v2.4.0.6

Consolidated Balance Sheets (USD $)	Mar. 31, 2013	Dec. 31, 2012
Current assets
Cash and cash equivalents	$ 4,746,979	$ 103,578
Accounts receivable	134,424	132,892
Other receivables, deposits and prepayments (Note 3)	721,178	672,476
Inventories (Note 4)	1,903,303	1,554,868
Deferred taxes assets	124,586	134,119
Total current assets	7,630,470	2,597,933
Property, plant and equipment (Note 6)	205,977	225,757
Long term investments (note 7)	1,367,668	1,363,623
Total assets	9,204,115	4,187,313
Current liabilities
Short term borrowings	319,035	318,193
Accounts payable	65,930	16,629
Amounts due to related party (Note 5)	263,006	383,486
Customer deposits	5,600,903	2,631,583
Other payables and accrued expenses (Note 9)	749,360	864,052
Other tax payable	105,267
Total current liabilities	7,103,501	4,213,943
Shareholders' equity
Common stock, par value $0.001 per share; 200,000,000 and 200,000,000 shares authorized; 4,966,173 shares issued and 4,651,173 shares outstanding at March 31, 2013 and December 31, 2012	99,322	99,322
Treasury stock	(163,800)	(163,800)
Additional paid-in capital	10,040,675	10,040,675
Accumulated losses	(9,318,381)	(11,437,544)
Accumulated other comprehensive income	1,442,798	1,434,717
Non-controlling interest
Total shareholders' equity	2,100,614	(26,630)
Total liabilities and shareholders' equity	$ 9,204,115	$ 4,187,313

Accrued expenses and other current liabilities.

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