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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities    
Net Income $ 97,129 $ 1,624,863
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 506,378 466,690
Stock compensation expense 295,596 354,571
Change in fair value of warrant liability 0 (972,645)
Changes in bad debt allowance (26,326) (5,755)
Changes in operating assets and liabilities:    
Accounts receivable 1,865,155 402,071
Advance to suppliers (6,741,014) 2,234,498
Inventories 688,401 (2,266,091)
Other current assets 317,955 151,309
Accounts payable 2,369,232 (1,668,686)
Advance from customers 671,656 11,961
Accrued expenses and other payables (691,802) (585,870)
Deferred rent payable 4,644 4,940
Taxes payable 120,032 161,261
Net Cash Used in Operating Activities (522,964) (86,883)
Cash Flows From Investing Activities    
Payment for land compensation fee and occupancy tax 0 (193,211)
Purchase of property and equipment (44,777) (321,587)
Construction in progress 0 (112,750)
Net Cash Used in Investing Activities (44,777) (627,548)
Cash Flows From Financing Activities    
Proceeds from line of credit and bank loan 10,884,726 9,309,218
Repayment to line of credit and bank loan (10,247,496) (8,522,787)
Net Cash Provided by Financing Activities 637,230 786,431
Effect of Exchange Rate Changes on Cash and Cash Equivalents 2,668 2,090
Net increase in cash and cash equivalents 72,157 74,090
Cash and cash equivalents, beginning of period 988,029 1,244,308
Cash and cash equivalents, ending of period 1,060,186 1,318,398
Cash paid during the period for:    
Income tax payments 7,200 35,000
Interest expense $ 114,645 $ 94,240