v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 1,052,428 $ 979,282
Restricted cash 16,292 16,519
Accounts receivable, net 19,620,338 32,326,897
Inventory 12,649,607 15,318,224
Advance to supplier 2,857,938 4,363,298
Prepaid expenses 1,297,754 1,161,302
Other current assets 96,118 159,948
Total Current Assets 37,590,475 54,325,470
Property, plant, and equipment, net 17,539,040 19,251,051
Construction-in-progress 913,864 0
Long-term Investment 59,303 60,129
Intangible assets, net 7,610,459 7,827,809
Total Assets 63,713,141 81,464,459
Current Liabilities    
Short-term loan 7,362,333 7,464,856
Accounts payable 5,557,383 8,538,544
Advance from customers 2,005,274 1,990,479
Accrued expenses 1,179,203 1,002,885
Tax payable 130,232 73,790
Construction payable 580,873 0
Preferred stock dividends payable 107,701 247,614
Due to related parties 14,110 14,306
Other current liabilities 233,775 282,179
Total Current Liabilities 17,170,884 19,614,653
Equity    
Series A convertible preferred stock, $.001 par value, 10,000,000 shares authorized, 1,907,513 and 2,182,628 shares outstanding, respectively 1,908 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 21,669,749 21,225,146
Other comprehensive income 6,985,054 7,897,730
Retained earnings 17,842,097 32,681,588
Total Stockholders' Equity 46,509,840 61,817,265
Noncontrolling Interests 32,417 32,541
Total Equity 46,542,257 61,849,806
Total Liabilities and Equity $ 63,713,141 $ 81,464,459