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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 4,425,744 $ 5,993,139
Banker's acceptances 92,832 336,003
Trade accounts receivable, less allowance for doubtful accounts of $24,499,361 and $13,301,622, respectively 35,904,934 45,147,602
Other receivables, less allowance for doubtful accounts of $60,083 and $43,064, respectively 482,862 175,739
Advances to suppliers 7,142,290 7,626,716
Inventory, less allowance for obsolescence of $7,968,701 and $8,027,126, respectively 20,960,894 24,677,120
Total Current Assets 69,009,556 83,956,319
Advances for purchases of intangible assets 41,397,984 41,701,505
Property and equipment, net of accumulated depreciation of $5,628,507 and $5,264,350, respectively 34,115,618 30,241,337
Intangible assets, net of accumulated amortization of $3,978,083 and $3,812,992, respectively 1,506,490 1,711,793
TOTAL ASSETS 146,029,648 157,610,954
Current Liabilities:    
Trade accounts payable 2,541,166 1,877,437
Accrued expenses 293,539 323,651
Other payables 1,179,720 1,312,361
Advances from customers 1,626,334 2,228,238
Other payables - related parties 1,354,567 1,354,567
Short-term notes payable 4,873,928 4,909,662
Total Current Liabilities 11,869,254 12,005,916
Non-current Liabilities:    
Construction loan facility 12,997,141 12,484,183
Long-term deferred tax liability 213,575 176,414
Total Liabilities 25,079,970 24,666,513
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 77,862,833 88,896,276
Accumulated other comprehensive income 19,453,061 20,414,381
Total Stockholders' Equity 120,949,678 132,944,441
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 146,029,648 $ 157,610,954