As of September 30, 2010,
we had approximately $142,617 in cash and $37,525 in accounts receivables for total
current assets of $180,142. In addition, the Company had accrued liabilities of $275,288,
other payable of $1,071,474, accounts payable of $359,216, amount due to related parties
of $1,403,547, amount due to former subsidiary of $3,715 and amount due to directors of
$611,289 for total current liabilities of $3,724,529. We also had a minority interests
asset of $5,285 for a total net non-current liabilities of $5,285, so the total
liabilities of 3,719,244 at September 30, 2010.