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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and equivalents $ 495,492 $ 781,048
Accounts receivable, net 3,125 0
Inventories 921,606 1,053,038
Due from related companies 90,331 79,442
Other receivables, net and prepaid expenses 72,456 75,089
Advance to suppliers 630 832
TOTAL CURRENT ASSETS 1,583,640 1,989,449
PROPERTY, PLANT AND EQUIPMENT, NET 1,233,391 1,310,529
CONSTRUCTION IN PROGRESS 6,781,274 6,829,329
INTANGIBLE ASSETS, NET 715,647 782,215
TOTAL ASSETS 10,313,952 10,911,522
CURRENT LIABILITIES    
Short-term loan 1,652,762 1,668,282
Accounts payable 3,318 4,942
Accrued expenses 746,757 693,436
Deferred revenue 123,370 139,284
Customers deposits 86,080 188,186
Due to related parties 1,745,801 1,850,181
Deferred tax liabilities 10,197 10,293
Other payables 426,870 366,020
TOTAL CURRENT LIABILITIES 4,795,155 4,920,624
CONSTRUCTION PAYABLE 840,150 894,750
TOTAL LIABILITIES 5,635,305 5,815,374
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, and 120,225,323 and 120,225,323 shares issued and outstanding, respectively 4,313,614 4,313,614
Additional paid-in capital 172,308 172,308
Reserve funds 336,885 336,885
Accumulated deficit (2,740,390) (2,447,643)
Accumulated other comprehensive income 1,483,900 1,540,329
TOTAL STOCKHOLDERS' EQUITY 3,566,317 3,915,493
NONCONTROLLING INTEREST 1,112,330 1,180,655
TOTAL EQUITY 4,678,647 5,096,148
TOTAL LIABILITIES AND EQUITY $ 10,313,952 $ 10,911,522