v2.4.0.6

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 3,848,413	$ 2,454,583
Restricted cash	0	98
Trade receivables, net	1,296,296	3,076,112
Other receivables	445,648	32,995
Inventories	8,674,347	8,751,884
Advances to suppliers and prepaid expenses	5,527,356	1,408,477
Current portion of long-term prepaid expenses	660,637	559,498
Total Current Assets	20,452,697	16,283,647
Long-term prepaid expenses	6,109,134	6,246,757
Plant and equipment, net of accumulated depreciation of $1,283,115 and $977,173 at December 31, 2011 and 2010, respectively	3,392,800	3,051,231
Construction in progress	0	24,318
Intangible assets, net	589,883	370,088
Total Assets	30,544,514	25,976,041
LIABILITIES AND STOCKHOLDERS' EQUITY
Short-term loans	0	3,686,846
Accounts payable and accrued payables	337,782	58,756
Advances from customers	994,935	0
Taxes payables	1,154,109	835,463
Other payables	85,480	354,988
Total Current Liabilities	2,572,306	4,936,053
Stockholders' Equity:
Common stock ($0.001 par value, 20,000,000 shares authorized, 12,958,000 shares issued and outstanding as of December 31, 2011 and 2010, respectively)	12,958	12,958
Additional paid in capital	7,046,495	7,046,495
Statutory surplus reserves	2,275,230	1,682,673
Retained earnings	15,752,651	10,557,736
Accumulated other comprehensive income	2,884,874	1,740,126
Total Stockholders' Equity	27,972,208	21,039,988
Total Liabilities and Stockholders' Equity	$ 30,544,514	$ 25,976,041

Net amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.

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Amount of statutory reserve maintained as of the balance sheet date.

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Fuer International Inc. 10-K