Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash	$ 3,991,097	$ 2,704,987
Restricted cash	165,136,404	142,168,060
Bank notes receivable	4,280,051	145,162
Trade receivables, net	34,958,447	15,822,298
Other receivables	9,978,039	7,514,142
Related party receivables	9,829,010	3,500,715
Inventories	33,472,936	50,042,822
Advances to suppliers and prepayments	74,745,332	66,450,939
Deposits	2,982,340	3,301,491
Total current assets	339,373,656	291,650,616
Non-current assets:
Property, plant and equipment, net	142,308,930	68,927,116
Construction in Progress	30,366,688	83,621,292
Intangible assets, net	825,524	870,903
Long-term investments	25,752,825	24,352,460
Total non-current assets	199,253,967	177,771,771
Total assets	538,627,623	469,422,387
Current liabilities:
Bank notes payable	231,298,113	186,890,191
Short term Bank loans	75,052,570	66,538,879
Accounts payable	98,957,591	68,841,304
Accrued liabilities	3,081,508	660,695
Taxes payable	15,898,875	12,199,742
Other payable	9,773,273	9,179,612
Long-term bank loans, current portion	6,324,211	3,142,331
Capital lease obligation, current portion	4,134,631	4,087,562
Customer deposits	19,812,313	8,202,109
Total current liabilities	464,333,085	359,742,425
Non-current liabilities:
Notes payable to related party	64,392,843	70,190,769
Forgivable loans	7,008,806	6,235,959
Long-term bank loans		3,142,332
Capital lease obligation, non-current portion	10,198,819	11,509,361
Total non-current liabilities	81,600,468	91,078,421
Total liabilities	545,933,553	450,820,846
Stockholders' Equity
Preferred stock, 50,000,000 shares authorized, $0 par value, 0 shares issued and outstanding
Common stock, 500,000,000 shares authorized, $0 par value, 32,047,222 and 32,047,222 shares issued and outstanding as of June 30, 2012 and December 31, 2011	6,963,403	6,963,403
Statutory reserve	234,683	234,683
Retained earnings	(21,410,453)	6,369,358
Accumulated other comprehensive income	6,472,224	4,594,559
Non-controlling interest	434,213	439,538
Total stockholders' equity	(7,305,930)	18,601,541
Total liabilities and equity	$ 538,627,623	$ 469,422,387

BIRCH BRANCH INC 10-Q/A