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SEGMENT REPORTING
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Note 16- SEGMENT REPORTING
  The Company operates in two reportable business segments that are determined based upon differences in products and services. Summarized information by business segment for the year ended December 31, 2010 and 2009 is as follows:

 

    For the Six Months Ended     For the Six Months Ended  
    June 30,     June 30,  
    2011     2010     2011     2010  
    (unaudited)     (unaudited)     (unaudited)     (unaudited)  
REVENUE                        
      Sales of Liquor   $ 258,941     $ 248,528     $ 686,620     $ 538,932  
      Franchise Fees     242,636       192,447       526,453       392,285  
                                 
COST OF SALES                                
      Sales of Liquor   $ 215,384     $ 282,852     $ 529,835     $ 560,301  
      Franchise Fees     -       -       -       -  
                                 
GROSS PROFITS                                
      Sales of Liquor   $ 43,557     $ (34,324 )   $ 156,785     $ (21,369 )
      Franchise Fees     242,636       192,447       526,453       392,285  
                                 
                    June 30,     December 31,  
                      2011       2010  
                    (unaudited)          
                                 
TOTAL ASSETS OF LIQUOR PRODUCTION AND DISTRIBUTION       $ 11,700,977     $ 12,314,784  
                                 
TOTAL ASSETS OF BRAND NAME FRANCHISE               $ 5,185,800     $ 3,576,180  

 

                 
  Major Customers              
                 
  There were six major customers who made sales approximately 5% or more of the Company’s total sales as summarized in the following:

 

      For the Six Months Ended June 30,  
      2011     2010  
      (unaudited)     (unaudited)  
                           
Major Type of         Percentage of           Percentage of  
Customer Customer   Revenue     Total Revenue     Revenue     Total Revenue  
Shaanxi Dukang Group Co., Ltd. Distributor   $ 565,994       46.66 %   $ 439,979       47.25 %
Shaanxi Baishui Dukang Shiye Co., Ltd. Distributor     106,226       8.76 %     82,068       8.81 %
Ms. Xiaoyan Shi Agent     101,356       8.36 %     -       -  
Mr. Anxian Xie Agent     86,878       7.16 %     76,180       8.18 %
Ms. Xiaoli Du Agent     72,398       5.97 %     -       -  
Ms. Sue Dong Agent     72,398       5.97 %     68,793       7.39 %
Total     $ 1,005,249       82.87 %   $ 667,020       71.63 %

 

Major Suppliers                  
                     
There were nine major customers who made sales approximately 5% or more of the Company’s total sales as summarized in the following:
                     

 

  For the Six Months Ended June 30,  
  2011     2010  
  (unaudited)     (unaudited)  
                       
Major       Percentage of           Percentage of  
Suppliers Purchase     Total Purchase     Purchase     Total Purchase  
Sichuan Guangan Detai Glass Co., Ltd. $ 25,396       6.23 %   $ -       -  
Yuncheng Aofeng Glass Co., Ltd.   85,071       20.88 %     -       -  
Wuhan Huaruiyang Stainless Co., Ltd.   -       -       59,009       18.08 %
Hunan Fengling Liangyou China Co., Ltd.   27,599       6.77 %     46,760       14.33 %
Shanxi Wenxifa Glass Co., Ltd.   68,526       16.82 %     46,000       14.10 %
Mr. Liu, Zhiming   -       -       44,061       13.50 %
Hunan Xinshiji Taochi Co., Ltd.   150,403       36.91 %     26,437       8.10 %
Wenzhou Chuangwei Qinggong Co., Ltd.   -       -       20,715       6.35 %
Baishui Spring Water Co., Ltd.   -       -       18,010       5.52 %
Total $ 356,994       87.61 %   $ 260,992       79.98 %