v2.3.0.15
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets  
Cash and cash equivalents$ 1,647,923$ 356,871
Short-term investment9,143,7121,512,400
Trade receivables, net16,578,86812,351,588
VAT recoverable0276,768
Inventories, net11,745,9644,973,989
Due from related parties40,6792,269
Prepaid expenses and other receivables7,361,71145,372
Advances to suppliers2,931,770528,509
Restricted cash01,270,416
Deposit for business acquisition10,578,8029,397,891
Deposit for land-use right3,103,2060
Total Current Assets63,132,63530,716,073
Property, equipment and construction in progress, net20,486,65317,239,438
Advance for property and equipment purchase15,138,16213,849,212
Restricted cash748,5120
Other assets47,82946,516
Notes receivable5,469,1880
TOTAL ASSETS105,022,97961,851,239
Current Liabilities  
Accounts payable6,670,3084,437,186
Accrued liabilities and other payable5,752,379576,164
Customer deposits827,061493,256
Wages payable302,135398,699
Corporate tax payable626,074210,717
Short-term loan3,002,5312,571,080
Current portion of long-term bank loans12,317,9805,159,422
Property purchase payable827,279499,342
Derivative liability01,141,118
Due to related parties15,60619,695
Registration rights liability411,450411,450
Total Current Liabilities30,752,80315,918,129
Long-term bank loans13,687,99812,710,430
Deferred tax liability604,993598,520
Due to related parties1,510,5631,465,420
TOTAL LIABILITIES46,556,35730,692,499
SHAREHOLDERS' EQUITY  
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 8,000,000 shares and none issued and outstanding at September 30, 2011 and December 31, 2010, respectively8,0000
Common stock, $0.001 par value, 300,000,000 shares authorized, 36,888,000 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively36,88836,888
Common stock subscribed0253
Additional paid-in capital26,510,66211,024,449
Accumulated other comprehensive income2,309,1361,207,195
Statutory reserves1,038,9881,038,988
Retained earnings (unrestricted)28,562,94817,850,967
TOTAL SHAREHOLDERS' EQUITY58,466,62231,158,740
EQUITY$ 105,022,979$ 61,851,239