v2.3.0.11

Consolidated Statements of Income (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements of Income (USD $)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Sales revenue	$ 25,071,628	$ 16,754,718	$ 45,364,436	$ 30,019,190
Cost of goods sold	(19,288,162)	(13,375,438)	(34,714,962)	(23,481,135)
Gross profit	5,783,466	3,379,280	10,649,474	6,538,055
Operating costs and expenses
Selling expenses	456,273	498,088	828,261	732,806
Depreciation	61,578	49,074	122,297	66,579
Other general and administrative expenses	516,116	811,643	933,830	2,634,622
Research and development	203,411	328,150	384,097	493,394
Total operating costs and expenses	1,237,378	1,686,955	2,268,485	3,927,401
Income from operations	4,546,088	1,692,325	8,380,989	2,610,654
Interest expense, net	(384,944)	(244,883)	(679,865)	(486,790)
Change in fair value of derivative liability	154,758	1,060,860	578,001	(664,373)
Other income (expense), net	(1,783)	26	(6,472)	(60,355)
Total other income (expenses)	(231,969)	816,003	(108,336)	(1,211,518)
Income before income tax	4,314,119	2,508,328	8,272,653	1,399,136
Income Tax Expense	(647,929)	(238,383)	(1,220,491)	(596,558)
Net Income	$ 3,666,190	$ 2,269,945	$ 7,052,162	$ 802,578
Earnings per share - basic	$ 0.1	$ 0.06	$ 0.19	$ 0.02
Weighted-average shares outstanding, basic	36,888,000	36,111,714	36,888,000	33,175,227
Earnings per share - diluted	$ 0.1	$ 0.06	$ 0.19	$ 0.02
Weighted-average shares outstanding, diluted	36,888,000	36,551,841	36,888,000	33,833,547

Total costs related to goods produced and sold during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 2

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a))
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

China TMK Battery Systems Inc. 10-Q/A