v2.3.0.15

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Net sales	$ 2,948,935	$ 3,218,034	$ 6,165,270	$ 10,098,841
Cost of sales	(2,660,637)	(2,442,782)	(5,406,098)	(8,697,989)
Gross Profit	288,298	775,252	759,172	1,400,852
Operating expenses:
Selling and marketing	(15,336)	(29,097)	(56,725)	(106,877)
General and administrative	(666,193)	(139,985)	(1,939,261)	(462,643)
Total operating expenses	(681,529)	(169,082)	(1,995,986)	(569,520)
(Loss) income from operations	(393,231)	606,170	(1,236,814)	831,332
Other income (expenses):
Other income	69,281	20,959	82,465	100,741
Interest income	22,652	346	26,160	1,205
Interest expenses	(40,335)	(17,644)	(94,186)	(49,633)
Total other income, net	51,598	3,661	14,439	52,313
(Loss) income before provision for income taxes	(341,633)	609,831	(1,222,375)	883,645
Income taxes	(22,683)	(91,475)	(30,565)	(132,547)
Net (loss) income	(364,316)	518,356	(1,252,940)	751,098
Other comprehensive income:
Foreign currency translation adjustment	8,159	17,625	57,158	20,445
Comprehensive (loss) income	$ (356,157)	$ 535,981	$ (1,195,782)	$ 771,543
Net (loss) income per share:
Basic and diluted (in dollars per share)	$ (0.009)	$ 0.013	$ (0.032)	$ 0.019
Weighted average number of ordinary shares outstanding:
Basic and diluted (in shares)	40,202,200	39,200,000	39,717,619	39,200,000

The average number of shares issued and outstanding that are used in calculating common stock basic and diluted EPS, determined based on the timing of issuance of shares in the period.

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China Green Lighting Ltd 10-Q