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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 36,735 $ 8,351
Restricted cash 19,632,865 19,044,294
Other receivables and prepaid expenses 614,403 4,398,053
Due from related parties 9,358,033 20,528,155
Current assets of discontinued operations, held for sale 127,409,901 144,751,290
Total current assets 157,051,937 188,730,143
Plant and equipment 0 0
Intangible assets 349,600 349,600
Long-term investments 10,880,977 23,758,974
TOTAL ASSETS 168,282,514 212,838,717
Current liabilities    
Short-term loans 3,158,587 2,994,999
Notes payable 350,937 290,000
Accounts payable 0 38,695
Accrued expenses and other payables 866,367 947,504
Purchase deposit from buyer 8,240,490 8,740,490
Taxes payable 21,860 22,334
Due to related parties 3,449,922 5,362,597
Warrant liability 377 7,340
Current liabilities of discontinued operations 139,109,499 138,348,859
Total current liabilities 155,198,039 156,752,818
Long-term loans 1,352,103 0
Long-term notes payable 0 317,500
TOTAL LIABILITIES 156,550,142 157,070,318
COMMITMENTS AND CONTINGENCIES     
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, 3,008,737 shares issued and 3,008,569 shares outstanding at December 31, 2013; 2,932,085 shares issued and 2,932,137 shares issued and 2,931,969 shares outstanding at December 31, 2012 30,087 29,319
Treasury shares: 168 shares at cost (7,322) (7,322)
Additional paid-in capital 53,699,157 52,083,155
Statutory surplus reserve 727,822 702,539
Accumulated other comprehensive income 817,365 4,058,657
Accumulated deficit (42,985,768) (4,098,798)
TOTAL STOCKHOLDERS' EQUITY 12,281,341 52,767,550
Noncontrolling interest (548,969) 3,000,849
TOTAL EQUITY 11,732,372 55,768,399
TOTAL LIABILITIES AND EQUITY $ 168,282,514 $ 212,838,717