CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 101,350	$ 737,984
Restricted cash	227,197	241,116
Contract receivables, net	43,823,970	43,812,422
Costs and earnings in excess of billings	3,288,078	3,009,487
Job disbursements advances	27,213	3,478
Other receivables, net	26,173,487	23,308,127
Inventories	116,632	30,117
Deferred income taxes, current	112,480	112,625
Other current assets	169,658	182,454
Current assets held for sale	41,242,788	46,688,400
Total current assets	115,282,853	118,126,210
Non-current assets
Plant and equipment, net	1,598,273	2,322,604
Intangible Assets	531,408	167,223
Goodwill	23,771,636	23,771,636
Other non-current assets	422,145	414,980
Investments in associates	1,264,242
Long-term assets held for sale	598,274	598,580
Assets, Noncurrent, Total	28,185,979	27,275,023
TOTAL ASSETS	143,468,831	145,401,233
Current liabilities
Short-term bank loans	4,562,643	4,606,922
Convertible Bond Payable due within one year, net	23,322,000	22,687,021
Notes payable	234,551
Accounts payable	8,544,970	8,706,583
Billings over costs and estimated earnings	2,945,273	2,955,309
Amount due to shareholder	8,015,103	13,592,883
Other payables	14,299,518	2,777,422
Business and other taxes payable	150,297	146,627
Customers' deposits	208,272	208,244
Other Accruals	9,994,523	6,476,946
Current liabilities associated with assets held for sale	33,783,468	40,483,030
Total current liabilities	106,060,618	102,640,987
Non-current liabilities
Long term bank loans	19,183	32,013
Convertible bond payable, net	9,254,624	6,304,242
Liabilities, Noncurrent, Total	9,273,807	6,336,255
TOTAL LIABILITIES	115,334,425	108,977,242
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2011 and December 31, 2010
Common stock, $0.001 par value, 100,000,000 shares authorized, 20,039,825 shares issued and outstanding at September 30, 2011 and December 31, 2010.	20,040	20,040
Additional paid in capital	43,880,995	43,880,995
Statutory reserves	3,040,595	3,040,595
Accumulated other comprehensive income	4,256,886	1,572,840
Retained earnings	(20,945,150)	(11,172,099)
Total Company shareholders' equity	30,271,163	37,342,371
Non-controlling interests	(2,118,960)	(918,380)
TOTAL SHAREHOLDERS' EQUITY	28,134,406	36,423,991
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 143,468,831	$ 145,401,233

China CGame, Inc. 10-Q