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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 4,694,290 $ 36,735
Restricted cash 8,463,136 19,632,865
Short-term investments 11,011,376 0
Other receivables and prepaid expenses 496,816 614,403
Due from related parties 9,530,697 9,358,033
Current assets of discontinued operations, held for sale 125,768,265 127,409,901
Total current assets 159,964,580 157,051,937
Property, plant and equipment, net 0 0
Intangible assets 349,600 349,600
Long-term investments 10,503,972 10,880,977
TOTAL ASSETS 170,818,152 168,282,514
Current liabilities    
Short-term loans 3,113,830 3,158,587
Notes payable 350,937 350,937
Accrued expenses and other payables 928,087 866,367
Purchase deposit from buyer 13,109,118 8,240,490
Taxes payable 22,315 21,860
Due to related parties 3,342,294 3,449,922
Warrant liability 0 377
Current liabilities of discontinued operations 137,275,200 139,109,499
Total current liabilities 158,141,781 155,198,039
Long-term loans 1,248,023 1,352,103
TOTAL LIABILITIES 159,389,804 156,550,142
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 March 31, 2014 and December 31, 2013 30,087 30,087
Treasury shares: 168 shares at cost (7,322) (7,322)
Additional paid-in capital 53,699,157 53,699,157
Statutory surplus reserve 727,822 727,822
Accumulated other comprehensive income 1,035,740 817,365
Accumulated deficit (43,471,300) (42,985,768)
TOTAL STOCKHOLDERS' EQUITY 12,014,184 12,281,341
Noncontrolling interest (585,836) (548,969)
TOTAL EQUITY 11,428,348 11,732,372
TOTAL LIABILITIES AND EQUITY $ 170,818,152 $ 168,282,514