v2.4.0.6

Note 16 - Condensed Financial Information of U.S. Parent | 12 Months Ended
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Dec. 31, 2011
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 16 – Condensed Financial Information of U.S. Parent Deer Consumer Products, Inc. is a U.S. holding company and owns no operating assets and has no significant operations independent of its subsidiaries. Set forth below are condensed financial statements for Deer Consumer Products, Inc. (parent) on a stand-alone, unconsolidated basis as of December 31, 2011 and 2010, and for the years ended December 31, 2011, 2010 and 2009.
|  | 2011 |  |  | 2010 |
ASSETS |
Cash and equivalents |  | $ | 2,215,212 |  |  | $ | 397,872 |
Investment in subsidiaries |  |  | 187,555,050 |  |  |  | 143,012,293 |
Other current assets |  |  | 1,313,220 |  |  |  | 474,902 |
TOTAL ASSETS |  | $ | 191,083,482 |  |  | $ | 143,885,067 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
Advances from subsidiaries |  | $ | 2,594,067 |  |  | $ | 150,070 |
Tax Payable |  |  | 1,430,565 |  |  |  | - |
Dividend payable |  |  | 1,679,628 |  |  |  | - |
STOCKHOLDERS' EQUITY: |  |  |  |  |  |  |  |
Common stock |  |  | 33,593 |  |  |  | 33,593 |
Additional paid-in capital |  |  | 91,187,584 |  |  |  | 91,084,958 |
Development funds |  |  | 4,578,803 |  |  |  | 3,063,819 |
Statutory reserve |  |  | 9,157,606 |  |  |  | 6,127,639 |
Other comprehensive income |  |  | 14,769,957 |  |  |  | 6,315,475 |
Retained earnings |  |  | 65,651,679 |  |  |  | 37,109,513 |
Total stockholders' equity |  |  | 185,379,222 |  |  |  | 143,734,997 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 191,083,482 |  |  | $ | 143,885,067 |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  | $ | 1,109,749 |  |  | $ | 890,285 |  |  | $ | 657,327 |
Loss from operations |  |  | (1,109,749 | ) |  |  | (890,285 | ) |  |  | (657,327) |
Non operating income |  |  |  |  |  |  |  |  |  |  |  |
Other income (expenses) |  |  | (29,151) |  |  |  | 13,656 |  |  |  | 10,189 |
Equity income in subsidiaries |  |  | 42,440,952 |  |  |  | 31,225,666 |  |  |  | 13,016,230 |
Dividend income from Chinese subsidiary |  |  | 6,352,678 |  |  |  | - |  |  |  | - |
Total non-operating income |  |  | 48,764,479 |  |  |  | 31,239,322 |  |  |  | 13,026,419 |
Income before income tax |  |  | 47,654,730 |  |  |  | 30,349,037 |  |  |  | 12,369,092 |
Income tax |  |  | 1,496,424 |  |  |  | - |  |  |  | - |
Net income |  | $ | 46,158,306 |  |  | $ | 30,349,037 |  |  | $ | 12,369,092 |
|  | 2011 |  |  | 2010 |  |  | 2009 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net income |  | $ | 46,158,306 |  |  | $ | 30,349,037 |  |  | $ | 12,369,092 |
Adjustments to reconcile net income to net cash |  |  |  |  |  |  |  |  |  |  |  |
used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 102,626 |  |  |  | 275,698 |  |  |  | 333,387 |
Equity income in subsidiaries |  |  | (42,440,952 | ) |  |  | (31,225,666 | ) |  |  | (13,016,230 | )
Increase in other assets |  |  | 3,036,244 |  |  |  | (463,060 | ) |  |  | (12,500) |
Net cash used in operating activities |  |  | 6,856,224 |  |  |  | (1,063,991 | ) |  |  | (326,251) |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries |  |  | - |  |  |  | (1,400,000 | ) |  |  | (78,122,399) |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of common stock, net |  |  | - |  |  |  | - |  |  |  | 81,461,883 |
Increase in advances from related party |  |  | - |  |  |  | - |  |  |  | 150,070 |
Offering costs paid |  |  | - |  |  |  | (320,000) |  |  |  | - |
Proceeds from the exercise of warrants |  |  | - |  |  |  | 6,964,510 |  |  |  | - |
Dividend paid |  |  | (5,038,884) |  |  |  | - |  |  |  | - |
Purchased of treasure shares |  |  | - |  |  |  | (6,945,950) |  |  |  | - |
Net cash provided by (used in) financing activities |  |  | (5,038,884 | ) |  |  | (301,440) |  |  |  | 81,611,953 |
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS |  |  | 1,817,340 |  |  |  | (2,765,431) |  |  |  | 3,163,303 |
CASH & EQUIVALENTS, BEGINNING BALANCE |  |  | 397,872 |  |  |  | 3,163,303 |  |  |  | - |
CASH & EQUIVALENTS, ENDING BALANCE |  | $ | 2,215,212 |  |  | $ | 397,872 |  |  | $ | 3,163,303 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration