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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,029,296 $ 9,377,493
Adjustments to reconcile net income to cash provided by operating activities:    
Change in fair value of warrants 0 (173)
Consultant restricted stock expense 53,371 0
Depreciation and amortization 743,052 731,128
Share-based compensation expense 66,463 108,613
(Increase) decrease in assets:    
Accounts receivable (37,370) (8,537)
Inventories (136,651) (265,896)
Prepayments and other receivables (68,381) 885,634
Increase (decrease) in liabilities:    
Other payables and accruals (127,833) 305,355
Advance from related party 179,980 0
Taxes payable (46,908) (197,651)
Net cash provided by operating activities 10,655,019 10,935,966
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advance from/(Repayment to) related party 29,704 (27,009)
Net cash provided by/(used in) financing activities 29,704 (27,009)
Foreign currency translation adjustment (960,635) 1,412,437
INCREASE IN CASH AND CASH EQUIVALENTS 9,724,088 12,321,394
CASH AND CASH EQUIVALENTS, at the beginning of the period 102,599,186 75,526,533
CASH AND CASH EQUIVALENTS, at the end of the period 112,323,274 87,847,927
NON-CASH TRANSACTIONS    
Preferred stock and dividend converted into common stock 958,897 0
Preferred stock dividend payable 88,249 112,246
Share-based payment to officers and directors under equity incentive plan 66,463 108,613
Share-based payment - IR warrants 53,371 0
SUPPLEMENTAL DISCLOSURE INFORMATION    
Income taxes paid $ 3,502,450 $ 3,468,821