v2.3.0.11

Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current Assets
Cash and cash equivalents	$ 11,844,366	$ 3,870,882
Accounts receivable from a related company	991,101	706,361
Accounts receivable from third parties	633,558	693,021
Other receivables, net	377,926	52,050
Prepaid expenses	58,455	1,442
Deposits paid for acquiring property and equipment	309,430	0
Note receivable from a related company	0	1,851,009
Entrusted bank loans receivable - current portion	5,105,592	5,006,827
Entrusted bank loans receivable from a related party - current portion	15,780,925	13,654,984
Short-term advance to a related company	3,867,873	0
Current assets of discontinued operations	1,469	1,718
Total Current Assets	36,339,074	25,838,294
Property and equipment, net	704,473	406,301
Patent, net	8,969	8,969
Entrusted bank loans receivable, net of current portion	2,630,153	0
Noncurrent assets of discontinued operations	15,674	19,521
Total Assets	39,698,343	26,273,085
Current Liabilities
Accounts payable	13,561	36,793
Accrued expenses from other payables	96,660	135,395
Advance from customers	2,011,140	1,094,365
Short term note payable	2,577,551	2,527,689
Income tax payable	1,418,837	2,253,071
Other taxes payable	270,258	0
Current liabilities of discontinued operations	50,838	50,838
Total Current Liabilities	6,438,845	6,098,151
Total Liabilities	6,438,845	6,098,151
Commitments and Contingencies	0	0
Stockholders' Equity
Common stock, authorized 20,000,000 shares, par value $0.001, 3,911,951 shares and 3,370,284 shares issued and outstanding on June 30, 2011 and December 31, 2010, respectively	3,912	3,370
Additional paid-in-capital	11,800,807	8,467,246
Accumulated earnings	14,954,764	4,484,588
Accumulated other comprehensive income	911,715	356,162
Total Stockholders' Equity	27,671,198	13,311,366
Noncontrolling interests	5,588,300	6,863,568
Total Equity	33,259,498	20,174,934
Total Liabilities and Equity	$ 39,698,343	$ 26,273,085

An entrusted loan receivable from the bank.

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BLUE BRIDGE CAPITAL, INC. 10-Q