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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 5,993,139 $ 4,029,708
Banker's acceptances 336,003 101,570
Trade accounts receivable, less allowance for doubtful accounts of $13,301,622 and $4,429,945, respectively 45,147,602 66,175,570
Other receivables, less allowance for doubtful accounts of $43,064 and $49,881, respectively 175,739 80,799
Advances to suppliers 7,626,716 4,816,354
Inventory, less allowance for obsolescence of $8,027,126 and $1,769,984, respectively 24,677,120 36,359,516
Deferred tax assets 0 967,671
Total Current Assets 83,956,319 112,531,188
Advances for purchases of intangible assets 41,701,505 39,263,977
Property and equipment, net of accumulated depreciation of $5,264,350 and $4,273,373, respectively 30,241,337 9,031,894
Intangible assets, net of accumulated amortization of $3,812,992 and $2,944,726, respectively 1,711,793 2,412,854
TOTAL ASSETS 157,610,954 163,239,913
Current Liabilities:    
Trade accounts payable 1,877,437 2,841,862
Accrued expenses 323,651 202,185
Accrued taxes payable 0 2,426,826
Other payables 1,312,361 1,094,886
Advances from customers 2,228,238 1,945,984
Other payables - related parties 1,354,567 1,354,567
Short-term notes payable 4,909,662 4,761,073
Total Current Liabilities 12,005,916 14,627,383
Non-current Liabilities:    
Construction loan facility 12,484,183 0
Long-term deferred tax liability 176,414 95,963
Total Liabilities 24,666,513 14,723,346
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; 43,579,557 shares and 43,579,557 shares outstanding, respectively 43,580 43,580
Additional paid-in capital 23,590,204 23,590,204
Retained earnings 88,896,276 108,904,325
Accumulated other comprehensive income 20,414,381 15,978,458
Total Stockholders' Equity 132,944,441 148,516,567
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 157,610,954 $ 163,239,913