INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

Schedule of Income Tax Expense

All of the Company's income is generated in the PRC.

	For the years ended
	2012		2011		2010
Current income tax expense	$	11,897,173	$	21,961,627	$	15,937,143

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the expected income tax expense to the actual income tax expense for the years ended December 31, 2012, 2011 and 2010 are as follows:

	For the years ended
	2012		2011		2010
Income before tax	$	38,030,261	$	79,582,179	$	63,020,567
Expected PRC income tax expense at statutory tax rate of 25%		9,507,565		19,895,544		15,755,141
Income not subject to PRC tax		-		-		56,949
Depreciation allowance over-claimed in 2011		1,127,816		-		-
Non deductible tax expenses		1,261,792		2,066,083		125,053
Actual income tax expense	$	11,897,173	$	21,961,627	$	15,937,143