10-Q/A Filing

AMERICAN SMOOTH WAVE VENTURES, INC. CIK: 1441649 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-11-049676`
Period End Date	20110630
Filing Date	20110825
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	aswv-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 64 Cash Flow Statement 58

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	341.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	325.94M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$627.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	341.30M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$28.07K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	325.94M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$288.93K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.08M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.83M	USD	Point-in-time
Inventories	`InventoryNet`	$2.24M	USD	Point-in-time
Inventories	`InventoryNet`	$1.53M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$649.45K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.34M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.74M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.77M	USD	Point-in-time
Land use rights, net	`FiniteLivedIntangibleAssetsNet`	$1.34M	USD	Point-in-time
Land use rights, net	`FiniteLivedIntangibleAssetsNet`	$1.35M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$352.64K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$784.89K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.87M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.46M	USD	Point-in-time
Total assets	`Assets`	$45.30M	USD	Point-in-time
Total assets	`Assets`	$57.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.37M	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherCurrentLiabilities`	$3.89M	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherCurrentLiabilities`	$2.46M	USD	Point-in-time
Short term bank loans	`LoansPayableToBankCurrent`	$1.76M	USD	Point-in-time
Short term bank loans	`LoansPayableToBankCurrent`	$3.83M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.91M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.00M	USD	Point-in-time
Related party loan	`DueToRelatedPartiesNoncurrent`	$10.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$18.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.75M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; par value $0.001; 750,000,000 shares authorized; 341,300,000 and 325,941,500 shares issued and outstanding at June 30, 2011 and December 31, 2010	`CommonStockValue`	$325.94K	USD	Point-in-time
Common stock; par value $0.001; 750,000,000 shares authorized; 341,300,000 and 325,941,500 shares issued and outstanding at June 30, 2011 and December 31, 2010	`CommonStockValue`	$341.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$971.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$970.02K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.55M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.87M	USD	Point-in-time
Statutory surplus reserve	`RetainedEarningsAppropriated`	$654.24K	USD	Point-in-time
Statutory surplus reserve	`RetainedEarningsAppropriated`	$654.24K	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$23.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$34.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$27.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$39.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$57.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$45.30M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$29.41M	USD	1 Quarter
Revenue	`Revenues`	$47.57M	USD	2 Qtrs
Revenue	`Revenues`	$22.80M	USD	1 Quarter
Revenue	`Revenues`	$60.83M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$32.75M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$42.36M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$15.68M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$20.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.48M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.82M	USD	2 Qtrs
Selling and distribution expenses	`SellingExpense`	$454.43K	USD	1 Quarter
Selling and distribution expenses	`SellingExpense`	$849.68K	USD	2 Qtrs
Selling and distribution expenses	`SellingExpense`	$1.42M	USD	1 Quarter
Selling and distribution expenses	`SellingExpense`	$1.90M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$717.16K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.24M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.46M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.31M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.14M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.34M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.51M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.55M	USD	1 Quarter
Interest and other (expense) income, net	`InterestAndOtherNonoperatingIncomeExpenseNet`	$-20.80K	USD	2 Qtrs
Interest and other (expense) income, net	`InterestAndOtherNonoperatingIncomeExpenseNet`	$21.19K	USD	2 Qtrs
Interest and other (expense) income, net	`InterestAndOtherNonoperatingIncomeExpenseNet`	$17.56K	USD	1 Quarter
Interest and other (expense) income, net	`InterestAndOtherNonoperatingIncomeExpenseNet`	$-25.01K	USD	1 Quarter
Finance costs	`InterestAndDebtExpense`	$77.78K	USD	2 Qtrs
Finance costs	`InterestAndDebtExpense`	$48.13K	USD	1 Quarter
Finance costs	`InterestAndDebtExpense`	$59.63K	USD	1 Quarter
Finance costs	`InterestAndDebtExpense`	$102.01K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.22M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.47M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.45M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.01M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$3.16M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.57M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$3.24M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.97M	USD	2 Qtrs
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$468.99K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$98.69K	USD	2 Qtrs
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$682.10K	USD	2 Qtrs
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$97.70K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.92M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.44M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.39M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.66M	USD	2 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	317.41M	shares	2 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	338.53M	shares	2 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	317.41M	shares	1 Quarter
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	317.41M	shares	1 Quarter
Income per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	2 Qtrs
Income per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	2 Qtrs
Income per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Income per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.97M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$194.81K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$160.62K	USD	2 Qtrs
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-38.10K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-420.42K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$17.23K	USD	2 Qtrs
Equity-settled share-based payment expenses	`ShareBasedCompensation`	$6.83K	USD	2 Qtrs
Receipts and payments through a related party	`OtherNoncashIncomeExpense`	$-13.41M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$7.25M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-5.08M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-894.38K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-711.58K	USD	2 Qtrs
Due from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$26.62M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-636.78K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.18M	USD	2 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-1.92M	USD	2 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$595.11K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-136.01K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.43M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-888.24K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.33M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.07M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.99M	USD	2 Qtrs
Restricted bank deposits made	`DepositsIntoRestrictedCash`	$319.25K	USD	2 Qtrs
Restricted bank deposits made	`DepositsIntoRestrictedCash`	$288.93K	USD	2 Qtrs
Release of restricted bank deposits	`WithdrawalsFromRestrictedCash`	$28.07K	USD	2 Qtrs
Release of restricted bank deposits	`WithdrawalsFromRestrictedCash`	$420.46K	USD	2 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.42K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$116.37K	USD	2 Qtrs
Change in deposit paid for acquisition of plant and equipment	`PaymentsForProceedsFromOtherInvestingActivities`	$-323.79K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$425.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-374.81K	USD	2 Qtrs
Proceeds from short term bank loans	`ProceedsFromBankDebt`	$2.26M	USD	2 Qtrs
Proceeds from short term bank loans	`ProceedsFromBankDebt`	$3.54M	USD	2 Qtrs
Repayment of short term bank loans	`RepaymentsOfBankDebt`	$1.68M	USD	2 Qtrs
Repayment of short term bank loans	`RepaymentsOfBankDebt`	$1.53M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$571.39K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.01M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$184.53K	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$628.30K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.17M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.34M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$627.96K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$627.96K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$102.01K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$77.78K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$4.04M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$5.17M	USD	2 Qtrs
The issue of shares as consideration for the acquisition discussed in note 14	`StockIssued1`	$6.83K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.