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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 1,818,816 $ 8,351
Restricted cash 19,555,440 19,044,294
Other receivables and prepaid expenses 1,217,441 3,989,362
Due from related parties 13,619,198 20,528,155
Current assets of discontinued operations, held for sale 139,390,295 179,884,224
Total current assets 175,601,190 223,454,386
Intangible assets 349,600 349,600
Long-term investments 11,754,210 11,912,956
TOTAL ASSETS 187,705,000 235,716,942
Current liabilities    
Notes payable 350,937 0
Accounts payable 36,948 38,695
Accrued expenses and other payables 535,530 1,237,505
Purchase deposit from buyer 8,240,490 8,740,490
Taxes payable 22,951 22,334
Due to related parties 2,966,000 5,362,597
Warrant liability 0 7,340
Current liabilities of discontinued operations 140,007,731 155,343,024
Total current liabilities 152,160,587 170,751,985
Long-term notes payable 0 317,500
TOTAL LIABILITIES 152,160,587 171,069,485
COMMITMENTS     
STOCKHOLDERS' EQUITY    
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding 0 0
Common stock: authorized 60,000,000 shares, par value $0.01, 3,008,517 shares issued and outstanding at September 30, 2013; 2,932,085 shares issued and 2,931,917 shares outstanding at December 31, 2012 30,085 29,319
Treasury shares: 168 shares at cost (7,322) (7,322)
Additional paid-in capital 52,625,042 51,372,282
Statutory surplus reserve 737,623 702,539
Accumulated other comprehensive income 2,739,347 4,058,655
Accumulated deficit (22,416,508) (4,098,798)
TOTAL STOCKHOLDERS' EQUITY 33,708,267 52,056,675
Noncontrolling interest 1,836,146 12,590,782
TOTAL EQUITY 35,544,413 64,647,457
TOTAL LIABILITIES AND EQUITY $ 187,705,000 $ 235,716,942