v2.3.0.15

Condensed Consolidated Income Statement (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Cornstarch	$ 16,572,603	$ 8,511,331	$ 29,723,798	$ 15,414,788
Glucose	2,906,547	2,188,986	5,818,429	4,259,224
Others	30,087	42,176	88,846	52,394
Total Revenues	19,509,237	10,742,493	35,631,073	19,726,406
Cost of Sales
Cornstarch	14,697,383	7,438,699	25,871,925	13,484,608
Glucose	2,219,458	1,909,866	4,399,795	3,591,133
Others	30,533	33,673	89,292	43,891
Total Cost of Sales	16,947,374	9,382,238	30,361,012	17,119,632
Gross Profit	2,561,863	1,360,255	5,270,061	2,606,774
Operating expenses
Selling and distribution	247,862	264,209	541,383	506,816
General and administrative	371,567	63,358	488,014	118,703
Total Operating Expenses	619,429	327,567	1,029,397	625,519
Interest income	1,034		2,344
Interest expenses	223,345	45,979	398,519	132,326
Other expenses, net	80,415	19,248	121,704	13,637
Income Before Income Tax Expenses	1,639,708	967,461	3,722,785	1,835,292
Income tax expenses	404,798	261,634	951,304	481,610
NET INCOME	$ 1,234,910	$ 705,827	$ 2,771,481	$ 1,353,682
Basic and diluted weighted average shares outstanding	12,934,500	12,894,500	12,934,500	12,894,500
Basic net earnings per share	$ 0.1	$ 0.06	$ 0.21	$ 0.11

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SMSA Treemont Acquisition Corp 10-Q/A