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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 112 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Operating Activities:      
Net loss $ (16,166) $ (11,399) $ (4,311,676)
Adjustments to reconcile net loss to net cash used by operations      
Depreciation (cost and expense) 183 179 214,212
Provision for obsolete inventories 0 0 107,484
Impairment loss on intangible assets 0 0 241,639
Impairment loss on fixed assets 0 0 669,813
Gain on disposal of fixed assets 0 0 (7,730)
Stock compensation 0 0 2,400,000
Changes in operating assets and liabilities:      
(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 (4,655) (2,622) 66,202
Increase/(decrease) in deferred income-government grants 0 0 110,787
Net cash used by operating activities (20,638) (13,842) (616,018)
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 in investing activities 0 0 (710,118)
Financing Activities      
Distribution to shareholders 0 0 (24,994)
Capital contribution 0 0 274,103
Proceeds from issuance of common stock 0 0 30,000
Proceeds from shareholder loans 10,891 15,081 1,122,520
Repayment of loan to shareholders 0 0 (70,844)
Net cash provided by financing activities 10,891 15,081 1,330,785
Effect of exchange rate changes on cash 9,746 (1,238) (3,930)
Increase(decrease) in cash (1) 1 719
Cash at beginning of period 720 718 0
Cash at end of period 719 719 719
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