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Statement of Cash Flows (USD $)
9 Months Ended83 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Operating Activities:   
Net loss$ (21,913)$ (110,154)$ (4,026,405)
Adjustments to reconcile net loss to net cash used by operations   
Depreciation (cost and expense)1,66426,015211,903
Provision for obsolete inventories00107,484
Impairment loss on intangible assets00241,639
Impairment loss on fixed assets00669,813
Gain on disposal of fixed assets00(7,730)
Stock compensation050,0002,400,000
Changes in operating assets and liabilities:   
(Increase)/decrease in account receivable000
(Increase)/decrease in prepaid and other receivables0(50,819)(293)
(Increase)/decrease in inventory00(107,151)
Increase/(decrease) in accounts payable00695
Increase/(decrease) in accrued expenses(19,892)(25,387)6,289
Decrease in deferred income-government grants032,971105,491
Net cash used in operating activities(40,141)(77,374)(398,265)
Investing Activities   
Purchase of fixed assets00(710,118)
Loan to shareholders00(24,659)
Repayment of loan from shareholders0024,659
Net cash used in investing activities00(710,118)
Financing Activities   
Distribution to shareholders00(24,994)
Capital contribution00274,103
Proceeds from shareholder loans46,133121,414922,585
Repayment of loan to shareholders00(70,844)
Net cash provided by financing activities46,133121,4141,100,850
Effect of exchange rate changes on cash(8,330)(29)9,119
Increase(decrease) in cash(2,338)44,0111,586
Cash at beginning of period3,92427,8840
Cash at end of period1,58671,8951,586
Interest received (paid) during the year00260
Contribution of patent for equity00241,639
Contribution of fixed assets for equity00125,497
Stock issued in exchange for consulting services002,400,000
Conversion of shareholder's loan to paid in capital$ 0$ 0$ 359,357