v2.3.0.15
Consolidated Statement of Changes in Shareholders Equity For the Nine Months Ended September 30, 2011 (Unaudited) (USD $)
Preferred Stock [Member]
Common Stock [Member]
Common Stock Subscribed [Member]
Additional Paid-In Capital [Member]
Accumulated Other Comprehensive Income [Member]
Statutory Reserve Fund [Member]
Retained Earning (Unrestricted) [Member]
Total
Beginning Balance at Dec. 31, 2010 $ 36,888$ 253$ 11,024,449$ 1,207,195$ 1,038,988$ 17,850,967$ 31,158,740
Beginning Balance (Shares) at Dec. 31, 2010 36,888,000253,020     
Issuance of 5,000,000 shares of preferred stock- CDIB5,000  9,995,000   10,000,000
Issuance of 5,000,000 shares of preferred stock- CDIB (Shares)5,000,000       
Issuance of 3,000,000 shares of preferred stock - ZTE3,000  5,997,000   6,000,000
Issuance of 3,000,000 shares of preferred stock - ZTE (Shares)3,000,000       
Cancellation of the common stock subscription agreements  (253)(505,787)   (506,040)
Cancellation of the common stock subscription agreements (Shares)  (253,020)     
Foreign currency translation adjustment    1,101,941  1,101,941
Net income for the period      10,711,98110,711,981
Ending Balance at Sep. 30, 2011$ 8,000$ 36,888 $ 26,510,662$ 2,309,136$ 1,038,988$ 28,562,948$ 58,466,622
Ending Balance (Shares) at Sep. 30, 20118,000,00036,888,000