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Statement of Cash Flows (USD $)
12 Months Ended 85 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Operating Activities:      
Net loss $ (91,153) $ (509,221) $ (4,095,645)
Adjustments to reconcile net loss to net cash used by operations      
Depreciation (cost and expense) 2,221 34,883 212,460
Provision for obsolete inventories 0 38,638 107,484
Impairment loss on intangible assets 0 0 241,639
Impairment loss on fixed assets 0 323,851 669,813
Gain on disposal of fixed assets 0 0 (7,730)
Stock compensation 0 50,000 2,400,000
Changes in operating assets and liabilities:      
(Increase)/decrease in account receivable 0 0 0
(Increase)/decrease in prepaid and other receivables 0 0 (293)
(Increase)/decrease in inventory 0 0 (107,151)
Increase/(decrease) in accounts payable 0 0 695
Increase/(decrease) in accrued expenses 9,144 (5,344) 35,325
Increase/(decrease) in deferred income-government grants 5,296 34,465 110,787
Net cash used by operating activities (74,492) (32,728) (432,616)
Investing Activities      
Purchase of fixed assets 0 0 (710,118)
Loan to shareholders 0 0 (24,659)
Repay of loan from shareholders 0 0 24,659
Net cash (used) by investing activities 0 0 (710,118)
Financing Activities      
Distribution to shareholders 0 0 (24,994)
Capital contribution 0 0 274,103
Proceeds from shareholder loans 87,937 20,036 964,389
Repay of loan to shareholders 0 0 (70,844)
Net cash provided by financing activities 87,937 20,036 1,142,654
Effect of exchange rate changes on cash (17,333) (11,268) 116
Increase(decrease) in cash (3,888) (23,960) 36
Cash at beginning of period 3,924 27,884 0
Cash at end of period 36 3,924 36
Interest received (paid) during the year 0 0 260
Contribution of patent for equity 0 0 241,639
Contribution of fixed assets for equity 0 0 125,497
Stock issued in exchange for consulting services 0 0 2,400,000
Conversion of shareholder's loan to paid in capital $ 0 $ 0 $ 359,357