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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income including noncontrolling interest $ 3,419,111 $ 2,141,499
Adjustments to reconcile income including noncontrolling interest to net cash provided by operating activities:    
Changes in sales type leases receivables (14,079,796) 0
Depreciation and amortization 11,305 14,210
Amortization of prepaid loan fees 20,307 20,214
Amortization of discount related to conversion feature of convertible note 0 583,650
Changes in fair value of conversion feature liability 0 (1,127,400)
Stock options and warrants expenses 0 25,784
Changes in deferred tax 751,402 227,293
(Increase) decrease in current assets:    
Interest receivable on sales type lease 850,419 1,189,067
Collection of principal on sales type leases 2,179,702 2,296,217
Prepaid expenses (3,749) 470
Account receivables 26,074 5,744,801
Other receivables (78,746) 418,660
Construction in progress 1,655,880 (15,835)
Increase (decrease) in current liabilities:    
Accounts payable 4,268,535 (1,199,993)
Taxes payable 128,657 (1,615,487)
Interest payable 975,447 1,071,156
Accrued liabilities and other payables 271,341 25,953
Accrued interest on convertible notes 179,183 238,362
Net cash provided by operating activities 575,072 10,038,621
CASH FLOWS FROM INVESTING ACTIVITIES:    
Changes of restricted cash 1,692,761 (475,632)
Acquisition of property & equipment (4,420) (262)
Net cash provided by (used in) investing activities 1,688,341 (475,894)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Notes receivable - bank acceptances (637,095) 15,854
Notes payable - bank acceptances 0 792,720
Proceeds from loans 4,778,211 4,756,318
Repayment of loans (6,848,770) (951,264)
Convertible note (313,941) (288,888)
Advance from (to) related parties 482,283 (2,407,334)
Net cash provided by (used in) financing activities (2,539,312) 1,917,406
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 121,144 38,619
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS (154,755) 11,518,752
CASH & EQUIVALENTS, BEGINNING OF PERIOD 45,004,304 14,949,253
CASH & EQUIVALENTS, END OF PERIOD 44,849,549 26,468,005
Supplemental Cash flow data:    
Income tax paid 481,732 1,824,958
Interest paid $ 513,574 $ 556,805