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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (685,823) $ 4,060,788
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 3,174,300 4,090,837
Amortization 23,245 23,549
Gain on sale and write off of assets 0 0
Change in working capital components:    
Accounts receivable (2,917,069) 2,694,465
Other receivables 699,231 1,907,256
Inventory (2,640,930) 572,600
Notes receivable (320,930) 612,951
Advances to suppliers 3,090,585 2,762,178
Other assets (71,964) 83,340
Accounts payable (1,596,316) (2,962,077)
Unearned revenue 1,385,563 (4,265,083)
Other payables (2,604,244) (1,533,041)
Accrued payroll (22,341) 17,713
Net cash provided by (used in) operating activities (2,486,693) 8,065,476
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for property and equipment (1,115,894) (3,337,756)
Decrease in restricted cash 7,640,522 (5,582,245)
Issuance of other receivables (21,075,510) (38,576,072)
Payment on other receivable 35,946,569 8,874,947
Net cash provided by (used in) investing activities 21,395,687 (38,621,126)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of short-term loans (69,060,994) (61,022,677)
Proceeds from short-term loans 53,461,648 71,080,220
Repayment of long-term loans (8,833,000) (2,440,500)
Proceeds from long-term loans 0 19,524,000
Contribution by non-controlling interest 634,530 48,810
Net cash provided by (used in) financing activities (23,797,816) 27,189,853
Effect of exchange rate changes on cash and equivalents 7,840 (59,818)
NET DECREASE IN CASH AND EQUIVALENTS (4,880,982) (3,425,615)
CASH AND EQUIVALENTS, BEGINNING BALANCE 5,710,373 9,135,988
CASH AND EQUIVALENTS, ENDING BALANCE 829,391 5,710,373
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 3,502,103 4,116,273
Income taxes paid $ 0 $ 172,462