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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash & equivalents $ 45,004,304 $ 14,949,253
Restricted cash 2,725,002 317,415
Notes receivable 0 82,528
Accounts receivable 81,819 19,113,812
Current portion of investment in sales type leases, net 10,389,028 8,725,345
Interest receivable on sales type leases 912,467 2,423,184
Prepaid expenses 49,581 145,615
Other receivables 121,109 530,283
Advance to related party 440,987 0
Prepaid loan fees - current 81,139 80,941
Total current assets 59,805,436 46,368,376
NON-CURRENT ASSETS    
Prepaid interest on trust loans 816,164 814,169
Prepaid loan fees - noncurrent 202,848 283,293
Investment in sales type leases, net 118,021,435 127,576,695
Long term deposit 388,508 387,559
Property and equipment, net 68,305 116,815
Construction in progress 22,993,905 32,466,242
Total non-current assets 142,491,165 161,644,773
TOTAL ASSETS 202,296,601 208,013,149
CURRENT LIABILITIES    
Accounts payable 239,722 3,907,854
Notes payable - bank acceptances 3,659,216 634,830
Taxes payable 1,372,535 2,943,034
Accrued liabilities and other payables 1,534,829 1,279,558
Advance from related parties 0 2,981,977
Deferred tax liability 2,471,925 1,624,665
Accrued interest on convertible notes - current 383,929 168,000
Bank loans payable - current 13,523,188 6,983,129
Trust loans payable - current 31,421,526 3,174,150
Interest payable on trust loans 317,962 345,311
Convertible notes, net of discount due to beneficial conversion feature 3,766,694 4,626,645
Conversion feature liability on convertible notes 0 1,127,401
Current portion of long term payable 1,292,185 1,183,516
Total current liabilities 59,983,711 30,980,070
NONCURRENT LIABILITIES    
Deferred tax liability, net 6,565,618 6,388,537
Refundable deposit from customers for systems leasing 588,656 587,218
Long term payable 3,711,658 4,999,718
Bank loans payable 12,091,321 20,790,681
Trust loans payable 0 31,503,436
Total noncurrent liabilities 22,957,253 64,269,590
Total liabilities 82,940,964 95,249,660
CONTINGENCIES AND COMMITMENTS      
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 50,224,350 and 46,474,350 shares issued and outstanding as of December 31, 2012 and 2011 respectively 50,225 46,475
Additional paid in capital 58,501,642 55,416,140
Statutory reserve 7,766,002 7,051,843
Accumulated other comprehensive income 11,554,225 11,284,190
Retained earnings 37,107,107 34,414,271
Total Company stockholders' equity 114,979,201 108,212,919
Noncontrolling interest 4,376,436 4,550,570
Total equity 119,355,637 112,763,489
TOTAL LIABILITIES AND EQUITY $ 202,296,601 $ 208,013,149