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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:    
Net income. $ 15,147,575 $ 16,851,026
Depreciation and amortization 1,081,890 1,271,251
Stock based compensation 139,074 281,587
Derivative gain. (934,260) (1,795,196)
Changes in assets and liabilities:    
Trade accounts receivable (9,693,404) (4,394,468)
Other receivables 3,204 (69,154)
Advances to suppliers. 228,319 (1,495,898)
Inventory. (274,331) (5,239,859)
Deferred taxes 67,789 (193,953)
Trade accounts payable. (1,933,820) 277,275
Accrued expenses. 309,977 (30,168)
Accrued taxes payable. 812,897 609,646
Other payables. 45,162 15,972
Advances from customers. 410,195 (27,982)
Net Cash Provided by Operating Activities 5,410,267 6,060,079
Cash Flows from Investing Activities:    
Net investment in banker's acceptances (130,135) 0
Advances for purchases of property and equipment and intangible assets. (4,334,490) (6,927,360)
Purchase of property and equipment (280,645) (219,904)
Net Cash Used in Investing Activities (4,745,270) (7,147,264)
Cash Flows from Financing Activity:    
Proceeds from related party loan 347,919 227,903
Proceeds from issuance of notes payable 0 2,934,100
Payment of notes payable 0 (3,814,330)
Proceeds from exercise of warrants 0 2,583,000
Net Cash Provided by Financing Activity 347,919 1,930,673
Effect of Exchange Rate Changes on Cash 147,738 83,191
Net Increase in Cash and Cash Equivalents 1,160,654 926,679
Cash and Cash Equivalents at Beginning of Period 3,692,086 3,634,753
Cash and Cash Equivalents at End of Period 4,852,740 4,561,432
Supplemental Cash Flow Information:    
Cash paid for interest 179,467 139,494
Cash paid for income taxes 1,554,339 1,889,810
Noncash Investing and Financing Activities    
Accounts receivable collected with banker's acceptances 5,161,084 0
Inventory purchased with banker's acceptances $ 5,161,084 $ 0