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CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Income including noncontrolling interest$ 1,496,471$ 1,034,582
Adjustments to reconcile income including noncontrolling interest to net cash used in operating activities:  
Stock compensation expense400,000 
Deferred compensation109,042148,875
Depreciation and amortization305,384268,242
Loss from disposal of property42,4381,092
Increase(decrease) in current assets  
Accounts receivable(50,066)224,027
Accounts receivable - related party(858,004)(1,968,200)
Other receivables(3,558,583)(874,484)
Inventories(781,277)(134,157)
Deposits, prepaid expenses and other current assets7,346(23,057)
Increase(decrease) in current liabilities  
Accounts payable977,050517,357
Other payables, accrued expenses(474,824)(76,160)
Advances from customers146,326 
Taxes payable(99,620)19,357
NET CASH USED IN OPERATING ACTIVITIES(2,338,317)(862,526)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Construction in progress(172,290)(47,894)
Purchase of property, plant and equipment(81,176)(171,874)
NET CASH USED IN INVESTING ACTIVITIES(253,466)(219,768)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Change in due to related parties176,666(199,484)
Change in due from related parties(175,529)680,062
Repayment of short-term loans (381,971)
Proceeds from loans payable384,7631,469,135
NET CASH PROVIDED BY FINANCING ACTIVITIES385,9001,567,742
EFFECT OF EXCHANGE RATE ON CASH94,80047,745
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(2,111,083)533,193
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD3,170,5292,144,360
CASH AND CASH EQUIVALENTS, END OF PERIOD1,059,4462,677,553
Cash paid for:  
Interest55,89631,806
Income taxes$ 375,999$ 262,552