Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) (USD $)
Series B
Common stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non-Controlling Interests
Total
Stockholders' Equity at Dec. 31, 2011 $ 13 $ 285,062 $ 24,260,628 $ (26,662,294) $ (21,996) $ 5,099,547 $ 2,960,960
Shares, Outstanding at Dec. 31, 2011 13,000 285,062,812          
Contributions from noncontrolling interests           3,258,090 3,258,090
Issuance of common stock for cash, value   8,621 241,379       250,000
Issuance of common stock for cash, shares   8,620,690          
Share-based compensation from issuance of options and compensation-based warrants     53,850       53,850
Accrual of preferential return for the noncontrolling interests           (947,501) (947,501)
Foreign currency translation gain (loss)         4,642 68,848 73,490
Net Income (Loss)       (43,919)   (781,019) (824,938)
Stockholders' Equity at Jun. 30, 2012 13 293,683 24,555,857 (26,706,213) (17,354) 6,697,965 4,823,951
Shares, Outstanding at Jun. 30, 2012 13,000 293,683,502          
Stockholders' Equity at Dec. 31, 2012 13 293,683 24,588,022 (26,599,007) (56,121) 6,194,264 4,420,854
Shares, Outstanding at Dec. 31, 2012 13,000 293,683,502          
Contributions from noncontrolling interests           1,310,030 1,310,030
Share-based compensation from issuance of options and compensation-based warrants     204,557       204,557
Accrual of preferential return for the noncontrolling interests           (1,220,324) (1,220,324)
Issuance of common stock, value   40,000 760,000       800,000
Issuance of common stock, shares   40,000,000          
Foreign currency translation gain (loss)         41,359 220,741 262,100
Net Income (Loss)       (975,881)   (1,365,424) (2,341,305)
Stockholders' Equity at Jun. 30, 2013 $ 13 $ 333,683 $ 25,552,579 $ (27,574,888) $ (14,762) $ 5,139,287 $ 3,435,912
Shares, Outstanding at Jun. 30, 2013 13,000 333,683,502