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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities:  
Net income$ 3,496,127$ 5,004,970
Depreciation and amortization1,044,753956,857
Amortization of stock-based compensation125,063260,715
Deferred tax benefit(109,959)(96,494)
Accounts receivable3,262,807(1,866,188)
Inventories190,398(14,012)
Accounts payable2716
Taxes payable(39,308)278,754
Accrued expenses and other payables3,213(18,416)
Net cash provided by operating activities7,973,1214,506,202
Cash Flows From Investing Activities:  
Additions to construction in process(340,979)(4,290)
Payment of capitalized interest for construction loan (110,383)
Payments on loan to unrelated parties 438,966
Payments on loans receivable2,194,30042,828
Net cash provided by investing activities1,853,321367,121
Cash Flows From Financing Activities  
Loan repayments to bank(785,356)(724,944)
Net cash used in financing activities(785,356)(724,944)
Effect of Exchange Rate Changes on Cash177,755(266,272)
Increase in Cash9,218,8403,882,107
Cash - Beginning of Period1,886,126428,052
Cash - End of Period11,104,9664,310,160
Cash was paid for the following:  
Interest expense61,197 
Interest expense - capitalized 110,383
Income taxes$ 677,464$ 753,510