CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 87,847,927	$ 75,526,533
Accounts receivable	91,531	81,497
Inventories	1,250,539	965,251
Prepayments and other receivables	449,921	1,321,726
Total current assets	89,639,918	77,895,007
OTHER ASSETS
Intangible assets, net	1,335,956	1,552,022
Property, plant and equipment, net	15,771,790	15,991,060
Total assets	106,747,664	95,438,089
CURRENT LIABILITIES
Other payables and accruals	1,814,358	1,481,198
Taxes payable	2,833,002	2,981,136
Due to a related party	159,360	150,036
Preferred stock dividend payable	640,774	528,528
Warrants liabilities	0	173
Total current liabilities	5,447,494	5,141,071
Total liabilities	5,447,494	5,141,071
COMMITMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS' EQUITY
Preferred Stock, $0.001 par value, 1,000,000 shares authorized, 113,010 shares issued and outstanding; aggregate liquidation preference amount: $3,164,280 and $3,164,280, plus accrued but unpaid dividend of $640,774 and $528,528, at June 30, 2013 and December 31, 2012, respectively	2,577,324	2,577,324
Common stock, $0.001 par value, 190,000,000 shares authorized, 15,907,381 shares issued and 15,863,826 shares outstanding at June 30, 2013 and December 31, 2012	15,908	15,908
Additional paid-in capital	19,138,199	19,029,586
Statutory reserves	4,964,562	4,960,023
Treasury stock, at cost, 43,555 shares as of March 31, 2013 and December 31, 2012	(78,767)	(78,767)
Retained earnings	67,586,640	58,325,932
Accumulated other comprehensive income	7,096,304	5,467,012
Total stockholders' equity	101,300,170	90,297,018
Total liabilities and stockholders' equity	$ 106,747,664	$ 95,438,089