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EXCEL - IDEA: XBRL DOCUMENT - Grand China Energy Group LtdFinancial_Report.xls
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EX-31.1 - CERTIFICATION OF THE CEO - Grand China Energy Group Ltdexhibit31-1.htm
EX-32.1 - CERTIFICATION OF THE CEO - Grand China Energy Group Ltdexhibit32-1.htm
EX-31.2 - CERTIFICATION OF THE CFO - Grand China Energy Group Ltdexhibit31-2.htm
10-K - ANNUAL REPORT - Grand China Energy Group Ltdform10k.htm
EX-32.2 - CERTIFICATION OF THE CFO - Grand China Energy Group Ltdexhibit32-2.htm
v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 14,353,067 $ 13,617,770
Cost of revenue (8,782,818) (6,921,203)
Gross profit 5,570,249 6,696,567
Expenses    
Selling expenses (112,721) (570)
General and administrative (2,356,206) (1,625,159)
Depreciation and amortization (52,494) (22,167)
Total operating expenses (2,521,421) (1,647,896)
Net income from operations 3,048,828 5,048,671
Other items:    
Interest expense (1,223,895) (1,196,796)
Other expense (15,557) (343,427)
Other income 0 42,196
Total other items (1,239,452) (1,498,027)
Income before income tax expense 1,809,376 3,550,644
Income tax expense (114,901) (127,822)
Net income 1,694,475 3,422,822
Other Comprehensive Income (Loss)    
Foreign currency translation adjustment 466,105 135,592
Comprehensive income $ 2,160,580 $ 3,558,414
Earnings Per Share - Basic and Diluted $ 0.01 $ 0.02
Weighted Average Shares Outstanding - Basic and Diluted 236,230,417 220,522,000