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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income including noncontrolling interest $ 2,141,499 $ 5,082,105
Adjustments to reconcile income including noncontrolling interest to net cash provided by (used in) operating activities:    
Changes in sales type leases receivables   (11,271,254)
Depreciation and amortization 14,210 14,643
Amortization of prepaid loan fees 20,214  
Amortization of discount related to conversion feature of convertible note 583,650 1,524,895
Interest expense from changes in fair value of conversion feature liability (1,127,400) (2,533,594)
Stock options and warrants expenses 25,784 1,110,093
Changes in deferred tax 227,293 633,074
(Increase) decrease in current assets:    
Interest receivable on sales type lease 1,189,067 (458,740)
Collection of principal on sales type leases 2,296,217 1,621,074
Prepaid expenses 470 17,399
Account receivables 5,744,801  
Other receivables 418,660 49,666
Construction in progress (15,835) 2,135,719
Increase (decrease) in current liabilities:    
Accounts payable (1,199,993) 967,457
Taxes payable (1,615,487) (414,047)
Interest payable 1,071,156 1,142,652
Accrued liabilities and other payables 25,953 (222,842)
Accrued interest on convertible notes 238,362 126,213
Net cash provided by (used in) operating activities 10,038,621 (475,487)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Changes of restricted cash (475,632) 2,164,601
Acquisition of property & equipment (262)  
Net cash provided by (used in) investing activities (475,894) 2,164,601
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of convertible notes   7,583,801
Notes receivable - bank acceptances 15,854  
Notes payable - bank acceptances 792,720 (2,886,134)
Proceeds from loans 4,756,318 4,101,349
Repayment of loans (951,264) (455,705)
Long term payable (288,888)  
Advance from related parties (2,407,334) 676,962
Net cash provided by financing activities 1,917,406 9,020,273
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 38,619 129,416
NET INCREASE IN CASH & EQUIVALENTS 11,518,752 10,838,803
CASH & EQUIVALENTS, BEGINNING OF PERIOD 14,949,253 11,072,250
CASH & EQUIVALENTS, END OF PERIOD 26,468,005 21,911,053
Supplemental Cash flow data:    
Income tax paid 1,824,958 1,007,538
Interest paid $ 556,805 $ 305,755