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Note 22 - SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES | 12 Months Ended
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Dec. 31, 2012
Notes to Financial Statements |
SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES | The following tables present the summarized financial information of the Company’s principal equity investees, Lox Pac, SPHC, Shandong Huayu and SPRC.
|  | As of December 31,
|  | 2011 |  | 2012
|  | Unaudited |  | Unaudited
Current assets |  | $ 54,968 |  | $ 82,231
Non-current assets |  | 17,961 |  | 17,381
Current liabilities |  | (44,870) |  | (72,389)
Non-current liabilities |  | (1,156) |  | (303)
Total shareholders’ equity |  | $ 26,903 |  | $ 26,920
|  | Year ended December 31,
|  | 2010 |  | 2011 |  | 2012
|  | Unaudited |  | Unaudited |  | Unaudited
Net sales |  | $44,866 |  | $55,727 |  | $57,467
Gross profit |  | 10,457 |  | 13,543 |  | 13,207
Net loss |  | (1,347) |  | (1,360) |  | (959)

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 + Details
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