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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income including noncontrolling interest $ 23,125,647 $ 13,391,811
Adjustments to reconcile income including noncontrolling interest to net cash used in operating activities:    
Changes in sales type leases receivables (29,927,036) (30,724,470)
Changes in fair value of the liability (5,441,176) (2,574,590)
Depreciation and amortization 43,918 9,298
Amortization of prepaid loan fees 19,623 0
Amortization of discount related to conversion feature of convertible note 4,420,353 1,326,274
Interest expense from changes in conversion liability (9,978,574) 0
Stock compensation expense   602,000
Stock options and warrants expenses 1,610,897 1,919,102
Changes in deferred tax 2,015,593 2,495,828
(Increase) decrease in current assets:    
Interest receivable on sales type lease (1,299,323) (315,675)
Collection of principal on sales type leases 5,283,212 3,267,917
Prepaid expenses 28,005 294,464
Other receivables 10,242 (1,163,901)
Construction in progress (5,605,957) (10,226,469)
Long term deposit (375,832) 0
Increase (decrease) in current liabilities:    
Accounts payable 5,701,341 4,004,280
Taxes payable (543,434) 996,753
Interest payable 3,515,463 2,470,914
Long term liability 292,420 0
Accrued liabilities and other payables (632,332) 112,574
Accrued interest on convertible notes (154,021) 121,583
Net cash used in operating activities (7,890,971) (13,992,307)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted cash 2,193,151 (752,116)
Acquisition of property & equipment (4,676) (81,526)
Net cash provided by (used in) investing activities 2,188,475 (833,642)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of convertible notes 7,583,801 0
Cash contribution from noncontrolling interest 0 908,279
Notes payable - bank acceptances (2,924,202) 0
Proceeds from loans 4,155,444 15,800,376
Repayment of loans (923,432) 0
Long term payable 6,274,151 0
Prepaid loan fees (392,459)  
Advance to related parties (466,141) 0
Advance from related parties 300,839 3,504,613
Net cash provided by financing activities 13,608,001 20,213,268
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 718,956 (10,744)
NET INCREASE IN CASH & EQUIVALENTS 8,624,461 5,376,575
CASH & EQUIVALENTS, BEGINNING OF PERIOD 11,072,250 1,111,943
CASH & EQUIVALENTS, END OF PERIOD 19,696,711 6,488,518
Supplemental Cash flow data:    
Income tax paid 2,825,975 1,307,901
Interest paid $ 1,726,085 $ 269,083