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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income including noncontrolling interest $ 8,941,266 $ 7,667,251
Adjustments to reconcile income including noncontrolling interest to net cash used in operating activities:    
Changes in sales type leases receivables (11,343,798) (19,953,281)
Depreciation and amortization 29,418 25,323
Amortization of discount related to conversion feature of convertible note 3,345,398 880,466
Interest expense from changes in conversion liability (6,132,906)  
Stock options and warrants expenses 1,445,327 1,407,547
Changes in deferred tax 607,580 1,832,221
(Increase) decrease in current assets:    
Interest receivable on sales type lease (1,777,472) (55,993)
Collection of principal on sales type leases 3,286,197 1,587,602
Prepaid expenses 28,430 279,184
Other receivables (1,370,926) (1,232,323)
Construction in progress (6,871,097) (11,030,396)
Increase (decrease) in current liabilities:    
Accounts payable (3,066,667) 2,593,038
Taxes payable (222,960) 412,624
Interest payable 2,314,017 1,356,732
Long term liability 290,471  
Accrued liabilities and other payables (123,975) (166,058)
Accrued interest on convertible notes (237,064) (3,639)
Net cash used in operating activities (10,858,761) (14,399,702)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted cash 2,178,533 (200,653)
Acquisition of property & equipment (4,071) (131,547)
Net cash provided by (used in) investing activities 2,174,462 (332,200)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of convertible notes 7,583,801  
Cash contribution from noncontrolling interest   908,279
Notes payable - bank acceptances (2,904,710)  
Proceeds from loans 4,127,746 15,757,780
Repayment of loans (917,277)  
Advance from related parties   2,022,535
Net cash provided by financing activities 7,889,560 18,688,594
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 283,075 21,065
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS (511,664) 3,977,757
CASH & EQUIVALENTS, BEGINNING OF PERIOD 11,072,250 1,111,943
CASH & EQUIVALENTS, END OF PERIOD 10,560,586 5,089,700
Supplemental Cash flow data:    
Income tax paid 1,395,651 945,165
Interest paid $ 1,163,756 $ 201,635