LOANS (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Short-term Debt [Table Text Block]

	September 30,2014 (Unaudited)					December31,2013
Lender	Interest rate	Maturity date		Balance	Interest rate	Maturity date		Balance
Bank of China	Libor+ 2.7% 1	Jun.3, 2015	$	3,500,000	Libor+ 1.5% 1	Apr.22, 2014	$	3,500,000
Industrial and Commercial Bank of China				-	6.16%	Mar.13, 2014		3,274,000
Jiangsu Sheyang Rural Commercial Bank				-	7.80%	Sep.2, 2014		3,274,000
Jiangsu Sheyang Rural Commercial Bank	7.80%	Jun.20, 2015		1,625,000				-
Jiangsu Sheyang Rural Commercial Bank	7.80%	Jan.20, 2015		812,500				-
Total			$	5,937,500			$	10,048,000

Schedule of Current portion of long-term borrowing [Table Text Block]

	September 30,2014 (Unaudited)					December31,2013
		Maturity				Maturity
Lender	Interest rate	date		Balance	Interest rate	date		Balance
Bank of China			$	-	Libor+ 2.5% 1	Feb.28,2014	$	4,500,000

Schedule of Long-term Debt [Table Text Block]

	September30,2014 (Unaudited)					December31,2013
		Maturity				Maturity
Lender	Interest rate	date		Balance	Interest rate	date		Balance
Bank of China	Libor+ 2.3% 1	Feb.17,2016	$	4,500,000			$	-

Schedule of Line of Credit Facilities [Table Text Block]

	September30,2014 (Unaudited)							December31,2013
	Starting	Maturity		Facility		Unused	Starting	Maturity		Facility		Unused
Lender	date	date		amount		facility	date	date		amount		facility
Bank of China			$	-	$	-	Mar.19,2013	Mar.18,2014	$	13,096,000	$	8,450,100
Bank of China				-		-	Mar.19,2013	Mar.18,2014		8,185,000		8,185,000
Bank of China				-		-	Sep.5,2013	Sep.4,2014		13,096,000		11,459,000
Bank of China	Oct.8,2014	Sept.21,2015	$	13,000,000	$	8,687,500				-		-
Industrial Commercial Bank of China	Nov.15,2012	Nov.15,2014		11,375,000		11,375,000	Nov.15,2012	Nov.15,2014		11,459,000		8,185,000
Jiangsu Sheyang Rural Commercial Bank	Mar.25, 2013	Mar.24,2016		3,250,000		3,250,000	Mar.25,2013	Mar.24, 2016		3,274,000		3,274,000
Jiangsu Sheyang Rural Commercial Bank	Dec.30,2013	Dec.20,2016		3,250,000		812,500	Mar.30, 2013	Dec.20,2016		3,274,000		-
Total			$	30,875,000	$	24,125,000			$	52,384,000	$	39,553,100