CHINA SHEN ZHOU MINING & RESOURCES, INC.

CIK:0000790024|SEC Filings

EARNINGS PER SHARE (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Loss from continuing operations available to common shareholders:
Basic and Diluted			$ (6,677)	$ (711)
Loss from discontinued operations available to common shareholders:
Basic and Diluted				$ (89)
Weighted average number of shares:
Weighted average common shares outstanding Basic and Diluted	41,396	32,270	37,103	31,060
Loss per share from continuing operations Basic and Diluted	$ (0.04)	$ 0.02	$ (0.18)	$ (0.03)
Loss per share from discontinued operations Basic and Diluted				$ 0.0

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net loss before non-controlling interest	$ (8,012)	$ (532)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from operations of discontinued component, net of income taxes		7
Loss on sale of discontinued operations, net of income taxes		82
Provision for doubtful accounts	1,027	(99)
Impairment provision for inventories	753
Warrant modification	734
Amortization of Warrants attached to preferred stock	724
Amortization of deferred financing costs for preferred stock	531
Fair value change at derivative liabilities	(3,716)
Depreciation and amortization	5,408	2,838
Stock-based compensation	234	972
(Increase) decrease in
Notes receivable	491	(992)
Accounts receivable	2,599	(771)
Advances to suppliers	1,509	(1,840)
Other receivable	(624)
Other deposits	195	(1,313)
Prepayment for vehicle rent	68
Prepayment for office rent		82
Due from related parties	(3,187)
Inventories	(3,398)	(578)
Restricted assets	2,435	(103)
Increase (decrease) in
Accounts payable	(558)	(867)
Receipts in advance	2,576	2,666
Other payables and accruals	(4,581)	(2,848)
Taxes payable	(1,016)	184
Net cash used in operating activities from continuing operations	(5,808)	(3,112)
Net cash used in operating activities from discontinued operations		(37)
Net cash used in operating activities	(5,808)	(3,149)
Cash flows from investing activities:
Purchases of property, machinery and mining assets	(2,482)	(3,368)
Acquisition of subsidiaries, net of cash and cash equivalents acquired		(3,642)
Net cash used in investing activities	(2,482)	(7,010)
Cash flows from financing activities:
Due to related parties	(262)	(737)
Government loan	78
Proceeds from issuance of stock		20,000
Issuance costs of common stock		(1,516)
Proceeds from convertible preferred stock	5,000
Proceeds from warrants	214
Issuance costs of convertible preferred stock	(495)
Repayment of short-term loans	(15,667)	(7,599)
Proceeds from short-term loans and long-term loans	16,142	6,521
Net cash provided by financing activities	5,010	16,669
Foreign currency translation adjustment	78	367
Net (decrease) increase in cash and cash equivalents	(3,202)	6,877
Cash and cash equivalents at the beginning of the period	5,569	1,545
Cash and cash equivalents at the end of the period	2,367	8,422
Non-cash investing and financing activities
Shares issued as the installment shares to redeem a third of the convertible preferred stock	3,334
Supplemental disclosures of cash flow information:
Cash paid for interest expenses	1,169	424
Cash paid for income tax	849	54
Jinde Xinyi Fluorite Company [Member]
Non-cash investing and financing activities
Shares issued for Acquisition		9,467
Additional shares issued for Acquisition	1
Dongsheng Mining, Meilan Mining and Qianshi Resources [Member]
Non-cash investing and financing activities
Shares issued for Acquisition	$ 5,676

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 2,367	$ 5,569
Notes receivable, net	535	1,019
Accounts receivable, net	1,168	3,332
Advances to suppliers	672	1,833
Acquisition deposit		2,359
Other deposits	209	258
Due from related parties	3,201
Inventories	10,611	7,479
Restricted assets		2,536
Deferred financing costs	479
Total current assets	19,242	24,385
Restricted assets	377	175
Prepayment for vehicle rent	378	443
Property, machinery and mining assets, net	81,331	60,313
Total assets	101,328	85,316
Current liabilities:
Accounts payable	3,393	3,324
Short term loans	8,862	11,996
Receipts in advance	4,984	1,528
Other payables and accruals	3,999	2,772
Government loan	1,709
Convertible preferred stock	1,667
Derivative liabilities	667
Due to related parties	226	250
Taxes payable	2,021	1,877
Total current liabilities	27,528	21,747
Long term loan	1,899
Total liabilities	29,427	21,747
STOCKHOLDERS? EQUITY:
Convertible preferred stock ($0.001 par value; 10,000 shares and 0 share authorized as of September 30, 2012 and December 31, 2011 respectively; 1,666 shares and 0 shares issued and outstanding as of September 30, 2012 and December 31, 2011 respectively)
Common stock ($0.001 par value; 100,000,000 shares and 50,000,000 shares authorized as of September 30, 2012 and December 31, 2011, respectively; 44,686,758 shares and 32,285,973 shares issued and outstanding as of September 30, 2012 and December 31, 2011 respectively)	45	32
Additional paid-in capital	65,326	58,425
Statutory reserves	1,732	1,732
Accumulated other comprehensive income	6,489	6,109
Accumulated deficit	(20,021)	(13,344)
Stockholders' equity - China Shen Zhou Mining & Resources, Inc. and Subsidiaries	53,571	52,954
Noncontrolling interest	18,330	10,615
Total stockholders? equity	71,901	63,569
Total liabilities and stockholders' equity	$ 101,328	$ 85,316