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While I'm at it, here's the diff for the ETLT amended Q3 statement. Let's look at some Chinese Reverse Merger Notation, shall we?

Comparing the 10-Q to the 10-Q/A, the diff output is here.

They're Unaudited Consolidated Condensed Statements of Operations. Ya got that?

It would make sense to add "the" to a sentence because the Chinese language doesn't have such a thing and thus Chinese speakers tend to forget to add it. But to remove "the" is odd:

-               Notes to the Unaudited Consolidated Financial Statements                             7
+               Notes to Unaudited Consolidated Financial Statements                                 7

But here's where it starts to get interesting:

-       Total current assets                                                       33,685,080          29,633,578
+       Total current assets                                             33,685,080          29,633,576

Two dollars disappeared from the current assets. In reality, the original filing was incorrect. The error did not propagate through the numbers, so it was a typo and not a math error.

They used a minus sign instead of parentheses:

-     Subscription receivable                                                         -10,176            (10,176)
+     Subscription receivable                                               (10,176)            (10,176)

And another error in the numbers:

-         Total liabilities and stockholders' equity                        $      45,476,025   $      40,482,265
-                                                                           ==================  ==================
+         Total liabilities and stockholders' equity                $    45,476,026   $      40,482,265
+                                                                    ==============  ==================

Since it's the last number in the list, we don't know if it was a typo or a math error. It would be very easy to see that it was wrong since it's the sum of two numbers, both of which are odd (odd + odd = even).

Here we have another number error of 1 dollar:

-SALES                                            $  5,026,968  $   9,074,651  $  17,292,310  $ 15,215,483
+SALES                                            $  5,026,968  $   9,074,651  $  17,292,310  $ 15,215,482

Two more errors, worse this time:

 WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
-Basic and diluted                                  30,733,058     29,337,381     30,696,630    29,362,380
+Basic and diluted                                  30,733,058     29,387,380     30,696,630     29,370,774

And they added an "Other" category for cash flows from operations:

+    Other                                                                               -                       27,200

...which increased the cash flow from operations for the first 9 months of 2004 by that much.

And this is a large error:

 At  September  30,  2005,  the  Company  maintains  bank  accounts in the PRC of
-approximately  $21,329,840,  and  substantially  the  entire  amount  is  to  be
+approximately  $24,115,753,  and  substantially  the  entire  amount  is  to  be
exclusively used for operations in the PRC.

However, this is a cut-and-paste error. The amount matches exactly the same item in Q2 shown here.

More number changes in the discussion, but these don't seem to be cut-and-paste errors:

 Selling and  administrative  expenses decreased by $120,216 or 28.9% to $294,917
from  $415,133 for the  corresponding  period of the prior year.  This  decrease
-resulted  from a decrease  in  penalty  expense  of  $93,878  and a decrease  in
-management  expenses  of $23,329  which was offset by small  decreases  in other
+resulted  from a decrease  in  penalty  expense  of  $68,673  and a decrease  in
+management  expenses  of $22,371  which was offset by small  decreases  in other
categories.

and here

 Cost of sales  for the  nine  months  ended  September  30,  2005  increased  by
-$2,862,070 or 29.5% to $12,576,696 from $9,714,594 for the corresponding  period
+$2,862,102 or 29.5% to $12,576,696 from $9,714,594 for the corresponding  period
of the prior  year.  This  increase  resulted  from an  increase in the costs of

and here

 As of  September  30,  2005,  the  Company  had  cash and  cash  equivalents  of
-$24,164,917 and working capital of $30,948,076. This compares with cash and cash
-equivalents of $27,473,354 and working capital of $27,436,168 as of December 31,
+$24,164,917 and working capital of $30,986,115. This compares with cash and cash
+equivalents of $27,473,354 and working capital of $27,391,150 as of December 31,
2004.

and this next change is due to the addition of $27,200 "Other" cash flow from operations.

 September 30, 2005.  This compares with cash provided from operating  activities
-of  $1,289,673  for the  corresponding  period of the prior year.  This decrease
+of  $1,316,873  for the  corresponding  period of the prior year.  This decrease
resulted  from a decrease in net income of  $737,376  and  non-cash  expenses of

and here they had the wrong amount for cash used in investing in the liquidity discussion. I can't figure out where that number came from.

-Cash used in  investing  activities  totaled  $1,272,108  during the nine months
+Cash used in  investing  activities  totaled  $1,516,830  during the nine months

and here (cut-and-paste error)

-Although the Company has a cash and bank balance of $21,329,840, it has all been
+Although the Company has a cash and bank balance of $24,115,753, it has all been

I'll bet the auditors from Thomas Leger are having so much fun with this stuff. Probably lots of forehead-smacking going on.

This is a common problem with Chinese reverse mergers that I've looked at. In my opinion there are some things you really want to watch out for: anything that results in a significant change in the amount of cash held by the company, a change in earnings, or a significant change in the number of shares. ETLT did have a very small change in the weighted average share count for 2004.