v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 18,426,071 $ 13,086,927
Restricted cash 288,930 28,065
Accounts receivable, net 31,079,763 23,827,368
Inventories 1,532,937 2,244,519
Other current assets 12,676 649,454
Total current assets 51,340,377 39,836,333
Non-current assets:    
Property, plant and equipment, net 3,737,790 3,766,941
Land use rights, net 1,350,944 1,340,740
Deferred tax assets 784,890 352,640
Total non-current assets 5,873,624 5,460,321
Total assets 57,214,001 45,296,654
Current liabilities:    
Accounts payable 8,365,030 10,282,894
Accrued expenses and other payables 3,892,469 2,458,220
Short term bank loans 3,829,195 1,759,765
Income tax payable 1,910,920 3,241,644
Total current liabilities 17,997,614 17,742,523
Non-current liabilities:    
Related party loan   10,000
Total liabilities 17,997,614 17,752,523
Commitments and contingencies    
Stockholders' equity:    
Common stock; par value $0.001; 750,000,000 shares authorized; 341,300,000 and 325,941,500 shares issued and outstanding at June 30, 2011 and December 31, 2010 341,300 325,942
Additional paid-in capital 971,492 970,024
Accumulated other comprehensive income 2,551,181 1,869,085
Statutory surplus reserve 654,242 654,242
Retained earnings 34,698,172 23,724,838
Total stockholders' equity 39,216,387 27,544,131
Total liabilities and stockholders' equity $ 57,214,001 $ 45,296,654