Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT)

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (USD $)
Series B
Common stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non-controlling Interests
Total
Stockholders' Equity at Dec. 31, 2011 $ 13 $ 285,062 $ 24,260,628 $ (26,662,294) $ (21,996) $ 5,099,547 $ 2,960,960
Shares, Outstanding at Dec. 31, 2011 13,000 285,062,812          
Contributions from noncontrolling interests           1,531,290 1,531,290
Share-based compensation from issuance of options and compensation-based warrants     17,004       17,004
Accrual of preferential return for the noncontrolling interests           (453,999) (453,999)
Foreign currency translation gain (loss)         17,087 1,181,435 1,198,522
Net Income (Loss)       358,964   (200,050) 158,914
Stockholders' Equity at Mar. 31, 2012 13 285,062 24,277,632 (26,303,330) (4,909) 7,158,223 5,412,691
Shares, Outstanding at Mar. 31, 2012 13,000 285,062,812          
Stockholders' Equity at Dec. 31, 2012 13 293,683 24,588,022 (26,599,007) (56,121) 6,194,264 4,420,854
Shares, Outstanding at Dec. 31, 2012 13,000 293,683,502          
Contributions from noncontrolling interests           819,384 819,384
Share-based compensation from issuance of options and compensation-based warrants     107,115       107,115
Accrual of preferential return for the noncontrolling interests           (604,670) (604,670)
Issuance of common stock, value   40,000 760,000       800,000
Issuance of common stock, shares   40,000,000          
Foreign currency translation gain (loss)         9,574 879,010 888,584
Net Income (Loss)       (238,518)   (1,002,886) (1,241,404)
Stockholders' Equity at Mar. 31, 2013 $ 13 $ 333,683 $ 25,455,137 $ (26,837,525) $ (46,547) $ 6,285,102 $ 5,189,863
Shares, Outstanding at Mar. 31, 2013 13,000 333,683,502