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Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common stock | Additional Paid-in Capital | Statutory Earnings Reserve | Accumulated Other Comprehensive Income | Retained Earnings
--- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2009 | $ 56,274,956 | $ 14,876 | $ 19,169,469 | $ 4,442,450 | $ 3,984,305 | $ 28,663,856
Beginning balance, Shares at Dec. 31, 2009 |  | 14,875,714 |  |  |  |
Warrant issued for services | (35,576) | 16 | (30,048) |  | (5,544) |
Warrant issued for services, Shares |  | 16,597 |  |  |  |
Issuance of common stock by public offering | 26,570,161 | 3,450 | 26,566,711 |  |  |
Issuance of common stock by public offering, Shares |  | 3,450,000 |  |  |  |
Issuance of shares for officer services | 21,527 | 3 | 21,524 |  |  |
Issuance of shares for officer services, Shares |  | 2,500 |  |  |  |
Foreign currency translation adjustment | 3,159,472 |  |  |  | 3,159,472 |
Transfer to statutory earnings reserve |  |  |  | 1,219,137 |  | (1,219,137)
Net income | 15,551,536 |  |  |  |  | 15,551,536
Balance at Dec. 31, 2010 | 101,542,076 | 18,345 | 45,727,656 | 5,661,587 | 7,138,233 | 42,996,255
Balance, Shares at Dec. 31, 2010 |  | 18,344,811 |  |  |  |
Issuance of shares to officer and directors | 30,369 | 5 | 30,364 |  |  |
Issuance of shares to officer and directors, Shares |  | 5,380 |  |  |  |
Foreign currency translation adjustment | 4,304,334 |  |  |  | 4,304,334 |
Transfer to statutory earnings reserve |  |  |  | 201,855 |  | (201,855)
Net income | 21,648,664 |  |  |  |  | 21,648,664
Balance at Dec. 31, 2011 | 127,525,443 | 18,350 | 45,758,020 | 5,863,442 | 11,442,567 | 64,443,064
Balance, Shares at Dec. 31, 2011 |  | 18,350,191 |  |  |  |
Issuance of shares to officer and directors | 378,065 | 110 | 377,955 |  |  |
Issuance of shares to officer and directors, Shares |  | 109,584 |  |  |  |
Foreign currency translation adjustment | 884,872 |  |  |  | 884,872 |
Transfer to statutory earnings reserve |  |  |  | 100,518 |  | (100,518)
Cash dividend paid | (692,242) |  |  |  |  | (692,242)
Net income | 14,672,663 |  |  |  |  | 14,672,663
Balance at Dec. 31, 2012 | $ 142,768,801 | $ 18,460 | $ 46,135,975 | $ 5,963,960 | $ 12,327,439 | $ 78,322,967
Balance, Shares at Dec. 31, 2012 |  | 18,459,775 |  |  |  |

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