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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS  
Cash and equivalents$ 740,912$ 585,020
Accounts receivable,net5,1590
Inventories1,070,8011,090,154
Due from related companies78,394204,474
Loan to unaffiliated company,net090,877
Other receivables and prepaid expenses77,27896,949
Advance to suppliers7240
TOTAL CURRENT ASSETS1,973,2682,067,474
PROPERTY, PLANT AND EQUIPMENT, NET1,330,9551,314,979
CONSTRUCTION IN PROGRESS6,673,6996,557,391
INTANGIBLE ASSETS, NET801,431226,219
OTHER ASSETS34,4940
TOTAL ASSETS10,813,84710,166,063
CURRENT LIABILITIES  
Short-term loan1,646,2841,590,355
Accounts payable4,7274,609
Accrued expenses633,289505,054
Deferred revenue119,22821,749
Customers deposits185,705150,522
Due to related parties1,978,4072,023,674
Deferred tax liabilities10,1579,812
Other payables355,15077,209
TOTAL CURRENT LIABILITIES4,932,9474,382,984
CONSTRUCTION PAYABLE882,952808,427
TOTAL LIABILITIES5,815,8995,191,411
EQUITY  
Preferred Stock, $1.00 per value, 500,000 shares authorized, no shares issued and outstanding00
Common Stock, no par value, 150,000,000 shares authorized, and 120,225,323 and 65,756,567 shares issued and outstanding, respectively4,313,6143,877,864
Reserve funds336,885336,885
Accumulated deficit(2,315,393)(1,847,882)
Accumulated other comprehensive income1,457,6841,287,737
TOTAL STOCKHOLDERS' EQUITY3,792,7903,654,604
NONCONTROLLING INTEREST1,205,1581,320,048
TOTAL EQUITY4,997,9484,974,652
TOTAL LIABILITIES AND EQUITY$ 10,813,847$ 10,166,063