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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 $ 6,466,964 $ 5,315,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest on capital lease obligation 45,891 50,657
Amortization of prepaid land leases 131,544 125,331
Depreciation and amortization 6,869,721 7,378,988
Unrealized exchange loss/ (gain) on translation of inter-company balances 130,462 (101,359)
Stock-based compensation expense 7,300 7,400
Deferred tax asset 0 (81,459)
Changes in assets and liabilities, net of effects of acquisition :    
Accounts receivable (1,380,964) 810,129
Inventories 255,763 (8,173)
Prepayments and deposits (30,000) 84,009
Other receivables 0 37,713
Accounts payable and accrued expenses 2,000,630 3,649,074
Retention payable (501,556) (281,241)
Taxes payable 376,559 793,740
Net cash provided by operating activities 14,372,314 17,780,080
CASH FLOWS USED IN INVESTING ACTIVITIES    
Additions of prepaid land leases (326,526) (325,533)
Purchase of property, plant and equipment (52,286) 0
Consideration paid for business acquisition 0 (66,305,606)
Cash acquired from acquisition 0 14,074,720
Net cash used in investing activities (383,812) (52,556,419)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repurchase of common stock 0 (37,713)
Net cash used in financing activities 0 (37,713)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 816,906 (358,960)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 14,805,408 (35,173,012)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 133,606,392 146,585,601
CASH AND CASH EQUIVALENTS - END OF PERIOD 148,411,800 111,412,589
Cash paid during the period for:    
Income taxes 2,319,477 1,311,695
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock for acquisition of business $ 0 $ 13,373,140