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TERM LOANS (Tables)
 12 Months Ended
Dec. 31, 2012
TERM LOANS [Abstract]  
Schedule of Short Term Loans

In order to provide working capital for operations, the Group entered into the following short term loan agreements as of December 31, 2012 and 2011:

 

    2012     2011  
             
Classified by financial institutions:                
China Citic Bank   $ 6,420,443     $ 3,177,680  
China Merchants Bank     9,630,664       7,944,200  
Bank of Zhengzhou     7,704,531       7,626,431  
Shanghai Pudong Development Bank     16,051,107       11,121,880  
Bank of Luoyang     -       9,533,040  
Bank of Xuchang     4,815,332       4,766,520  
China Everbright Bank     1,605,111       -  
Commercial Bank of Kaifeng     3,210,221       -  
Ping An Bank     8,025,553       -  
    $ 57,462,962     $ 44,169,751  
                 
Additional information:                
Maximum balance outstanding during the year   $ 62,278,294     $ 44,884,729  
Interest expense   $ 3,525,936     $ 2,912,292  
Range of interest rate     0.465% - 1.205 %     0.347% - 0.868 %
Weighted average interest rate     3.29 %     3.27 %

 
Schedule of Debt

A summary of the principal payments for the outstanding term loans during the following fiscal year is as follows:

 

            Principal
payment		     Total outstanding  
Name of bank   Collateral   Term of loans   due during 2012     loan amount  
                     
China Citic Bank   Secured by Henan Green's assets   August 21, 2012 to
March 16, 2013		   $ 3,210,221     $ 3,210,221  
China Citic Bank   Secured by Henan Green's assets   December 7, 2012 to
July 7, 2013		     1,605,111       1,605,111  
China Citic Bank   Secured by Henan Green's assets   December 19, 2012 to July 19, 2013     1,605,111       1,605,111  
China Merchants Bank   Guaranteed by third party, Mingwang Lu and Yi Lu   August 31, 2012 to
August 31, 2013		     4,815,332       4,815,332  
China Merchants Bank   Guaranteed by third party, Mingwang Lu and Yi Lu   September 10, 2012 to September 10, 2013     4,815,332       4,815,332  
Bank of Zhengzhou   Guaranteed by third party   August 31, 2012 to
August 31, 2013		     4,815,332       4,815,332  
Bank of Zhengzhou   Secured by Henan Green's bank deposit   December 12, 2012 to
December 12, 2013		     2,889,199       2,889,199  
Shanghai Pudong Development Bank   Guaranteed by third party,
Mingwang Lu		   February 1, 2012 to January 31, 2013     2,247,155       2,247,155  
Shanghai Pudong Development Bank   Guaranteed by third party,
Mingwang Lu		   February 24, 2012 to February 23, 2013     2,568,177       2,568,177  
Shanghai Pudong Development Bank   Secured by Henan Green's land, Mingwang Lu   March 16, 2012 to
March 15, 2013		     1,605,111       1,605,111  
Shanghai Pudong Development Bank   Secured by Henan Green's land, Mingwang Lu   November 28, 2012 to
November 27, 2013		     4,815,332       4,815,332  
Shanghai Pudong Development Bank   Guaranteed by third party,
Mingwang Lu		   November 27, 2012 to
November 26, 2013		     4,815,332       4,815,332  
Ping An Bank   Guaranteed by third party   December 03, 2012 to
December 03, 2013		     8,025,553       8,025,553  
Bank of Xuchang   Guaranteed by third party   April 27, 2012 to
April 25, 2013		     4,815,332       4,815,332  
China Everbright Bank   Guaranteed by third party & Mingwang Lu and Yi Lu   July 20, 2012 to
July 19, 2013		     1,605,111       1,605,111  
Commercial Bank of Kaifeng   Guaranteed by third party & Mingwang Lu   August 23, 2012 to
August 22, 2013		     3,210,221       3,210,221  
            $ 57,462,962     $ 57,462,962