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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 5,268,856 $ 5,295,790
Banker's acceptances 120,766 458,233
Trade accounts receivable, less allowance for doubtful accounts of $47,767,489 and $44,357,451, respectively 11,677,829 13,853,744
Other receivables, less allowance for doubtful accounts of $67,988 and $60,325, respectively 250,248 272,199
Advances to suppliers 8,082,226 7,889,009
Inventory, less allowance for obsolescence of $7,169,389 and $6,934,044, respectively 15,348,939 15,321,856
Prepaid expenses 231,637 404,370
Total Current Assets 40,980,501 43,495,201
Advances for purchases of intangible assets 42,594,188 42,390,186
Property and equipment, net of accumulated depreciation of $7,530,897 and $6,640,718, respectively 33,234,025 33,881,878
Intangible assets, net of accumulated amortization of $4,299,549 and $4,186,273, respectively 1,226,411 1,317,221
TOTAL ASSETS 118,035,125 121,084,486
Current Liabilities:    
Trade accounts payable 3,232,670 2,550,816
Accrued expenses 260,796 269,870
Other payables 1,425,437 1,401,470
Advances from customers 1,844,518 2,078,866
Other payables - related parties 1,354,567 1,354,567
Current portion of construction loan facility 1,636,902 1,629,062
Short-term notes payable 4,910,707 4,887,187
Total Current Liabilities 14,665,597 14,171,838
Non-current Liabilities:    
Construction loan facility 11,458,317 11,403,438
Deferred revenue 3,179,390 3,164,163
Long-term deferred tax liability 273,291 252,707
Total Liabilities 29,576,595 28,992,146
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding 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 44,628,941 48,698,231
Accumulated other comprehensive income 20,195,805 19,760,325
Total Stockholders' Equity 88,458,530 92,092,340
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 118,035,125 $ 121,084,486