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Discontinued Operation
6 Months Ended
Jun. 30, 2011
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operation

12.    Discontinued Operation 

On April 1, 2010, the Company and Dalian Beigang entered into an agreement with the 49% stockholder of Ling Xiao to divest its 51% equity interest in Ling Xiao. For exchange, the 49% stockholder returned 2,500,000 shares of the Company's common stock to the Company. The agreement was finalized on May 11, 2010. Pursuant to the agreement, the divestiture was effective on April 1, 2010. The value of the 200,000 shares common stock and the operation loss of Ling Xiao for the six months ended June 30, 2010 were classified as discontinued operation loss. The following table is a summary of Ling Xiao's financial position and result of operations as of and for the twelve months ended December 31, 2010.

Shenyang Ling Xiao Aviation Services Co., Ltd

 

Condensed Balance Sheet Condensed Statement of Income
Assets   Sales revenue $ -
Current assets $ Cost of sales   -
Non-current assets - Gross Profit   -
Total assets -      
    Operating Income   -
Liabilities        
Current liabilities - Income tax   -
Non-current liabilities   Loss from discontinued    
Total liabilities - operation, net of tax   (125,062)
         
Net Assets $ Net Income $ (125,062)