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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,201,484 $ 1,020,760
Restricted cash 1,948,780 1,962,709
Accounts receivable, net 5,757,960 5,251,974
Retention receivable, current 540,945 498,095
Inventories 2,991,874 2,647,947
Prepayments and other receivables 1,478,925 1,109,906
Total current assets 13,919,968 12,491,391
Non-current assets:    
Plant and equipment, net 14,255,076 14,715,968
Land use rights, net 3,049,481 3,105,027
Construction in progress 12,354,641 12,363,807
TOTAL ASSETS 43,579,166 42,676,193
Current liabilities:    
Accounts payable, trade 2,021,692 1,085,336
Short-term bank borrowings 6,934,407 6,869,480
Note payable, related party 1,500,000 1,500,000
Amount due to a related party 431,682 431,682
Income tax payable 8,145 554
Other payables and accrued liabilities 1,406,770 924,516
Total current liabilities 12,302,696 10,811,568
TOTAL LIABILITIES 12,302,696 10,811,568
Commitments and contingencies      
Stockholders’ equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,669,147 and 5,619,147 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively 5,669 5,619
Additional paid-in capital 9,751,696 9,697,496
Deferred compensation (10,850) (94,052)
Statutory reserve 2,226,878 2,226,878
Accumulated other comprehensive income 4,468,976 4,710,113
Retained earnings 14,834,101 15,318,571
Total stockholders’ equity 31,276,470 31,864,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 43,579,166 $ 42,676,193