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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income including noncontrolling interest $ 19,588,156 $ 20,635,953
Adjustments to reconcile income including noncontrolling interest to net cash used in operating activities:    
Changes in sales type leases receivables (30,106,354) (74,280,703)
Depreciation and amortization 57,767 23,631
Amortization of prepaid loan fees 39,481   
Changes in fair value of the liability (5,441,176) (2,809,884)
Cost of equipment purchased by stock    11,817,712
Amortization of discount related to conversion feature of convertible note 12,116,481 1,789,558
Interest expense from changes in fair value of conversion feature liability (11,772,065)   
Stock compensation expense    602,000
Stock options and warrants expenses 1,455,113 2,940,985
Changes in deferred tax 6,352 4,516,906
(Increase) decrease in current assets:    
Interest receivable on sales type lease (1,794,931) (101,476)
Collection of principal on sales type leases 7,457,187 4,784,949
Prepaid expenses (107,937) (341,043)
Account receivables (579,047)   
Other receivables (114,331) 1,153,682
Construction in progress (5,650,550) 10,333,466
Long term deposit (378,084)   
Increase (decrease) in current liabilities:    
Accounts payable (1,327,523) 2,622,021
Taxes payable 1,197,773 908,894
Interest payable (53,311) 372,272
Refundable deposit from customers 572,862   
Accrued liabilities and other payables (1,967,836) 481,783
Accrued interest on convertible notes (431,829) 246,805
Net cash used in operating activities (17,233,802) (14,302,489)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted cash change 1,896,637 (630,697)
Acquisition of property & equipment (7,699) (81,975)
Net cash provided by (used in) investing activities 1,888,938 (712,672)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock    430,500
Issuance of convertible notes 7,583,801 7,533,391
Repayment of convertible notes (11,551,457)   
Cash contribution from noncontrolling interest    908,279
Notes receivable - bank acceptances (80,510)   
Notes payable - bank acceptances (2,322,413)   
Proceeds from loans 24,772,404 15,444,272
Repayment of loans (7,067,876)   
Long term payable 6,032,071   
Prepaid loan fees (394,810)   
Advance from related parties 1,510,633 682,158
Net cash provided by financing activities 18,481,843 24,998,600
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 740,024 (23,132)
NET INCREASE IN CASH & EQUIVALENTS 3,877,003 9,960,307
CASH & EQUIVALENTS, BEGINNING OF YEAR 11,072,250 1,111,943
CASH & EQUIVALENTS, END OF YEAR 14,949,253 11,072,250
Supplemental Cash flow data:    
Income tax paid 3,471,124 1,745,643
Interest paid $ 9,373,650 $ 4,758,991