XML 34 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities:    
Net income $ 20,549,196 $ 12,237,047
Adjustments to reconcile net income to operating activities:    
Depreciation 286,379 261,572
Amortization 368,782  
Warrants issued for service (305,797) 342,770
Share Compensation 96,981 42,759
Noncash rental expenses 572,065  
Deferred tax assets (135,409)  
Changes in assets and liabilities:    
Decrease in trade receivables 6,891,867 12,385,586
(Increase)Decrease in due from related parties (98,049) 130,199
(Increase) in inventory, net (3,815,951) (549,333)
(Increase) in prepayments   (1,425,913)
(Decrease) in other receivables, net (115,187)  
(Decrease) in accounts payable (159,845) (112,336)
Increase(Decrease) in tax payable 1,898,697 (715,360)
Increase in accrued employee benefits 391,128 285,739
Net cash provided by operating activities 26,424,857 22,882,730
Cash flows from investing activities:    
Deposits for land use right and properties (15,255,064) (2,558,870)
Increase in construction in progress (1,884,000)  
Purchase of property and equipment (5,862)  
Net cash used in investing activities (17,144,926) (2,558,870)
Cash flows from financing activities:    
Net cash provided by financing activities    
Effect of exchange rate changes on cash 1,215,171 314,106
Net increase (decrease) in cash and cash equivalents 10,495,102 20,637,966
Cash and cash equivalents, beginning of year 27,826,142 8,111,514
Cash and cash equivalents, end of year 38,321,244 28,749,480
Supplemental disclosure of cash flow information:    
Cash paid during the year for income taxes    
Interest paid during the year