v2.3.0.15

Condensed Consolidated Income Statement (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues
Cornstarch	$ 17,709,011	$ 8,204,538	$ 47,432,809	$ 23,619,326
Glucose	3,577,417	2,706,725	9,395,846	6,965,949
Others	88,164	25,982	177,010	78,376
Total Revenues	21,374,592	10,937,245	57,005,665	30,663,651
Cost of Sales
Cornstarch	15,913,714	7,668,105	41,785,639	21,152,713
Glucose	2,912,832	2,286,621	7,312,627	5,877,754
Others	2,672	2,511	91,964	46,402
Total Cost of Sales	18,829,218	9,957,237	49,190,230	27,076,869
Gross Profit	2,545,374	980,008	7,815,435	3,586,782
Operating expenses
Selling and distribution	415,074	244,703	956,457	751,519
General and administrative	132,200	42,021	620,214	160,724
Total Operating Expenses	547,274	286,724	1,576,671	912,243
Interest income	2,668	14,707	5,012	22,036
Interest expenses	270,504	133,828	669,023	273,483
Other expenses, net	(100,255)	(147,547)	21,449	(133,910)
Income Before Income Tax Expenses	1,830,519	721,710	5,553,304	2,557,002
Income tax expenses	438,058	154,012	1,389,362	635,622
NET INCOME	$ 1,392,461	$ 567,698	$ 4,163,942	$ 1,921,380
Basic and diluted weighted average shares outstanding	13,294,500	12,814,500	13,904,500	12,894,500
Basic net earnings per share	$ 0.1	$ 0.04	$ 0.3	$ 0.15

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SMSA Treemont Acquisition Corp 10-Q