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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 4,505,498 $ 4,029,708
Banker's acceptances 281,488 101,570
Trade accounts receivable, less allowance for doubtful accounts of $12,531,218 and $4,429,945, respectively 52,516,831 66,175,570
Other receivables, less allowance for doubtful accounts of $78,434 and $49,881, respectively 541,131 80,799
Advances to suppliers 5,596,520 4,816,354
Inventory, less allowance for obsolescence of $5,170,866 and $1,769,984, respectively 32,637,434 36,359,516
Deferred tax assets 2,195,131 967,671
Total Current Assets 98,274,033 112,531,188
Advances for purchases of intangible assets 41,545,065 39,263,977
Property and equipment, net of accumulated depreciation of $5,036,637 and $4,273,373, respectively 20,594,678 9,031,894
Intangible assets, net of accumulated amortization of $3,427,924 and $2,944,726, respectively 2,073,452 2,412,854
TOTAL ASSETS 162,487,228 163,239,913
Current Liabilities:    
Trade accounts payable 3,297,624 2,841,862
Accrued expenses 277,161 202,185
Accrued taxes payable 0 2,426,826
Other payables 1,047,269 1,094,886
Advances from Customer 2,089,501 1,945,984
Other payables - related parties 1,354,567 1,354,567
Short-term notes payable 4,888,860 4,761,073
Total Current Liabilities 12,954,982 14,627,383
Non-current Liabilities:    
Construction loan facility 6,518,480 0
Long-term deferred tax liability 156,384 95,963
Total Liabilities 19,629,846 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 99,326,162 108,904,325
Accumulated other comprehensive income 19,897,436 15,978,458
Total Stockholders' Equity 142,857,382 148,516,567
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 162,487,228 $ 163,239,913