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Consolidated Balance Sheets - USD ($)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 89,093 $ 157,955
Accounts receivable, net of allowance for doubtful accounts of $773,539 and $746,439 as of March 31, 2012 and December 31, 2011, respectively 47,595 40,099
Inventory 252,246 243,404
Due from related company 0 101,138
Other current assets 235,876 30,515
Total current assets 624,810 573,111
Property, plant and equipment, net 881,291 988,380
Intangible assets, net 213,540 216,185
Goodwill 6,247,964 6,167,114
Total assets 7,967,605 7,944,790
Current liabilities    
Accounts payable and accrued expenses 215,852 155,954
Due to shareholders 287,506 326,683
Due to related companies 444,962 288,555
Due to affiliated companies 2,122,919 2,110,848
Other current liabilities 2,023,021 1,825,385
Total current liabilities 5,094,260 4,707,425
Long-term liabilities    
Long-term bank loan 2,327,010 2,361,000
Total long-term liabilities 2,327,010 2,361,000
Total liabilities 7,421,270 7,068,425
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 169,133,450 and 169,133,450 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 169,133 169,133
Additional paid-in capital 12,051,782 12,051,782
Accumulated deficit (13,490,261) (13,126,728)
Accumulated other comprehensive income 2,291,374 2,230,131
Total stockholders' equity (deficit) 1,022,028 1,324,318
Noncontrolling interest (475,693) (447,953)
Total equity (deficit) 546,335 876,365
Total liabilities and equity $ 7,967,605 $ 7,944,790