v2.4.0.6

Consolidated Balance Sheets (USD $)	Dec. 31, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 1,692,449	$ 3,580,269
Accounts receivable	203,910	3,778,529
Other receivables, deposit and prepayments	530,018	563,568
Inventories	1,157,934	633,998
Deferred Taxes Assets	66,001
Total current assets	3,650,312	8,556,364
Property, plant and equipment	262,340	370,409
Long term investments	1,074,531	1,183,585
Total assets	4,987,183	10,110,358
Current liabilities
Short-term borrowings	317,496
Accounts payable	56,311	1,027,862
Amounts due to shareholders	260,470	524,668
Customer deposits	1,811,937	1,206,267
Other payables and accrued expenses	451,464	370,318
Other tax payable		21,531
Deferred Taxes Debt		32,736
Total current liabilities	2,897,678	3,183,382
Stockholders' equity
Common stock, par value $0.001 per share; 200,000,000 and 200,000,000 shares authorized; 4,966,173 and 4,966,173 shares issued and 4,651,173 and 4,651,173 shares outstanding, respectively	99,322	99,322
Treasury stock	(163,800)	(163,800)
Additional paid-in capital	10,195,693	10,195,693
Accumulated losses	(9,488,659)	(4,544,648)
Accumulated other comprehensive income	1,397,824	1,240,849
Non-controlling interest	49,125	99,560
Total stockholders' equity	2,089,505	6,926,976
Total liabilities and stockholders' equity	$ 4,987,183	$ 10,110,358

Accrued expenses and other current liabilities

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Carrying value as of the balance sheet date of obligations incurred and payable for real and property taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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