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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]    
Net loss $ (1,999,552) $ (726,736)
Items not effecting cash:    
Depreciation and amortization 466,986 284,890
Provision for doubtful accounts 999 (7,064)
Deferred taxes (24,081) 7,984
Net unrealized gain on trading securities   (51,347)
Gain from the disposal of Dragonwear Trading Ltd.   (13,911)
Gain from settlement of long- term note   (8,968)
Accrued interest and exchange rate differences of long-term debt (1,693) (946)
Accrued interest and exchange rate differences on refundable deposits for the purchase of a business   (15,320)
Equity Gains 37,574  
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable (1,387,907) 749,306
Increase in inventories (1,091,181) (1,537,363)
Decrease ( increase) in trading securities 549,721 (21,278)
Increase (decrease) in related parties accounts (28,714) 69,189
Increase in other current assets (866,603) (256,113)
(Increase) decrease in funds in respect of employee rights upon retirement 46,774 (35,495)
Increase in accounts payable 1,957,282 1,018,418
Increase in other current liabilities 792,555 269,240
Increase (decrease) in liability for employee rights upon retirement (13,066) 59,446
Net cash provided by Operating Activities (1,560,906) (216,068)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (738,839) (113,729)
Purchase of the Philcar business (235,502)  
Refundable deposits for purchase of a business   (13,782)
Net cash used in Investing Activities (974,341) (127,511)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short-term debt, net 534,410 (97,615)
Proceeds from long-term debt 318,295 85,319
Repayment of long-term debt (124,840) (148,961)
Net cash used in Financing Activities 727,865 (161,257)
EFFECT OF CHANGES IN EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 27,502 (128,953)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,779,880) (633,789)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 3,502,461 3,783,631
CASH AND CASH EQUIVALENTS - END OF PERIOD 1,722,581 3,149,841
INTEREST PAID 82,592 22,099
TAXES PAID 41,424 132,309
Net fair value of the assets acquired and liabilities assumed at the acquisition date was as follows:    
Working capital, net (329,187)  
Property and equipment 100,883  
Intangible assets 597,756  
Net fair value of the assets acquired and liabilities assumed $ 369,452