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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and equivalents $ 524,208 $ 585,020
Inventories 1,129,380 1,090,154
Due from related companies 247,544 204,474
Loan to unaffiliated company,net 23,207 90,877
Other receivables and prepaid expenses 92,779 96,949
Advance to suppliers 9,654 0
TOTAL CURRENT ASSETS 2,026,772 2,067,474
PROPERTY, PLANT AND EQUIPMENT, NET 1,311,659 1,314,979
CONSTRUCTION IN PROGRESS 6,105,086 6,557,391
INTANGIBLE ASSETS, NET 819,968 226,219
TOTAL ASSETS 10,263,485 10,166,063
CURRENT LIABILITIES    
Short-term loan 1,624,507 1,590,355
Accounts payable 4,708 4,609
Accrued expenses 560,593 505,054
Deferred revenue 26,641 21,749
Customers deposits 154,671 150,522
Due to related parties 2,268,323 2,023,674
Deferred tax liabilities 10,022 9,812
Other payables 50,470 77,209
TOTAL CURRENT LIABILITIES 4,699,935 4,382,984
CONSTRUCTION PAYABLE 825,787 808,427
TOTAL LIABILITIES 5,525,722 5,191,411
EQUITY    
Preferred Stock, $1.00 per value, 500,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, no par value, 150,000,000 shares authorized, 65,756,567 shares issued and outstanding 3,877,864 3,877,864
Reserve funds 336,885 336,885
Accumulated deficit (2,121,407) (1,847,882)
Accumulated other comprehensive income 1,377,543 1,287,737
TOTAL STOCKHOLDERS' EQUITY 3,470,885 3,654,604
NONCONTROLLING INTEREST 1,266,878 1,320,048
TOTAL EQUITY 4,737,763 4,974,652
TOTAL LIABILITIES AND EQUITY $ 10,263,485 $ 10,166,063