Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY

v2.4.0.6
STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Series B Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non-controlling Interests
Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2009 $ 13 $ 236,919 $ 22,998,907 $ (26,308,143) $ (6,108) $ 2,485,792 $ (592,621)
Shares, Outstanding at Dec. 31, 2009 13,000 236,919,079          
Contributions from noncontrolling interests           3,713,530 3,713,530
Issuance of common stock for cash, Value   25,000 [1] 475,000       500,000
Issuance of common stock for cash, Shares   25,000,000          
Share-based compensation from issuance of options     115,268       115,268
Cashless Exercise of Warrants, Value   8,545 (8,545)        
Cashless Exercise of Warrants, Shares   8,545,399          
Exercise of Warrants               
Accrual of preferential return for the noncontrolling interests           (841,875) (841,875)
Foreign currency translation gain/loss         3,913 316,303 320,216
Net income       (625,287)   (1,431,805) (2,057,092)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2010 13 270,464 23,580,630 (26,933,430) (2,195) 4,241,945 1,157,427
Shares, Outstanding at Dec. 31, 2010 13,000 270,464,478          
Contributions from noncontrolling interests           5,031,410 5,031,410
Issuance of common stock for cash, Value   12,083 487,917       500,000
Issuance of common stock for cash, Shares   12,083,334          
Exercise of Warrants             56,700
Share-based compensation from issuance of options and compensation-based warrants     124,771       124,771
Issuance of common stock for services, Value   625 12,500       13,125
Issuance of common stock for services, Shares   625,000          
Exercise of Warrants, Value   1,890 54,810       56,700
Exercise of Warrants, Shares   1,890,000          
Accrual of preferential return for the noncontrolling interests           (1,454,934) (1,454,934)
Foreign currency translation gain/loss         (19,801) (1,668,620) (1,688,421)
Net income       271,136   (1,050,254) (779,118)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 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          
[1] $0.02 per share