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Message: Re: Where's the revenue?..assets up $3 million in 3 months...
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May 15, 2012 06:06PM
2
May 15, 2012 08:42PM

MARCH 31, 2012

DECEMBER 31, 2011

(UNAUDITED)

(AUDITED)

ASSETS

Cash

$ 27,276

$ -

Inventories

2,018,956

1,772,252

Due from related parties

1,694,075

404,779

Total current assets

3,740,307

2,177,031

Mill equipment, net of accumulated depreciation of 834,084 and 737,741, respectively (see Note 4)

1,107,084

1,202,668

Properties

2,563,748

2,504,422

Prepaid expenses (see Notes 5 and 8)

1,784,360

327,183

Other assets

31,000

31,000

Total Assets

$ 9,226,499

$ 6,242,304

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