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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,826,088 $ 5,793,946
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,057,048 703,455
Provision for inventory losses 114,355  
Stock-based compensation   25,657
(Increase) decrease in current assets:    
Accounts receivable 14,153,610 7,118,569
Advances to suppliers 2,862,987 713,336
Other receivables, prepayments, and deposits 1,309,945 (417,015)
Subsidy receivable   (480,460)
VAT receivable (655,045)  
Other assets   1,708
Inventories (18,376,257) (5,935,516)
Increase (decrease) in current liabilities:    
Accounts payable (3,486,665) (9,154,319)
Unearned revenue (212,577) (711,755)
Taxes payable 228,815 (4,210,783)
Notes payable (692,107) (3,440,063)
Other payables and accrued expenses (333,210) (879,287)
Changes in noncurrent assets - other receivable (317,050)  
Net cash provided by (used in) operating activities 3,479,937 (10,872,527)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in restricted cash (406,430) 494,294
Acquisition of property & equipment (28,801) (728,682)
Refund of deposit on land use right   6,071,063
Construction in progress (7,772) (1,042,779)
Net cash (used in) provided by investing activities (443,003) 4,793,896
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (1,679,628)  
Net cash used in financing activities (1,679,628)  
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 19,174 315,663
NET DECREASE IN CASH & EQUIVALENTS 1,376,480 (5,762,968)
CASH & EQUIVALENTS, BEGINNING OF PERIOD 13,961,434 33,956,591
CASH & EQUIVALENTS, END OF PERIOD 15,337,914 28,193,623
Supplemental Cash flow data:    
Income tax paid 2,639,188 2,076,848
Interest paid $ 0 $ 0