XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 4,852,740 $ 3,692,086
Banker's acceptances 132,170 0
Trade accounts receivable, less allowance for doubtful accounts of $3,221,726 and $3,317,017, respectively 68,715,909 61,947,737
Other receivables, less allowance for doubtful accounts of $39,070 and $15,669, respectively 64,037 65,019
Advances to suppliers 5,265,650 5,311,896
Inventory 26,621,902 20,388,935
Deferred tax assets 518,906 528,684
Total Current Assets 106,171,314 91,934,357
Advances for purchases of property and equipment and intangible assets 35,343,431 29,896,334
Property and equipment, net of accumulated depreciation of $3,436,182 and $2,695,840, respectively 6,209,618 6,372,487
Intangible assets, net of accumulated amortization of $2,876,612 and $2,342,081, respectively 3,219,074 3,547,763
TOTAL ASSETS 150,943,437 131,750,941
Current Liabilities:    
Trade accounts payable 3,121,805 4,937,781
Accrued expenses 136,684 98,206
Accrued taxes payable 3,295,015 2,386,019
Other payables 413,696 92,077
Advances from customers 1,667,848 1,208,988
Other payables - related parties 651,563 303,644
Short-term notes payable 3,913,263 3,781,119
Total Current Liabilities 13,199,874 12,807,834
Long-term deferred tax liability 114,772 71,673
Derivative warrant liability 0 934,260
Total Liabilities 13,314,646 13,813,767
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value; 95,000,000 shares authorized; 43,529,557 shares and 43,404,557 shares outstanding, respectively 43,530 43,405
Additional paid-in capital 23,391,425 23,252,476
Retained earnings 100,164,599 85,017,024
Accumulated other comprehensive income 14,029,237 9,624,269
Total Stockholders' Equity 137,628,791 117,937,174
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 150,943,437 $ 131,750,941