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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash & equivalents $ 10,560,586 $ 11,072,250
Restricted cash   2,151,690
Current portion of investment in sales type leases, net 8,360,756 7,624,637
Interest receivable on sales type leases 2,364,448 554,930
Prepaid expenses 5,316 33,274
Other receivables 1,787,839 393,015
Total current assets 23,078,945 21,829,796
NON-CURRENT ASSETS    
Prepaid interest 792,694 774,609
Investment in sales type leases, net 127,917,588 117,586,131
Property and equipment, net 138,084 159,968
Construction in progress 32,915,400 25,377,983
Total non-current assets 161,763,766 143,898,691
TOTAL ASSETS 184,842,711 165,728,487
CURRENT LIABILITIES    
Accounts payable 2,030,075 5,012,640
Notes payable - bank acceptances   2,868,921
Taxes payable 1,444,647 1,631,900
Accrued liabilities and other payables 3,093,645 3,160,950
Advance from related parties 1,397,657 1,365,877
Convertible notes - current 3,000,000 4,403,078
Deferred tax liability - current 1,269,564 1,188,504
Bank loans payable - current 3,708,511 1,811,950
Trust loans payable - current 5,199,642 5,081,010
Total current liabilities 23,920,016 27,097,182
NONCURRENT LIABILITIES    
Shares to be issued 16,780,471 11,780,471
Deferred tax liability, net 7,140,042 6,429,139
Long term liability 293,590  
Convertible notes, net of discount due to beneficial conversion feature 4,348,321 4,095,356
Conversion liability 6,766,560 6,438,035
Accrued interest on long term convertible notes 314,908 419,922
Bank loans payable 3,708,511 2,264,937
Trust loans payable 33,762,903 32,992,586
Total noncurrent liabilities 73,115,306 64,420,446
Total liabilities 97,035,322 91,517,628
CONTINGENCIES AND COMMITMENTS    
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 39,198,982 shares issued and outstanding as of June 30, 2011 and December 31, 2010, respectively 39,200 39,200
Additional paid in capital 46,884,219 44,666,824
Statutory reserve 6,134,619 5,203,605
Accumulated other comprehensive income 8,434,876 6,083,840
Retained earnings 22,139,584 14,812,630
Total Company stockholders' equity 83,632,498 70,806,099
Noncontrolling interest 4,174,891 3,404,760
Total equity 87,807,389 74,210,859
TOTAL LIABILITIES AND EQUITY 184,842,711 165,728,487
Interest payable on Trust loans
   
CURRENT LIABILITIES    
Interest payable 2,728,275 380,524
Accrued interest on convertible notes - current
   
CURRENT LIABILITIES    
Interest payable $ 48,000 $ 191,828