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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 13,563,521 $ 7,175,215
Accounts receivable 24,000 10,581
Other receivable 63,069 78,521
Inventory 156,490 119,119
Prepaid expenses 437,473 191,572
Total current assets 14,244,553 7,575,008
Investments 10,224,177 5,105,891
Property, plant and equipment, net 819,912 1,014,805
Goodwill    3,299,566
Intangibles, net 419,599 601,456
Long-term prepaid expenses and other assets 498,888   
Total assets (1) 26,207,129 [1] 17,596,726
Liabilities and Stockholders' Equity    
Accounts payable 109,097 213,891
Accrued expenses 1,071,606 503,717
Advances payable to related party 34,471 67,999
Other current liabilities 1,305,066 1,416,046
Total current liabilities 2,520,240 2,201,653
Total liabilities (1) 2,520,240 [1] 2,201,653
Stockholders' equity:    
Preferred stock, par value $.001, 50,000,000 shares authorized; none issued and outstanding as of June 30, 2014 and December 31, 2013, respectively      
Common stock, par value $.001, 300,000,000 shares authorized; 9,074,068 and 7,382,797 issued and outstanding as of June 30, 2014 and December 31, 2013, respectively 9,074 7,383
Additional paid in capital 49,757,998 37,861,593
Accumulated deficit (29,536,773) (22,415,979)
Accumulated other comprehensive income (loss) 3,456,590 (57,924)
Total stockholders' equity 23,686,889 15,395,073
Total liabilities and stockholders' equity $ 26,207,129 $ 17,596,726
[1] The Company's consolidated assets as of March 31, 2014 and December 31, 2013 included $1,078,430 and $1,031,350, respectively, of assets of variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs. Each of the following amounts represent the balances as of March 31, 2014 and December 31, 2013, respectively. These assets include cash and cash equivalents of $62,170 and $9,100; other receivables of $90,646 and $50,383; inventory of $30,043 and $26,526; prepaid expenses of $66,048 and $33,015; other current assets of $81,137 and $84,661 property, plant and equipment, net, of $663,615 and $772,872; intangibles of $51,363 and $54,793, and long-term prepaid expenses and other assets of $33,408 and $0. The Company's consolidated liabilities as of March 31, 2014 and December 31, 2013 included $303,567 and $387,703, respectively, of liabilities of the VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable of $22,057 and $24,868; other