.1 million.

1 / 11

· The Company achieved $16.3 million in revenues in the second quarter of 2013, a decline of 29.3% compared to $23.04 million from the same period in 2012. Revenues were up 55% from first quarter 2013 revenues of $10.5 million.

· Weighted average number of diluted shares outstanding was 8,253,406 compared to 8,207,427 in the same period in 2012.

· Diluted loss per share was $0.07 compared to diluted earnings per share of $0.17 in the same period of 2012.

2013 Q2 Financial Performance Metrics

Revenue

Our total revenues for the second quarter of 2013 were $16,284,617, a decrease of 29.3%, compared with the amount for the same period last year. Revenue from the Ordos project decreased from $1,855,180 for the period ended June 30, 2012 to $848,403 in the same period 2013 because the project was primarily completed; India projects didn’t recognize revenue in the second quarter of 2013, mainly because the customer underestimated of the construction environment and there were redesigns, while in the same period of 2012, India projects recognized a revenue of $4.0 million. In order to reduce cash flow pressures, we evaluated the projects we planned to bid on and elected not to bid on domestic BT projects, which typically require significant investments and feature slower client payment periods.

Gross Margin

Our gross margin decrease was largely a result of increases in material and equipment costs and labor subcontracting costs.

Selling and Marketing Expenses

Selling and marketing expenses consist primarily of compensation, marketing, travel and business entertainment expenses. In the second quarter of 2013, total selling and marketing expenses decreased by 9.1%, from $935,853 in the second quarter of 2012 to $850,551 in the same period of 2013. The compensation-related expenses increased by 17.6% from $396,291 in the second quarter of 2012 to $466,200 in the same period of 2013 due to the compensation for laying off selling and marketing employees. Traveling expenses, entertainment expenses and other expenses declined by $155,211 because of budget controls; therefore, the total selling and marketing expenses decreased.

2 / 11

General and Administrative Expenses

General and administrative expenses consist primarily of compensation costs, rental expenses, professional fees, and other overhead expenses. General and administrative expenses decreased by $604,506 from $3,247,546 in the second quarter of 2012 to $2,643,040 in the second quarter of 2013. Of this decrease, $26,206 was for officers’ salaries. Salaries for mid-level management, technical support team, and other office staff decreased by $78,792 from the amount in the second quarter of 2012 to the amount in the second quarter of 2013. Rental expenses decreased by $25,426 from the amount in the second quarter of 2012 to the amount in the second quarter of 2013, because the Company stopped to rent some of the office space in Beijing. Other general and administrative expenses decreased by $383,380 from the amount in the second quarter of 2012 to the amount in the second quarter of 2013, including mainly office expenses, utilities, travel, communication, other services support and bad debt expenses. We had a $96,954 non-cash option expense as a part of other general and administrative expense in the second quarter 2013 and $439,675 in the same period of 2012, which also contributed to the decrease of general and administrative expense.

Loss before Income Taxes

In the second quarter ended June 30, 2013, our net loss before provision for income taxes was $715,779, a decrease of $2,310,568 compared to that of $1,594,789 in the same period in 2012. The Company’s provision for income taxes decreased by 65.3%, from the amount in the second three months of 2012 to the amount in the same period in 2013. In the second period ended June 30, 2013, net loss attributable to the shareholders of TRIT was $ 602,020, a decrease of 143.9%, from net income of $1,370,887 for the same period in 2012, mainly due to the significant decline of revenues.

Liquidity and Capital Resources

Our liquidity and available capital resources are impacted by four key components: (i) cash and cash equivalents, (ii) operating activities, (iii) financing activities, and (iv) investing activities.

Cash and Cash Equivalents

As of June 30, 2013, our cash and cash equivalents amounted to $5,506,711. The restricted cash as of June 30, 2013 and December 31, 2012 amounted to $16,678,766 and $7,816,967, respectively, which are not included in the total amount of cash and cash equivalents. The restricted cash consisted of deposits as collateral for the issuance of letters of credit. Our subsidiaries that own these deposits do not have material cash obligations to any third parties. Therefore, the restriction does not impact our liquidity.

3 / 11

Operating Activities

Net cash used in operating activities was $8,470,131 for the six months ended June 30, 2013, compared with net cash used in operating activities of $8,297,972 in the same period in 2012. The increase of $172,159 in operating cash outflow was due to the received payment of $11.5 million from Ordos project in March 2013 and reduced by the prepayments to various suppliers for projects. Net accounts and notes receivable increased from $18,598,110 as of December 31, 2012 to $23,473,583 as of June 30, 2013, an increase of 26.2%. Current unbilled receivables increased from $27,954,525 as of December 31, 2012 to $32,346,776 as of June 30, 2013, an increase of 15.7%.

Investing Activities

Net cash provided by investing activities was $9,379,917 during the six months ended June 30, 2013, an increase of $9,486,306 from net cash used in investing activities of $106,389 in the same period of 2012. The increase was attributed to the advance payment from the real property buyer of Baoding. Currently we have no further plans to add capital expenditures.

Financing Activities

The cash provided by financing activities was $6,288,392 for the six months ended June 30, 2013, compared to cash provided by financing activities of $5,409,603 in the same period of 2012. The increase was due to the proceeds from bank borrowings, loan from third-party companies and noncontrolling shareholders.

Restricted Net Assets

Our ability to pay dividends is primarily dependent on receiving distributions of funds from our subsidiaries, VIEs and other affiliated entities, which is restricted by certain regulatory requirements. Relevant Chinese statutory laws and regulations permit payments of dividends by our Chinese affiliates only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, our PRC affiliates are required to set aside at least 10% of their after-tax profit after deducting any accumulated deficit based on PRC accounting standards each year to our general reserves until the accumulated amount of such reserves reach 50% of our registered capital. These reserves are not distributable as cash dividends. Our off-shore subsidiaries, TIS and Tri-Tech International Investment, Inc. (“TTII”), do not have material cash obligations to third parties. Therefore, the dividend restriction does not impact our liquidity. There is no significant difference between accumulated profit calculated pursuant to PRC accounting standards and our accumulated profit calculated pursuant to U.S. GAAP. As of June 30, 2013 and December 31, 2012, restricted retained earnings were $2,246,910 for both, and restricted net assets were $1,878,976 and $4,878,975, respectively. Unrestricted retained earnings as of June 30, 2013 and December 31, 2012 were $15,337,603 and $17,038,396, respectively, which were the amounts available for distribution in the form of dividends or for reinvestment.

4 / 11

Working Capital and Cash Flow Management

As of June 30, 2013, our working capital was $21,955,413, with current assets totaling $106,325,297 and current liabilities totaling $84,369,884.

We believe our current assets are sufficient to meet our capital requirements for the next 12 months. However, we may require additional cash to undertake larger projects or to complete strategic acquisitions in the future. In the event our current capital is insufficient to fund these and other business plans, we may take the following actions to meet such working capital needs:

· We may look into the possibility of optimizing our funding structure by obtaining short- and/or long-term debt through commercial loans. We are actively exploring opportunities with other major Chinese banks, and we expect to obtain additional lines of credit to pursue favorable project opportunities in the future. Other financing instruments into which we are currently looking include supply chain financing, project financing, trust fund financing and capital leasing.

· We may focus on improving our collection of accounts receivable. Most of our clients are central, provincial and local governments. We believe that our clients are in good financial conditions. Therefore, we expect good collectability from relatively high quality accounts receivables. The accounts receivable collection should catch up with our rapid growth in the near future. Given the high contractual interest rate on unpaid amounts for long-term projects, we expect that some clients may choose to pay before such interest starts to accrue.

· We avoided Build & Transfer projects, which tend to constrain our cash. We received a payment of $7.3 million from Ordos project in July 2013, which eased our cash flow pressure to some extent.

We plan to sell our real property in Baoding, along with all construction including the costs of construction and operation expended since acquisition for approximately $18 million. We acquired this property on November 26, 2010. The sale is expected to close before the end of 2013 and we expect to break even on the sale. We expect to use these funds to support our operating cash flow and to repay the corporate bond from financing cash flow.

5 / 11

Order Backlog and Pipeline

The Company’s backlog represents the amount of contract work remaining to be completed, that is, revenues from existing contracts and work in progress expected to be recognized in current period, based on the assumption that these projects will be completed on time according to the project schedules. The Company evaluates the ongoing projects regularly and updates the schedules as appropriate.

The following table provides backlog by segments for as of June 30, 2013 and December 31, 2012, respectively.

	June 30, 2013					December 31, 2012
	USD Million		% of Total Backlog			USD Million		% of Total Backlog			% Change
Segment 1:		36.6		66.3	%		38.7		64.4	%		(5.4	)%
Segment 2:		6.3		11.4	%		6.7		11.1	%		(6.4	)%
Segment 3:		12.3		22.3	%		14.7		24.5	%		(16.6	)%
Total		55.2		100.0	%		60.1		100.0	%		(8.2	)%

Pipeline represents the values of projects we have been actively pursuing. The pipeline as of June 30, 2013 and December 31, 2012 was as below:

	June 30, 2013					December 31, 2012
	USD Million		% of Total Pipeline			USD Million		% of Total Pipeline			% Change
Segment 1:		20.3		29.4	%		50.7		57.6	%		(60.0	)%
Segment 2:		18.5		26.8	%		2.5		2.8	%		640.0	%
Segment 3:		30.3		43.8	%		34.8		39.5	%		(12.9	)%
Total		69.1		100.0	%		88.0		100.0	%		(21.5	)%

6 / 11

Having a dynamic nature, the values of secured projects move from pipeline into backlog and backlog to revenue based on percentage of completion, sometimes simultaneously. The backlog decreased by $5.0 million from December 31, 2012 to June 30, 2013, because of the projects’ progress in the second quarter of 2013. Being rigorous in project selection also narrowed down the number of candidate projects.

Conference Call

Tri-Tech Chairman Warren Zhao, CEO Gavin Cheng, CFO & President Phil Fan and COO Peter Dongwill host a conference call at 9:00AM EDT, August 15, 2013, (9:00PM Beijing/Hong Kong Time on August 15, 2013) to review the company's financial results and outlook of operations, to discuss our growth strategies and to respond to questions and comments.

To participate, call U.S. toll free number (877) 941- 8416 approximately 10 minutes before the call. International callers, please dial 1 (480) 629 - 9808. The conference ID number is 4635095. A live and archived webcast of the call will be available at http://public.viavid.com/index.php?id=105720. 

7 / 11

-FINANCIAL TABLES –

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

	June 30, 2013			December 31,
	(Unaudited)			2012
ASSETS
Current assets
Cash*	$	5,506,711		$	8,098,657
Restricted cash*		14,095,989			4,352,443
Accounts and notes receivable, net of allowance for doubtful accounts of $1,735,507 and $1,475,771 as of June 30, 2013 and December 31, 2012, respectively*		31,841,682			18,598,110
Unbilled revenue*		23,978,677			27,954,525
Other current assets*		3,724,019			3,825,770
Inventories*		10,431,357			8,459,073
Deposits on projects*		1,193,325			1,469,550
Prepayments to suppliers and subcontractors*		15,553,537			9,353,490
Total current assets		106,325,297			82,111,618
Long-term unbilled revenue*		45,327,393			51,219,694
Long-term accounts receivable		746,583			413,770
Plant and equipment, net*		1,685,334			1,764,784
Construction in progress		5,786,168			5,359,466
Intangible assets, net*		10,684,790			10,902,932
Long-term restricted cash		2,582,777			3,464,524
Goodwill		1,441,278			1,441,278
Total Assets	$	174,579,620		$	156,678,066
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	6,669,304		$	5,890,511
Costs accrual on projects*		24,071,455			23,637,751
Advance from customers*		1,442,889			1,157,247
Advance from potential buyer of assets		8,979,565			-
Loans from third party companies and individuals*		10,214,396			6,400,659
Amount due to noncontrolling interest investor		6,817,202			9,047,068
Amount due to related party		1,682,143			1,656,420
Other payables*		663,962			461,258
Taxes payable*		6,362,946			5,577,533
Accrued liabilities*		504,185			485,354
Payable on investment consideration		582,966			582,966
Deferred income taxes*		1,803,240			1,782,786
Deferred revenue		241,193			289,485
Short-term bank borrowing (including VIE short-term borrowing of the consolidated VIEs without recourse to Tri-Tech Holdings of $9,108,192 and $2,754,158 as of June 30, 2013 and December 31, 2012, respectively)*		13,962,011			8,150,041
Total current liabilities		83,997,457			65,119,079
Noncurrent deferred income taxes		3,801,078			3,699,790
Long-term bank borrowings		13,545			17,976
Corporate Bond		7,935,122			7,935,122
Total Liabilities		95,747,202			76,771,967
Equity
Tri-Tech Holding Inc. shareholders' equity
Ordinary shares ($0.001 par value, 30,000,000 shares authorized; 8,274,506 and 8,259,506 shares issued as of June 30, 2013 and December 31, 2012, respectively; 8,253,406 and 8,238,406 shares outstanding as of June 30, 2013 and December 31, 2012, respectively)		8,274			8,259
Additional paid-in-capital		50,354,573			50,119,428
Statutory reserves		2,246,910			2,246,910
Retained earnings		15,337,603			17,038,396
Treasury shares (21,100 shares in treasury as of June 30, 2013 and December 31, 2012, respectively)		(193,750	)		(193,750	)
Accumulated other comprehensive income		5,774,960			5,086,827
Total Tri-Tech Holding Inc. shareholders' equity		73,528,570			74,306,070
Noncontrolling interests		5,303,848			5,600,029
Total equity		78,832,418			79,906,099
Total Liabilities and Equity	$	174,579,620		$	156,678,066

8 / 11

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	For The Three Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Revenues:
System integration		13,122,252			21,741,770
Hardware products		3,162,365			1,298,764
Total revenues		16,284,617			23,040,534
Cost of revenues
System integration		9,906,489			16,608,958
Hardware products		2,750,880			607,510
Total cost of revenues		12,657,369			17,216,468
Gross profit		3,627,248			5,824,066
Operating expenses:
Selling and marketing expenses		850,551			935,853
General and administrative expenses		2,643,040			3,247,546
Research and development expenses		182,912			11,528
Total operating expenses		3,676,503			4,194,927
(Loss) income from operations		(49,255	)		1,629,139
Other expense:
Other income (expense), net		(18,536	)		410,889
Interest income		18,903			40,770
Interest expense		(666,891	)		(559,158	)
Investment gain		-			73,149
Total other expenses		(666,524	)		(34,350	)
(Loss) income before provision for income taxes		(715,779	)		1,594,789
Provision for income taxes		99,644			287,062
Net (loss) income		(815,423	)		1,307,727
Less: Net loss attributable to noncontrolling interests		(213,403	)		(63,160	)
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders	$	(602,020	)	$	1,370,887
Net (loss) income		(815,423	)		1,307,727
Other comprehensive income
Foreign currency translation adjustment		985,913			95,884
Comprehensive  income		170,490			1,403,611
Less: Comprehensive loss attributable to noncontrolling interests		(111,230	)		(56,632	)
Comprehensive income attributable to Tri-Tech Holding Inc.	$	281,720		$	1,460,243
Weighted average number of ordinary shares outstanding:
Basic		8,253,406			8,207,427
Diluted		8,253,406			8,207,427
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders per share are:
Basic	$	(0.07	)	$	0.17
Diluted	$	(0.07	)	$	0.17

9 / 11

TRI-TECH HOLDING INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

	For The Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$	(2,062,680	)	$	2,740,416
Adjustments to reconcile net (loss) income to cash provided by operating activities:
Amortization of share-based compensation expense		235,145			530,588
Depreciation and amortization		643,102			582,513
Provision for doubtful accounts		228,656			243,367
Fair value change on contingent investment consideration		-			(7,000	)
Loss on disposal of plant and equipment		16,702			-
Gain on investment in joint venture		-			(78,558	)
Deferred income taxes		(41,007	)		472,578
(Increase) decrease in current assets :
Accounts receivable		(13,284,694	)		(3,492,534	)
Unbilled revenue		10,491,452			(11,925,515	)
Restricted cash		205,683			-
Other current assets		474,278			(907,482	)
Inventories		(1,964,231	)		1,164,228
Prepaid expenses		(21,095	)		(145,032	)
Prepayments		(5,575,111	)		(3,513,501	)
(Increase) decrease in current liabilities :
Accounts payable		592,229			(3,495,129	)
Notes payable		-			(871,833	)
Cost accrual on projects		753,716			4,560,906
Advance from customers		(232,865	)		1,392,326
Other payables		751,897			4,585,357
Taxes payable		398,981			(66,531	)
Accrued liabilities		(26,902	)		(67,136	)
Deferred revenue		(53,387	)		-
Net cash used in operating activities	$	(8,470,131	)	$	(8,297,972	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Restricted cash received		-			348,969
Restricted cash related to advance from potential buyer of assets		(8,979,565	)		-
Advance from potential buyer of assets		8,979,565
Payment in business acquisition		-			(35,273	)
Cash paid on investment consideration		-			(75,159	)
Cash acquired from business combination		-			31,336
Cash proceeds from disposal of PPE		27,405			-
Payment to purchase plant and equipment		(108,709	)		(205,204	)
Cash paid to acquire intangible asset		-			(36,970	)
Cash paid for construction in progress		(319,048	)		(164,126	)
Payment of loan to third-party companies		-			665,885
Collection of loan to third-party companies		-			(423,069	)
Net cash (used in) provided by investing activities	$	(400,352	)	$	106,389
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings		7,518,779			8,538,745
Payment of bank borrowing		(1,925,854	)		(1,753,987	)
Proceeds from amount due to shareholder		6,491
Proceeds from loan from third-party companies and individuals		5,712,976			215,620
Payment of loan from third-party companies and individuals		(2,125,078	)		(379,499	)
Proceeds from loan from  non-controlling shareholders					776,865
Payment of loan from non-controlling shareholders		(2,898,922	)		(1,988,141	)
Net cash provided by financing activities	$	6,288,392		$	5,409,603
EFFECTS OF EXCHANGE RATE CHANGE IN CASH		(9,855	)		408,797
DECREASE IN CASH	$	(2,591,946	)	$	(2,373,183	)
CASH, beginning of the period		8,098,657			11,935,746
CASH, end of the period		5,506,711			9,562,563
Supplemental disclosure for cash flow information:
Income taxes paid		108,777			154,361
Interest paid on debt		836,104			386,107
Supplemental disclosure for noncash investing activity:
Issued 30,207 and 35,974 ordinary shares as one of the consideration in business combination		-			229,875
Gain on long-term investment to India Joint Venture		-			78,558
Fair value change on contingent consideration payable		-			7,000

10 / 11

About Tri-Tech Holding Inc.

Tri-Tech is an innovative provider of consulting, engineering, procurement, construction and technical services. The Company supports government, state owned entities and commercial clients by providing efficiency oriented solutions focused on treatment of water and waste water, management of water resources and water-efficient irrigation, as well as industrial emission and safety controls. With software copyrights, product patents, and capable employees in China, the U.S. and India, Tri-Tech’s capabilities span the cycle of innovation. Please visit www.tri-tech.cn for more information.

An online investor kit including a company profile, presentations, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.tri-tech.cn/ir. To subscribe to future releases via e-mail alert, visit http://www.tri-tech.cn/ir/info/request .

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information, please contact:

Tri-Tech Holding Inc.

www.tri-tech.cn
IR Department
+86 10 57323666
ir@tri-tech.cn

11 / 11

XML

Advance from Potential Buyer of Assets (Details) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds from potential asset sales	$ 8,979,565
Corporate bond	7,935,122		7,935,122
Baoding Real Property [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition price	18,700,000
Carrying value of the assets for sale	18,700,000
Land use right	5,500,000
Construction in progress	5,700,000
Prepayments	1,100,000
Committed contract	$ 6,200,000

XML

Deposits on Projects (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Current:
Contract deposit	$ 772,038		$ 867,835
Bidding deposit	421,287		601,715
Total	$ 1,193,325	[1]	$ 1,469,550

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

XML

Plant and Equipment, Net (Details) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012	Jun. 30, 2013		Jun. 30, 2012	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Total plant and equipment	$ 2,850,455			$ 2,850,455			$ 2,774,326
Less accumulated depreciation	(1,165,121)			(1,165,121)			(1,009,542)
Plant and equipment, net	1,685,334	[1]		1,685,334	[1]		1,764,784
Depreciation expense	88,332		83,095	175,504		154,638
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Total plant and equipment	741,209			741,209			646,920
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Total plant and equipment	916,893			916,893			1,016,529
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total plant and equipment	455,944			455,944			445,740
Buildings [Member]
Property, Plant and Equipment [Line Items]
Total plant and equipment	276,796			276,796			271,507
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total plant and equipment	221,104			221,104			159,678
Leasehold improvement [Member]
Property, Plant and Equipment [Line Items]
Total plant and equipment	$ 238,509			$ 238,509			$ 233,952

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

XML

Commitments and Contingencies (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Commitments and Contingencies Disclosure [Line Items]
Operating leases, rental expenses	$ 254,380	$ 279,806
Capital Commitment	$ 6,500,000		$ 6,500,000
Product warranty, term			1 year
Minimum [Member]
Commitments and Contingencies Disclosure [Line Items]
Operating leases, term			1 year
Maximum [Member]
Commitments and Contingencies Disclosure [Line Items]
Operating leases, term			5 years

XML

Corporate Bond (Details) (Corporate bond [Member])	3 Months Ended		6 Months Ended		1 Months Ended
	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Sep. 27, 2012 TTB [Member] USD ($)	Sep. 27, 2012 TTB [Member] CNY
Debt Instrument [Line Items]
Debt issued					$ 7,940,000	50,000,000
Term					3 years	3 years
Interest rate					6.20%	6.20%
Interest expenses	$ 124,527		$ 246,273

XML

Income Taxes (Schedule of Income Tax Reconciliation) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Abstract]
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%
Taxable (loss) income	$ (715,779)	$ 1,594,789	$ (1,908,287)	$ 3,341,971
Computed expected income tax expense	(178,945)	398,697	(477,072)	835,493
Effect of different tax rates	(66,072)	(111,635)	(106,019)	(233,938)
Effect of operation loss	344,661		711,442
Nondeductible items			26,042
Total income tax expense	$ 99,644	$ 287,062	$ 154,393	$ 601,555

XML

Prepayments to suppliers and subcontractors

6 Months Ended

Jun. 30, 2013

Prepayments to suppliers and subcontractors [Abstract]

Prepayments to suppliers and subcontractors

11. Prepayments to suppliers and subcontractors

	June 30, 2013		December 31,
	(Unaudited)		2012
Prepayments to suppliers and subcontractors	$	15,553,537	$	9,353,490
Total	$	15,553,537	$	9,353,490

Prepayments to suppliers and subcontractors represent prepayments to the Company's suppliers for the purchase of equipments for the projects and to the subcontractors for the construction of projects.

XML

Amount Due to Noncontrolling Interest Investor (Tables)

6 Months Ended

Jun. 30, 2013

Amount Due To Noncontrolling Interest Investor [Abstract]

Amount Due To Noncontrolling Interest Investor

The amount due to noncontrolling interest investor as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Principal	$	4,407,268	$	7,354,271
Interest payable to noncontrolling interest investor		2,409,934		1,692,797
Total	$	6,817,202	$	9,047,068

XML

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
System integration	$ 13,122,252	$ 21,741,770	$ 22,259,410	$ 40,274,432
Hardware products	3,162,365	1,298,764	4,504,035	1,987,414
Total revenues	16,284,617	23,040,534	26,763,445	42,261,846
Cost of revenues
System integration	9,906,489	16,608,958	17,086,875	30,193,175
Hardware products	2,750,880	607,510	3,714,629	1,027,105
Total cost of revenues	12,657,369	17,216,468	20,801,504	31,220,280
Gross profit	3,627,248	5,824,066	5,961,941	11,041,566
Operating expenses:
Selling and marketing expenses	850,551	935,853	1,895,077	1,774,846
General and administrative expenses	2,643,040	3,247,546	5,542,051	6,100,906
Research and development expenses	182,912	11,528	192,074	80,398
Total operating expenses	3,676,503	4,194,927	7,629,202	7,956,150
(Loss) Income from operations	(49,255)	1,629,139	(1,667,261)	3,085,416
Other income (expense):
Other income (expense), net	(18,536)	410,889	1,168,812	1,083,384
Interest income	18,903	40,770	29,171	82,544
Interest expense	(666,891)	(559,158)	(1,439,009)	(994,931)
Fair Value change on contingent investment consideration				7,000
Investment gain		73,149		78,558
Total other income (expenses)	(666,524)	(34,350)	(241,026)	256,555
(Loss) Income before provision for income taxes	(715,779)	1,594,789	(1,908,287)	3,341,971
Provision for income taxes	99,644	287,062	154,393	601,555
Net (loss) income	(815,423)	1,307,727	(2,062,680)	2,740,416
Less: Net loss attributable to noncontrolling interests	213,403	63,160	361,887	68,596
Net (loss) income attribtable to Tri-Tech Holding Inc. shareholders	(602,020)	1,370,887	(1,700,793)	2,809,012
Foreign currency translation adjustment	985,913	95,884	753,839	289,237
Comprehensive (loss) income	170,490	1,403,611	(1,308,841)	3,029,653
Less: Comprehensive (loss) income attributable to noncontrolling interests	111,230	56,632	296,181	48,203
Comprehensive (loss) income attributable to Tri-Tech Holding Inc.	$ 281,720	$ 1,460,243	$ (1,012,660)	$ 3,077,856
Weighted average number of ordinary shares outstanding:
Basic	8,253,406	8,207,427	8,252,080	8,194,813
Diluted	8,253,406	8,207,427	8,252,080	8,194,813
Net (loss) income attributable to Tri-Tech Holding Inc. shareholders per share are:
Basic	$ (0.07)	$ 0.17	$ (0.21)	$ 0.34
Diluted	$ (0.07)	$ 0.17	$ (0.21)	$ 0.34

XML

Variable Interest Entities

6 Months Ended

Jun. 30, 2013

Variable Interest Entities [Abstract]

Variable Interest Entities

4. Variable Interest Entities

VIEs are entities that have either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. TRIT is deemed to have a controlling financial interest and be the primary beneficiary of the entities mentioned in Note 1 above, because it has both of the following characteristics:

1. power to direct activities of a VIE that most significantly impact the entity's economic performance, and

2. obligation to absorb losses of the entity that could potentially be significant to the VIE or right to receive benefits from the entity that could potentially be significant to the VIE.

TRIT's VIEs include: Tranhold, Yanyu and BSST. TRIT is involved in each VIE and understands the purpose an d design of these entities. It also performs a significant role in these entities' ongoing business. It is obligated to absorb losses of the VIE entities as well as benefit from them. Therefore, the VIEs are consolidated in the Company's consolidated financial statements. These VIEs are continually monitored by the Company to determine if any events have occurred that could cause its primary beneficiary status to change.

On July 26, 2010, the Company signed and executed with BSST a series of contractual agreements with a 25-year, renewable term. These contractual agreements require the pledge of the original shareholders' equity interests and share certificates of the VIEs. At any time during the agreement period, the Company has absolute rights to acquire any portion of the equity interests of those VIEs under no-cost conditions. On August 6, 2010, the effective date of the agreements, the Company became the primary beneficiary of BSST. At the same time, the Company paid the consideration of $3.8 million, including $1,447,000 in cash and 260,000 in the Company's ordinary shares at the market value of $8.98 per share in the amount of $2,334,800. The Company will expand its market in the petrochemical industries through BSST since it is a consulting, engineering, design, system integration and project management services company specializing in the fields of control and instrument automation, safety and emergency response for the oil, gas and petrochemical industries.

These agreements consist of the following:

Exclusive Technical and Consulting Service Agreement - Each of Yanyu, Tranhold and BSST has entered into an Exclusive Technical and Consulting Service Agreement with TTB, which agreement provides that TTB will be the exclusive provider of technical and consulting services to Yanyu, Tranhold and BSST, as appropriate, and that each of them will in turn pay 90% of its profits (other than net profits allocable to the State-Owned Entities ("SOE") Shareholder of Yanyu) to TTB for such services. In addition to such payment, Yanyu, Tranhold and BSST agree to reimburse TTB for TTB's expenses (other than TTB's income taxes) incurred in connection with its provision of services under the agreement. Payments will be made on a quarterly basis, with any overpayment or underpayment to be reconciled once each of Tranhold's, Yanyu's and BSST's annual net profits, as applicable, are determined at its fiscal year end. Any payment from TTB to TTII would need to comply with applicable Chinese laws affecting payments from Chinese companies to non-Chinese companies. Although based on this agreement TTB is only entitled to 90% of net profits (other than net profits allocable to the SOE Shareholder of Yanyu), TTB also entitled the remaining share of the net profits of the VIEs through dividends per the Proxy Agreement as discussed below. The Company relies on dividends paid by TTB for its cash needs, and TTB relies on payments from Yanyu, Tranhold and BSST to be able to pay such dividends to the Company.

Management Fee Payment Agreement - Each of the shareholders of Yanyu, Tranhold and BSST (other than Beijing Yanyu Communications Telemetry United New Technology Development Department, a Chinese State Owned Entity (the "SOE Shareholder") of Yanyu) has entered into a Management Fee Payment Agreement, which provides that, in the event TTB exercises its rights to purchase the equity interests of the Yanyu or Tranhold or BSST shareholders (other than those owned by the SOE Shareholder of Yanyu) under the Equity Interest Purchase Agreements, such shareholders shall pay a Management Fee to TTB in an amount equal to the amount of the Transfer Fee received by the such shareholders under the Equity Interest Purchase Agreement.

Proxy Agreement - Each of the shareholders of Yanyu, Tranhold and BSST (other than the SOE Shareholder of Yanyu) has executed a Proxy Agreement authorizing TTB to exercise any and all shareholder rights associated with his ownership in Yanyu or Tranhold or BSST, as appropriate, including the right to attend shareholders' meetings, the right to execute shareholders' resolutions, the right to sell, assign, transfer or pledge any or all of the equity interest in Yanyu or Tranhold or BSST, as appropriate, and the right to vote such equity interest for any and all matters.

Equity Interest Pledge Agreement - TTB and the shareholders of each of Tranhold, BSST and Yanyu, (other than the SOE Shareholder of Yanyu) have entered in Equity Interest Pledge Agreements, pursuant to which each such shareholder pledges all of his shares of Tranhold, Yanyu or BSST, as appropriate, to TTB. If Tranhold, Yanyu or BBST or any of its respective shareholders (other than the SOE Shareholder of Yanyu) breaches its respective contractual obligations, TTB, as pledgee, will be entitled to certain rights, including the right to foreclose on the pledged equity interests. Such Tranhold, BSST and Yanyu shareholders have agreed not to dispose of the pledged equity interests or take any actions that would prejudice TTB's interest. According to this agreement, TTB has absolute rights to obtain any and full dividends related to the equity interest pledged during the term of the pledge.

Exclusive Equity Interest Purchase Agreement - Each of the shareholders of Tranhold, Yanyu and BSST (other than the SOE Shareholder of Yanyu) has entered into an Exclusive Equity Interest Purchase Agreement, which provides that TTB will be entitled to acquire such shares from the current shareholders upon certain terms and conditions, if such a purchase is or becomes allowable under PRC laws and regulations. The Exclusive Equity Interest Purchase Agreement also prohibits the current shareholders of each of Tranhold, Yanyu and BSST, (other than the SOE Shareholder of Yanyu) from transferring any portion of their equity interests to anyone other than TTB. TTB has not yet taken any corporate action to exercise this right of purchase, and there is no guarantee that it will do so or will be permitted to do so by applicable law at such time as it may wish to do so.

Operating Agreements - TTB, Tranhold, Yanyu and each of their respective shareholders (other than the SOE Shareholder of Yanyu) have entered into an Operating Agreement on July 3, 2009, TTB, BSST and each of their respective shareholders have entered into an Operating Agreement on July 26, 2010, which requires TTB to guarantee the obligations of each of Tranhold, Yanyu and BSST in their business arrangements with third parties. Each of Tranhold, Yanyu and BSST, in return, agrees to pledge its accounts receivable and all of its assets to TTB. Moreover, each of Tranhold, Yanyu and BSST, agrees that without the prior consent of TTB, such company will not engage in any transactions that could materially affect its assets, liabilities, rights or operations, including, without limitation, incurrence or assumption of any indebtedness, sale or purchase of any assets or rights, incurrence of any encumbrance on any of its assets or intellectual property rights in favor of a third party or transfer of any agreements relating to its business operation to any third party. Pursuant to these operating agreements, TTB provides guidance and instructions on each of Tranhold, Yanyu and BSST's daily operations and financial affairs. The contracting shareholders of each of Tranhold, Yanyu and BSST, must designate the candidates recommended by TTB as their representatives on their respective boards of directors. TTB has the right to appoint and remove senior executives of each of Tranhold, Yanyu and BSST.

Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company's general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets; rather, they represent claims against the specific assets of the consolidated VIEs.

The Company is the primary beneficiary of Tranhold, Yanyu and BSST, VIEs. Accordingly, the assets and liabilities of VIEs are included in the accompanying consolidated balance sheets.

The Company reports VIEs' portion of consolidated net income and shareholders' equity as noncontrolling interests in the consolidated financial statements.

The total assets and liabilities of our consolidated VIEs as of June 30, 2013 and December 31, 2012 are shown as below, which exclude intercompany balances that are eliminated among the VIEs.

	June 30, 2013			December 31,
	(Unaudited)			2012
ASSETS
Current assets
Cash	$	3,215,201		$	2,346,543
Restricted cash		6,648,207			521,302
Accounts and notes receivable, net		31,630,563			18,171,800
Unbilled revenue		2,897,769			8,568,681
Other receivables		15,366,871			17,210,742
Inventories		8,128,800			6,741,246
Deposits on projects		1,006,604			1,296,163
Prepayments to suppliers and subcontractors		13,388,573			9,506,484
Total current assets		82,282,588			64,362,961
Long-term unbilled revenue		1,060,633			1,040,367
Plant and equipment, net		615,781			684,067
Intangible assets, net		3,706,137			3,848,986
Total Assets	$	87,665,139		$	69,936,381
LIABILITIES AND EQUITY
Current liabilities
Accounts payable		7,502,954			7,844,856
Costs accrual on projects		12,053,904			8,650,053
Advance from customers		12,328,749			10,192,513
Loan from third party companies and individual		2,508,073			1,781,717
Other payables		24,301,034			18,539,234
Tax payable		4,095,939			2,865,250
Deferred income taxes		(369,513	)		329,899
Short-term bank borrowing		9,108,192			2,754,158
Total current liabilities		71,529,332			52,957,680
Total Liabilities	$	71,529,332		$	52,957,680

For the three-month period ended June 30, 2013, the financial performance of the VIEs reported in the consolidated statements of operations and comprehensive income/(loss) includes sales of approximately US$10,347,917, cost of sales of approximately US$8,019,390, operating expenses of approximately US$1,859,648 and net income of approximately US$ 335,224.

For the three-month period ended June 30, 2012, the financial performance of the VIEs reported in the consolidated statements of operations and comprehensive income includes sales of approximately US$11,126,084, cost of sales of approximately US$8,703,571, operating expenses of approximately US$1,898,762 and net income of approximately US$ 351,712.

For the six-month period ended June 30, 2013, the financial performance of the VIEs reported in the consolidated statements of operations and comprehensive income/(loss) includes sales of approximately US$16,855,729, cost of sales of approximately US$13,172,768, operating expenses of approximately US$3,921,871 and net loss of approximately US$478,025 .

For the six-month period ended June 30, 2012, the financial performance of the VIEs reported in the consolidated statements of income and comprehensive income includes sales of approximately US$21,896,713, cost of sales of approximately US$17,131,745, operating expenses of approximately US$3,798,806 and net income of approximately US$576,092.

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Loans from Third-party Companies and Individual

6 Months Ended

Jun. 30, 2013

Loans From Third Party Companies And Individual [Abstract]

Loans from Third-party Companies and Individual

18. Loans from Third-party Companies and Individuals

The loans from third-party companies and individual as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Nuwell Asia Limited	$	200,000	$	500,000
Lin Bin		1,150,000		1,150,000
Beijing Liyuanshida Technology Co., Ltd		5,945,162		2,968,941
Xuzhou Weisi water technology co., LTD		-		643,697
Beijing Sridi Technology Co., Ltd		-		325,584
China automation control co., LTD		50,285		241,345
Loan from employees		2,072,803		-
Other		796,146		571,092
Total	$	10,214,396	$	6,400,659

The interest rate of loan from Beijing Liyuanshida Technology Co., Ltd and Lin Bin is 0% and 2.0% respectively. The interest rate of loan from employees is 1.5% and with the term range from 3 to 12 months. All loans are payable on demand except loan from employees.

The interest expense was $159,594 and $45,000 for the three-month ended June 30, 2013 and 2012, respectively. The interest expense was $185,117 and $74,305 for the six-month ended June 30, 2013 and 2012, respectively.

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Subsequent Event (Details) (Subsequent Event [Member], USD $)	Jul. 19, 2013
Subsequent Event [Member]
Subsequent Event [Line Items]
Aggregate worth of shares authorized	$ 302,406.58
Number of shares authorized	196,368
Closing price	$ 1.54

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Variable Interest Entities (Details) (USD $)	1 Months Ended	6 Months Ended		0 Months Ended	1 Months Ended
	Nov. 28, 2008	Jun. 30, 2013	Jun. 30, 2012	Aug. 06, 2010 Variable Interest Entity Primary Beneficiary [Member] Beijing Satellite Science And Technology Company Limited [Member]	Jul. 26, 2010 Variable Interest Entity Primary Beneficiary [Member] Beijing Satellite Science And Technology Company Limited [Member]
Variable Interest Entity [Line Items]
Contractual agreement, renewable term	25 years				25 years
Consideration paid				$ 3,800,000
Payment in cash				1,447,000
Payment in ordinary shares		30,207	35,974	260,000
Ordinary shares, market value per share				$ 8.98
Total amount of ordinary shares			$ 229,875	$ 2,334,800
Exclusive Technical and Consulting Service Agreement, percentage of profit turn in				90.00%

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Bank Borrowings (Tables)

6 Months Ended

Jun. 30, 2013

Bank Borrowings [Abstract]

Schedule of Bank Borrowings

The table below presents the bank borrowing interest rates and the amount borrowed as of June 30, 2013 and December 31, 2012.

Bank Name	Annual Interest Rate			Terms			As of June 30, 2013 (Unaudited)		As of December 31, 2012
Citic Bank		7.800	%		2012-12-6	2013-12-6	$	4,853,819	$	4,761,073
Bank of Hangzhou		7.872	%		2012-3-20	2013-3-19		-		634,810
Bank of Hangzhou		7.872	%		2012-4-19	2013-4-18		-		36,406
Bank of Hangzhou		7.216	%		2012-4-28	2013-4-26		-		337,216
China Merchants Bank		7.200	%		2012-8-31	2013-8-31		1,175,617		1,946,666
Bank of Hangzhou		6.442	%		2013-1-3	2014-1-4		589,739		-
China Merchants Bank		7.135	%		2013-3-16	2014-2-15		808,970		-
Industrial and Commercial Bank of China		6.420	%		2013-1-31	2013-7-30		1,836,362		-
Bank of Hangzhou		6.000	%		2013-4-1	2014-3-30		647,176		-
Industrial and Commercial Bank of China		6.000	%		2013-6-27	2014-6-26		1,617,940		-
China Merchants Bank		7.200	%		2012-8-31	2013-8-30		442,322		433,870
Industrial and Commercial Bank of China		5.880	%		2013-3-15	2013-9-13		970,764		-
Industrial and Commercial Bank of China		5.600	%		2013-6-25	2013-12-24		1,019,302		-
Total short-term bank borrowings							$	13,962,011	$	8,150,041
ICICI BANK LTD. (Scorpio)		11.990	%		2012-5-1	2016-4-30		7,605		9,460
ICICI BANK LTD. (VENTO)		12.250	%		2012-1-15	2015-1-14		5,940		8,516
Total long-term bank borrowings							$	13,545	$	17,976

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Plant and Equipment, Net

6 Months Ended

Jun. 30, 2013

Plant and Equipment, Net [Abstract]

Plant and Equipment, Net

12. Plant and Equipment, Net

Plant and equipment consist of the following:

	June 30,2013			December 31,
	(Unaudited)			2012
Office equipment	$	741,209		$	646,920
Automobiles		916,893			1,016,529
Furniture and fixtures		455,944			445,740
Buildings		276,796			271,507
Machinery and Equipment		221,104			159,678
Leasehold improvement		238,509			233,952
Total plant and equipment		2,850,455			2,774,326
Less: accumulated depreciation		(1,165,121	)		(1,009,542	)
Plant and equipment, net	$	1,685,334		$	1,764,784

The depreciation expense for the quarter ended June 30, 2013 and 2012 amounted to $88,332 and $83,095, respectively.

The depreciation expense for the six months ended June 30, 2013 and 2012 amounted to $175,504 and $154,638, respectively.

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Loans from Third Party Companies and Individual (Details) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012	Jun. 30, 2013		Jun. 30, 2012	Dec. 31, 2012
Short-term Debt [Line Items]
Loan from third-party companies and individual	$ 10,214,396	[1]		$ 10,214,396	[1]		$ 6,400,659
Interest rate	1.50%			1.50%
Interest expense	159,594		45,000	185,117		74,305
Minimum [Member]
Short-term Debt [Line Items]
Term				1 month
Maximum [Member]
Short-term Debt [Line Items]
Term				12 months
Nuwell Asia Limited [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual	200,000			200,000			500,000
Lin Bin [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual	1,150,000			1,150,000			1,150,000
Interest rate	2.00%			2.00%
Beijing Liyuanshida Technology Co., LTD [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual	5,945,162			5,945,162			2,968,941
Interest rate	0.00%			0.00%
Xuzhou Weisi Water Technology Co., LTD [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual							643,697
Beijing Sridi Technology Co., LTD [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual							325,584
China Automation Control Co., LTD [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual	50,285			50,285			241,345
Loan from employees [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual	2,072,803			2,072,803
Interest rate	1.50%			1.50%
Loan from employees [Member] | Minimum [Member]
Short-term Debt [Line Items]
Term				3 months
Loan from employees [Member] | Maximum [Member]
Short-term Debt [Line Items]
Term				12 months
Other [Member]
Short-term Debt [Line Items]
Loan from third-party companies and individual	$ 796,146			$ 796,146			$ 571,092

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Plant and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2013

Plant and Equipment, Net [Abstract]

Plant and Equipment

Plant and equipment consist of the following:

	June 30,2013			December 31,
	(Unaudited)			2012
Office equipment	$	741,209		$	646,920
Automobiles		916,893			1,016,529
Furniture and fixtures		455,944			445,740
Buildings		276,796			271,507
Machinery and Equipment		221,104			159,678
Leasehold improvement		238,509			233,952
Total plant and equipment		2,850,455			2,774,326
Less: accumulated depreciation		(1,165,121	)		(1,009,542	)
Plant and equipment, net	$	1,685,334		$	1,764,784

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Intangible Assets, Net (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Intangible Assets, Net [Abstract]
Amortization expense	$ 129,110	$ 213,936	$ 258,221	$ 427,875

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2013

Income Taxes [Abstract]

Applicable Statutory Tax Rates

The applicable statutory tax rates for our subsidiaries and VIEs in the PRC are as follows:

	Three Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-14	%		18	%

	Six Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-8	%		18	%

Provision for Income Tax Expense and Benefit from Operations

The provision for income tax expense (benefit) from operations consists of the following:

	Three Months Ended June 30,
	(Unaudited)
	2013			2012
Current:
Overseas		-			72,989
PRC	$	-		$	-
Deferred:
Overseas		(14,026	)		-
PRC		113,670			214,073
Total income tax expense	$	99,644		$	287,062

	Six Months Ended June 30,
	(Unaudited)
	2013			2012
Current:
Overseas		-			72,989
PRC	$	-		$	-
Deferred:
Overseas		(28,050	)		-
PRC		182,443			528,566
Total income tax expense	$	154,393		$	601,555

Significant Components of Deferred Tax Liabilities

Significant components of the Company's deferred tax liabilities are as follows:

	June 30, 2013		December 31, 2012
	(Unaudited)		(Audited)
Current:
Deferred tax liabilities:
Revenue recognition based on percentage of completion		1,803,240		1,782,786
Total net deferred tax liabilities	$	1,803,240	$	1,782,786
Long-term:
Deferred tax liabilities:		-		-
Revenue recognition based on percentage of completion		394,304		435,314
Intangible assets valuation in business combination		3,406,774		3,264,476
Total net deferred tax liabilities	$	3,801,078	$	3,699,790

Income Tax Reconciliation

Income tax reconciliation for the three months ended June 30, 2013 and 2012 are as follows:

	Three Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
PRC federal statutory tax rate		25	%		25	%
Taxable (loss) income	$	(715,779	)	$	1,594,789
Computed expected income tax expense		(178,945	)		398,697
Effect of different tax rates		(66,072	)		(111,635	)
Effect of operation loss		344,661			-
Nondeductible items		-			-
Income tax expense	$	99,644		$	287,062

	Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
PRC federal statutory tax rate		25	%		25	%
Taxable (loss) income	$	(1,908,287	)	$	3,341,971
Computed expected income tax expense		(477,072	)		835,493
Effect of different tax rates		(106,019	)		(233,938	)
Effect of operation loss		711,442			-
Nondeductible items		26,042			-
Income tax expense	$	154,393		$	601,555

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Subsequent Event

6 Months Ended

Jun. 30, 2013

Subsequent Event [Abstract]

Subsequent Event

32. Subsequent Event

The Board of Directors authorizes the issuance of ordinary shares worth, in the aggregate, $302,406.58 to Seller. A total of 196,368 ordinary shares shall be issued, such number being equal to $302,406.58 divided by a closing price of $1.54 per share on the date the Board of Directors electronically consented to such issuance, July 19, 2013.

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Other Payables

6 Months Ended

Jun. 30, 2013

Other Payables [Abstract]

Other Payables

21. Other Payables

Other payables were non-project related as shown below:

	June 30,2013		December 31,
	(Unaudited)		2012
Corporate bond interest payable	$	281,951	$	130,745
Others		382,011		330,513
Total	$	663,962	$	461,258

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Amount Due to Noncontrolling Interest Investor

6 Months Ended

Jun. 30, 2013

Amount Due To Noncontrolling Interest Investor [Abstract]

Amount Due to Noncontrolling Interest Investor

20. Amount Due to Noncontrolling Interest Investor

The amount due to noncontrolling interest investor as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Principal	$	4,407,268	$	7,354,271
Interest payable to noncontrolling interest investor		2,409,934		1,692,797
Total	$	6,817,202	$	9,047,068

The amount due to noncontrolling interest investor, $4,407,268, was the principal amount for short-term loan from the minority interest investor from TTA. The monthly interest rate is 1.5%, with terms ranging from 1 month to 12 months. The purpose of this short-term loan was mainly to reduce temporary operational cash pressure.

The noncontrolling interest investor interest expenses for the three months ended June 30, 2013 and 2012 were $197,503 and $ 289,660, respectively.

The noncontrolling interest investor interest expenses for the six months ended June 30, 2013 and 2012 were $522,469 and $ 549,011, respectively.

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Income Taxes (Schedule of Significant Components of Net Deferred Tax Assets and Liabilities) (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Schedule of Deferred Tax Assets and Liabilities [Line Items]
Total current net deferred tax liabilities	$ 1,803,240	[1]	$ 1,782,786
Total noncurrent net deferred tax liabilities	3,801,078		3,699,790
Current Liabilities [Member]
Schedule of Deferred Tax Assets and Liabilities [Line Items]
Revenue recognition based on percentage of completion	1,803,240		1,782,786
Noncurrent Liabilities [Member]
Schedule of Deferred Tax Assets and Liabilities [Line Items]
Revenue recognition based on percentage of completion	394,304		435,314
Intangible assets valuation in business combination	$ 3,406,774		$ 3,264,476

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Deposits on Projects (Tables)

6 Months Ended

Jun. 30, 2013

Deposits on Projects [Abstract]

Deposits on Projects

Deposits on Projects consisted of the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Current:
Contract deposit	$	772,038	$	867,835
Bidding deposit		421,287		601,715
Total	$	1,193,325	$	1,469,550

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Net (Loss) Income per Ordinary Share

6 Months Ended

Jun. 30, 2013

Net (Loss) Income per Ordinary Share [Abstract]

Net (Loss) Income per Ordinary Share

28. Net (Loss) Income per Ordinary Share

The following table presents a reconciliation of basic and diluted net (loss) income per share:

	Three months ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Net income attributable to Tri-Tech Holding Inc	$	(602,020	)	$	1,370,887
Weighted-average shares of ordinary share used to compute basic net income per share		8,253,406			8,207,427
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants		-			-
Dilutive effect of employee stock options		-			-
Shares used in computing diluted net income per ordinary share		8,253,406			8,207,427
Basic net income per ordinary share	$	(0.07	)	$	0.17
Diluted net income per ordinary share	$	(0.07	)	$	0.17

	Six months ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Net income attributable to Tri-Tech Holding Inc	$	(1,700,793	)	$	2,809,012
Weighted-average shares of ordinary share used to compute basic net income per share		8,252,080			8,194,813
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants		-			-
Dilutive effect of employee stock options		-			-
Shares used in computing diluted net income per ordinary share		8,252,080			8,194,813
Basic net income per ordinary share	$	(0.21	)	$	0.34
Diluted net income per ordinary share	$	(0.21	)	$	0.34

All warrants and options have anti-dilutive effect due to the fact that the weighted average exercise price per share of these warrants and options are higher than the weighted average market price per share of ordinary shares during the three and six months ended June 30, 2013.

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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies [Abstract]

Estimated Useful Lives of Plant and Equipment

Estimated useful lives of the Company's assets are as follows:

Asset	Useful Life
Buildings and improvements	40-50 years
Transportation equipment	5-10 years
Machinery	10 years
Office equipment	5 years
Furniture	5 years

Intangible Assets Expected Useful Economic Lives

The Company amortizes acquired intangible assets with definite lives on a straight-line basis over their expected useful economic lives. The Company also performs impairment test if events or changes in circumstances indicate that the assets might be impaired.

	Useful Life
Proprietary technology relating to sewage, municipal solid waste treatment and tail gas purification	20 years
Proprietary technology relating to low energy consumption data transmission system	20 years
Large region environmental management system	10 years
Mobile web management system	10 years
Database management system	10 years
Pollution reduction checking assistant	10 years
Water pollution control infrastructure	10 years
Software-gas flow	20 years
Software-oil mixing	20 years
Software-crude blending	10 years
Customer relationship	5 years
Land use right	50 years
Know-how	8-10 years
Contract backlog	1 year

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Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2013

Intangible Assets, Net [Abstract]

Original Costs and Accumulated Amortization of Intangible Assets

The original costs and accumulated amortization as of June 30, 2013 and December 31, 2012 are as follows:

	June 30,2013			December 31,
	(Unaudited)			20112
Patents	$	2,192,093		$	2,150,207
Software		2,934,943			2,878,862
Customer list		1,293,804			1,280,356
Land use right		5,835,504			5,724,001
Know-how		1,228,774			1,218,479
Contract backlog		59,863			58,719
Total intangible assets		13,544,981			13,310,624
Less accumulated amortization		(2,860,191	)		(2,407,692	)
Intangible assets, net	$	10,684,790		$	10,902,932

Amortization Expense

The amortization expense for the following five years and thereafter is expected to be as follows:

For the Years Ended December 31,	Amount
Remainder of 2013	$	412,054
2014		823,419
2015		823,419
2016		613,498
2017		564,331
Thereafter		7,448,069
Total	$	10,684,790

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Taxes [Abstract]

Income Taxes

25. Income Taxes

We are subject to income taxes on the entity level for income arising in or derived from the tax jurisdictions in which each entity is domiciled. According to the New Enterprise Income Tax Law ("NEITL") in China, the unified Enterprise Income Tax rate is 25%. However, five of our eight subsidiaries and VIEs in China are subject to certain favorable tax policies as high-tech companies. The effective income tax rate for the three-month period ended June 30, 2013 was -14%.

The applicable statutory tax rate for our subsidiaries in India is 42.024%. The Company has not recorded tax provision for U.S. tax purposes as it has no profits arising in or derived from the United States and intends to reinvest accumulated earnings in its PRC operations.

The applicable statutory tax rates for our subsidiaries and VIEs in the PRC are as follows:

	Three Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-14	%		18	%

	Six Months Ended June 30,  (Unaudited)
	2013			2012
TTB		15	%		15	%
BSST		15	%		15	%
Yanyu		15	%		15	%
Tranhold		25	%		25	%
TTA		25	%		25	%
Baoding		15	%		15	%
Yuanjie		15	%		15	%
Buerjin		25	%		25	%
Xushui		25	%		25	%
Consolidated Effective Income Tax Rate		-8	%		18	%

The provision for income tax expense (benefit) from operations consists of the following:

	Three Months Ended June 30,
	(Unaudited)
	2013			2012
Current:
Overseas		-			72,989
PRC	$	-		$	-
Deferred:
Overseas		(14,026	)		-
PRC		113,670			214,073
Total income tax expense	$	99,644		$	287,062

	Six Months Ended June 30,
	(Unaudited)
	2013			2012
Current:
Overseas		-			72,989
PRC	$	-		$	-
Deferred:
Overseas		(28,050	)		-
PRC		182,443			528,566
Total income tax expense	$	154,393		$	601,555

Significant components of the Company's deferred tax liabilities are as follows:

	June 30, 2013		December 31, 2012
	(Unaudited)		(Audited)
Current:
Deferred tax liabilities:
Revenue recognition based on percentage of completion		1,803,240		1,782,786
Total net deferred tax liabilities	$	1,803,240	$	1,782,786
Long-term:
Deferred tax liabilities:		-		-
Revenue recognition based on percentage of completion		394,304		435,314
Intangible assets valuation in business combination		3,406,774		3,264,476
Total net deferred tax liabilities	$	3,801,078	$	3,699,790

Income tax reconciliation for the three months ended June 30, 2013 and 2012 are as follows:

	Three Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
PRC federal statutory tax rate		25	%		25	%
Taxable (loss) income	$	(715,779	)	$	1,594,789
Computed expected income tax expense		(178,945	)		398,697
Effect of different tax rates		(66,072	)		(111,635	)
Effect of operation loss		344,661			-
Nondeductible items		-			-
Income tax expense	$	99,644		$	287,062

	Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
PRC federal statutory tax rate		25	%		25	%
Taxable (loss) income	$	(1,908,287	)	$	3,341,971
Computed expected income tax expense		(477,072	)		835,493
Effect of different tax rates		(106,019	)		(233,938	)
Effect of operation loss		711,442			-
Nondeductible items		26,042			-
Income tax expense	$	154,393		$	601,555

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Segment Information (Schedule of Reportable Operating Segments) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting Disclosure [Line Items]
Revenues	$ 16,284,617	$ 23,040,534	$ 26,763,445	$ 42,261,846
Cost of revenues	12,657,369	17,216,468	20,801,504	31,220,280
Operating expenses:
Selling and marketing expenses	850,551	935,853	1,895,077	1,774,846
General and administrative expenses	2,643,040	3,247,546	5,542,051	6,100,906
Research and Development	182,912	11,528	192,074	80,398
Total operating expenses	3,676,503	4,194,927	7,629,202	7,956,150
Other income (expenses), net	(666,524)	(34,350)	(241,026)	256,555
Income (loss) before income taxes	(715,779)	1,594,789	(1,908,287)	3,341,971
Segment 1 [Member]
Segment Reporting Disclosure [Line Items]
Revenues	2,309,189	8,354,428	4,235,869	16,761,401
Cost of revenues	1,444,131	6,327,955	2,929,217	12,252,219
Operating expenses:
Selling and marketing expenses	315,617	222,521	611,340	448,147
General and administrative expenses	1,197,756	1,389,852	2,633,114	2,920,267
Research and Development	107,025	6,167	116,187	11,918
Total operating expenses	1,620,398	1,618,540	3,360,641	3,380,332
Other income (expenses), net	(521,197)	100,754	10,826	448,169
Income (loss) before income taxes	(1,276,537)	508,687	(2,043,163)	1,577,019
Segment 2 [Member]
Segment Reporting Disclosure [Line Items]
Revenues	4,324,518	8,436,000	9,404,915	14,690,590
Cost of revenues	3,379,855	6,089,299	7,305,537	10,610,453
Operating expenses:
Selling and marketing expenses	359,269	457,484	841,328	883,774
General and administrative expenses	495,732	908,000	1,106,247	1,530,294
Research and Development	0	5,361	0	68,480
Total operating expenses	855,001	1,370,845	1,947,575	2,482,548
Other income (expenses), net	(90,022)	(21,326)	(164,768)	(62,242)
Income (loss) before income taxes	(360)	954,530	(12,965)	1,535,347
Segment 3 [Member]
Segment Reporting Disclosure [Line Items]
Revenues	9,650,910	6,250,106	13,122,661	10,809,855
Cost of revenues	7,833,383	4,799,214	10,566,750	8,357,608
Operating expenses:
Selling and marketing expenses	175,665	255,848	442,409	442,925
General and administrative expenses	949,552	949,694	1,802,690	1,650,345
Research and Development	75,887		75,887
Total operating expenses	1,201,104	1,205,542	2,320,986	2,093,270
Other income (expenses), net	(55,305)	(113,778)	(87,084)	(129,372)
Income (loss) before income taxes	$ 561,118	$ 131,572	$ 147,841	$ 229,605

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Summary of Significant Accounting Policies (Schedule of Estimated Useful Lives of Plant and Equipment) (Details)	6 Months Ended
	Jun. 30, 2013
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	40 years
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	50 years
Transportation equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	5 years
Transportation equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	10 years
Machinery [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	10 years
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	5 years
Furniture [Member]
Property, Plant and Equipment [Line Items]
Plant and Equipment, useful life	5 years

XML

Commitments and Contingencies (Schedule of Commitments Under Certain Operating Leases) (Details) (USD $)	Jun. 30, 2013
Commitments and Contingencies [Abstract]
Remainder of 2013	$ 323,393
2014	852,508
2015	448,015
2016	239,012
Total	$ 1,862,928

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Unbilled Revenue (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current unbilled revenue	$ 23,978,677	[1]	$ 27,954,525
Long-term unbilled revenue	45,327,393	[1]	51,219,694
Total	69,306,070		79,174,219
Ordos project [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current unbilled revenue	8,089,699
Long-term unbilled revenue	31,978,553
India projects [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current unbilled revenue	6,868,987
Long-term unbilled revenue

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Summary of Significant Accounting Policies (Details)	3 Months Ended		6 Months Ended							1 Months Ended	6 Months Ended
	Jun. 30, 2013 CNY	Jun. 30, 2013 INR	Jun. 30, 2013 USD ($)		Jun. 30, 2013 CNY	Jun. 30, 2013 INR	Dec. 31, 2012 USD ($)	Dec. 31, 2012 CNY	Dec. 31, 2012 INR	Apr. 30, 2010 Warrant [Member] USD ($)	Jun. 30, 2013 Warrant [Member] USD ($)
Significant Accounting Policies [Line Items]
Current Restricted cash			$ 14,095,989	[1]			$ 4,352,443
Long-term restricted cash			2,582,777				3,464,524
Billing cycles for Build-Transfer ("BT") contracts			3 years		3 years	3 years
Nominal interest rate			6.15%		6.15%	6.15%
Estimated residual value, minimum			3.00%		3.00%	3.00%
Estimated residual value, maximum			5.00%		5.00%	5.00%
VAT of the sales price			17.00%		17.00%	17.00%
Effective tax rate for sales price			3.00%		3.00%	3.00%
Translation adjustment			$ 5,774,960				$ 5,086,827
Exchange rate used to translate balance sheet amounts with the exception of equity	6.1807	59.6320			6.1807	59.6320		6.3011	54.8390
Average translation rates applied to income statement	6.2065	55.7336			6.2437	54.9731
Stock options granted			1,008,516		1,008,516	1,008,516
Stock options exercised			93,700		93,700	93,700
Stock options exercised, exercise price			$ 6.75
Warrants issued										214,275	185,000
Warrants, exercised											170,000
Warrants exercised, exercise price										$ 20.30	$ 8.10
Warrant issued to underwriters as percentage of ordinary shares sold in the offering			10.00%		10.00%	10.00%
Warrant exercise price as a percentage of offering price			145.00%		145.00%	145.00%

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Unbilled Revenue (Tables)

6 Months Ended

Jun. 30, 2013

Unbilled Revenue [Abstract]

Unbilled Revenue

The unbilled revenue as of June 30, 2013 and December 31, 2012 are as the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Current unbilled revenue	$	23,978,677	$	27,954,525
Long-term unbilled revenue		45,327,393		51,219,694
Total	$	69,306,070	$	79,174,219

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Restricted Cash (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Restricted Cash [Abstract]
Time deposits as collateral in exchange of the issuance of Letters of Credit	$ 16,678,766
Advance from potential buyer of assets	8,979,565
Short-term letters of credit	5,116,424
Long-term letters of credit	2,582,777
Long-term restricted cash	$ 2,582,777	$ 3,464,524

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Bank Borrowings (Short Term Debt) (Details)	3 Months Ended			6 Months Ended			6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended
	Jun. 30, 2013 USD ($)		Dec. 31, 2012 USD ($)	Jun. 30, 2013 Loan One [Member] Citic Bank [Member] USD ($)	Jun. 30, 2013 Loan One [Member] Citic Bank [Member] CNY	Dec. 31, 2012 Loan One [Member] Citic Bank [Member] USD ($)	Jun. 30, 2013 Loan Two [Member] Bank Of Hangzhou [Member] USD ($)	Dec. 31, 2012 Loan Two [Member] Bank Of Hangzhou [Member] USD ($)	Jun. 30, 2013 Loan Three [Member] Bank Of Hangzhou [Member] USD ($)	Dec. 31, 2012 Loan Three [Member] Bank Of Hangzhou [Member] USD ($)	Jun. 30, 2013 Loan Four [Member] Bank Of Hangzhou [Member] USD ($)	Dec. 31, 2012 Loan Four [Member] Bank Of Hangzhou [Member] USD ($)	Jun. 30, 2013 Loan Five [Member] China Merchants Bank [Member] USD ($)	Dec. 31, 2012 Loan Five [Member] China Merchants Bank [Member] USD ($)	Jun. 30, 2013 Loan Six [Member] Bank Of Hangzhou [Member] USD ($)	Dec. 31, 2012 Loan Six [Member] Bank Of Hangzhou [Member] USD ($)	Jun. 30, 2013 Loan Seven [Member] China Merchants Bank [Member] USD ($)	Dec. 31, 2012 Loan Seven [Member] China Merchants Bank [Member] USD ($)	Jun. 30, 2013 Loan Eight [Member] Industrial and Commercial Bank of China [Member] USD ($)	Dec. 31, 2012 Loan Eight [Member] Industrial and Commercial Bank of China [Member] USD ($)	Jun. 30, 2013 Loan Nine [Member] Bank Of Hangzhou [Member] USD ($)	Dec. 31, 2012 Loan Nine [Member] Bank Of Hangzhou [Member] USD ($)	Jun. 30, 2013 Loan Ten [Member] Industrial and Commercial Bank of China [Member] USD ($)	Dec. 31, 2012 Loan Ten [Member] Industrial and Commercial Bank of China [Member] USD ($)	Jun. 30, 2013 Loan Eleven [Member] China Merchants Bank [Member] USD ($)	Dec. 31, 2012 Loan Eleven [Member] China Merchants Bank [Member] USD ($)	Jun. 30, 2013 Loan Twelve [Member] Industrial and Commercial Bank of China [Member] USD ($)	Dec. 31, 2012 Loan Twelve [Member] Industrial and Commercial Bank of China [Member] USD ($)	Jun. 30, 2013 Loan Thirteen [Member] Industrial and Commercial Bank of China [Member] USD ($)	Dec. 31, 2012 Loan Thirteen [Member] Industrial and Commercial Bank of China [Member] USD ($)
Short-term Debt [Line Items]
Interest rate				7.80%	7.80%		7.872%		7.872%		7.216%		7.20%		6.442%		7.135%		6.42%		6.00%		6.00%		7.20%		5.88%		5.60%
Terms, start date				Dec. 06, 2012	Dec. 06, 2012		Mar. 20, 2012		Apr. 19, 2012		Apr. 28, 2012		Aug. 31, 2012		Jan. 03, 2013		Mar. 16, 2013		Jan. 31, 2013		Apr. 01, 2013		Jun. 27, 2013		Aug. 31, 2012		Mar. 15, 2013		Jun. 25, 2013
Terms, end date				Dec. 06, 2013	Dec. 06, 2013		Mar. 19, 2013		Apr. 18, 2013		Apr. 26, 2013		Aug. 31, 2013		Jan. 04, 2014		Feb. 15, 2014		Jul. 30, 2013		Mar. 30, 2014		Jun. 26, 2014		Aug. 30, 2013		Sep. 13, 2013		Dec. 24, 2013
Short-term bank borrowing	$ 13,962,011	[1]	$ 8,150,041	$ 4,853,819	30,000,000	$ 4,761,073		$ 634,810		$ 36,406		$ 337,216	$ 1,175,617	$ 1,946,666	$ 589,739		$ 808,970		$ 1,836,362		$ 647,176		$ 1,617,940		$ 442,322	$ 433,870	$ 970,764		$ 1,019,302
Repayment of short-term bank borrowings	$ 486,046

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Bank Borrowings (Long Term) (Details) (USD $)	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Interest rate	1.50%
Long-term bank borrowing	$ 13,545	$ 17,976
ICICI Bank [Member] | Scorpio [Member]
Debt Instrument [Line Items]
Interest rate	11.99%
Terms, start date	May 01, 2012
Terms, end date	Apr. 30, 2016
Long-term bank borrowing	7,605	9,460
ICICI Bank [Member] | VENTO [Member]
Debt Instrument [Line Items]
Interest rate	12.25%
Terms, start date	Jan. 15, 2012
Terms, end date	Jan. 14, 2015
Long-term bank borrowing	$ 5,940	$ 8,516

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Income Taxes (Schedule of Applicable Statutory Tax Rates) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Line Items]
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%
Effective income tax rate	(14.00%)	18.00%	(8.00%)	18.00%
TTB [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	15.00%	15.00%	15.00%	15.00%
BSST [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	15.00%	15.00%	15.00%	15.00%
Yanyu [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	15.00%	15.00%	15.00%	15.00%
Tranhold [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%
TTA [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%
Baoding [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	15.00%	15.00%	15.00%	15.00%
Yuanjie [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	15.00%	15.00%	15.00%	15.00%
Buerjin [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%
Xushui [Member]
Income Taxes [Line Items]
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%

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Amounts Due to Related Party

6 Months Ended

Jun. 30, 2013

Amounts Due to Related Party [Abstract]

Amounts Due to Related Party

19. Amounts Due to Related Party

Amounts due to related party as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Gavin Cheng (Shareholder / CEO)	$	510,850	$	510,850
Warren Zhao (Shareholder)		980,471		955,500
Peter Dong (Shareholder / COO)		161,794		158,702
Others		29,028		31,368
Total	$	1,682,143	$	1,656,420

The amounts due to shareholders, originally due in November 2012, were extended to November 31, 2013. The monthly interest rate was 1%.

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Paranthetical)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]
Ordinary shares issued,in consideration of business combination	30,207	35,974

XML

Certain Significant Risks and Uncertainty (Details) (Customer Concentration Risk [Member], Sales Revenue, Goods, Net [Member])	3 Months Ended
	Jun. 30, 2013
Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk	13.00%
Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk	12.00%
Customer Three [Member]
Concentration Risk [Line Items]
Concentration Risk	11.00%

XML

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Principles of consolidation and basis of presentation

The accompanying consolidated balance sheet as of December 31, 2012, which has been derived from the audited financial statements, and the unaudited interim consolidated financial statements as of June 30, 2013 and for the three and six month periods ended June 30, 2013 and 2012 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures, which are normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, previously filed with the SEC.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company's consolidated financial position as of June 30, 2013, and its consolidated results of operations and cash flows for the three and six month periods ended June 30, 2013 and 2012, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

The Company compiles its daily financial records in accordance with the generally accepted accounting principles of the PRC ("PRC GAAP") and converts its financial statements according to accounting principles generally accepted in the United States of America ("US GAAP") when reporting.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing its financial statements are reasonable and prudent. Actual results could differ from these estimates.

Certain of the Company's accounting policies require higher degrees of professional judgment than others in their application. These include the recognition of revenue under the percentage of completion method, the allowance for doubtful accounts, long term contract collectability, impairment of fixed assets and intangible assets, income tax and contingent investment payables. Management evaluates all of its estimates and judgments on an on-going basis.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents are composed primarily of time deposits and investments in money market accounts and are stated at cost which approximates fair value.

Restricted Cash

The current restricted cash balance at June 30, 2013 and December 31, 2012 was $14,095,989 and $4,352,443, respectively. The long-term restricted cash balance at June 30, 2013 and December 31, 2012 was $2,582,777 and $3,464,524, respectively. The restricted cash was deposited as collateral in exchange of the issuance of letters of credit. For details, refer to Note 5 of these consolidated financial statements.

Accounts and Notes Receivable

Accounts and notes receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the Company's existing accounts receivable. The Company makes an allowance for doubtful accounts based on the aging of accounts receivable and on any specifically identified accounts receivable that may become uncollectible.

Inventories

The Company values inventory at the lower of cost or net realizable value and determines inventory using the weighted average cost method. Inventory consists of raw materials, finished goods, and work-in-progress, which includes the cost of direct labor, materials and direct overhead costs related to the projects.

Long-term Unbilled Receivables

The Company obtained several Build-Transfer ("BT") contracts with billing cycles of over three years in recent years. Due to the nature of the BT projects, the related revenue has been discounted and recorded as long-term unbilled receivables and the discount rate is the 3-year nominal interest rate of 6.15%, set by the People's Bank of China, the PRC's central bank. For the contract that a specific discount rate is agreed in the contract, that specific rate is applied. These projects are funded by local governments with central government project appropriation, so the Company does not have any significant collection risk on such projects.

Plant and Equipment

The Company states plant and equipment at cost less accumulated depreciation. The Company computes depreciation using the straight-line method over the estimated useful lives of the assets with a 3%-5% estimated residual value.

Estimated useful lives of the Company's assets are as follows:

Asset	Useful Life
Buildings and improvements	40-50 years
Transportation equipment	5-10 years
Machinery	10 years
Office equipment	5 years
Furniture	5 years

The Company eliminates the cost and related accumulated depreciation of assets sold or otherwise retired from the accounts and includes any gain or loss in the statement of income as an offset or increase to other income (expense) for the period. The Company charges maintenance, repairs and minor renewals directly to expense as incurred, and capitalizes major additions and betterments to buildings and equipment.

Valuation of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets, including plant and equipment, and finite life intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. To the extent the estimated undiscounted future cash inflows attributable to the asset, less estimated undiscounted future cash outflows, are less than the carrying amount, the Company recognizes an impairment loss in an amount equal to the difference between the carrying value of such assets and fair value. No impairment indicator is noted in the prior or current years. The Company reports assets for which there is a committed disposition plan, whether through sale or abandonment, at the lower of carrying value or fair value less costs to sell. No such assets are identified in prior and current years.

The Company evaluates the periods of depreciation and amortization to determine whether subsequent events and circumstances cause revised estimates of useful lives.

Intangible Assets

The Company amortizes acquired intangible assets with definite lives on a straight-line basis over their expected useful economic lives. The Company also performs impairment test if events or changes in circumstances indicate that the assets might be impaired.

	Useful Life
Proprietary technology relating to sewage, municipal solid waste treatment and tail gas purification	20 years
Proprietary technology relating to low energy consumption data transmission system	20 years
Large region environmental management system	10 years
Mobile web management system	10 years
Database management system	10 years
Pollution reduction checking assistant	10 years
Water pollution control infrastructure	10 years
Software-gas flow	20 years
Software-oil mixing	20 years
Software-crude blending	10 years
Customer relationship	5 years
Land use right	50 years
Know-how	8-10 years
Contract backlog	1 year

Goodwill

Goodwill represents the excess of the fair value of consideration transferred (plus the fair value of the non-controlling interest, if any) over the fair value of the net assets acquired (including recognized intangibles). Goodwill is not amortized; rather, impairment tests are performed at least annually or more frequently if circumstances indicate impairment may have occurred. If impairment exists, goodwill is immediately written down to fair value and the loss is recognized in the consolidated income statements. The Company assesses impairment annually or whenever events or changes indicate that, more likely than not, the carrying value of goodwill has been impaired. The Company uses the income approach to estimate the fair value of the reporting unit of the goodwill. The income approach is based on the long-term projected future cash flows of the reporting units. The Company discounts the estimated cash flows to present value using a weighted-average cost of capital that considers factors such as the timing of the cash flows and the risks inherent in those cash flows.

 Revenue Recognition

The Company's revenues consist primarily of three categories: (i) System Integration, (ii) Hardware Product Sales, and (iii) Software Product Sales. The Company recognizes revenue when there is evidence of an arrangement, the consideration to be received is fixed or determinable, products are delivered, or services rendered, and collectability is assured.

For System Integration, sales contracts are usually structured with fixed price or fixed unit price. The contract periods range from two months to approximately three years in length. The Company recognizes revenue from these contracts following the percentage-of-completion method, measured by different stages of completion in accordance with ASC 605-35, "Construction-Type and Production-Type Contracts". Only if the actual implementation status meets the established stage will the Company recognize the relevant portion of the revenue. There are four major stages for the System Integration revenue recognition: (a) the completion of project design, (b) the delivery of products, (c) the completion of debugging, and (d) inspection and acceptance. For BT projects, such as the Ordos drinking water plant project, the Company recognizes the project revenue using the man-power hours as the measurement for percentage of completion.

Provided unapproved change orders or claims occur in the future, in accounting for contracts, we follow Paragraphs 30 and 31 of ASC 605-35-25, "Construction-Type and Production-Type Contracts". The Company recognizes revenue from unapproved change orders or claims only to the extent that contract costs relating to the unapproved change orders or claims have been incurred, and only if it is probable that such unapproved change orders or claims will result in additional contract revenue and the amount of such additional revenue can be reliably estimated. Until today, no unapproved change orders have been experienced in the ordinary business operation.

For Hardware Product Sales, the Company recognizes the revenue only when all products are delivered and the acceptance confirmations are signed by the customers, according to ASC 605-10, "Revenue Recognition". The Company is not obligated for any repurchase or return of the goods.

The Company presents all sales revenue net of a value-added tax ("VAT"). The Company's products sold in China are generally subject to a Chinese VAT of 17% of the sales price, except for certain proprietary software sales which will only be subject to an effective tax rate of 3%. The VAT payable may be offset by VAT paid by the Company on purchased raw materials and other materials included in the cost of projects or producing the finished product.

The Company records revenue in excess of billings as "unbilled revenue". For revenues accounted for under this account, we expect the amounts to be billed within one year. For those with a bill collection period longer than one year, we classify them under "Long-term unbilled revenue" on the consolidated balance sheets.

Research and Development (R&D)

Research and development expenses include salaries for R&D staff, consultant fees, supplies and materials, as well as other overhead such as depreciation, facilities, utilities, and other R&D related expenses. The Company expenses costs for the development of new software products and substantial enhancements to existing software products as incurred until technological feasibility has been established, at which time any additional costs are capitalized. The management of the Company is responsible for assessing the establishment of technological feasibility in accordance with ASC 985-20, "Costs of Software to Be Sold, Leased, or Marketed".

Foreign Currency Translation

The Company uses the United States dollar ("USD") as its reporting currency. The functional currency of TRIT, TTII and TIS is USD, the functional currency of TII, Buxar, Begusarai, Hajipur and WOS is India National Rupee ("INR"), the functional currency of TRIT's subsidiaries in China is Renminbi ("RMB"). The Company translates monetary assets and liabilities denominated in currencies other than United States dollars into USD at the exchange rate ruling at the balance sheet date. The Company converts non-USD transactions during the year into USD with the prevailing exchange rate on the transaction dates.

The Chinese subsidiaries of TRIT maintain their financial records in RMB. The value of the assets and liabilities were converted with the exchange rate on the balance sheet date; and their revenue and expenses with a weighted average exchange rate for the reporting period. The Company reflects translation adjustments as "Accumulated other comprehensive income (loss)" in shareholders' equity.

Transaction gains and losses that arise from exchange rate fluctuations on transactions in a currency other than the functional currency are recognized as foreign currency transaction gain or loss in the result of operations as incurred.

Translation adjustments amounted to $5,774,960 and $5,086,827 as of June 30, 2013 and December 31, 2012, respectively. The Company translated balance sheet amounts with the exception of equity at June 30, 2013 at RMB6.1807 to US$1.00 and INR59.6320 to US$1.00 as compared to RMB6.3011 to US$1.00 and INR54.8390 to US$1.00 as of December 31, 2012. The Company stated equity accounts at their historical rate. The average translation rates applied to income statement accounts for the three-month period ended June 30, 2013 were RMB6.2065 and INR55.7336 to US$1.00, respectively. The average translation rates applied to income statement accounts for the six-month period ended June 30, 2013 were RMB6.2437 and INR54.9731 to US$1.00, respectively.

The translation rates between RMB and USD are according to State Administration of Foreign Exchange. The translation rates between INR and USD are according to Oanda.com.

Income Taxes

The Company provides for deferred income taxes using the asset and liability method. Under this method, the Company recognizes deferred income taxes for tax credits and net operating losses available for carry-forwards and significant temporary differences. The Company classifies deferred tax assets and liabilities as current or non-current based upon the classification of the related asset or liability in the financial statements or the expected timing of their reversal if they do not relate to a specific asset or liability. The Company provides a valuation allowance to reduce the amount of deferred tax assets if it is considered more likely than not that some portion or all of the deferred tax assets will not be realized.

The Company adopted Financial Accounting Standards Board ("FASB") accounting standard codification 740 (ASC 740), as of January 1, 2007. The Company recognizes a tax position as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that the Company believes is more than 50% likely to be realized on examination. For tax positions not meeting the "more likely than not" test, the Company does not record it as a tax benefit. The Company also adopts ASC 740 guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. It had no effect on the Company's financial statements as of June 30, 2013 and December 31, 2012. The Company did not have any significant unrecognized uncertain tax positions as of June 30, 2013 and December 31, 2012. 

The Company's operations are subject to income and transaction taxes in China since most of the business activities take place in China. Significant estimates and judgments are required in determining the Company's provision for income taxes. Some of these estimates are based on interpretations of existing tax laws or regulations. The ultimate amount of tax liability may be uncertain as a result. The Company does not anticipate any events which could change these uncertainties.

Share-based Compensation

The Company adopted the fair value recognition provisions of ASC 718, "Compensation-Stock Compensation" and ASC 505-50, "Equity-Based Payments to Non-Employees".

The Company recognizes compensation expense for all share-based payment awards made to the employees and directors. The fair value of share-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the vesting period. Determining the fair value of share-based awards at the grant date requires considerable judgment, including estimating expected volatility, expected term and risk-free rate. The expected term is based upon the period of time for which the share option is expected to be outstanding. The expected volatility of the share options is based upon the historical volatility of our share price. The risk-free interest rate assumption is based upon China international bond rates for a comparable period. If factors change and we employ different assumptions, share-based compensation expense may differ significantly from what we have recorded in the past.

Earnings per Share

Basic EPS excludes dilution and is computed by dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares (convertible preferred stock, forward contract, warrants to purchase ordinary share, contingently issuable shares, ordinary share options and warrants and their equivalents using the treasury stock method) were exercised or converted into ordinary shares. The Company excludes potential ordinary shares in the diluted EPS computation in periods of losses from continuing operations, as their effect would be anti-dilutive.

The Company has granted 185,000 warrants to the placement agent in our IPO and to our investor relations consultant. During the first financing after IPO, the Company has also agreed to issue the underwriters a warrant to purchase a number of ordinary shares equal to an aggregate of 10% of the ordinary shares sold in the offering, excluding over-allotments. The warrants will have an exercise price equal to 145% of the offering price. Accordingly, in April 2010, the Company issued 214,275 warrants with an exercise price per share of $20.30. These warrants have an anti-dilutive effect due to the fact that the weighted average exercise price per share of these warrants is higher than the weighted average market price per share of an ordinary share during the quarter ended June 30, 2013. 170,000 warrants had been exercised at a price equal to $8.10 per share as of June 30, 2013. As of June 30, 2013, the Company has granted 1,008,516 options to our key employees, and 93,700 options had been exercised at a price equal to $6.75 per share.

Comprehensive Income

Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. The Company has chosen to report comprehensive income in the statements of income and comprehensive income.

Financial Instruments

The Company carries financial instruments, which consists of cash and cash equivalents, accounts receivable, accounts payable, short-term bank borrowings and other payables at cost, which approximate fair value due to the short-term nature of these instruments. The Company does not use derivative instruments to manage risks.

Segments

The Company identifies segments by reference to its internal organization structure and the factors that the chief operating decision maker uses to make operating decisions and assess performance.

Recently Issued Accounting Pronouncements

The FASB has issued Accounting Standards Update (ASU) No. 2013-04 through No. 2013-08. None of the standard is expect to have a material impact on the Company's consolidated financial position or results of operations.

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Restricted Cash

6 Months Ended

Jun. 30, 2013

Restricted Cash [Abstract]

Restricted Cash

5. Restricted Cash

As of June 30, 2013, the Company has made deposits totaling $16,678,766, among which $9.0 million is the advanced payment from buyer of the real property in Baoding, and the fund will be used to discharge the pledge on the real property. The others are as collateral in exchange of the issuance of letters of credit. Among these letters of credit, a total of $5,116,424 is with expiration dates within the next 12 months. The remaining balance of $2,582,777 is to expire after June 2014, and is classified under long-term restricted cash.

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Other Current Assets (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Other Assets, Current [Line Items]
Loans to third-party companies	$ 252,194	$ 231,843
Short-Term [Member]
Other Assets, Current [Line Items]
Loans to third-party companies	500,000
Loans to third-party companies, interest rate	6.00%
Loans to third-party companies, period	6 months
Twelve Months [Member] | Short-Term [Member]
Other Assets, Current [Line Items]
Loans to third-party companies	$ 161,794
Loans to third-party companies, period	1 year

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Business Combinations

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Business Combinations

3. Business Combinations

In connection with an acquisition made in 2011, the fair value of the contingent consideration as of June 30, 2013 and December 31, 2012 was estimated at $582,966 and $582,966, respectively.

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Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2013

Variable Interest Entities [Abstract]

Total Assets and Liabilities of Consolidated Variable Interest Entities

The total assets and liabilities of our consolidated VIEs as of June 30, 2013 and December 31, 2012 are shown as below, which exclude intercompany balances that are eliminated among the VIEs.

	June 30, 2013			December 31,
	(Unaudited)			2012
ASSETS
Current assets
Cash	$	3,215,201		$	2,346,543
Restricted cash		6,648,207			521,302
Accounts and notes receivable, net		31,630,563			18,171,800
Unbilled revenue		2,897,769			8,568,681
Other receivables		15,366,871			17,210,742
Inventories		8,128,800			6,741,246
Deposits on projects		1,006,604			1,296,163
Prepayments to suppliers and subcontractors		13,388,573			9,506,484
Total current assets		82,282,588			64,362,961
Long-term unbilled revenue		1,060,633			1,040,367
Plant and equipment, net		615,781			684,067
Intangible assets, net		3,706,137			3,848,986
Total Assets	$	87,665,139		$	69,936,381
LIABILITIES AND EQUITY
Current liabilities
Accounts payable		7,502,954			7,844,856
Costs accrual on projects		12,053,904			8,650,053
Advance from customers		12,328,749			10,192,513
Loan from third party companies and individual		2,508,073			1,781,717
Other payables		24,301,034			18,539,234
Tax payable		4,095,939			2,865,250
Deferred income taxes		(369,513	)		329,899
Short-term bank borrowing		9,108,192			2,754,158
Total current liabilities		71,529,332			52,957,680
Total Liabilities	$	71,529,332		$	52,957,680

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Taxes Payable

6 Months Ended

Jun. 30, 2013

Taxes Payable [Abstract]

Taxes Payable

22. Taxes Payable

	June 30,2013		December 31,
	(Unaudited)		2012
Value-added tax payable		4,498,243		3,539,608
Business tax payable		1,331,574		1,493,704
Individual income tax payable		21,852		19,753
Income tax payable		1,128		87,189
Others		510,149		437,279
Total	$	6,362,946	$	5,577,533

The amount others includes various taxes and surcharges charged from local Tax Bureau.

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Warrants

6 Months Ended

Jun. 30, 2013

Warrants [Abstract]

Warrants

26. Warrants

As of June 30, 2013 and December 31, 2012, the Company has 229,274 warrants outstanding for ordinary shares. None of these warrants were exercised by June 30, 2013. During the quarter ended June 30, 2013 and 2012, the Company recorded no warrant expenses as general and administrative expenses.

During the six month ended June 30, 2013 and 2012, the Company recorded no warrants as general and administrative expense.

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Accounts and Notes Receivable, Net (Schedule of Changes in Allowances for Doubtful Accounts) (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Accounts and Notes Receivable, Net [Abstract]
Balance at beginning of the period	$ 1,475,771	$ 619,062
Increase in allowances during the period	259,736	950,302
Write-offs during the period		(93,593)
Balance at the end of the period	$ 1,735,507	$ 1,475,771

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Options Issued to Employees (Details) (USD $)	3 Months Ended		6 Months Ended	0 Months Ended	40 Months Ended	46 Months Ended		0 Months Ended				1 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Sep. 09, 2009 Stock Incentive Plan 2009 [Member]	Dec. 31, 2012 Stock Incentive Plan 2009 [Member]	Jun. 30, 2013 Stock Incentive Plan 2009 [Member]	Jun. 05, 2012 Stock Incentive Plan 2011 [Member]	Jun. 05, 2012 Stock Incentive Plan 2011 [Member] Issued To Senior Management And Directors [Member]	Jun. 05, 2012 Stock Incentive Plan 2011 [Member] Issued To Senior Management And Directors [Member] Vested on Grant Date [Member]	Jun. 05, 2012 Stock Incentive Plan 2011 [Member] Issued To Senior Management And Directors [Member] Vested on January 1, 2013 [Member]	Jun. 05, 2012 Stock Incentive Plan 2011 [Member] Senior management [Member]	Sep. 17, 2012 Stock Incentive Plan 2011 [Member] Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares approved to be offered				525,500			474,008
Stock options, granted				525,500				450,016	255,008	225,008	23,000	10,000
Stock options granted, exercise price			$ 6.75	$ 6.75					$ 7.63	$ 2.75	$ 4.45	$ 3.77
Stock options, vesting period				5 years
Stock options, contractual term				10 years
Stock options, annual vesting rate over next 5 years				20.00%
Grant-date fair value of options, per share				$ 3.53					$ 1.55	$ 1.20	$ 2.07	$ 1.68
Total fair value of options				$ 1,855,015					$ 348,762	$ 270,010	$ 47,610	$ 16,800
Stock options, vested					210,200	313,500
Stock options, exercised			93,700		93,700	93,700
Forfeited during the period					9,000	9,000
Valuation assumptions, discount rate									3.07%	2.50%	3.15%	2.41%
Valuation assumptions, expected volatility									38.00%	47.00%	45.00%	46.00%
Valuation assumptions, expected dividends									0.00%	0.00%	0.00%	0.00%
Expected life in years										9 years 2 months 12 days	10 years 7 months 6 days	10 years
Option compensation expenses	$ 96,954	$ 439,675

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Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information [Abstract]

Segment Information

31. Segment Information

The Company has three reportable operating segments. The segments are grouped with references to the types of services provided and the types of clients that use those services. As TTB and its subsidiaries and VIEs conduct business under the three segments, the total sales and costs are divided accordingly into three segmental portions. The Company's Chief Executive Officer is the chief operating decision maker, and he assesses each segment's performance based on net revenues and gross profit on contribution margin. The three reportable operating segments are:

Segment 1: Water, Wastewater Treatment and Municipal Infrastructure

Municipal water supply and distribution, wastewater treatment and gray water reuse engineering, procurement, and construction (EPC), build-transfer (BT); proprietary process control systems, process equipment integrated, and proprietary odor control systems, and other municipal facilities engineering, operation management, and related infrastructure construction projects.

Segment 2: Water Resource Management System and Engineering Service

Water resources protection and allocation, flood control and forecasting, irrigation systems, related system integration, proprietary hardware and software products, etc.   

Segment 3: Industrial Pollution Control and Safety Water Resource

Provide systems for volatile organic compounds (VOC) abatement, odor control, water and wastewater treatment, water recycling facilities design, engineering, procurement and construction for oil, gas, petrochemical and power industries, safety and clean production technologies for oil, gas exploration and pipeline.

For the Three Months Ended June 30, 2013 and 2012(Unaudited)
	Segment 1					Segment 2						Segment 3						Total
	2013			2012		2013			2012			2013			2012			2013			2012
Revenues	$	2,309,189			8,354,428		4,324,518			8,436,000			9,650,910			6,250,106			16,284,617			23,040,534
Cost of revenues		1,444,131			6,327,955		3,379,855			6,089,299			7,833,383			4,799,214			12,657,369			17,216,468
Operating expenses:
Selling and Marketing Expenses		315,617			222,521		359,269			457,484			175,665			255,848			850,551			935,853
General and Administrative Expenses		1,197,756			1,389,852		495,732			908,000			949,552			949,694			2,643,040			3,247,546
Research and Development		107,025			6,167		0			5,361			75,887			-			182,912			11,528
Total operating expenses		1,620,398			1,618,540		855,001			1,370,845			1,201,104			1,205,542			3,676,503			4,194,927
Other income (expenses), net		(521,197	)		100,754		(90,022	)		(21,326	)		(55,305	)		(113,778	)		(666,524	)		(34,350	)
Income (loss) before income taxes	$	(1,276,537	)		508,687		(360	)		954,530			561,118			131,572		$	(715,779	)		1,594,789

For the Six Months Ended June 30, 2013 and 2012(Unaudited)
	Segment 1					Segment 2						Segment 3						Total
	2013			2012		2013			2012			2013			2012			2013			2012
Revenues	$	4,235,869			16,761,401		9,404,915			14,690,590			13,122,661			10,809,855			26,763,445			42,261,846
Cost of revenues		2,929,217			12,252,219		7,305,537			10,610,453			10,566,750			8,357,608			20,801,504			31,220,280
Operating expenses:
Selling and Marketing Expenses		611,340			448,147		841,328			883,774			442,409			442,925			1,895,077			1,774,846
General and Administrative Expenses		2,633,114			2,920,267		1,106,247			1,530,294			1,802,690			1,650,345			5,542,051			6,100,906
Research and Development		116,187			11,918		0			68,480			75,887			-			192,074			80,398
Total operating expenses		3,360,641			3,380,332		1,947,575			2,482,548			2,320,986			2,093,270			7,629,202			7,956,150
Other income (expenses), net		10,826			448,169		(164,768	)		(62,242	)		(87,084	)		(129,372	)		(241,026	)		256,555
Income (loss) before income taxes	$	(2,043,163	)		1,577,019		(12,965	)		1,535,347			147,841			229,605		$	(1,908,287	)		3,341,971

Assets by Segment

The Company evaluates its assets by segment to generate information needed for internal control, resource allocation and performance assessment. This information also helps management to establish a basis for asset realization, determine insurance coverage, assess risk exposure, and meet requirements for external financial reporting.

Segment assets of the Company are as follows:

Segment Assets	Segment 1		Segment 2		Segment 3		Total
As of  June 30, 2013	$	83,320,551	$	38,784,285	$	52,474,784	$	174,579,620
As of December 31, 2012	$	89,062,709	$	30,058,569	$	37,556,788	$	156,678,066

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Accounts and Notes Receivable, Net (Schedule of Gross Balance and Bad Debt Provision) (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012	Dec. 31, 2011
Accounts and Notes Receivable, Net [Abstract]
Accounts receivable, gross	$ 33,520,561	$ 20,073,881
Less bad debt provision	(1,735,507)	(1,475,771)	(619,062)
Notes receivable	56,628
Accounts receivable, net	$ 31,841,682	$ 18,598,110

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Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Line Items]
Number of subsidiaries in China			16
Effective tax rate	(14.00%)	18.00%	(8.00%)	18.00%
PRC federal statutory tax rate	25.00%	25.00%	25.00%	25.00%
CHINA [Member]
Income Taxes [Line Items]
Effective tax rate	25.00%
PRC federal statutory tax rate	42.024%

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Taxes Payable (Tables)

6 Months Ended

Jun. 30, 2013

Taxes Payable [Abstract]

Taxes Payable

	June 30,2013		December 31,
	(Unaudited)		2012
Value-added tax payable		4,498,243		3,539,608
Business tax payable		1,331,574		1,493,704
Individual income tax payable		21,852		19,753
Income tax payable		1,128		87,189
Others		510,149		437,279
Total	$	6,362,946	$	5,577,533

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Accounts Payable and Costs Accrual on Projects (Tables)

6 Months Ended

Jun. 30, 2013

Accounts Payable and Costs Accrual on Projects [Abstract]

Accounts Payable and Project Accruals Based on Progress

Accounts payable and project accruals based on progress consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Accounts payable	$	6,669,304	$	5,890,511
Costs accrual on projects		24,071,455		23,637,751
Total	$	30,740,759	$	29,528,262

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Inventories (Tables)

6 Months Ended

Jun. 30, 2013

Inventories [Abstract]

Schedule of Inventories

Inventories consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Raw materials	$	2,824,392	$	2,752,199
Finished goods		1,186,208		910,003
Project work-in-progress		6,420,757		4,796,871
Total	$	10,431,357	$	8,459,073

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Accounts Receivable, allowance for doubtful accounts	$ 1,735,507		$ 1,475,771
VIE short-term borrowing of the consolidated VIEs without recourse to Tri-Tech Holdings	13,962,011	[1]	8,150,041
Ordinary shares, par value	$ 0.01		$ 0.01
Ordinary shares, shares authorized	300,000,000		30,000,000
Ordinary shares, shares issued	8,274,506		8,259,506
Ordinary shares, shares outstanding	5,253,406		8,238,406
Treasury shares ,shares	21,100		21,100
VIEs [Member]
VIE short-term borrowing of the consolidated VIEs without recourse to Tri-Tech Holdings	$ 9,108,192		$ 2,754,158

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Other Current Assets

6 Months Ended

Jun. 30, 2013

Other Current Assets [Abstract]

Other Current Assets

8. Other Current Assets

Other current assets consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Advances to staff	$	1,370,801	$	1,343,985
Loan to third-party companies		725,144		678,511
Amount due from related parties		252,194		231,843
Rental Deposit		312,211		362,308
Prepaid expenses		425,012		397,550
Other		638,657		811,573
Total	$	3,724,019	$	3,825,770

Advances to staff were mainly for staff with long term assignment overseas for sales and project related work.

Loans to third-party companies were made for working capital purposes. $500,000 is for short-term of six months with 6% annualized interest rate, and $161,794 is for one year with no interest.

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (2,062,680)		$ 2,740,416
Adjustments to reconcile net (loss) income to cash used in operating activities:
Amortization of share-based compensation expense	235,145		530,588
Depreciation and amortization	643,102		582,513
Provision for doubtful accounts	228,656		243,367
Fair value change on contingent investment consideration			(7,000)
Loss on disposal of plant and equipment	16,702
Gain on investment in joint venture			(78,558)
Deferred income taxes	(41,007)		472,578
(Increase) decrease in current assets :
Accounts receivable	(13,284,694)		(3,492,534)
Unbilled revenue	10,491,452		(11,925,515)
Restricted cash	205,683
Other current assets	474,278		(907,482)
Inventories	(1,964,231)		1,164,228
Prepaid expenses	(21,095)		(145,032)
Prepayments	(5,575,111)		(3,513,501)
(Increase) decrease in current liabilities :
Accounts payable	592,229		(3,495,129)
Notes payable			(871,833)
Cost accrual on projects	753,716		4,560,906
Advance from customers	(232,865)		1,392,326
Other payables	751,897		4,585,357
Taxes payable	398,981		(66,531)
Accrued liabilities	(26,902)		(67,136)
Deferred revenue	(53,387)
Net cash provided by (used in) operating activities	(8,470,131)		(8,297,972)
CASH FLOWS FROM INVESTING ACTIVITIES:
Restricted cash received			348,969
Restricted cash related to advance from potential buyers of assets	(8,979,565)
Cash proceeds from potential asset sales	8,979,565
Payment in business acquisition			(35,273)
Cash paid on investment consideration			(75,159)
Cash acquired from business combination			31,336
Cash proceeds from disposal of PPE	27,405
Payment to purchase plant and equipment	(108,709)		(205,204)
Cash paid to acquire intangible asset			(36,970)
Cash paid for construction in progress	(319,048)		(164,126)
Payment of loan to third-party companies			665,885
Collection of loan to third-party companies			(423,069)
Net cash (used in) provided by investing activities	(400,352)		106,389
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank borrowings	7,518,779		8,538,745
Payment of bank borrowing	(1,925,854)		(1,753,987)
Proceeds from amount due from shareholder	6,491
Proceeds from loan from third-party companies and individuals	5,712,976		215,620
Payment of loan from third-party companies and individuals	(2,125,078)		(379,499)
Proceeds from loan from non-controlling shareholders			776,865
Payment of loan from non-controlling shareholders	(2,898,922)		(1,988,141)
Net cash provided by financing activities	6,288,392		5,409,603
EFFECTS OF EXCHANGE RATE CHANGE IN CASH	(9,855)		408,797
DECREASE IN CASH	(2,591,946)		(2,373,183)
CASH, beginning of the period	8,098,657		11,935,746
CASH, end of the period	5,506,711	[1]	9,562,563
Supplemental disclosure for cash flow information:
Income taxes paid	108,777		154,361
Interest paid on debt	836,104		386,107
Supplemental disclosure for noncash investing activity:
Issued 30,207 and 35,974 ordinary shares as one of the consideration in business combination			229,875
Gain on long-term investment to India Joint Venture			78,558
Fair value change on contingent consideration payable			$ 7,000

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Options Issued to Employees (Tables)

6 Months Ended

Jun. 30, 2013

Options Issued to Employees [Abstract]

Summary of Outstanding Options Weighted Average Fair Value and Life

The following table summarizes the outstanding options, related weighted average fair value and life information as of June 30, 2013.

	Options Outstanding						Options Exercisable
Range of Exercise Price Per Share	Number outstanding as of June 30,2013		Weighted Average Fair Value		Weighted average Remaining Life (Years)		Number Exercisable as of June 30,2013		Weighted Average Exercise Price
$2.75 - $7.63		893,312	$	2.32		5.91		677,316	$	5.93

Summary of Option Activity

A summary of option activity under the employee share option plan as of June 30, 2013 and 2012, and changes during the periods then ended is presented below:

Options	Number of shares		Exercise Price		Remaining Life(Years)		Aggregated Intrinsic Value
Outstanding as of January 01, 2013		893,312	$	5.93		6.41	$	-
Granted during the period		-		-		-		-
Exercised during the period		-		-		-		-
Forfeited during the period		-		-		-		-
Outstanding as of June 30, 2013		893,312	$	5.93		5.91	$	-

Options	Number of shares			Exercise Price		Remaining Life(Years)		Aggregated Intrinsic Value
Outstanding as of January 01, 2012		426,400		$	6.75		2.69	$	-
Granted during the period		450,016			7.63		9.73		-
Exercised during the period		-			-		-		-
Forfeited during the period		(3,600	)		6.75		2.57		-
Outstanding as of June 30, 2012		872,816		$	7.20		6.32	$	-

Summary of Unvested Options

A summary of unvested options under the employee share option plan as of June 30, 2013 and 2012, and changes during the periods then ended is presented below:

Options	Number of Shares		Fair Value
Unvested as of January 01, 2013		437,004	$	2.32
Granted during the period		-		-
Vested during the period		-		-
Forfeited during the period		-		-
Unvested as of June 30, 2013		437,004	$	2.32
Expected to vest thereafter		437,004	$	2.32

Options	Number of Shares			Fair Value
Unvested as of January 01, 2012		309,900		$	3.53
Granted during the period		-			-
Vested during the period		-			-
Forfeited during the period		(3,600	)		-
Unvested as of June 30, 2012		306,300		$	3.53
Expected to vest thereafter		306,300		$	3.53

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CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2013		Dec. 31, 2012
Current assets
Cash	$ 5,506,711	[1]	$ 8,098,657
Restricted cash	14,095,989	[1]	4,352,443
Accounts and notes receivable, net of allowance for doubtful accounts of $1,735,507 and $1,475,771 as of June 30, 2013 and December 31, 2012, respectively	31,841,682	[1]	18,598,110
Unbilled revenue	23,978,677	[1]	27,954,525
Other current assets	3,724,019	[1]	3,825,770
Inventories	10,431,357	[1]	8,459,073
Deposits on projects	1,193,325	[1]	1,469,550
Prepayments to suppliers and subcontractors	15,553,537	[1]	9,353,490
Total current assets	106,325,297		82,111,618
Long-term unbilled revenue	45,327,393	[1]	51,219,694
Long-term accounts receivable	746,583		413,770
Plant and equipment, net	1,685,334	[1]	1,764,784
Construction in progress	5,786,168		5,359,466
Intangible assets, net	10,684,790	[1]	10,902,932
Long-term restricted cash	2,582,777		3,464,524
Goodwill	1,441,278		1,441,278
Total Assets	174,579,620		156,678,066
Current liabilities
Accounts payable	6,669,304		5,890,511
Costs accrual on projects	24,071,455	[1]	23,637,751
Advance from customers	1,442,889	[1]	1,157,247
Advance from potential buyer of assets	8,979,565
Loan from third party companies and individuals	10,214,396	[1]	6,400,659
Amount due to noncontrolling interest investor	6,817,202		9,047,068
Amount due to related party	1,682,143		1,656,420
Other payables	663,962	[1]	461,258
Taxes payable	6,362,946	[1]	5,577,533
Accrued liabilities	504,185	[1]	485,354
Payable on investment consideration	582,966		582,966
Deferred income taxes	1,803,240	[1]	1,782,786
Deferred revenue	241,193		289,485
Short-term bank borrowing (including VIE short-term borrowing of the consolidated VIEs without recourse to Tri-Tech Holdings of $9,108,192 and $2,754,158 as of June 30, 2013 and December 31, 2012, respectively)	13,962,011	[1]	8,150,041
Total current liabilities	83,997,457		65,119,079
Noncurrent deferred income taxes	3,801,078		3,699,790
Long-term bank borrowing	13,545		17,976
Corporate bond	7,935,122		7,935,122
Total Liabilities	95,747,202		76,771,967
Tri-Tech Holding Inc. shareholders' equity
Ordinary shares ($0.001 par value, 30,000,000 shares authorized; 8,274,506 and 8,259,506 shares issued as of June 30, 2013 and December 31, 2012, respectively; 8,253,406 and 8,238,406 shares outstanding as of June 30, 2013 and December 31, 2012, respectively)	8,274		8,259
Additional paid-in-capital	50,354,573		50,119,428
Statutory reserves	2,246,910		2,246,910
Retained earnings	15,337,603		17,038,396
Treasury shares (21,100 shares in treasury as of June 30, 2013 and December 31, 2012, respectively)	(193,750)		(193,750)
Accumulated other comprehensive income	5,774,960		5,086,827
Total Tri-Tech Holding Inc. shareholders' equity	73,528,570		74,306,070
Noncontrolling interests	5,303,848		5,600,029
Total equity	78,832,418		79,906,099
Total Liabilities and Equity	$ 174,579,620		$ 156,678,066

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Loans from Third-party Companies and Individual (Tables)

6 Months Ended

Jun. 30, 2013

Loans From Third Party Companies And Individual [Abstract]

Loans from Third-party Companies and Individual

The loans from third-party companies and individual as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Nuwell Asia Limited	$	200,000	$	500,000
Lin Bin		1,150,000		1,150,000
Beijing Liyuanshida Technology Co., Ltd		5,945,162		2,968,941
Xuzhou Weisi water technology co., LTD		-		643,697
Beijing Sridi Technology Co., Ltd		-		325,584
China automation control co., LTD		50,285		241,345
Loan from employees		2,072,803		-
Other		796,146		571,092
Total	$	10,214,396	$	6,400,659

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Construction in Progress (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Construction In Progress [Line Items]
Construction in progress of the Baoding facility	$ 5,786,168	$ 5,359,466
Baoding facility [Member]
Construction In Progress [Line Items]
Construction in progress of the Baoding facility	$ 5,746,914

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Inventories (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Inventories [Abstract]
Raw materials	$ 2,824,392		$ 2,752,199
Finished goods	1,186,208		910,003
Project work-in-progress	6,420,757		4,796,871
Total	$ 10,431,357	[1]	$ 8,459,073

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Corporate Bond

6 Months Ended

Jun. 30, 2013

Corporate Bond [Abstract]

Corporate Bond

23. Corporate Bond

On September 26, 2012, TTB issued Bonds worth an aggregate of RMB 50 million (approximately $7.94 million). The Bonds were issued to sophisticated investors including financial institutions, secured by pledging the land use right and buildings of Baoding, and will be traded on an inter-bank bond market. The Bonds have a term of three years and carry an interest rate of 6.2%. Interest is paid annually on September 21. In connection of the asset sale in Baoding, the Company has been investigating the possibility of repaying the corporate bond with this fund, and a meeting among the Company, the underwriter, the bond purchasers and overseeing authorities has been scheduled on 15 August, 2013 to decide whether the bond shall be redeemed prior to maturity.

The corporate bond interest expenses for the three months ended June 30, 2013 and 2012 were $124,527 and nil, respectively.

The corporate bond interest expenses for the six months ended June 30, 2013 and 2012 were $246,273 and nil, respectively.

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Advance from Potential Buyer of Assets

6 Months Ended

Jun. 30, 2013

Advance from Potential Buyer of Assets [Abstract]

Advance from Potential Buyer of Assets

17. Advance from Potential Buyer of Assets

The company entered into a cooperation agreement with Tianjin Baodi Economic Development Zone Government (the "buyer") on April 26, 2013, planning to sell its real property in Baoding for an acquisition price for approximately $18.7 million. The carrying value of the assets for sale amounts to approximately $18.7 million, including land use right of approximately $5.5 million, construction in progress of approximately $5.7 million, prepayments of approximately $1.1 million, committed contract of approximately $6.2 million and along with other operation expense.

In connection of the asset sale in Baoding, the Company received approximately $9.0 million as the first payment from the buyer by June 30, 2013, and has been investigating the possibility of repaying its $7.9 million corporate bond with this fund. The assets subject to sales are pledged as the collateral to the $7.9 million corporate bond and there are restrictions to the sales of assets due to the fact that the bond subscription agreement didn't anticipate a redemption prior to maturity and related restrictions on the bond guarantee agreement. Consequently, a meeting among the Company, the underwriter, the bond purchasers and overseeing authorities has been scheduled on 15 August, 2013 to decide whether the bond shall be redeemed prior to maturity. Due to this reason, the assets are not available for immediate sale in its present condition, and thus the Company did not classify them as held for sale for the period ended June 30, 2013.

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Options Issued to Employees (Summary of Option Activity) (Details) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2011
Number of shares
Exercised during the period	(93,700)
Exercise Price
Granted during the period	$ 6.75
Share Incentive Plan [Member]
Number of shares
Outstanding	893,312	426,400	426,400
Granted during the period		450,016
Exercised during the period
Forfeited during the period		(3,600)
Outstanding	893,312	872,816	893,312	426,400
Exercise Price
Outstanding	$ 5.93	$ 6.75	$ 6.75
Granted during the period		$ 7.63
Exercised during the period
Forfeited during the period		$ 6.75
Outstanding	$ 5.93	$ 7.20	$ 5.93	$ 6.75
Remaining Life (Years)
Outstanding	5 years 10 months 28 days	6 years 3 months 26 days	6 years 4 months 28 days	2 years 8 months 9 days
Granted during the period		9 years 8 months 23 days
Exercised during the period
Forfeited during the period		2 years 6 months 26 days
Aggregated Intrinsic Value
Outstanding
Outstanding

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Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2013

Other Current Assets [Abstract]

Other Current Assets

Other current assets consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Advances to staff	$	1,370,801	$	1,343,985
Loan to third-party companies		725,144		678,511
Amount due from related parties		252,194		231,843
Rental Deposit		312,211		362,308
Prepaid expenses		425,012		397,550
Other		638,657		811,573
Total	$	3,724,019	$	3,825,770

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Prepayments to suppliers and subcontractors (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Prepayments to suppliers and subcontractors [Abstract]
Prepayments to suppliers and subcontractors	$ 15,553,537	[1]	$ 9,353,490

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Other Payables (Tables)

6 Months Ended

Jun. 30, 2013

Other Payables [Abstract]

Other Payables

Other payables were non-project related as shown below:

	June 30,2013		December 31,
	(Unaudited)		2012
Corporate bond interest payable	$	281,951	$	130,745
Others		382,011		330,513
Total	$	663,962	$	461,258

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Summary of Significant Accounting Policies (Schedule of Intangible Assets Expected Useful Economic Lives) (Details)	6 Months Ended
	Jun. 30, 2013
Proprietary Technology [Member] | Sewage, municipal solid waste treatment and tail gas purification [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	20 years
Proprietary Technology [Member] | Energy consumption data transmission system [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	20 years
Management System [Member] | Large region environmental [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Management System [Member] | Mobile web [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Management System [Member] | Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Pollution Reduction Checking Assistant [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Water Pollution Control Infrastructure [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Software [Member] | Gas Flow [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	20 years
Software [Member] | Oil Mixing [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	20 years
Software [Member] | Crude Blending [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Customer Relationship [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	5 years
Land use right [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	50 years
Know-how [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	8 years
Know-how [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years
Contract backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	1 year

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies [Abstract]

Principles of consolidation and basis of presentation

Principles of consolidation and basis of presentation

The accompanying consolidated balance sheet as of December 31, 2012, which has been derived from the audited financial statements, and the unaudited interim consolidated financial statements as of June 30, 2013 and for the three and six month periods ended June 30, 2013 and 2012 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures, which are normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation. The interim financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, previously filed with the SEC.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company's consolidated financial position as of June 30, 2013, and its consolidated results of operations and cash flows for the three and six month periods ended June 30, 2013 and 2012, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

The Company compiles its daily financial records in accordance with the generally accepted accounting principles of the PRC ("PRC GAAP") and converts its financial statements according to accounting principles generally accepted in the United States of America ("US GAAP") when reporting.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing its financial statements are reasonable and prudent. Actual results could differ from these estimates.

Certain of the Company's accounting policies require higher degrees of professional judgment than others in their application. These include the recognition of revenue under the percentage of completion method, the allowance for doubtful accounts, long term contract collectability, impairment of fixed assets and intangible assets, income tax and contingent investment payables. Management evaluates all of its estimates and judgments on an on-going basis.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents are composed primarily of time deposits and investments in money market accounts and are stated at cost which approximates fair value.

Restricted Cash

Restricted Cash

The current restricted cash balance at June 30, 2013 and December 31, 2012 was $14,095,989 and $4,352,443, respectively. The long-term restricted cash balance at June 30, 2013 and December 31, 2012 was $2,582,777 and $3,464,524, respectively. The restricted cash was deposited as collateral in exchange of the issuance of letters of credit. For details, refer to Note 5 of these consolidated financial statements.

Accounts and Notes Receivable

Accounts and Notes Receivable

Accounts and notes receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the Company's existing accounts receivable. The Company makes an allowance for doubtful accounts based on the aging of accounts receivable and on any specifically identified accounts receivable that may become uncollectible.

Inventories

Inventories

The Company values inventory at the lower of cost or net realizable value and determines inventory using the weighted average cost method. Inventory consists of raw materials, finished goods, and work-in-progress, which includes the cost of direct labor, materials and direct overhead costs related to the projects.

Long-term Unbilled Receivables

Long-term Unbilled Receivables

The Company obtained several Build-Transfer ("BT") contracts with billing cycles of over three years in recent years. Due to the nature of the BT projects, the related revenue has been discounted and recorded as long-term unbilled receivables and the discount rate is the 3-year nominal interest rate of 6.15%, set by the People's Bank of China, the PRC's central bank. For the contract that a specific discount rate is agreed in the contract, that specific rate is applied. These projects are funded by local governments with central government project appropriation, so the Company does not have any significant collection risk on such projects.

Plant and Equipment

Plant and Equipment

The Company states plant and equipment at cost less accumulated depreciation. The Company computes depreciation using the straight-line method over the estimated useful lives of the assets with a 3%-5% estimated residual value.

Estimated useful lives of the Company's assets are as follows:

Asset	Useful Life
Buildings and improvements	40-50 years
Transportation equipment	5-10 years
Machinery	10 years
Office equipment	5 years
Furniture	5 years

The Company eliminates the cost and related accumulated depreciation of assets sold or otherwise retired from the accounts and includes any gain or loss in the statement of income as an offset or increase to other income (expense) for the period. The Company charges maintenance, repairs and minor renewals directly to expense as incurred, and capitalizes major additions and betterments to buildings and equipment.

Valuation of Long-Lived Assets

Valuation of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets, including plant and equipment, and finite life intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. To the extent the estimated undiscounted future cash inflows attributable to the asset, less estimated undiscounted future cash outflows, are less than the carrying amount, the Company recognizes an impairment loss in an amount equal to the difference between the carrying value of such assets and fair value. No impairment indicator is noted in the prior or current years. The Company reports assets for which there is a committed disposition plan, whether through sale or abandonment, at the lower of carrying value or fair value less costs to sell. No such assets are identified in prior and current years.

The Company evaluates the periods of depreciation and amortization to determine whether subsequent events and circumstances cause revised estimates of useful lives.

Intangible Assets

Intangible Assets

The Company amortizes acquired intangible assets with definite lives on a straight-line basis over their expected useful economic lives. The Company also performs impairment test if events or changes in circumstances indicate that the assets might be impaired.

	Useful Life
Proprietary technology relating to sewage, municipal solid waste treatment and tail gas purification	20 years
Proprietary technology relating to low energy consumption data transmission system	20 years
Large region environmental management system	10 years
Mobile web management system	10 years
Database management system	10 years
Pollution reduction checking assistant	10 years
Water pollution control infrastructure	10 years
Software-gas flow	20 years
Software-oil mixing	20 years
Software-crude blending	10 years
Customer relationship	5 years
Land use right	50 years
Know-how	8-10 years
Contract backlog	1 year

Goodwill

Goodwill

Goodwill represents the excess of the fair value of consideration transferred (plus the fair value of the non-controlling interest, if any) over the fair value of the net assets acquired (including recognized intangibles). Goodwill is not amortized; rather, impairment tests are performed at least annually or more frequently if circumstances indicate impairment may have occurred. If impairment exists, goodwill is immediately written down to fair value and the loss is recognized in the consolidated income statements. The Company assesses impairment annually or whenever events or changes indicate that, more likely than not, the carrying value of goodwill has been impaired. The Company uses the income approach to estimate the fair value of the reporting unit of the goodwill. The income approach is based on the long-term projected future cash flows of the reporting units. The Company discounts the estimated cash flows to present value using a weighted-average cost of capital that considers factors such as the timing of the cash flows and the risks inherent in those cash flows.

Revenue Recognition

Revenue Recognition

The Company's revenues consist primarily of three categories: (i) System Integration, (ii) Hardware Product Sales, and (iii) Software Product Sales. The Company recognizes revenue when there is evidence of an arrangement, the consideration to be received is fixed or determinable, products are delivered, or services rendered, and collectability is assured.

For System Integration, sales contracts are usually structured with fixed price or fixed unit price. The contract periods range from two months to approximately three years in length. The Company recognizes revenue from these contracts following the percentage-of-completion method, measured by different stages of completion in accordance with ASC 605-35, "Construction-Type and Production-Type Contracts". Only if the actual implementation status meets the established stage will the Company recognize the relevant portion of the revenue. There are four major stages for the System Integration revenue recognition: (a) the completion of project design, (b) the delivery of products, (c) the completion of debugging, and (d) inspection and acceptance. For BT projects, such as the Ordos drinking water plant project, the Company recognizes the project revenue using the man-power hours as the measurement for percentage of completion.

Provided unapproved change orders or claims occur in the future, in accounting for contracts, we follow Paragraphs 30 and 31 of ASC 605-35-25, "Construction-Type and Production-Type Contracts". The Company recognizes revenue from unapproved change orders or claims only to the extent that contract costs relating to the unapproved change orders or claims have been incurred, and only if it is probable that such unapproved change orders or claims will result in additional contract revenue and the amount of such additional revenue can be reliably estimated. Until today, no unapproved change orders have been experienced in the ordinary business operation.

For Hardware Product Sales, the Company recognizes the revenue only when all products are delivered and the acceptance confirmations are signed by the customers, according to ASC 605-10, "Revenue Recognition". The Company is not obligated for any repurchase or return of the goods.

The Company presents all sales revenue net of a value-added tax ("VAT"). The Company's products sold in China are generally subject to a Chinese VAT of 17% of the sales price, except for certain proprietary software sales which will only be subject to an effective tax rate of 3%. The VAT payable may be offset by VAT paid by the Company on purchased raw materials and other materials included in the cost of projects or producing the finished product.

The Company records revenue in excess of billings as "unbilled revenue". For revenues accounted for under this account, we expect the amounts to be billed within one year. For those with a bill collection period longer than one year, we classify them under "Long-term unbilled revenue" on the consolidated balance sheets.

Research and Development (R&D)

Research and Development (R&D)

Research and development expenses include salaries for R&D staff, consultant fees, supplies and materials, as well as other overhead such as depreciation, facilities, utilities, and other R&D related expenses. The Company expenses costs for the development of new software products and substantial enhancements to existing software products as incurred until technological feasibility has been established, at which time any additional costs are capitalized. The management of the Company is responsible for assessing the establishment of technological feasibility in accordance with ASC 985-20, "Costs of Software to Be Sold, Leased, or Marketed".

Foreign Currency Translation

Foreign Currency Translation

The Company uses the United States dollar ("USD") as its reporting currency. The functional currency of TRIT, TTII and TIS is USD, the functional currency of TII, Buxar, Begusarai, Hajipur and WOS is India National Rupee ("INR"), the functional currency of TRIT's subsidiaries in China is Renminbi ("RMB"). The Company translates monetary assets and liabilities denominated in currencies other than United States dollars into USD at the exchange rate ruling at the balance sheet date. The Company converts non-USD transactions during the year into USD with the prevailing exchange rate on the transaction dates.

The Chinese subsidiaries of TRIT maintain their financial records in RMB. The value of the assets and liabilities were converted with the exchange rate on the balance sheet date; and their revenue and expenses with a weighted average exchange rate for the reporting period. The Company reflects translation adjustments as "Accumulated other comprehensive income (loss)" in shareholders' equity.

Transaction gains and losses that arise from exchange rate fluctuations on transactions in a currency other than the functional currency are recognized as foreign currency transaction gain or loss in the result of operations as incurred.

Translation adjustments amounted to $5,774,960 and $5,086,827 as of June 30, 2013 and December 31, 2012, respectively. The Company translated balance sheet amounts with the exception of equity at June 30, 2013 at RMB6.1807 to US$1.00 and INR59.6320 to US$1.00 as compared to RMB6.3011 to US$1.00 and INR54.8390 to US$1.00 as of December 31, 2012. The Company stated equity accounts at their historical rate. The average translation rates applied to income statement accounts for the three-month period ended June 30, 2013 were RMB6.2065 and INR55.7336 to US$1.00, respectively. The average translation rates applied to income statement accounts for the six-month period ended June 30, 2013 were RMB6.2437 and INR54.9731 to US$1.00, respectively.

The translation rates between RMB and USD are according to State Administration of Foreign Exchange. The translation rates between INR and USD are according to Oanda.com.

Income Taxes

Income Taxes

The Company provides for deferred income taxes using the asset and liability method. Under this method, the Company recognizes deferred income taxes for tax credits and net operating losses available for carry-forwards and significant temporary differences. The Company classifies deferred tax assets and liabilities as current or non-current based upon the classification of the related asset or liability in the financial statements or the expected timing of their reversal if they do not relate to a specific asset or liability. The Company provides a valuation allowance to reduce the amount of deferred tax assets if it is considered more likely than not that some portion or all of the deferred tax assets will not be realized.

The Company adopted Financial Accounting Standards Board ("FASB") accounting standard codification 740 (ASC 740), as of January 1, 2007. The Company recognizes a tax position as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that the Company believes is more than 50% likely to be realized on examination. For tax positions not meeting the "more likely than not" test, the Company does not record it as a tax benefit. The Company also adopts ASC 740 guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. It had no effect on the Company's financial statements as of June 30, 2013 and December 31, 2012. The Company did not have any significant unrecognized uncertain tax positions as of June 30, 2013 and December 31, 2012. 

The Company's operations are subject to income and transaction taxes in China since most of the business activities take place in China. Significant estimates and judgments are required in determining the Company's provision for income taxes. Some of these estimates are based on interpretations of existing tax laws or regulations. The ultimate amount of tax liability may be uncertain as a result. The Company does not anticipate any events which could change these uncertainties.

Share-based Compensation

Share-based Compensation

The Company adopted the fair value recognition provisions of ASC 718, "Compensation-Stock Compensation" and ASC 505-50, "Equity-Based Payments to Non-Employees".

The Company recognizes compensation expense for all share-based payment awards made to the employees and directors. The fair value of share-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the vesting period. Determining the fair value of share-based awards at the grant date requires considerable judgment, including estimating expected volatility, expected term and risk-free rate. The expected term is based upon the period of time for which the share option is expected to be outstanding. The expected volatility of the share options is based upon the historical volatility of our share price. The risk-free interest rate assumption is based upon China international bond rates for a comparable period. If factors change and we employ different assumptions, share-based compensation expense may differ significantly from what we have recorded in the past.

Earnings per Share

Earnings per Share

Basic EPS excludes dilution and is computed by dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares (convertible preferred stock, forward contract, warrants to purchase ordinary share, contingently issuable shares, ordinary share options and warrants and their equivalents using the treasury stock method) were exercised or converted into ordinary shares. The Company excludes potential ordinary shares in the diluted EPS computation in periods of losses from continuing operations, as their effect would be anti-dilutive.

The Company has granted 185,000 warrants to the placement agent in our IPO and to our investor relations consultant. During the first financing after IPO, the Company has also agreed to issue the underwriters a warrant to purchase a number of ordinary shares equal to an aggregate of 10% of the ordinary shares sold in the offering, excluding over-allotments. The warrants will have an exercise price equal to 145% of the offering price. Accordingly, in April 2010, the Company issued 214,275 warrants with an exercise price per share of $20.30. These warrants have an anti-dilutive effect due to the fact that the weighted average exercise price per share of these warrants is higher than the weighted average market price per share of an ordinary share during the quarter ended June 30, 2013. 170,000 warrants had been exercised at a price equal to $8.10 per share as of June 30, 2013. As of June 30, 2013, the Company has granted 1,008,516 options to our key employees, and 93,700 options had been exercised at a price equal to $6.75 per share.

Comprehensive Income

Comprehensive Income

Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. The Company has chosen to report comprehensive income in the statements of income and comprehensive income.

Financial Instruments

Financial Instruments

The Company carries financial instruments, which consists of cash and cash equivalents, accounts receivable, accounts payable, short-term bank borrowings and other payables at cost, which approximate fair value due to the short-term nature of these instruments. The Company does not use derivative instruments to manage risks.

Segments

Segments

The Company identifies segments by reference to its internal organization structure and the factors that the chief operating decision maker uses to make operating decisions and assess performance.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

The FASB has issued Accounting Standards Update (ASU) No. 2013-04 through No. 2013-08. None of the standard is expect to have a material impact on the Company's consolidated financial position or results of operations.

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Certain Significant Risks and Uncertainty

6 Months Ended

Jun. 30, 2013

Certain Significant Risks and Uncertainty [Abstract]

Certain Significant Risks and Uncertainty

29. Certain Significant Risks and Uncertainty

The Company's substantial operations are carried out in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC and by the general state of the PRC economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and West Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.  

The Company has three customers who represented 13%, 12% and 11% of the Company's revenue for the quarter ended June 30, 2013, respectively. The Company has one customer who represented over 10% of the Company's revenue for the six months ended June 30, 2013.

Our suppliers vary from project to project. Many times, they are specifically appointed by the clients. Most of the material or equipment we purchase is non-unique and easily available in the market. The prices for those purchases, although increasing, are relatively consistent and predictable. A specific supplier might take up a significant percentage of our total purchase at a certain time for a large contract. However, the dependence on a specific supplier usually ends when the project is completed. We do not rely on any single supplier for our long-term needs.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies

30. Commitments and Contingencies

Operating Leases

As of June 30, 2013, the Company had commitments under certain operating leases, requiring annual minimum rentals as follows:

For the Years Ended December 31,	Amount
Remainder of 2013	$	323,393
2014		852,508
2015		448,015
2016		239,012
Total	$	1,862,928

The leased properties are principally located in the PRC and are used for administration and research and development purposes. The terms of these operating leases vary from one to five years. Pursuant to the contracts, when they expire, we have the rights to extend them with new negotiated prices. Rental expenses were $254,380 and $279,806 for the quarter ended June 30, 2013 and 2012, respectively.

Capital Commitment

In relation to the construction of our research, development and production base in Baodi, Tianjin, the Company committed to pay the construction suppliers an approximate amount of $6.5 million in September 2013 for the undergoing contracts.

Product Warranties

The Company's warranty policy generally is to replace parts if they become defective within one year after deployment at no additional charge. Historically, failure of product parts due to materials or workmanship has not been significant. The Company has not incurred any material unexpected costs associated with servicing its warranties. The Company continuously evaluates and estimates its potential warranty obligations, and records the related warranty obligation when the estimated amount becomes material at the time revenue is recorded.

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Unbilled Revenue

6 Months Ended

Jun. 30, 2013

Unbilled Revenue [Abstract]

Unbilled Revenue

7. Unbilled Revenue

For revenues accounted for under this account, we expect the amounts to be billed and collected within one year. For those with a bill period longer than one year, we classify them under "Long-term unbilled revenue" on the consolidated balance sheets.

The unbilled revenue as of June 30, 2013 and December 31, 2012 are as the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Current unbilled revenue	$	23,978,677	$	27,954,525
Long-term unbilled revenue		45,327,393		51,219,694
Total	$	69,306,070	$	79,174,219

As of June 30, 2013, $8,089,699 of the current unbilled revenue, and $31,978,553 of the long-term unbilled revenue was related to the Ordos project. As of June 30, 2013, $6,868,987 of the current unbilled revenue was related to India projects, none of the long-term unbilled revenue was related to India projects. The remaining balance was for various other on-going projects. All of the balances are considered collectible.

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Company Background (Details)	1 Months Ended	6 Months Ended				6 Months Ended	1 Months Ended				0 Months Ended		1 Months Ended
	Nov. 28, 2008	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Oct. 19, 2011 USD ($)	Oct. 19, 2011 INR	Jun. 30, 2013 Yanyu [Member]	Jun. 18, 2011 Yuanjie [Member] USD ($)	Jun. 18, 2011 Yuanjie [Member] CNY	Aug. 23, 2011 Buerjin [Member] USD ($)	Aug. 23, 2011 Buerjin [Member] CNY	Mar. 08, 2012 Xushui [Member] USD ($)	Mar. 08, 2012 Xushui [Member] CNY	Oct. 19, 2011 TIS [Member] USD ($)	Oct. 19, 2011 TIS [Member] INR	May 19, 2012 TIS [Member] USD ($)	May 19, 2012 TIS [Member] INR	May 18, 2012 TIS [Member]	Aug. 30, 2012 WOS [Member] USD ($)	Jul. 02, 2012 Three Offices In India [Member] USD ($)
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of subsidiaries		16
Equity ownership						92.86%
Total investment							$ 1,704,085	10,990,500
Percentage of ownership control							51.00%	51.00%										99.00%	100.00%
Registered capital				20,833	1,000,000				1,573,589	10,000,000	2,372,104	15,000,000						1,980	0
Registered capital, amount paid									937,690	6,000,000	474,421	3,000,000
Percentage of ownership control									80.00%	80.00%
Ownership interest in joint venture											100.00%	100.00%			76.00%	76.00%	30.00%
The company's share of net income (loss) from the joint venture			78,558										20,613	300,000
Investment in joint venture				6,985	300,000								6,985	300,000	55,886	2,217,000
Additional investment consideration															$ 35,273	1,917,000		$ 20
Percentage of ownership by noncontrolling owners															46.00%	46.00%		1.00%
Contractual agreements, renewable term	25 years

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Amount Due to Noncontrolling Interest Investor (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Related Party Transaction [Line Items]
Principal	$ 4,407,268		$ 4,407,268		$ 7,354,271
Interest payable to noncontrolling interest investor	2,409,934		2,409,934		1,692,797
Total	6,817,202		6,817,202		9,047,068
Interest rate, monthly	1.50%		1.50%
Noncontrolling interest investor interest expenses	$ 197,503	$ 289,660	$ 522,469	$ 549,011
Minimum [Member]
Related Party Transaction [Line Items]
Term			1 month
Maximum [Member]
Related Party Transaction [Line Items]
Term			12 months

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Bank Borrowings

6 Months Ended

Jun. 30, 2013

Bank Borrowings [Abstract]

Bank Borrowings

24. Bank Borrowings

The table below presents the bank borrowing interest rates and the amount borrowed as of June 30, 2013 and December 31, 2012.

Bank Name	Annual Interest Rate			Terms			As of June 30, 2013 (Unaudited)		As of December 31, 2012
Citic Bank		7.800	%		2012-12-6	2013-12-6	$	4,853,819	$	4,761,073
Bank of Hangzhou		7.872	%		2012-3-20	2013-3-19		-		634,810
Bank of Hangzhou		7.872	%		2012-4-19	2013-4-18		-		36,406
Bank of Hangzhou		7.216	%		2012-4-28	2013-4-26		-		337,216
China Merchants Bank		7.200	%		2012-8-31	2013-8-31		1,175,617		1,946,666
Bank of Hangzhou		6.442	%		2013-1-3	2014-1-4		589,739		-
China Merchants Bank		7.135	%		2013-3-16	2014-2-15		808,970		-
Industrial and Commercial Bank of China		6.420	%		2013-1-31	2013-7-30		1,836,362		-
Bank of Hangzhou		6.000	%		2013-4-1	2014-3-30		647,176		-
Industrial and Commercial Bank of China		6.000	%		2013-6-27	2014-6-26		1,617,940		-
China Merchants Bank		7.200	%		2012-8-31	2013-8-30		442,322		433,870
Industrial and Commercial Bank of China		5.880	%		2013-3-15	2013-9-13		970,764		-
Industrial and Commercial Bank of China		5.600	%		2013-6-25	2013-12-24		1,019,302		-
Total short-term bank borrowings							$	13,962,011	$	8,150,041
ICICI BANK LTD. (Scorpio)		11.990	%		2012-5-1	2016-4-30		7,605		9,460
ICICI BANK LTD. (VENTO)		12.250	%		2012-1-15	2015-1-14		5,940		8,516
Total long-term bank borrowings							$	13,545	$	17,976

The Company repaid $486,046 of the bank borrowings during the three-month period ended June 30, 2013. The bank loan from Citic Bank in the amount RMB30 million (US$4,853,819) was guaranteed by Mr. Peter Dong, Mr. Gavin Cheng, Mr. Phil Pan and Mr. Warren Zhao, and secured by pledging of accounts receivable from the Ordos Project. All of the remaining bank borrowings are credit loans.

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Accounts and Notes Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2013

Accounts and Notes Receivable, Net [Abstract]

Gross Balance and Bad Debt Provision

The gross balances and bad debt provisions as of June 30, 2013 and December 31, 2012 are as the following:

	June 30,2013			December 31,
	(Unaudited)			2012
Accounts receivable, gross	$	33,520,561		$	20,073,881
Less bad debt provision		(1,735,507	)		(1,475,771	)
Notes receivable		56,628			-
Accounts receivable, net	$	31,841,682		$	18,598,110

Changes in Allowances for Doubtful Accounts

The following analysis details the changes in the Company's allowances for doubtful accounts:

	June 30,2013		December 31,
	(Unaudited)		2012
Balance at beginning of the period	$	1,475,771	$	619,062
Increase in allowances during the period		259,736		950,302
Write-offs during the period		-		(93,593	)
Balance at the end of the period	$	1,735,507	$	1,475,771

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Options Issued to Employees (Summary of Outstanding Options Weighted Average Fair Value and Life) (Details) (Range One [Member], USD $)	6 Months Ended
	Jun. 30, 2013
Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price Per Share, lower limit	$ 2.75
Range of Exercise Price Per Share, upper limit	$ 7.63
Number outstanding as of June 30, 2013	893,312
Weighted Average Fair Value	$ 2.32
Weighted average Remaining Life (Years)	5 years 10 months 28 days
Number Exercisable as of June 30, 2013	677,316
Weighted Average Exercise Price	$ 5.93

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Deposits on Projects

6 Months Ended

Jun. 30, 2013

Deposits on Projects [Abstract]

Deposits on Projects

10. Deposits on Projects

Deposits on Projects consisted of the following:

	June 30, 2013		December 31,
	(Unaudited)		2012
Current:
Contract deposit	$	772,038	$	867,835
Bidding deposit		421,287		601,715
Total	$	1,193,325	$	1,469,550

Contract deposits are paid to customers for the promise that the service or products will be properly and timely provided. Bidding deposits are paid as a deposit for project bidding process. All of the deposits will be collected within one year.

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Taxes Payable (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Taxes Payable [Abstract]
Value-added tax payable	$ 4,498,243	$ 3,539,608
Business tax payable	1,331,574	1,493,704
Individual income tax payable	21,852	19,753
Income tax payable	1,128	87,189
Others	510,149	437,279
Total	$ 6,362,946	$ 5,577,533

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Other Current Assets (Schedule of Other Receivables) (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Other Current Assets [Abstract]
Advances to staff	$ 1,370,801	$ 1,343,985
Loan to third-party companies	725,144	678,511
Amount due from related parties	252,194	231,843
Rental Deposit	312,211	362,308
Prepaid expenses	425,012	397,550
Others	638,657	811,573
Total	$ 3,724,019	$ 3,825,770

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Accounts and Notes Receivable, Net

6 Months Ended

Jun. 30, 2013

Accounts and Notes Receivable, Net [Abstract]

Accounts and Notes Receivable, Net

6. Accounts and Notes Receivable, Net

Based on the Company's assessment, management believes the net balance on each balance sheet date herein was collectable. The gross balances and bad debt provisions as of June 30, 2013 and December 31, 2012 are as the following:

	June 30,2013			December 31,
	(Unaudited)			2012
Accounts receivable, gross	$	33,520,561		$	20,073,881
Less bad debt provision		(1,735,507	)		(1,475,771	)
Notes receivable		56,628			-
Accounts receivable, net	$	31,841,682		$	18,598,110

The allowance is based on the age of receivables and a specific identification of receivables considered at risk of collection. The following analysis details the changes in the Company's allowances for doubtful accounts:

	June 30,2013		December 31,
	(Unaudited)		2012
Balance at beginning of the period	$	1,475,771	$	619,062
Increase in allowances during the period		259,736		950,302
Write-offs during the period		-		(93,593	)
Balance at the end of the period	$	1,735,507	$	1,475,771

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Company Background

6 Months Ended

Jun. 30, 2013

Company Background [Abstract]

Company Background

1. Company Background

Tri-Tech Holding Inc. ("TRIT"), incorporated in the Cayman Islands, through its subsidiaries and contractually-controlled variable interest entities ("VIE") (collectively the "Company"), provides self-manufactured, proprietary or third-party products, system integration and other services in the following three segments: Water, Wastewater Treatment and Municipal Infrastructure, Water Resource Management System and Engineering Service, and Industrial Pollution Control and Safety.

RIT currently has sixteen subsidiaries, VIEs and joint venture partnership: (1) Tri-Tech International Investment, Inc. ("TTII"), (2) Tri-Tech (Beijing) Co., Ltd. ("TTB"), (3) Beijing Satellite Science & Technology Co. ("BSST"), (4) Tianjin Baoding Environmental Technology Co., Ltd. ("Baoding"), (5) Tranhold Environmental (Beijing) Tech Co., Ltd. ("Tranhold"), (6) Beijing Yanyu Water Tech Co., Ltd. ("Yanyu"), (7) Tri-Tech Infrastructure LLC, a Delaware limited liability company ("TIS"), (8) Ordos Tri-Tech Anguo Investment Co., Ltd. ("TTA"), (9) Beijing Huaxia Yuanjie Water Technology Co., Ltd ("Yuanjie"), (10) Buerjin Tri-Tech Industrial Co. Ltd. ("Buerjin"), (11) Tri-Tech Infrastructure (India) Pvt., Ltd. ("TII"), (12) Xushui Tri-Tech Sheng Tong Investment Co.,Ltd ("Xushui"), (13)Tri-Tech Beijing Co., Ltd. (Buxar)("Buxar"), (14) Tri-Tech Beijing Co., Ltd. (Begusarai) ("Begusarai"), (15) Tri-Tech Beijing Co., Ltd. (Hajipur) ("Hajipur"), and (16) Tri-tech India Pvt.,Ltd. ("WOS"). The corporate structure is as follow:

Through a series of contractual agreements entered into in 2008 and 2010, the Company is deemed to be the sole indirect interest holder of Tranhold and BSST, and the indirect interest holder of 92.86% equity ownership in Yanyu. According to the provisions of ASC 810, "Consolidation", Tranhold, Yanyu and BSST are consolidated in the Company's financial statements. For BSST, the Company also applied the consolidation procedures required by ASC 805 "Business Combinations".

To expand its technical and geological market profile, on June 9, 2011, the Company acquired the total operating assets of J&Y International Inc. ("J&Y"), inclusive of its technical know-how, design prints, etc. J&Y subsequently became the J&Y Water Division of the Company's US subsidiary, TIS, according to the terms. J&Y's business, including design and production of industrial chemical water recovery, desalination plants, domestic and industrial wastewater treatment systems and reverse osmosis filtration systems are integrated into that of TIS.

On June 18, 2011, TTB entered into an investment agreement with Yuanjie and Yuanjie's original shareholder to increase the capital investment in Yuanjie. The total investment from TTB was RMB10,990,500, or approximately $1,704,085, and TRIT acquired 51% of control over Yuanjie after increasing its capital investment in Yuanjie.

On August 23, 2011, Buerjin was established for projects in the Xinjiang province, especially in Buerjin County. The registered capital amount is RMB10,000,000, or $1,573,589, and RMB6,000,000, or $937,690, has been paid in. The Company has 80% of control over this newly established subsidiary.

On March 8, 2012, Xushui was established in Hebei Province. The registered capital amount is RMB15,000,000, or $2,372,104. TTB has 100% of control over Xushui. RMB3,000,000, or $474,421, has been paid.

On May 19, 2012, TIS increased its equity ownership in TII from 30% to 76%, and became the controlling shareholder. The total investment from TIS was INR 2,217,000, or $55,886. The amount included initial investment of INR300,000 on October 19, 2011, which was adjusted to $20,613 due to the gain of TII from October 19, 2011 to May 19, 2012 and investment consideration of INR1,917,000, or $35,273 on May 19, 2012. TII was established for the purpose to support the India project business.

On July 2, 2012, TTB registered three project offices in India, namely, Buxar, Begusarai and Hajiour. The registered capital of each of the project offices is 0, and they are 100% owned by TTB.

On August 30, 2012, WOS was established under the regulation of India, TTB injected $1,980 as the paid up capital holding 99% of WOS, while TIS paid up $20 as investment and holds 1% share of WOS.

The Company's principal geographic market is the People's Republic of China ("PRC"). As PRC laws and regulations prohibit or restrict non-PRC companies to engage in certain government-related businesses, the Company provides its services in the PRC through Tranhold and Yanyu, both Chinese legal entities holding qualifications and permits necessary to conduct government-related services in the PRC. In order to avoid any restrictions that Tranhold or Yanyu might encounter during future business development, the Company concluded that TTII does not have parent-subsidiary relationship with either Tranhold or Yanyu.

By November 28, 2008, the Company had completed two stages of reorganization. The Company first recalled its shares from the original shareholders of Tranhold and Yanyu. These shareholders are major shareholders, directors, executives, officers and key employees of the Company. From a legal perspective, Tranhold and Yanyu returned to their status prior to the acquisitions in 2007. Concurrently, on November 28, 2008, the Company signed and executed with Tranhold and Yanyu a series of contractual agreements with a 25-year, renewable term. These contractual agreements require the pledge of the original shareholders' equity interests and share certificates of the VIEs. At any time during the agreement period, the Company has absolute rights to acquire any portion of the equity interests of those VIEs under no-cost conditions. In addition, the Company has absolute rights to appoint directors and officers of those VIEs and to obtain the profits from those VIEs.

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Other Payables (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Other Payables [Abstract]
Corporate bond interest payable	$ 281,951		$ 130,745
Others	382,011		330,513
Total	$ 663,962	[1]	$ 461,258

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Amounts Due to Related Party (Tables)

6 Months Ended

Jun. 30, 2013

Amounts Due to Related Party [Abstract]

Amounts Due to Related Party

Amounts due to related party as of June 30, 2013 and December 31, 2012 were:

	June 30, 2013		December 31,
	(Unaudited)		2012
Gavin Cheng (Shareholder / CEO)	$	510,850	$	510,850
Warren Zhao (Shareholder)		980,471		955,500
Peter Dong (Shareholder / COO)		161,794		158,702
Others		29,028		31,368
Total	$	1,682,143	$	1,656,420

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Prepayments to suppliers and subcontractors (Tables)

6 Months Ended

Jun. 30, 2013

Prepayments to suppliers and subcontractors [Abstract]

Prepayments to suppliers and subcontractors

	June 30, 2013		December 31,
	(Unaudited)		2012
Prepayments to suppliers and subcontractors	$	15,553,537	$	9,353,490
Total	$	15,553,537	$	9,353,490

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Options Issued to Employees (Summary of Unvested Options) (Details) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Weighted Average Fair Value
Granted during the period	$ 6.75
Unvested Options [Member]
Number of shares
Outstanding	437,004	309,900
Granted during the period
Vested during the period
Forfeited during the period		(3,600)
Outstanding	437,004	306,300
Expected to vest thereafter	437,004	306,300
Weighted Average Fair Value
Outstanding	$ 2.32	$ 3.53
Granted during the period
Vested during the period
Forfeited during the period
Outstanding	$ 2.32	$ 3.53
Expected to vest thereafter	$ 2.32	$ 3.53

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Intangible Assets, Net (Schedule of Amortization Expense) (Details) (USD $)	Jun. 30, 2013
Intangible Assets, Net [Abstract]
Remainder of 2013	$ 412,054
2014	823,419
2015	823,419
2016	613,498
2017	564,331
Thereafter	7,448,069
Total	$ 10,684,790

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Segment Information (Schedule of Segment Assets) (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Segment Reporting Disclosure [Line Items]
Assets	$ 174,579,620	$ 156,678,066
Segment 1 [Member]
Segment Reporting Disclosure [Line Items]
Assets	83,320,551	89,062,709
Segment 2 [Member]
Segment Reporting Disclosure [Line Items]
Assets	38,784,285	30,058,569
Segment 3 [Member]
Segment Reporting Disclosure [Line Items]
Assets	$ 52,474,784	$ 37,556,788

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Options Issued to Employees

6 Months Ended

Jun. 30, 2013

Options Issued to Employees [Abstract]

Options Issued to Employees

27. Options Issued to Employees

TRIT's 2009 Share Incentive Plan approved by its shareholders permits the Company to offer up to 525,500 shares, options and other securities to its employees and directors. On September 9, 2009, TRIT granted 525,500 share options with an exercise price equal to $6.75 to its senior management and employees. The options will vest on a schedule spanning 5 years contingent upon continuous service and will have 10-year contractual terms from September 9, 2009. The options will vest over five years at a rate of 20% per year, with the first 20% vesting on September 9, 2010. Certain options provide for accelerated vesting upon a change in control (as defined in the employee share option plan).

The fair value of options on the grant-date of September 9, 2009 was $3.53 per share, which was estimated by using the Black-Scholes Model. The total fair value of the options was $1,855,015. 313,500 and 210,200 options were vested as of June 30, 2013 and December 31, 2012, respectively. 93,700 and 93,700 options were exercised as of June 30, 2013 and December 31, 2012, respectively. A total of 9,000 and 9,000 options were forfeited as of June 30, 2013 and December 31, 2012, respectively.

TRIT's 2011 Share Incentive Plan (the "2011 Plan") approved by its shareholders permits the Company to offer up to 474,008 shares, options and other securities to its employees and directors. In connection with the 2011 Plan, on June 5, 2012, TRIT granted 450,016 share options to its senior management and directors, out of which 225,008 share options have an exercise price equal to $7.63, the exercise price for the remaining 225,008 share options equals to the closing price of the Company's ordinary shares on January 1, 2013, which was $2.75. 225,008 share options were vested immediately at the grant date, the remaining 225,008 share options were vested on January 1, 2013.

The fair value of the 255,008 share options on the grant-date June 5, 2012 was $1.55 per share, which was estimated by using the Binominal Model. Valuation assumptions used in the Binominal option-pricing model for options issued include (1) discount rate of 3.07% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 38%, and (3) zero expected dividends. The total fair value of the options was $348,762. The fair value of the remaining 225,008 options vested on January 1, 2013 was $1.20 per share, which was estimated by using the Binominal Model. Valuation assumptions used in the Binominal option-pricing model for options issued include (1) discount rate of 2.5% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 47%, (3) life of options of 9.2 years, and (4) zero expected dividends. The total fair value of the remaining options was $270,010.

Also in connection with the 2011 Plan, on June 4, 2012, TRIT granted 23,000 share options with an exercise price equal to $4.45 to its senior management, out of which half was vested on December 31, 2012 and 2013, respectively. The fair value of options per share on the grant-date of June 4, 2012 was $2.07, estimated by using the Binominal Model. Valuation assumptions used in the Binominal option pricing model for options issued include (1) discount rate of 3.15% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 45%, (3) life of options of 10.6 years, and (4) zero expected dividends. The total fair value of the options was $47,610.

Also in connection with the 2011 Plan, on September 17, 2012, TRIT granted 10,000 share options with an exercise price equal to $3.77 to its directors, out of which half was vested on September 18, 2012 and 2013, respectively. The fair value of options per share on the grant-date of September 17, 2012 was $1.68, estimated by using the Binominal Model. Valuation assumptions used in the Binominal option pricing model for options issued include (1) discount rate of 2.41% based upon China Sovereign Bonds yields in effect at the time of the grant, (2) expected volatility of 46%, (3) life of options of 10 years, and (4) zero expected dividends. The total fair value of the options was $16,800.

The option compensation expenses recognized were $96,954 and $439,675 for three months ended June 30, 2013 and 2012, respectively.

The following table summarizes the outstanding options, related weighted average fair value and life information as of June 30, 2013.

Options Outstanding							Options Exercisable
Range of Exercise Price Per Share	Number outstanding as of June 30,2013		Weighted Average Fair Value		Weighted average Remaining Life (Years)		Number Exercisable as of June 30,2013		Weighted Average Exercise Price
$2.75 - $7.63		893,312	$	2.32		5.91		677,316	$	5.93

A summary of option activity under the employee share option plan as of June 30, 2013 and 2012, and changes during the periods then ended is presented below:

Options	Number of shares		Exercise Price		Remaining Life(Years)		Aggregated Intrinsic Value
Outstanding as of January 01, 2013		893,312	$	5.93		6.41	$	-
Granted during the period		-		-		-		-
Exercised during the period		-		-		-		-
Forfeited during the period		-		-		-		-
Outstanding as of June 30, 2013		893,312	$	5.93		5.91	$	-

Options	Number of shares			Exercise Price		Remaining Life(Years)		Aggregated Intrinsic Value
Outstanding as of January 01, 2012		426,400		$	6.75		2.69	$	-
Granted during the period		450,016			7.63		9.73		-
Exercised during the period		-			-		-		-
Forfeited during the period		(3,600	)		6.75		2.57		-
Outstanding as of June 30, 2012		872,816		$	7.20		6.32	$	-

A summary of unvested options under the employee share option plan as of June 30, 2013 and 2012, and changes during the periods then ended is presented below:

Options	Number of Shares		Fair Value
Unvested as of January 01, 2013		437,004	$	2.32
Granted during the period		-		-
Vested during the period		-		-
Forfeited during the period		-		-
Unvested as of June 30, 2013		437,004	$	2.32
Expected to vest thereafter		437,004	$	2.32

Options	Number of Shares			Fair Value
Unvested as of January 01, 2012		309,900		$	3.53
Granted during the period		-			-
Vested during the period		-			-
Forfeited during the period		(3,600	)		-
Unvested as of June 30, 2012		306,300		$	3.53
Expected to vest thereafter		306,300		$	3.53

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Warrants (Details)	Jun. 30, 2013	Dec. 31, 2012
Class of Warrant or Right [Line Items]
Warrants outstanding for ordinary shares	229,274	229,274

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Income Taxes (Schedule of Provision for Income Tax Expense and Benefit from Operations) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Deferred:
Total income tax expense	$ 99,644	$ 287,062	$ 154,393	$ 601,555
Overseas [Member]
Current:
Current foreign tax expense (benefit)		72,989		72,989
Deferred:
Current foreign tax expense (benefit)	(14,026)		(28,050)
CHINA [Member]
Current:
Current foreign tax expense (benefit)
Deferred:
Current foreign tax expense (benefit)	$ 113,670	$ 214,073	$ 182,443	$ 528,566

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Intangible Assets, Net (Schedule of Original Costs and Accumulated Amortization of Intangible Assets) (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	$ 13,544,981		$ 13,310,624
Less accumulated amortization	(2,860,191)		(2,407,692)
Intangible assets, net	10,684,790	[1]	10,902,932
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	2,192,093		2,150,207
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	2,934,943		2,878,862
Customer list [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	1,293,804		1,280,356
Land use right [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	5,835,504		5,724,001
Know-how [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	1,228,774		1,218,479
Contract backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	$ 59,863		$ 58,719

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Amounts Due to Related Party (Details) (USD $)	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]
Due to Related Party	$ 1,682,143	$ 1,656,420
Interest rate, monthly	1.00%
Gavin Cheng (Shareholder / CEO) [Member]
Related Party Transaction [Line Items]
Due to Related Party	510,850	510,850
Warren Zhao (Shareholder) [Member]
Related Party Transaction [Line Items]
Due to Related Party	980,471	955,500
Peter Dong (Shareholder / COO) [Member]
Related Party Transaction [Line Items]
Due to Related Party	161,794	158,702
Others [Member]
Related Party Transaction [Line Items]
Due to Related Party	$ 29,028	$ 31,368

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Business Combinations (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Business Combinations [Abstract]
Fair value of contingent consideration	$ 582,966	$ 582,966

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Net (Loss) Income per Ordinary Share (Tables)

6 Months Ended

Jun. 30, 2013

Net (Loss) Income per Ordinary Share [Abstract]

Reconciliation of Basic and Diluted Net Income Per Share

The following table presents a reconciliation of basic and diluted net (loss) income per share:

	Three months ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Net income attributable to Tri-Tech Holding Inc	$	(602,020	)	$	1,370,887
Weighted-average shares of ordinary share used to compute basic net income per share		8,253,406			8,207,427
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants		-			-
Dilutive effect of employee stock options		-			-
Shares used in computing diluted net income per ordinary share		8,253,406			8,207,427
Basic net income per ordinary share	$	(0.07	)	$	0.17
Diluted net income per ordinary share	$	(0.07	)	$	0.17

	Six months ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Net income attributable to Tri-Tech Holding Inc	$	(1,700,793	)	$	2,809,012
Weighted-average shares of ordinary share used to compute basic net income per share		8,252,080			8,194,813
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants		-			-
Dilutive effect of employee stock options		-			-
Shares used in computing diluted net income per ordinary share		8,252,080			8,194,813
Basic net income per ordinary share	$	(0.21	)	$	0.34
Diluted net income per ordinary share	$	(0.21	)	$	0.34

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Investment in Joint Venture (Details)	6 Months Ended				2 Months Ended		3 Months Ended		12 Months Ended		3 Months Ended
	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Oct. 19, 2011 USD ($)	Oct. 19, 2011 INR	May 19, 2012 TIS [Member] USD ($)	May 19, 2012 TIS [Member] INR	Mar. 31, 2012 TIS [Member] USD ($)	Mar. 31, 2012 TIS [Member] INR	Dec. 31, 2011 TIS [Member] USD ($)	Dec. 31, 2011 TIS [Member] INR	Mar. 31, 2012 TIS [Member] Increase (decrease) in equity method Investment USD ($)
Schedule of Equity Method Investments [Line Items]
Investment in joint venture			$ 6,985	300,000
Registered capital of the joint venture			20,833	1,000,000
Ownership interest in joint venture			30.00%	30.00%
Net income (loss) of the joint venture					50,679	2,655,392	60,762	3,053,119	(66,017)	(3,385,463)
The company's share of net income (loss) from the joint venture		78,558			15,204	796,618	18,229	915,936	(19,805)	(1,015,639)	5,409
Net loss of the joint venture carryforward									12,820
Acquisition of additional ownership interest					46.00%	46.00%
Additional investment consideration					$ 35,273	1,917,000

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Construction in Progress

6 Months Ended

Jun. 30, 2013

Construction In Progress [Abstract]

Construction in Progress

13. Construction in Progress

The construction in progress account captures primarily the balance of construction in progress for the Company's Baoding research, development and production base in Baodi, Tianjin area. As of June 30, 2013, the construction in progress of the Baoding facility totaled at $5,746,914.

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Inventories

6 Months Ended

Jun. 30, 2013

Inventories [Abstract]

Inventories

9. Inventories

Inventories consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Raw materials	$	2,824,392	$	2,752,199
Finished goods		1,186,208		910,003
Project work-in-progress		6,420,757		4,796,871
Total	$	10,431,357	$	8,459,073

The Company reviews its inventory periodically for possible obsolete goods and to determine if any reserves are necessary for potential obsolescence. As of June 30, 2013 and December 31, 2012, the Company determined that no reserves were necessary.

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Variable Interest Entities (Schedule of Total Assets and Liabilities of Consolidated Variable Interest Entities) (Details) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012	Jun. 30, 2013		Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2011
Current assets
Cash	$ 5,506,711	[1]	$ 9,562,563	$ 5,506,711	[1]	$ 9,562,563	$ 8,098,657	$ 11,935,746
Restricted cash	14,095,989	[1]		14,095,989	[1]		4,352,443
Accounts and notes receivable, net	31,841,682	[1]		31,841,682	[1]		18,598,110
Unbilled revenue	23,978,677	[1]		23,978,677	[1]		27,954,525
Other receivables	3,724,019	[1]		3,724,019	[1]		3,825,770
Inventories	10,431,357	[1]		10,431,357	[1]		8,459,073
Deposits on projects	1,193,325	[1]		1,193,325	[1]		1,469,550
Prepayments to suppliers and subcontractors	15,553,537	[1]		15,553,537	[1]		9,353,490
Total current assets	106,325,297			106,325,297			82,111,618
Long-term unbilled revenue	45,327,393	[1]		45,327,393	[1]		51,219,694
Plant and equipment, net	1,685,334	[1]		1,685,334	[1]		1,764,784
Intangible assets, net	10,684,790	[1]		10,684,790	[1]		10,902,932
Total Assets	174,579,620			174,579,620			156,678,066
Current liabilities
Accounts payable	6,669,304			6,669,304			5,890,511
Costs accrual on projects	24,071,455	[1]		24,071,455	[1]		23,637,751
Advance from customers	1,442,889	[1]		1,442,889	[1]		1,157,247
Loan from third party companies and individuals	10,214,396	[1]		10,214,396	[1]		6,400,659
Other payables	663,962	[1]		663,962	[1]		461,258
Income taxes payable	6,362,946	[1]		6,362,946	[1]		5,577,533
Deferred income taxes	1,803,240	[1]		1,803,240	[1]		1,782,786
Short-term bank borrowing	13,962,011	[1]		13,962,011	[1]		8,150,041
Total current liabilities	83,997,457			83,997,457			65,119,079
Total Liabilities	95,747,202			95,747,202			76,771,967
Sales	16,284,617		23,040,534	26,763,445		42,261,846
Cost of sales	12,657,369		17,216,468	20,801,504		31,220,280
Operating expenses	3,676,503		4,194,927	7,629,202		7,956,150
Net income (loss)	(602,020)		1,370,887	(1,700,793)		2,809,012
VIEs [Member]
Current assets
Cash	3,215,201			3,215,201			2,346,543
Restricted cash	6,648,207			6,648,207			521,302
Accounts and notes receivable, net	31,630,563			31,630,563			18,171,800
Unbilled revenue	2,897,769			2,897,769			8,568,681
Other receivables	15,366,871			15,366,871			17,210,742
Inventories	8,128,800			8,128,800			6,741,246
Deposits on projects	1,006,604			1,006,604			1,296,163
Prepayments to suppliers and subcontractors	13,388,573			13,388,573			9,506,484
Total current assets	82,282,588			82,282,588			64,362,961
Long-term unbilled revenue	1,060,633			1,060,633			1,040,367
Plant and equipment, net	615,781			615,781			684,067
Intangible assets, net	3,706,137			3,706,137			3,848,986
Total Assets	87,665,139			87,665,139			69,936,381
Current liabilities
Accounts payable	7,502,954			7,502,954			7,844,856
Costs accrual on projects	12,053,904			12,053,904			8,650,053
Advance from customers	12,328,749			12,328,749			10,192,513
Loan from third party companies and individuals	2,508,073			2,508,073			1,781,717
Other payables	24,301,034			24,301,034			18,539,234
Income taxes payable	4,095,939			4,095,939			2,865,250
Deferred income taxes	(369,513)			(369,513)			329,899
Short-term bank borrowing	9,108,192			9,108,192			2,754,158
Total current liabilities	71,529,332			71,529,332			52,957,680
Total Liabilities	71,529,332			71,529,332			52,957,680
Sales	10,347,917		11,126,084	16,855,729		21,896,713
Cost of sales	8,019,390		8,703,571	13,172,768		17,131,745
Operating expenses	1,859,648		1,898,762	3,921,871		3,798,806
Net income (loss)	$ 335,224		$ 351,712	$ (478,025)		$ 576,092

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Accounts Payable and Costs Accrual on Projects

6 Months Ended

Jun. 30, 2013

Accounts Payable and Costs Accrual on Projects [Abstract]

Accounts Payable and Costs Accrual on Projects

16. Accounts Payable and Costs Accrual on Projects

This account contains the accounts payable to suppliers and accruals of costs incurred in the projects in accordance with the percentage of completion method.

Accounts payable and project accruals based on progress consisted of the following:

	June 30,2013		December 31,
	(Unaudited)		2012
Accounts payable	$	6,669,304	$	5,890,511
Costs accrual on projects		24,071,455		23,637,751
Total	$	30,740,759	$	29,528,262

Of the total costs accrual on projects, $7,174,206 was related to the India projects for the period ended June 30, 2013, which contributed the most to the ending balance. The remaining balance was for various other on-going projects.

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Intangible Assets, Net

6 Months Ended

Jun. 30, 2013

Intangible Assets, Net [Abstract]

Intangible Assets, Net

14. Intangible Assets, Net

Intangible assets mainly consist of patents, software, customer lists, land use right and know-how. The patents were invested as capital contribution by the shareholders of Tranhold and Yanyu, and were recorded at the appraisal value as stipulated by the local regulatory authority. According to ASC 845-10-S99, transfers of nonmonetary assets to a company by its promoters or shareholders in exchange for shares prior to or at the time of the company's initial public offering normally should be recorded at the transferors' historical cost basis determined under US GAAP. The effect from the inclusion of the contributed patents at its fair value instead of historical cost was immaterial. Software was purchased from third parties at the acquisition cost.

All the intangible assets have definite lives, and are amortized on a straight-line basis over their expected useful economic lives. The original costs and accumulated amortization as of June 30, 2013 and December 31, 2012 are as follows:

	June 30,2013			December 31,
	(Unaudited)			20112
Patents	$	2,192,093		$	2,150,207
Software		2,934,943			2,878,862
Customer list		1,293,804			1,280,356
Land use right		5,835,504			5,724,001
Know-how		1,228,774			1,218,479
Contract backlog		59,863			58,719
Total intangible assets		13,544,981			13,310,624
Less accumulated amortization		(2,860,191	)		(2,407,692	)
Intangible assets, net	$	10,684,790		$	10,902,932

The amortization expense for the quarter ended June 30, 2013 and 2012 amounted to $129,110 and $213,936, respectively.

The amortization expense for the six months ended June 30, 2013 and 2012 amounted to $258,221 and $427,875, respectively.

The amortization expense for the following five years and thereafter is expected to be as follows:

For the Years Ended December 31,	Amount
Remainder of 2013	$	412,054
2014		823,419
2015		823,419
2016		613,498
2017		564,331
Thereafter		7,448,069
Total	$	10,684,790

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Net (Loss) Income per Ordinary Share (Reconciliation of Basic and Diluted Net Loss Income Per Share) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Net (Loss) Income per Ordinary Share [Abstract]
Net (loss) income attributable to Tri-Tech Holding Inc	$ (602,020)	$ 1,370,887	$ (1,700,793)	$ 2,809,012
Weighted-average shares of ordinary share used to compute basic net income per share	8,253,406	8,207,427	8,252,080	8,194,813
Effect of dilutive ordinary share equivalents:
Dilutive effect of warrants
Dilutive effect of employee stock options
Shares used in computing diluted net income per ordinary share	8,253,406	8,207,427	8,252,080	8,194,813
Basic net (loss) income per ordinary share	$ (0.07)	$ 0.17	$ (0.21)	$ 0.34
Diluted net (loss) income per ordinary share	$ (0.07)	$ 0.17	$ (0.21)	$ 0.34

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Aug. 14, 2013
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	TRIT
Entity Registrant Name	TRI-TECH HOLDING, INC.
Entity Central Index Key	0001460801
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		8,253,406

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Accounts Payable and Costs Accrual on Projects (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Accounts Payable And Accrued Liabilities [Line Items]
Costs accrual on projects	$ 24,071,455	[1]	$ 23,637,751
India projects [Member]
Accounts Payable And Accrued Liabilities [Line Items]
Costs accrual on projects	$ 7,174,206

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).

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Investment in Joint Venture

6 Months Ended

Jun. 30, 2013

Investment in Joint Venture [Abstract]

Investment in Joint Venture

15. Investment in Joint Venture

On October 18, 2011, TIS entered into an agreement to establish a joint venture, Tri-Tech Infrastructure (India), Pvt. Ltd., with Allied Energy Systems Pvt. Ltd., for the purpose of market development in India.

On October 19, 2011, the capital injection in the amount of INR 300,000, or US$6,985, was made to the joint venture. Total registered capital of the joint venture is INR1,000,000, or $20,833. TIS took up 30% of the ownership. Equity method is adopted for the long-term investment.

For the year ended December 31, 2011, net loss for the India joint venture was INR3,385,463, or $66,017. TIS should bear the net loss of INR1,015,639, or $19,805. Since the net loss is more than the long-term investment, only $6,985 was offset and the remaining loss of $12,820 will be net-off against earnings in the future.

For the quarter ended March 31, 2012, net profit for the India joint venture was INR3,053,119, or $60,762. TIS should earn the net profit of INR915,936, or $18,229. After net off $12,820 of the loss brought forward from prior year, $5,409 was recognized as gain on investment in the joint venture for the quarter ended March 31, 2012.

For the period from April 1 to May 19, 2012, net profit for the India joint venture was INR2,655,392, or $50,679. TIS should earn the net profit of INR796,618, or $15,204, which was recognized as gain on investment in the joint venture for the period.

On May 19, 2012, TIS acquired additional 46% of TII's equity interest, and became the controlling shareholder of TII. The additional investment consideration was INR1,917,000, or $35,273. TII was consolidated into TIS since that day.

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Information [Abstract]

Segment Information

For the Three Months Ended June 30, 2013 and 2012(Unaudited)
	Segment 1					Segment 2						Segment 3						Total
	2013			2012		2013			2012			2013			2012			2013			2012
Revenues	$	2,309,189			8,354,428		4,324,518			8,436,000			9,650,910			6,250,106			16,284,617			23,040,534
Cost of revenues		1,444,131			6,327,955		3,379,855			6,089,299			7,833,383			4,799,214			12,657,369			17,216,468
Operating expenses:
Selling and Marketing Expenses		315,617			222,521		359,269			457,484			175,665			255,848			850,551			935,853
General and Administrative Expenses		1,197,756			1,389,852		495,732			908,000			949,552			949,694			2,643,040			3,247,546
Research and Development		107,025			6,167		0			5,361			75,887			-			182,912			11,528
Total operating expenses		1,620,398			1,618,540		855,001			1,370,845			1,201,104			1,205,542			3,676,503			4,194,927
Other income (expenses), net		(521,197	)		100,754		(90,022	)		(21,326	)		(55,305	)		(113,778	)		(666,524	)		(34,350	)
Income (loss) before income taxes	$	(1,276,537	)		508,687		(360	)		954,530			561,118			131,572		$	(715,779	)		1,594,789

For the Six Months Ended June 30, 2013 and 2012(Unaudited)
	Segment 1					Segment 2						Segment 3						Total
	2013			2012		2013			2012			2013			2012			2013			2012
Revenues	$	4,235,869			16,761,401		9,404,915			14,690,590			13,122,661			10,809,855			26,763,445			42,261,846
Cost of revenues		2,929,217			12,252,219		7,305,537			10,610,453			10,566,750			8,357,608			20,801,504			31,220,280
Operating expenses:
Selling and Marketing Expenses		611,340			448,147		841,328			883,774			442,409			442,925			1,895,077			1,774,846
General and Administrative Expenses		2,633,114			2,920,267		1,106,247			1,530,294			1,802,690			1,650,345			5,542,051			6,100,906
Research and Development		116,187			11,918		0			68,480			75,887			-			192,074			80,398
Total operating expenses		3,360,641			3,380,332		1,947,575			2,482,548			2,320,986			2,093,270			7,629,202			7,956,150
Other income (expenses), net		10,826			448,169		(164,768	)		(62,242	)		(87,084	)		(129,372	)		(241,026	)		256,555
Income (loss) before income taxes	$	(2,043,163	)		1,577,019		(12,965	)		1,535,347			147,841			229,605		$	(1,908,287	)		3,341,971

Segment Assets

Segment assets of the Company are as follows:

Segment Assets	Segment 1		Segment 2		Segment 3		Total
As of  June 30, 2013	$	83,320,551	$	38,784,285	$	52,474,784	$	174,579,620
As of December 31, 2012	$	89,062,709	$	30,058,569	$	37,556,788	$	156,678,066

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Segment Information (Details)	6 Months Ended
	Jun. 30, 2013
Segment Information [Abstract]
Number of reportable operating segments	3

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies [Abstract]

Commitments Under Certain Operating Leases

As of June 30, 2013, the Company had commitments under certain operating leases, requiring annual minimum rentals as follows:

For the Years Ended December 31,	Amount
Remainder of 2013	$	323,393
2014		852,508
2015		448,015
2016		239,012
Total	$	1,862,928

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Accounts Payable and Costs Accrual on Projects (Schedule of Accounts Payable and Project Accruals Based on Progress) (Details) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Accounts Payable and Costs Accrual on Projects [Abstract]
Accounts payable	$ 6,669,304		$ 5,890,511
Costs accrual on projects	24,071,455	[1]	23,637,751
Total	$ 30,740,759		$ 29,528,262

[1] *All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 4).