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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Income including noncontrolling interest $ 3,289,369 $ 4,035,893
Adjustments to reconcile income to cash including non-controlling interest provided by (used in) operating activities:    
Depreciation and amortization 785,222 798,526
Non-cash equity-based compensation 614,938 782,909
Provision for inventory obsolescence (69,037) 0
Loss on disposal of fixed assets 8,432 2,033
Deferred tax assets (40,080) 330,368
Changes in operating assets and liabilities:    
Accounts receivable (11,665,449) (7,946,728)
Inventories 473,053 136,413
Advances to suppliers 3,630,754 17,813,105
Prepaid expenses and other assets 49,645 (257,011)
Accounts payable 42,557 (505,074)
Advance from customers 655,962 39,059
Related parties-net (2,134,811) (8,330,669)
Accrued expenses and other current liabilities 1,062,926 1,499,698
Net cash provided by (used in) operating activities (3,296,519) 8,398,522
Cash flows from investing activities:    
Restricted cash 1,615,628 (248,729)
Cash paid for long-term investments 0 (500,000)
Purchase of property and equipment and other long-term assets 128,037 (9,450,751)
Proceeds from notes receivable 624,341 97,644
Cash increase due to acquisition of subsidiaries 235,112 1,491,630
Net cash provided by (used in) investing activities 2,603,118 (8,610,206)
Cash flows from financing activities:    
Issuance of shares for cash 166,570 1,058,840
Proceeds from short-term loans 14,133,539 18,127,923
Advance to related parties (312,941) (4,932,483)
Repayment on borrowing from related parties 0 (10,933,479)
Proceeds from (repayment on) notes payable (1,527,067) 497,457
Collection on advance to related parties 513,325 79,994
Receipt from related parties 9,075 10,921,930
Repayments on short-term loans (12,216,538) (13,167,982)
Repayments on long-term loan (4,818) 0
Net cash provided by (used in) financing activities 761,145 1,652,200
Effect of exchange rate changes on cash & cash equivalents 140,200 4,825
Net increase in cash and cash equivalents 207,944 1,445,341
Cash and cash equivalents, beginning balance 6,374,103 1,472,300
Cash and cash equivalents, ending balance 6,582,047 2,917,641
SUPPLEMENTARY DISCLOSURES:    
Interest paid 929,846 678,702
Income tax paid 116,122 36,735
Non-cash investing and financing activities    
Acquisition of 28.97% of TCB by issuing 2,462,576 shares 0 0
Acquision of 100% of CDE by issuing 484,800 shares $ 1,818,000 $ 0