Notes payable

9 Months Ended

Sep. 30, 2012

Notes payable [Abstract]

Notes payable

14. Notes payable

The Company has executed credit facilities with certain banks that provided for working capital in the form of bank acceptance bills. The funds borrowed under these facilities are generally repayable within 6 months. The notes payable are non-interest bearing and do not have any restrictions or covenants attached. Outstanding notes payable were $24,286,540 and $17,909,843 as of September 30, 2012 and December 31, 2011, respectively.