XML 24 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net Loss$ (467,511)$ (648,828)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:  
Issuance of common shares for compensation0306,000
Depreciation and amortization204,650132,716
Bad debt expense92,35684,123
Loss from contingent liabilities36,9420
Minority interest(114,889)(64,464)
Gain on sale of other assets0(28,248)
Loss on disposal of fixed assets01,050
Changes in Operating Assets and Liabilities:  
Accounts receivable(5,064)1,919
Inventories56,637267,482
Other receivable and prepaid expenses(11,917)13,578
Accounts payable and other current liabilities418,117(90,430)
Deferred revenue86,08734,544
Customer deposits29,3446,239
Net Cash Provided by Operating Activities324,75215,681
CASH FLOWS FROM INVESTING ACTIVITIES  
Net proceeds from disposal of other assets067,361
Advance for loan to affiliated companies0(3,921)
Proceeds from repayments of loan to affiliated companies135,8280
Purchase of property, plant, and equipment(87,955)(81,964)
Payments for construction in progress(520,285)(448,516)
Net Cash Used in Investing Activities(472,412)(467,040)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from loans from related companies116,984145,366
Proceeds from shareholders/officers163,5930
Net Cash Provided by Financing Activities280,577145,366
NET DECREASEIN CASH & CASH EQUIVALENTS132,917(305,993)
EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS22,975(3,726)
CASH & CASH EQUIVALENTS, BEGINNING BALANCE585,020861,457
CASH & CASH EQUIVALENTS, ENDING BALANCE740,912551,738
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION  
Interest paid146,92199,540
Income taxes paid00
NONCASH INVESTING AND FINANCING ACTIVITIES  
Construction-in-progress financed by construction payable74,5250
Shares issued for debt repayments$ 435,750$ 0