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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,876,147 $ 7,842,370
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 252,456 277,753
Stock-based compensation and other non-cash expenses 1,493,195 392,551
Make good shares expense   187,000
Changes in operating assets and liabilities:    
Accounts receivable (3,396,918) (5,385,500)
Inventories (1,309,907) (1,516,785)
Prepaid expenses and other receivables (15,802) (759,808)
Accounts payable and accrued expenses 1,639,831 552,188
Value-added tax payable (465,504) (109,713)
Income tax payable (239,313) 286,730
Exchange difference 92,487  
Net cash provided by operating activities 4,926,672 1,766,786
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (100,427) (484,628)
Acquisition of proprietary technologies   (265,150)
Refund of deposit paid for acquisition of business 928,361  
Net cash provided by (used in) investing activities 827,934 (749,778)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term loan 773,635  
Advances from a shareholder 334,957  
Proceeds from issuance of common stock   37,537
Net cash provided by financing activities 1,108,592 37,537
Effect of exchange rate changes on cash and cash equivalents 304,172 31,390
Net increase in cash and cash equivalents 7,167,370 1,085,935
Cash and cash equivalents, beginning balance 13,211,443 8,577,704
Cash and cash equivalents, ending balance 20,378,813 9,663,639
SUPPLEMENTAL DISCLOSURES:    
Interest received 144,314 6,121
Interest payments (7,387)  
Income tax payments (3,176,611) (2,343,972)
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of preferred stock to common stock   2,628
Cashless exercise of warrants   815
Prior year deposit for acquisition of property and equipment   439,016
Payable for acquisition of property and equipment and intangible assets   $ 198,279