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3. PROPERTY AND EQUIPMENT (Tables)
6 Months Ended
Jun. 30, 2014
PROPERTY AND EQUIPMENT (Tables)  
Property and equipment consists
    June 30,     December 31,  
    2014     2013  
Permit of land use   $ 457,609     $ 460,964  
Building     2,476,466       2,494,623  
Plant, machinery and equipment     6,705,795       6,671,620  
Motor vehicle     150,567       151,670  
Office equipment     238,423       229,210  
Construction in progress     29,715,265       25,497,600  
Total     39,744,125       35,505,687  
Less: accumulated depreciation     (5,628,507 )     (5,264,350 )
Property and Equipment, net   $ 34,115,618     $ 30,241,337  
A reconciliation of total interest cost incurred to interest expense
    For the Three Months     For the Six Months  
    Ended June 30,     Ended June 30,  
    2014     2013     2014     2013  
Total interest cost incurred   $ 345,626     $ 92,049     $ 621,841     $ 174,494  
Interest cost capitalized     232,263       -       452,031       -  
Interest expense   $ 113,363     $ 92,049     $ 169,810     $ 174,494  
Useful lives of the assets
Asset    Life - years
Permit of land use   40 - 70
Building   20 - 35
Plant, machinery and equipment   10
Motor vehicle   5 - 10
Office equipment   3-5