CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 112,323,274	$ 102,599,186
Accounts receivable	93,688	56,922
Inventories	821,897	691,847
Prepayments and other receivables	1,356,424	1,300,012
Total current assets	114,595,283	104,647,967
OTHER ASSETS
Intangible assets, net	853,809	1,107,737
Property, plant and equipment, net	14,843,123	15,481,249
Total assets	130,292,215	121,236,953
CURRENT LIABILITIES
Other payables and accruals	1,030,344	1,167,957
Taxes payable	2,806,214	2,879,172
Due to a related party	452,668	265,223
Preferred stock dividend payable	604,666	738,903
Total current liabilities	4,893,892	5,051,255
Total liabilities	4,893,892	5,051,255
COMMITMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS' EQUITY
Preferred Stock, $0.001 par value,1,000,000 shares authorized, 77,776 shares and 110,066 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively; aggregate liquidation preference amount:$2,177,728 and $3,081,848, plus accrued but unpaid dividend of $604,666and $738,903, at June 30, 2014 and December 31, 2013, respectively	1,773,772	2,510,183
Common stock, $0.001 par value, 190,000,000 shares authorized, 16,908,541 shares issued and 16,864,986 shares outstanding at June 30, 2014; 16,421,161 shares issued and 16,377,606 shares outstanding at December 31, 2013	16,909	16,422
Additional paid-in capital	21,012,795	19,934,551
Statutory reserves	4,989,036	4,983,935
Treasury stock, at cost, 43,555 shares as of June 30, 2014 and December 31,2013	(78,767)	(78,767)
Retained earnings	90,178,823	80,242,877
Accumulated other comprehensive income	7,505,755	8,576,497
Total stockholders' equity	125,398,323	116,185,698
Total liabilities and stockholders' equity	$ 130,292,215	$ 121,236,953