Ziyang Ceramics Corporation (CAAH) Balance Sheet

Cash	5.87M
Notes receivable	1.73M
Loan receivable	3.15M
Accounts receivable, net of allowance for doubtful accounts	554.74K
Inventories	2.63M
Prepaid expenses and other current assets	214.98K
Total Current Assets	14.15M
Restricted cash	0
Property, plant and equipment, net	16.07M
Intangible assets, net
Other long term assets	236.18K
Total Assets	33.25M
Loans payable-short term	5.59M
Notes payable	0
Notes payable - related party	1.01M
Accounts payable and accrued expenses	2M
Advance from customers	332.5K
Due to related party	559.33K
Dividend payable
Taxes payable	525.85K
Derivative liability	24.78K
Other payables	1.23M
Total Current Liabilities	11.27M
Loans payable-long term	236.14K
Total Liabilities	11.51M
Common stock ($0.001 par value, 500,000,000 shares authorized; 436,724,592 shares and 236,013,800 shares outstanding at June 30, 2011 and December 31, 2010, respectively.)	1.09K
Additional paid-in capital	7.32M
Retained earnings	13.33M
Other comprehensive income	1.09M
Total Shareholders' Equity	21.74M
Total Liabilities and Shareholders' Equity	33.25M

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