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INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2014
Schedule of the differences between the statutory and effective tax expenses [Table Text Block]
    9/30/2014     9/30/2013  
Income attributed to PRC & Europe $ 7,718,719   $ 13,132,057  
Loss attributed to US   (627,323 )   (165,266 )
Income before tax   7,091,396     12,966,791  
             
PRC Statutory Tax at 25% Rate   2,378,889     3,289,034  
Effect of tax exemption granted   -     -  
Income tax $ 2,378,889   $ 3,289,034  
Schedule Of per Share Effect of Tax Exemption [Table Text Block]
Per Share Effect of Tax Exemption            
    9/30/2014     9/30/2013  
             
Effect of tax exemption granted $   -   $   -  
Weighted-Average Shares Outstanding            
Basic   34,873,699     34,616,714  
Per share effect $   -   $   -  
Schedule of difference between the U.S. federal statutory income tax rate and the Companys effective tax rate [Table Text Block]
    9/30/2014     9/30/2013  
U.S. federal statutory income tax rate   35%     35%  
Lower rates in PRC, net   -10%     -10%  
Tax holiday for foreign investments   8.55%     0.37%  
The Company’s effective tax rate   33.55%     25.37%  
Schedule of tax rates for its subsidiaries [Table Text Block]
  China Income Tax
  Rate
Subsidiary 2014 2013
International Lorain 0% 0%
Junan Hongran 25% 25%
Luotian Lorain 25% 25%
Beijing Lorain 25% 25%
Shandong Lorain 25% 25%
Shandong Greenpia 25% 25%
Dongguan Lorain 25% 25%