CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from Operating Activities
Net Income/(Loss)	$ (3,065,490)	$ 367,227
Adjustments to reconcile net income/(loss) to net cash from operating activities
Depreciation and amortization	397,352	74,837
Stock-based compensation	890,983	0
Loss/(Profit) on sale of property, plant and equipment	0	10,741
Provision for taxation	(172,886)	137,053
Dividend income	0	(8,115)
Deferred taxes	(13,699)	4,862
Currency translation reserve	0	5,296
Financing cost	173,635	(845)
Interest (Accrual)/reversal on fixed deposits	0	(6,507)
Provision for gratuity and leave encashment	11,496	23,869
Amortization of debt discount on convertible notes	31,314	0
Amortization of prepaid rent	53,497	5,428
Changes in operating assets and liabilities
Financial assets	(43,556)	2,033
Trade receivables	2,545,021	(914,187)
Inventories	(195,766)	44,679
Taxes assets	(240,057)	5,406
Prepaid expenses and other current assets	(190,854)	75,591
Other non-current assets	(24,330)	(1,046)
Accounts payable	(694,151)	(360,733)
Deferred revenues	49,907	327,897
Due to related party	375,059	0
Long-term provisions	(12,826)	(5,922)
Other non-current liabilities	(92,392)	0
Other, net	(758)	(51,831)
Net Cash from Operating Activities	(218,501)	(264,267)
Cash flows from Investing Activities
Fixed deposits placed with banks	22,822	0
Investment in mutual fund units	0	(1,097,324)
Redemption of mutual fund units	0	867,225
Proceeds from sale of fixed assets	0	100,784
Expenditures on property, plant and equipment	(3,551)	(18,581)
Net Cash from Investing Activities	19,271	(147,896)
Cash flows from Financing Activities
Short-term loans	234,118	47,905
Convertible note	78,500	0
Issuance of common shares	0	0
Net Cash from Financing Activities	312,618	47,905
Translation effect of exchange rates	(9,113)	0
Net change in cash and cash equivalents during the period	104,275	(364,258)
Cash and cash equivalents at the beginning of the period	420,012	545,374
Cash and cash equivalents at the end of the period	524,287	766,771
Non-Cash Investing and Financing Activities:
Acquisition of Investco, shares issued	0	1,111,108
Acquisition of Investco, note issued	0	400,000
Re-classification of accounts payable to related party accounts payable	321,579	0
Common stock issued for accounts payable	60,000	0
Interest	0	0
Income Taxes	$ 0	$ 0

KRANEM CORP 10-Q/A