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Business Acquisition and Unaudited Pro Forma Information (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Schedule of Purchase Price Allocation [Table Text Block]
The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:

Cash
 
$
141,231
 
Accounts receivable
   
986,145
 
Inventory
   
786,776
 
Property and equipment
   
164,913
 
Customer relationship
   
50,000
 
Goodwill
   
218,606
 
Accounts payable
   
(1,742,540
)
Other payable and accrued expenses
   
(138,131
)
Deferred tax liability
   
(17,000
)
Purchase price
 
$
450,000
 

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:

Cash
 
$
141,231
 
Accounts receivable
   
986,145
 
Inventory
   
786,776
 
Property and equipment
   
164,913
 
Customer relationship
   
50,000
 
Goodwill
   
218,606
 
Accounts payable
   
(1,742,540
)
Other payable and accrued expenses
   
(138,131
)
Deferred tax liability
   
(17,000
)
Purchase price
 
$
450,000
 
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited pro forma consolidated results of operations of Nova LifeStyle and Diamond Bar for the nine and three months ended September 30, 2011, presents the operations of Nova LifeStyle and Diamond Bar as if the acquisition of Diamond Bar occurred on January 1, 2011. The pro forma results are not necessarily indicative of the actual results that would have occurred had the acquisition been completed as of the beginning of the periods presented, nor are they necessarily indicative of future consolidated results.

   
For the nine
months ended
September 30,
   
For the three
months ended
September 30,
 
   
2011
   
2011
 
   
(Unaudited)
   
(Unaudited)
 
Net sales
 
$
30,627,291
   
$
12,462,962
 
                 
Net income
 
$
3,147,306
   
$
1,640,614
 
                 
Basic weighted average shares outstanding
   
13,451,350
     
16,431,723
 
Diluted weighted average shares outstanding
   
13,522,150
     
16,641,815
 
                 
Basic net earnings per share
 
$
0.23
   
$
0.10
 
Diluted net earnings per share
 
$
0.23
   
$
0.10
 

The following unaudited pro forma consolidated results of operations of Nova LifeStyle and Diamond Bar for the years ended December 31, 2011 and 2010, presents the operations of Nova LifeStyle and Diamond Bar as if the acquisition of Diamond Bar occurred on January 1, 2011 and 2010, respectively. The pro forma results are not necessarily indicative of the actual results that would have occurred had the acquisition been completed as of the beginning of the periods presented, nor are they necessarily indicative of future consolidated results.

   
For years ended December 31,
 
   
2011
   
2010
 
   
(Unaudited)
 
Net sales
  $ 47,710,088     $ 30,094,554  
                 
Net income
  $ 5,250,294     $ 4,172,385  
                 
Basic weighted average shares outstanding
    14,506,915       9,685,000  
Diluted weighted average shares outstanding
    14,697,206       9,685,000  
                 
Basic net earnings per share
  $ 0.36     $ 0.43  
Diluted net earnings per share
  $ 0.36     $ 0.43