XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,050,941) $ 840,212
Depreciation - property, plant and equipment 3,280,567 3,284,259
Amortization 16,172 14,448
Share-based compensation 408,234 432,316
Deferred income tax 390,291 33,418
Loss on disposal of fixed assets 25,646 6,142
Adjustments to reconcile net income to net cash provided by operating activities:    
Accounts receivable 40,727 13,166
Inventories 21,299,200 13,391,747
Other receivables 1,669,983 (3,591,849)
Prepaid expenses 2,861,272 1,036,426
Advances to suppliers 7,603,073 3,089,043
Accounts payable (4,713,502) (940,910)
Cash card and coupon liabilities 501,696 188,706
Customer deposits received (117,765) (496,420)
Accrued expenses and other payables (2,776,056) 5,193,327
Income taxes payable 20,322 (54,310)
Net cash provided by operating activities 29,458,919 22,439,721
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (538,595) (2,354,873)
Net cash used in investing activities (538,595) (2,354,873)
CASH FLOW FROM FINANCING ACTIVITIES:    
Bank loan repayment (16,005,275) (3,164,707)
Net cash used in financing activities (16,005,275) (3,164,707)
Effect of foreign currency translation 295,196 83,083
Net increase in cash 12,915,049 16,920,141
Cash -- beginning of period 8,479,413 9,037,550
Cash -- end of period 21,689,658 26,040,774
Supplemental disclosures of cash flow information:    
Interest paid 523,888 395,983
Income taxes paid $ 205,035 $ 533,130