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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 1,375,845 $ 1,517,063
Adjustments to reconcile net income to net cash (used in) operating activities    
Stock-based compensation expense 349,576 43,737
Depreciation and amortization 301,341 300,840
Change in fair value of warrants liability (1,527,835) 4,413
Provision for doubtful accounts 18,481 27,224
Provision for inventory obsolescence 77,096 0
Changes in assets and liabilities:    
Increase in accounts receivable (36,590) (812,221)
Decrease (Increase) in prepayments and other current assets 3,156,478 (3,268,571)
(Increase) Decrease in other receivables (1,567,908) 215,084
Increase in inventories (1,986,022) (18,953)
Increase in tax receivable (313,171) (3,839)
Increase in accounts payable 117,009 840
Increase in advances from customers 61,740 95,181
(Decrease) Increase in accrued expenses and other current liabilities (42,641) 285,657
Increase in taxes payable 393,525 538,466
Net cash provided by (used in) operating activities 376,924 (1,075,079)
Cash flows from investing activities    
Capital expenditures including deposits for property, plant and equipment (4,726,762) (1,115,276)
Net cash used in investing activities (4,726,762) (1,115,276)
Cash flows from financing activities    
Proceeds from bank loan 2,944,000 2,413,250
Repayment of bank loan (2,948,700) (2,410,176)
Net proceeds from issuance of common stock 6,066,546 0
Net cash provided by financing activities 6,061,846 3,074
Effect of exchange rate fluctuations on cash and cash equivalents (28,817) 25,197
Net Increase (decrease) in cash and cash equivalents 1,683,191 (2,162,084)
Cash and cash equivalents at beginning of period 2,592,945 3,505,330
Cash and cash equivalents at end of period 4,276,136 1,343,246
Supplemental cash flow information    
Income tax paid 69,769 231,371
Interest paid 83,130 76,187
Uncollected option exercise proceeds recorded as other receivables and other receivables-related party $ 110,200