SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]

		Fair Value Measurements
		at Reporting Date Using			Significant
		Quoted Prices in Carrying		Active Markets	Other	Significant
		Value as of		for Identical	Observable	Unobservable
		March 31,		Assets	Inputs	Inputs
		2015		(Level 1)	(Level 2)	(Level 3)
Cash and cash equivalents	$	15,635,658	$	15,635,658	-	-
Restricted cash		25,454,249		25,454,249	-	-
Warrants	$	7,592,585		-	-	7,592,585

Schedule of Property and Equipment Estimated Useful Lives [Table Text Block]

Buildings	30 years
Machinery and equipment	10 years
Office equipment	5 years
Motor vehicles	5 years
Molds	5 years

Schedule of Average Foreign Currency Exchange Rates [Table Text Block]

	March 31,	December 31,	March 31,
	2015	2014	2014
Period end RMB : USD exchange rate	6.1321	6.1535	6.1644
Average RMB : USD exchange rate	6.1529	6.14821	6.1199