XML 40 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets  
Cash and cash equivalents$ 5,218,775$ 2,630,035
Accounts receivable, net of reserve for allowances, returns, and doubtful accounts of $1,060,114 and $1,004,027, respectively12,163,3297,416,090
Inventories4,919,2351,385,531
Prepaid expenses36,5421,644
Other receivables0500
Total Current Assets22,337,88111,433,800
Property, plant and equipment, net of accumulated depreciation of $2,626,919 and $2,637,629, respectively7,451,8277,928,050
Other Assets  
Land use rights, net of accumulated amortization of $1,239,119 and $881,720, respectively19,740,01919,390,976
Intangible assets, net of accumulated amortization of $2,556,607 and $1,601,418, respectively9,153,9549,714,809
Total Assets58,683,68148,467,635
Current Liabilities  
Accounts payable and accrued liabilities242,403306,025
Note payable948,640916,696
Taxes payable1,790,1671,551,198
Other payable - related party37,1320
Total Current Liabilities3,018,3422,773,919
Estimated liability for equity-based financial instruments with characteristics of liabilities:  
Designated as Series A convertible Preferred Stock (0 and 50,000 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively)051,500
Warrants0469,705
Total0521,205
Total Liabilities3,018,3423,295,124
Commitments and Contingencies00
Stockholders' Equity  
Preferred stock, par value $.001 per share; authorized 200,000,000 shares; issued and outstanding: 0 and 50,000 shares, respectively (included in liabilities)00
Common stock, par value $.001 per share; authorized 200,000,000 shares, issued or issuable and outstanding: 22,355,527 and 22,255,527 shares at September 30, 2011 and December 31, 2010, respectively22,35622,256
Additional paid-in capital14,369,56514,259,777
Retained earnings  
Appropriated6,319,7645,253,700
Unappropriated28,937,33621,322,790
Accumulated other comprehensive income (Foreign currency translation adjustments)6,016,3184,313,988
Total stockholders' equity55,665,33945,172,511
Total Liabilities and Stockholders' Equity$ 58,683,681$ 48,467,635