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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 188,266,350 $ 144,300,290
Accounts receivable, net 48,985,839 45,284,923
Prepayments for raw material purchases 20,146,389 19,569,239
Other receivables, deposits and prepayments 766,247 559,955
Prepaid land use right - current portion 415,023 406,026
Deferred income tax assets 28,625 24,948
Inventories 23,651,074 17,844,405
Total current assets 282,259,547 227,989,786
OTHER ASSETS    
Property, plant and equipment, net 49,287,684 47,197,115
Construction in progress 626,220 175,006
Prepaid land use right - long-term portion 18,650,270 18,546,658
Intangible assets 44,534 3,332
Total non-current assets 68,608,708 65,922,111
Total assets 350,868,255 293,911,897
CURRENT LIABILITIES    
Accounts payable 12,238,648 3,891,110
Other payables and accruals 4,675,960 4,937,404
Income taxes payable 4,709,231 5,797,188
Warrant liabilities 355,000 354,000
Total current liabilities 21,978,839 14,979,702
Total liabilities 21,978,839 14,979,702
STOCKHOLDERS' EQUITY    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value: 75,000,000 shares authorized, 30,095,383 shares issued and 29,831,336 shares outstanding as of September 30, 2013 (December 31, 2012: 30,084,883 shares issued and 29,820,836 shares outstanding), respectively 3,009 3,008
Additional paid-in capital 79,568,117 79,257,921
Treasury stock, at cost, 264,047 shares and 264,047 as of September 30, 2013 and December 31, 2012, respectivelyDecember 31, 2012, respectively (2,126,597) (2,126,597)
Statutory reserves 17,765,472 14,566,846
Retained earnings 209,890,386 170,163,120
Accumulated other comprehensive income 23,789,029 17,067,897
Total stockholders' equity 328,889,416 278,932,195
Total liabilities and stockholders' equity $ 350,868,255 $ 293,911,897