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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 4,363,721 $ 3,891,473
Restricted cash 3,144,011 8,873,999
Accounts receivable (net of allowance for doubtful accounts of $78,346 and $76,125 as of September 30, 2015 and December 31, 2014, respectively) 3,849,006 3,730,123
Inventories 9,256,819 7,139,599
Prepayments and other current assets 450,673 $ 2,919,668
Deferred tax assets - current 36,972
Total current assets 21,101,202 $ 26,554,862
Prepayment on property, plant and equipment 1,433,669 1,490,440
Property, plant, and equipment, net 204,633,709 208,213,198
Value-added tax recoverable 3,205,450 3,228,075
Deferred tax asset - non-current 1,087,351 281,010
Total Assets 231,461,381 239,767,585
Current Liabilities    
Short-term bank loans $ 6,288,022 9,805,524
Current portion of long-term loans from credit union 147,083
Current portion of related party loan $ 2,296,059 2,386,978
Current obligations under capital lease 6,323,396 $ 12,258,488
Accounts payable 1,100,697
Notes payable 6,288,023 $ 16,113,744
Due to a related party 337,120 227,900
Accrued payroll and employee benefits 247,684 492,765
Other payables and accrued liabilities 4,419,585 2,400,523
Income taxes payable 514,505 637,143
Total current liabilities 27,815,091 44,470,148
Loans from credit union 5,281,939 5,760,745
Loans from a related party 14,148,051 9,805,524
Deferred gain on sale-leaseback 334,451 695,389
Long-term obligations under capital lease 6,568,399 4,090,413
Total liabilities $ 54,147,931 $ 64,822,219
Commitments and Contingencies
Stockholders' Equity    
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 20,316,400 shares issued and outstanding as of September 30, 2015 and December 31, 2014 $ 20,316 $ 20,316
Additional paid-in capital 49,218,982 49,218,982
Statutory earnings reserve 6,080,574 6,080,574
Accumulated other comprehensive income 10,007,333 17,021,165
Retained earnings 111,986,245 102,604,329
Total stockholders' equity 177,313,450 174,945,366
Total Liabilities and Stockholders' Equity $ 231,461,381 $ 239,767,585