10-Q/A Filing

SUNRISE REAL ESTATE GROUP INC CIK: 1083490 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-12-064637`
Period End Date	20120331
Filing Date	20121123
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	srre-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 62

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.69M	shares	Point-in-time
Restricted cash (Note 3)	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Restricted cash (Note 3)	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.69M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.14M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.69M	shares	Point-in-time
Promissory deposits (Note 4)	`DepositsAssetsCurrent`	$3.54M	USD	Point-in-time
Promissory deposits (Note 4)	`DepositsAssetsCurrent`	$3.55M	USD	Point-in-time
Amount due from related company (Note 12)	`DueFromRelatedPartiesCurrent`	$317.42K	USD	Point-in-time
Amount due from related company (Note 12)	`DueFromRelatedPartiesCurrent`	$7.81K	USD	Point-in-time
Inventory (Note 5)	`InventoryNet`	-	USD	Point-in-time
Inventory (Note 5)	`InventoryNet`	$1.08M	USD	Point-in-time
Other receivables and deposits (Note 6)	`OtherReceivablesAndDepositNetCurrent`	$863.81K	USD	Point-in-time
Other receivables and deposits (Note 6)	`OtherReceivablesAndDepositNetCurrent`	$9.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.59M	USD	Point-in-time
Property, plant and equipment - net (Note 7)	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Property, plant and equipment - net (Note 7)	`PropertyPlantAndEquipmentNet`	$2.41M	USD	Point-in-time
Investment properties (Note 8)	`RealEstateInvestmentPropertyNet`	$6.92M	USD	Point-in-time
Investment properties (Note 8)	`RealEstateInvestmentPropertyNet`	$6.76M	USD	Point-in-time
Long-term Investment (Note 9)	`EquityMethodInvestments`	$4.25M	USD	Point-in-time
Long-term Investment (Note 9)	`EquityMethodInvestments`	$3.74M	USD	Point-in-time
Total assets	`Assets`	$33.19M	USD	Point-in-time
Total assets	`Assets`	$22.17M	USD	Point-in-time
Bank loans (Note 10)	`LoansPayableToBankCurrent`	$11.11M	USD	Point-in-time
Bank loans (Note 10)	`LoansPayableToBankCurrent`	$11.12M	USD	Point-in-time
Promissory notes payable (Note 11)	`NotesPayableCurrent`	$2.68M	USD	Point-in-time
Promissory notes payable (Note 11)	`NotesPayableCurrent`	$1.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$481.74K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$465.00K	USD	Point-in-time
Amount due to directors (Note 12)	`DueToOfficersOrStockholdersCurrent`	$5.19M	USD	Point-in-time
Amount due to directors (Note 12)	`DueToOfficersOrStockholdersCurrent`	$5.49M	USD	Point-in-time
Amount due to related party (Note 12)	`DueToRelatedPartiesCurrent`	$87.38K	USD	Point-in-time
Amount due to related party (Note 12)	`DueToRelatedPartiesCurrent`	$87.29K	USD	Point-in-time
Other payables and accrued expenses (Note 13)	`OtherAccountsPayableAndAccruedLiabilities`	$3.01M	USD	Point-in-time
Other payables and accrued expenses (Note 13)	`OtherAccountsPayableAndAccruedLiabilities`	$3.49M	USD	Point-in-time
Other tax payable (Note 14)	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$21.94K	USD	Point-in-time
Other tax payable (Note 14)	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$69.40K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$24.34K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$224.32K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.37M	USD	Point-in-time
Long-term bank loans	`LongTermLoansFromBank`	-	USD	Point-in-time
Long-term bank loans	`LongTermLoansFromBank`	-	USD	Point-in-time
Long-term promissory notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Long-term promissory notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Deposits received from underwriting sales(Note 15)	`CustomerDepositsNoncurrent`	$2.96M	USD	Point-in-time
Deposits received from underwriting sales(Note 15)	`CustomerDepositsNoncurrent`	$3.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.87M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01 per share; 200,000,000 shares authorized; 28,691,925 shares issued and outstanding as of March 31, 2012 and December 31, 2011	`CommonStockValue`	$286.92K	USD	Point-in-time
Common stock, par value $0.01 per share; 200,000,000 shares authorized; 28,691,925 shares issued and outstanding as of March 31, 2012 and December 31, 2011	`CommonStockValue`	$286.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.58M	USD	Point-in-time
Statutory reserve (Note 17)	`StatutoryReserve`	$782.99K	USD	Point-in-time
Statutory reserve (Note 17)	`StatutoryReserve`	$782.99K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-10.41M	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-11.46M	USD	Point-in-time
Non-controlling interests of consolidated subsidiaries	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$985.70K	USD	Point-in-time
Non-controlling interests of consolidated subsidiaries	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$12.66M	USD	Point-in-time
Accumulated other comprehensive income (Note 18)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$475.60K	USD	Point-in-time
Accumulated other comprehensive income (Note 18)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$489.46K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.29M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$7.32M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$33.19M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$22.17M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`SalesRevenueNet`	$1.72M	USD	1 Quarter
Net Revenues	`SalesRevenueNet`	$2.60M	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$1.15M	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$1.74M	USD	1 Quarter
Gross Profit	`GrossProfit`	$865.28K	USD	1 Quarter
Gross Profit	`GrossProfit`	$570.65K	USD	1 Quarter
Operating Expenses	`OperatingCostsAndExpenses`	$338.90K	USD	1 Quarter
Operating Expenses	`OperatingCostsAndExpenses`	$284.22K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$692.19K	USD	1 Quarter
Operating Profit/(Loss)	`OperatingIncomeLoss`	$-165.81K	USD	1 Quarter
Operating Profit/(Loss)	`OperatingIncomeLoss`	$-749.45K	USD	1 Quarter
Other Income, Net (Note 19)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other Income, Net (Note 19)	`OtherNonoperatingIncomeExpense`	$1.87M	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$3.40K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$3.76K	USD	1 Quarter
Interest Expenses	`InterestExpense`	$198.41K	USD	1 Quarter
Interest Expenses	`InterestExpense`	$491.45K	USD	1 Quarter
Profit/(Loss) Before Income Tax and Non-controlling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-360.46K	USD	1 Quarter
Profit/(Loss) Before Income Tax and Non-controlling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$629.27K	USD	1 Quarter
Income Tax	`IncomeTaxExpenseBenefit`	$15.68K	USD	1 Quarter
Income Tax	`IncomeTaxExpenseBenefit`	$8.33K	USD	1 Quarter
Profit/(Loss) Before Non-controlling Interest	`ProfitLoss`	$-368.79K	USD	1 Quarter
Profit/(Loss) Before Non-controlling Interest	`ProfitLoss`	$613.59K	USD	1 Quarter
Return on Investment	`GainLossOnInvestments`	-	USD	1 Quarter
Return on Investment	`GainLossOnInvestments`	$-572.44K	USD	1 Quarter
Non-controlling Interest of Consolidated Subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$123.51K	USD	1 Quarter
Non-controlling Interest of Consolidated Subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Net Profit/(Loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net Profit/(Loss)	`NetIncomeLoss`	$-492.30K	USD	1 Quarter
Profit/(Loss) Per Share - Basic and Fully Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Profit/(Loss) Per Share - Basic and Fully Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average common shares outstanding - Basic and Fully Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.69M	shares	1 Quarter
Weighted average common shares outstanding - Basic and Fully Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.69M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Profit/(Loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net Profit/(Loss)	`NetIncomeLoss`	$-492.30K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$240.58K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$227.41K	USD	1 Quarter
Loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-572.44K	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$123.51K	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.08M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.23K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$355.32K	USD	1 Quarter
Other receivables and deposits	`IncreaseDecreaseInDepositsAndOtherAssets`	$4.25M	USD	1 Quarter
Other receivables and deposits	`IncreaseDecreaseInDepositsAndOtherAssets`	$8.29M	USD	1 Quarter
Amount due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-309.67K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.37K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.23K	USD	1 Quarter
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-479.19K	USD	1 Quarter
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$4.31M	USD	1 Quarter
Deposit from underwriting sales	`IncreaseDecreaseInCustomerDeposits`	$-58.98K	USD	1 Quarter
Deposit from underwriting sales	`IncreaseDecreaseInCustomerDeposits`	$-131.20K	USD	1 Quarter
Interest payable on promissory notes	`IncreaseDecreaseInInterestPayableNet`	$75.00K	USD	1 Quarter
Interest payable on promissory notes	`IncreaseDecreaseInInterestPayableNet`	$31.75K	USD	1 Quarter
Interest payable on amount due to director	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$245.03K	USD	1 Quarter
Interest payable on amount due to director	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$-11.26K	USD	1 Quarter
Other tax payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-47.49K	USD	1 Quarter
Other tax payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$5.69K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-228.76K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-200.04K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-728.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.82M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.94K	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.04K	USD	1 Quarter
Long-term investment	`PaymentsToAcquireLongtermInvestments`	$60.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.04K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.94K	USD	1 Quarter
Funds received from capital increase	`FundsReceivedFromCapitalIncrease`	$10.57M	USD	1 Quarter
Proceeds from promissory note	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from promissory note	`ProceedsFromNotesPayable`	$869.88K	USD	1 Quarter
Repayment to director	`RepaymentsOfRelatedPartyDebt`	$13.64K	USD	1 Quarter
Repayment to director	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Advance from director	`ProceedsFromRelatedPartyDebt`	$53.84K	USD	1 Quarter
Advance from director	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.49M	USD	1 Quarter
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.64K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.85K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.99K	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.56M	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-754.02K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time
Income tax paid	`IncomeTaxesPaid`	$215.90K	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	$224.78K	USD	1 Quarter
Interest paid	`InterestPaid`	$192.97K	USD	1 Quarter
Interest paid	`InterestPaid`	$158.97K	USD	1 Quarter

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