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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 29,614,182 $ 1,331,658
Restricted cash 28,126,941 14,793,632
Accounts receivable 188,971 503,406
Inventories, net 272,605,177 212,396,363
Other current assets and prepaid expenses 265,949 57,971
Value added tax recoverable 12,495,126 4,501,426
Total current assets 343,296,346 233,584,456
PROPERTY AND EQUIPMENT, NET 8,171,001 9,390,258
OTHER ASSETS    
Deposit on land use right-Jewelry Park 9,498,536 9,819,687
Construction in progross-Jewelry Park 81,721,286 58,310,818
Other assets 151,941 157,078
Land use right 467,012 492,027
Total other assets 91,838,775 68,779,610
TOTAL ASSETS 443,306,122 311,754,324
CURRENT LIABILITIES    
Short term loans 53,511,285 16,270,745
Long term loans - current maturities 31,453,618 28,844,777
Debts payable, net 62,797,066 0
Deposit payables-Jewelry Park 22,663,603 0
Other payables and accrued expenses 5,273,180 2,970,770
Income tax payable 87,218 978,713
Other taxes payable 465,345 777,537
Total current liabilities 176,251,315 49,842,542
Deferred income tax liability-Non-Current 1,307,187 0
Long term loans 0 3,672,308
TOTAL LIABILITIES $ 177,558,502 $ 53,514,850
COMMITMENTS
EQUITY    
Preferred stock, $0.001 par value, 500,000 shares authorized, none issued or outstanding as of September 30, 2015 and December 31, 2014 $ 0 $ 0
Common stock $0.001 par value, 100,000,000 shares authorized, 65,963,502 shares issued and outstanding as of September 30, 2015 and December 31, 2014 65,963 65,963
Additional paid-in capital 79,877,646 79,460,175
Retained earnings    
Unappropriated 178,922,343 163,002,075
Appropriated 967,543 967,543
Accumulated other comprehensive income 5,846,677 14,743,718
Total stockholders' equity 265,680,172 258,239,474
Noncontrolling interest 67,448 0
Total equity 265,747,620 258,239,473
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 443,306,122 $ 311,754,324