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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Net cash provided by operating activities $ 22,735,534 $ 9,566,551
Cash flows from investing activities    
Purchase of certificate of deposit (5,000,000) (5,000,000)
Additions to property, plant and equipment and construction in progress (2,776,205) (2,958,494)
Proceeds from sale of equipment 11,400 13,740
Distribution of earnings from OC-BVI 969,600 1,249,875
Collections on loans receivable 1,276,718 1,351,965
Payment for investment in land (17,431,787) (2,975,566)
Restriction on cash balance (498,929) 0
Net cash used in investing activities (23,449,203) (8,318,480)
Cash flows from financing activities    
Dividends paid (3,478,332) (3,295,765)
Repurchase of redeemable preferred stock, net (12,746) 9,313
Proceeds received from exercise of stock options 0 302,807
Principal repayments of long term debt (5,301,327) (1,283,427)
Capital contribution from non-controlling interest 0 142,105
Proceeds received from demand loan payable 10,000,000 0
Repayment of demand loan payable (500,000) 0
Net cash provided by (used in) financing activities 707,595 (4,124,967)
Effect of exchange rate changes on cash (38,113) (192,574)
Net increase in cash and cash equivalents (44,187) (3,069,470)
Cash and cash equivalents at beginning of period 33,626,516 33,892,655
Cash and cash equivalents at end of period 33,582,329 30,823,185
Interest paid in cash 154,692 294,603
Non-cash investing and financing activities    
Dividends declared but not paid 1,105,510 1,101,345
Obligation incurred (paid) for investment in land (10,050,000) 10,050,000
Transfers from inventory to property, plant and equipment and construction in progress 113,691 181,875
Common Stock [Member]
   
Non-cash investing and financing activities    
Issuance of stock for services rendered 173,458 82,369
Redeemable Preferred Stock [Member]
   
Non-cash investing and financing activities    
Issuance of stock for services rendered 65,289 110,249
Conversion (on a one-to-one basis) of 4,599, and 3,660, respectively, shares of redeemable preferred stock to common stock $ 2,759 $ 2,196