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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and equivalents $ 488,243 $ 781,048
Accounts receivable, net 12,390 0
Inventories 952,395 1,053,038
Due from related companies 85,922 79,442
Other receivables, net and prepaid expenses 71,492 75,089
Advance to suppliers 3,440 832
TOTAL CURRENT ASSETS 1,613,882 1,989,449
PROPERTY, PLANT AND EQUIPMENT, NET 1,222,610 1,310,529
CONSTRUCTION IN PROGRESS 6,854,861 6,829,329
INTANGIBLE ASSETS, NET 693,446 782,215
TOTAL ASSETS 10,384,799 10,911,522
CURRENT LIABILITIES    
Short-term loan 1,670,698 1,668,282
Accounts payable 3,316 4,942
Accrued expenses 737,360 693,436
Deferred revenue 116,957 139,284
Customers deposits 90,117 188,186
Due to related parties 1,839,454 1,850,181
Deferred tax liabilities 10,307 10,293
Other payables 461,176 366,020
TOTAL CURRENT LIABILITIES 4,929,385 4,920,624
CONSTRUCTION PAYABLE 849,267 894,750
TOTAL LIABILITIES 5,778,652 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 (2,854,278) (2,447,643)
Accumulated other comprehensive income 1,546,243 1,540,329
TOTAL STOCKHOLDERS EQUITY 3,514,772 3,915,493
NONCONTROLLING INTEREST 1,091,375 1,180,655
TOTAL EQUITY 4,606,147 5,096,148
TOTAL LIABILITIES AND EQUITY $ 10,384,799 $ 10,911,522