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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 4,269,037 $ 5,993,139
Banker's acceptances 116,047 336,003
Trade accounts receivable, less allowance for doubtful accounts of $27,912,179 and $13,301,622, respectively 30,642,878 45,147,602
Other receivables, less allowance for doubtful accounts of $70,004 and $43,064, respectively 516,095 175,739
Advances to suppliers 9,040,464 7,626,716
Inventory, less allowance for obsolescence of $4,670,853 and $8,027,126, respectively 19,014,172 24,677,120
Total Current Assets 63,598,693 83,956,319
Advances for purchases of intangible assets 41,653,862 41,701,505
Property and equipment, net of accumulated depreciation of $5,951,165 and $5,264,350, respectively 33,869,491 30,241,337
Intangible assets, net of accumulated amortization of $4,075,696 and $3,812,992, respectively 1,410,482 1,711,793
TOTAL ASSETS 140,532,528 157,610,954
Current Liabilities:    
Trade accounts payable 3,131,988 1,877,437
Accrued expenses 214,740 323,651
Other payables 1,293,273 1,312,361
Advances from customers 1,773,478 2,228,238
Other payables - related parties 1,354,567 1,354,567
Current portion of construction loan facility. 1,625,118  
Short-term notes payable 4,875,353 4,909,662
Total Current Liabilities 14,268,517 12,005,916
Non-current Liabilities:    
Construction loan facility 11,375,825 12,484,183
Long-term deferred tax liability 232,866 176,414
Total Liabilities 25,877,208 24,666,513
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding   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 71,535,109 88,896,276
Accumulated other comprehensive income 19,486,427 20,414,381
Total Stockholders' Equity 114,655,320 132,944,441
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 140,532,528 $ 157,610,954