v2.4.0.6

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
Consolidated Statements of Cash Flows (USD $)	Mar. 31, 2011	Mar. 31, 2010
Cash flows from operating activities:
Net income (loss) from continued operations	$ 16,449,696	$ 12,791,177
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Change of common Stock warrant libilities	(300,820)
(Gain)/loss on disposal of fixed assets	3,728
Impairment loss on fixed assets	3,132,675
Amortization of discount on debt	134,754
Depreciation	419,067	747,391
Accounts receivable ,trade	(12,645,791)	(488,381)
Other receivable	396,703	(407,957)
Inventory	108,266	(4,026,923)
Paid in advance	(6,612,969)	(351,270)
Prepaid expense	(862,868)	136,994
Amortization of mining right	30,090	37,925
Deposit		(268,669)
Accounts payable	8,448,547	(6,947,106)
Other payable	(1,625,565)	1,137,046
Salary payable	17,210	2,235
Tax payable	7,300,488	(192,022)
Accrued expenses	277,931	(124,267)
deferred tax	(190,349)
Received in advance	4,129,134
Net cash provided by operating activities	18,609,927	2,046,173
Cash flows from investing activities:
Short term investment		2,196,582
Construction in Progress	(38,885,542)	(454,887)
Deposal of Property, plant and equipment	291,782
Purchase of property, plant and equipment	(2,813,510)	(2,058,502)
Net cash provided by (used in) investing activities	(41,407,270)	(316,807)
Cash flows from financing activities:
Cash from investor	4,463
Convertible Note	20,000,000
Due to related party	(367,372)	440,781
Net cash provided by financing activities	19,637,091	440,781
Foreign currency translation adjustment	405,982	6,668
Net increase (decrease) in cash and cash equivalents	(2,754,270)	2,176,815
Cash and cash equivalents:
Beginning of period	6,355,927	4,179,112
End of period	3,601,657	6,355,927
Interest
Income tax	$ 100,047	$ 2,607,402

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Jintai Mining Group, Inc. 10-K