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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 2,524,523 $ 4,029,708
Banker's acceptances 1,714,011 101,570
Trade accounts receivable, less allowance for doubtful accounts of $9,196,993 and $4,429,945, respectively 55,355,747 66,175,570
Other receivables, less allowance for doubtful accounts of $58,209 and $49,881, respectively 556,014 80,799
Advances to suppliers 5,571,542 4,816,354
Inventory, less allowance for obsolescence of $5,566,682 and $1,769,984, respectively 33,710,598 36,359,516
Deferred tax assets 1,690,104 967,671
Total Current Assets 101,122,539 112,531,188
Advances for purchases of intangible assets 40,213,220 39,263,977
Property and equipment, net of accumulated depreciation of $4,796,901 and $4,273,373, respectively 15,404,689 9,031,894
Intangible assets, net of accumulated amortization of $3,275,787 and $2,944,726, respectively 2,192,794 2,412,854
TOTAL ASSETS 158,933,242 163,239,913
Current Liabilities:    
Trade accounts payable 4,318,202 2,841,862
Accrued expenses 258,618 202,185
Accrued taxes payable 690,781 2,426,826
Other payables 1,030,466 1,094,886
Advances from customers 2,005,509 1,945,984
Other payables - related parties 1,354,567 1,354,567
Short-term notes payable 4,859,716 4,761,073
Total Current Liabilities 14,517,859 14,627,383
Long-term deferred tax liability 136,285 95,963
Total Liabilities 14,654,144 14,723,346
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares outstanding, respectively 43,580 43,580
Additional paid-in capital 23,590,204 23,590,204
Retained earnings 101,628,193 108,904,325
Accumulated other comprehensive income 19,017,121 15,978,458
Total Stockholders' Equity 144,279,098 148,516,567
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 158,933,242 $ 163,239,913