Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 774,578 $ (91,426)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 43,562 17,868
Bad debt expense 0 6,913
Stock options issued for services 20,132 10,056
Changes in operating assets and liabilities:    
Changes in accounts receivable (401,753) 251,544
Changes in inventories (491,528) (46,010)
Changes in prepaid expenses 887 (6,316)
Changes in income taxes payable 98,313 36,369
Changes in accounts payable and accrued liabilities 294,132 (24,175)
Net Cash Provided by (Used in) Operating Activities 338,323 154,823
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (1,018,588) (88,693)
Net Cash Used in Investing Activities (1,018,588) (88,693)
CASH FLOWS FROM FINANCING ACTIVITIES 0 0
Effect of exchange rate changes on cash (12,331) (40,517)
NET INCREASE (DECREASE) IN CASH (692,596) 25,613
CASH AT BEGINNING OF YEAR 1,689,386 1,931,757
CASH AT END OF YEAR 996,790 1,957,370
CASH PAID FOR:    
Interest 3,617 2,624
Income taxes $ 0 $ 0