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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities:    
Net income $ 4,681,691 $ 4,852,924
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,959,302 1,084,944
Loss from disposition of property, plant and equipment   68,561
(Recovery from)/allowance for bad debts (3,677) 24,398
Stock-based expense for service received 378,065 30,369
Changes in operating assets and liabilities:    
Accounts and notes receivable 96,949 (910,294)
Prepayments and other current assets 450,454 (4,619)
Inventories 2,166,832 1,993,995
Accounts payable (2,686,080) 384,203
Accrued payroll and employee benefits (49,556) 704
Other payables and accrued liabilities 656,543 (545,567)
Income taxes payable 1,698,083 1,611,172
Net Cash Provided by Operating Activities 9,348,606 8,590,790
Cash Flows from Investing Activities:    
Prepayment/deposit for purchase of property, plant and equipment (2,452,130)  
Purchases of property, plant and equipment (5,169,530) (5,843,476)
Proceeds from disposal of property, plant and equipment   736
Net Cash Used in Investing Activities (7,621,660) (5,842,740)
Cash Flows from Financing Activities:    
Repayment of related party loans (200,000)  
Proceeds from bank loans 1,981,359 1,494,825
Repayments of bank loans (2,060,614) (3,988,223)
Net Cash Used in Financing Activities (279,255) (2,493,398)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 13,483 75,234
Net Increase in Cash and Cash Equivalents 1,461,174 329,886
Cash and Cash Equivalents - Beginning of Period 4,165,446 11,348,108
Cash and Cash Equivalents - End of Period 5,626,620 11,677,994
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 171,015 187,538
Cash paid for income taxes 128,568 259,845
Supplemental Disclosure of significant non-cash transactions:    
Disposal of property, plant and equipment in lieu of payment for construction cost of a new plant   243,479
Issuance of 109,584 shares of common stock to directors and officers 378,065  
Consulting Services
   
Supplemental Disclosure of significant non-cash transactions:    
Issuance of warrants for consultancy services   $ 79,521