CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 20,937	$ 97,174
Due from related parties	566,272	286,307
Other current assets and prepayments	70,388	503,248
Total Current Assets	657,597	886,729
Property, plant and equipment, net	151,662	169,456
Land use rights, net	17,096,275	16,694,854
Long-term investment	314,718	301,992
Due from related parties	1,892,448	1,343,905
TOTAL ASSETS	20,112,700	19,396,936
LIABILITIES & SHAREHOLDERS' EQUITY
Accounts payable
Other payables and accrued liabilities	740,127	75,380
Notes payable - related parties	434,137	434,137
Total Current Liabilities	1,174,264	509,517
Due to related parties	2,019,062	4,147,403
Due to shareholders	4,141,931	2,741,338
Payable on acquisition of a subsidiary	1,965,373	1,886,383
Total Long-term Liabilities	8,126,366	8,775,124
SHAREHOLDERS' EQUITY
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, zero and 499,630 shares outstanding as of September 30, 2011 and December 31, 2010, respectively)		5,000
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares and 3,774,625 shares, issued and outstanding as of September 30, 2011 and December 31, 2010 respectively)	646,295	37,746
Treasury stock	(489,258)	(489,258)
Additional paid-in capital	13,916,844	14,520,393
Retained earnings	(5,856,911)	(6,574,431)
Non-controlling interests	496,312	131,546
Accumulated other comprehensive income	2,098,788	2,481,299
TOTAL SHAREHOLDERS' EQUITY	10,812,070	10,112,295
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 20,112,700	$ 19,396,936