v3.5.0.2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 84,702	$ 29,429
Inventories	350,071	359,194
Account receivables	162,202	5,544
Due from Related parties	0	0
Other receivables	29,653	26,508
Interest receivable	0	0
Short term investment	0	0
Deposits and prepayments	40,868	14,447
Total current assets	667,496	435,122
Investment	85,697	87,512
Property, plant and equipment (net)	302,367	320,386
Total Assets	1,055,560	843,020
Current liabilities
Short-term loan	27,144	58,519
Accounts payable	1,478	4,869
Accrued liabilities	300,398	192,306
Due to directors	605,387	627,832
Due to related parties	432,133	417,653
Other payables	717,205	660,868
Total current liabilities	2,083,745	1,962,047
Equity
Common stock: par value $.01; 200,000,000 shares authorized; 77,655,862 shares issued and outstanding	776,558	776,558
Additional paid-in capital	28,877,540	28,877,540
Deficit accumulated during the development stage	(30,947,897)	(30,996,907)
Accumulated other comprehensive income	229,110	204,099
Total China Longyi stockholders' equity	(1,064,689)	(1,138,710)
Noncontrolling interest	36,504	19,683
Total Equity	(1,028,185)	(1,119,027)
Total Liabilities and Stockholders' Equity	$ 1,055,560	$ 843,020

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

CHINA LONGYI GROUP INTERNATIONAL HOLDINGS LTD 10-Q