Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Balance Sheets (Unaudited)

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Interim Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 4,891 $ 7,946
Advance to suppliers      
Other receivables 4,046 718
Total current assets 8,937 8,664
Long-term Investment 2,267,252 2,267,252
TOTAL ASSETS 2,276,189 2,275,916
LIABILITIES AND STOCKHOLDERS'EQUITY    
Other payables 121,958   
Short-term loan (Note 6) 79,282   
Accrued expenses 36,217 28,739
TOTAL LIABILITIES 237,457 28,739
Related Party Transactions (Note 3)      
Subsequent Event (Note 7)      
STOCKHOLDER'S EQUITY    
Capital Stock      
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding as of June 30, 2012 and December 31, 2011      
Common stock, $0.001 par value, 100,000,000 shares authorized and outstanding 19,502,974 shares issued as of June 30, 2012, and 18,553,778 shares issued as of December 31, 2011 18,624 18,554
Additional Paid-In Capital 8,237,826 8,227,046
Deficit (1,305,454) (1,305,454)
Deficit accumulated during the development stage (4,912,214) (4,692,969)
Foreign currency translation adjustment (50)   
Total Stockholders' Equity 2,038,732 2,247,177
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY $ 2,276,189 $ 2,275,916