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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities:    
Net income for the period $ 4,617,659 $ 19,269,642
Depreciation and amortization 1,462,771 1,174,822
Stock based compensation. 141,720 196,183
Derivative gain. 0 (934,260)
Bad debt expense (benefit). 871,613 108,085
Impairment of intangible assets. 593,095 0
Inventory obsolescence provision 1,769,984 0
Deferred income taxes (430,250) 37,281
Changes in assets and liabilities:    
Trade accounts and other receivables. (1,098,322) (11,392,154)
Changes in Advances to suppliers. 1,014,760 (251,171)
Inventory. (4,702,575) (2,925,143)
Trade accounts payables. (306,040) (1,928,259)
Accrued expenses and other liabilities 246,817 758,783
Accrued taxes payable. (683,357) 591,470
Other payables. 744 13,327
Advances from customers. 145,201 518,718
Net Cash Provided by Operating Activities 3,643,820 5,237,324
Cash Flows from Investing Activities:    
Net investment in banker's acceptances 0 (82,149)
Advances for payment of purchases of property and equipment. (1,612,670) 0
Advances for payment of purchases of intangible assets. (3,218,035) (5,191,385)
Purchase of property and equipment (156,878) (352,362)
Net Cash Used in Investing Activities (4,987,583) (5,625,896)
Cash Flows from Financing Activity:    
Proceeds from issuance of notes payable 793,223 0
Borrowings from related party 493,004 595,670
Net Cash Provided by Financing Activity 1,286,227 595,670
Effect of Exchange Rate Changes on Cash 36,390 151,670
Net Increase (Decrease) in Cash (21,146) 358,768
Cash and Cash Equivalents at Beginning of Period 4,050,854 3,692,086
Cash and Cash Equivalents at End of Period 4,029,708 4,050,854
Supplemental Cash Flow Information:    
Cash paid for interest 298,433 248,018
Cash paid for income taxes 2,138,853 4,532,592
Supplemental Noncash Investing and Financing Activities:    
Accounts payable for purchases of property and equipment 151,731 143,151
Accounts receivable collected with banker's acceptances 4,354,825 6,102,570
Inventory purchased with banker's acceptances 2,768,805 6,102,570
Advances for purchases of property and equipment paid with banker's acceptances 1,540,820 0
Advances for purchases of intangibles paid with banker's acceptances $ 27,909 $ 0