v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 1,375,354 $ 979,282
Restricted cash 16,120 16,519
Accounts receivable, net 23,566,693 32,326,897
Inventory 7,017,957 15,318,224
Advance to supplier 4,028,999 4,363,298
Prepaid expenses 540,623 1,161,302
Other current assets 143,848 159,948
Total Current Assets 36,689,594 54,325,470
Property, plant, and equipment, net 17,800,311 19,251,051
Construction-in-progress 17,559 0
Long-term Investment 58,676 60,129
Intangible assets, net 7,481,437 7,827,809
Total Assets 62,047,577 81,464,459
Current Liabilities    
Short-term loan 7,284,480 7,464,856
Accounts payable 2,658,880 8,538,544
Advance from customers 1,962,434 1,990,479
Accrued expenses 1,260,811 1,002,885
Tax payable 116,570 73,790
Preferred stock dividends payable 203,688 247,614
Due to related parties 13,961 14,306
Other current liabilities 285,471 282,179
Total Current Liabilities 13,786,295 19,614,653
Equity    
Series A convertible preferred stock, $.001 par value, 10,000,000 shares authorized, 1,844,122 and 2,182,628 shares outstanding, respectively 1,844 2,183
Common stock, $.001 par value; 75,000,000 shares authorized, 11,031,807 and 10,618,266 shares outstanding, respectively 11,032 10,618
Additional paid-in capital 21,466,375 21,225,146
Other comprehensive income 6,475,196 7,897,730
Retained earnings 20,274,455 32,681,588
Total Stockholders' Equity 48,228,902 61,817,265
Noncontrolling Interests 32,380 32,541
Total Equity 48,261,282 61,849,806
Total Liabilities and Equity $ 62,047,577 $ 81,464,459