Consolidated Balance Sheets (June 30, 2011 Undaudited) (USD $)	Jun. 30, 2011	Dec. 31, 2010
CURRENT ASSETS:
Cash and cash equivalents	$ 30,590,698	$ 28,151,689
Restricted cash	2,403,134	1,935,979
Notes receivable	6,495,149	14,428,802
Accounts receivable, net of allowance for doubtful accounts of $9,089,754 and $8,153,727 as of June 30, 2011 and December 31, 2010, respectively	50,170,809	41,895,129
Receivables from and prepayments to related parties	1,990,609	2,448,066
Other receivables	1,144,832	792,386
Refundable bidding and system contracting project deposits	1,565,543	1,667,437
Inventories	10,133,095	6,713,448
Costs and estimated earnings in excess of billings	56,514,840	40,660,013
Employee advances	1,932,218	1,114,080
Prepayments and deferred expenses	7,611,051	10,281,292
Total current assets	170,551,978	150,088,321
PLANT AND EQUIPMENT, net	9,914,879	9,641,119
OTHER ASSETS:
Restricted cash - non current	11,022,878	7,533,407
Accounts receivable - retentions	3,769,341	2,790,492
Investment in joint ventures	506,606	496,834
Intangible assets, net	959,471	985,643
Total other assets	16,258,296	11,806,376
Total assets	196,725,153	171,535,816
CURRENT LIABILITIES:
Accounts payable	10,505,354	7,666,967
Customer deposits	2,186,599	3,023,329
Billings in excess of costs and estimated earnings	3,729,040	2,872,706
Other payables	1,985,374	838,413
Accrued liabilities	24,848,716	19,737,906
Taxes payable	11,649,099	9,416,829
Total current liabilities	54,904,182	43,556,150
COMMITMENTS AND CONTINGENCIES
EQUITY:
Common stock, $0.001 par value, 65,000,000 shares authorized, 27,910,321 and 27,855,934 shares issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	27,909	27,855
Additional paid-in-capital	26,988,583	24,771,143
Subscriptions receivable		(27,570)
Statutory reserves	7,147,795	7,147,795
Retained earnings	93,649,728	84,703,984
Accumulated other comprehensive income	13,957,271	11,349,619
Total shareholders' equity	141,771,286	127,972,826
Noncontrolling interest	49,685	6,840
Total equity	141,820,971	127,979,666
Total liabilities and equity	$ 196,725,153	$ 171,535,816

CHINA FIRE & SECURITY GROUP, INC. 10-Q/A