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Condensed Financial Information of the Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items] |
CONDENSED BALANCE SHEETS |
|  | December 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
ASSETS |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 42,592 |  |  | $ | - |
Prepayments and other current assets |  |  | 69,029 |  |  |  | 62,797 |
Total current assets |  |  | 111,621 |  |  |  | 62,797 |
Investment in subsidiaries |  |  | 163,658,397 |  |  |  | 143,597,251 |
Total Assets |  | $ | 163,770,018 |  |  | $ | 143,660,048 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |
Bank overdraft |  | $ | - |  |  | $ | 96 |
Inter-company payable |  |  | 2,544,855 |  |  |  | 736,378 |
Accrued payroll and employee benefit |  |  | 51,667 |  |  |  | 40,000 |
Accrued liabilities |  |  | 58,000 |  |  |  | 58,000 |
Insurance premium payable |  |  | 62,348 |  |  |  | 56,773 |
Total current liabilities |  |  | 2,716,870 |  |  |  | 891,247 |
Total liabilities |  |  | 2,716,870 |  |  |  | 891,247 |
Total stockholders' equity |  |  | 161,053,148 |  |  |  | 142,768,801 |
Total Liabilities and Stockholders' Equity |  | $ | 163,770,018 |  |  | $ | 143,660,048 |
CONDENSED STATEMENTS OF INCOME | CONDENSED STATEMENTS OF INCOME
|  | Year Ended |
|  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  | $ | 2,227,711 |  |  | $ | 1,397,943 |  |  | $ | 1,841,171 |
Loss from Operations |  |  | (2,227,711 | ) |  |  | (1,397,943 | ) |  |  | (1,841,171 | )
Equity in earnings of unconsolidated subsidiaries |  |  | 15,242,276 |  |  |  | 16,074,789 |  |  |  | 23,489,518 |
Other Income (Expense) |  |  | 83 |  |  |  | (4,183 | ) |  |  | 317 |
Income before Income Taxes |  |  | 13,014,648 |  |  |  | 14,672,663 |  |  |  | 21,648,664 |
Provision for Income Taxes |  |  | - |  |  |  | - |  |  |  | - |
Net Income |  | $ | 13,014,648 |  |  | $ | 14,672,663 |  |  | $ | 21,648,664 |
CONDENSED STATEMENTS OF CASH FLOWS | CONDENSED STATEMENTS OF CASH FLOWS
|  | Year Ended |
|  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Net Cash Provided by (Used in) Operating Activities |  | $ | 365,720 |  |  | $ | 546,760 |  |  | $ | 75,537 |
Net Cash Used in Investing Activities |  |  | - |  |  |  | - |  |  |  | - |
Net Cash Used in Financing Activities |  |  | (323,032 | ) |  |  | (692,242 | ) |  |  | - |
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | 42,688 |  |  |  | (145,482 | ) |  |  | 75,537 |
Cash and Cash Equivalents - Beginning of Period |  |  | (96 | ) |  |  | 145,386 |  |  |  | 69,849 |
Cash and Cash Equivalents - End of Period |  | $ | 42,592 |  |  | $ | (96 | ) |  | $ | 145,386 |

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