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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets  
Cash and cash equivalents$ 10,519,392$ 2,222,025
Restricted cash706,802 
Accounts receivable, net1,706,0051,767,968
Inventory1,211,2791,354,282
Notes receivable-related parties, current portion1,856,6262,033,622
Other receivables864,274112,569
Other current assets1,738,137164,846
Deferred tax asset2,29817,887
Total current assets18,604,8137,673,199
Notes receivable-related parties, long term portion 974,532
Property, plant and equipment, net4,340,3361,554,589
Construction in progress111,4022,777,417
Intangible asset, net293,862286,892
TOTAL ASSETS23,350,41313,266,629
Current Liabilities  
Accounts payable615,717604,913
Other payable and accrued liabilities219,068192,298
Income tax payable1,017,429699,637
Current portion of long-term borrowing927,128905,975
Due to related party81,336 
Advance from customers 3,176
Total current liabilities2,860,6782,405,999
Convertible notes payable4,162,410 
Advance from governement grant11,04973,497
Long term borrowing927,128452,987
TOTAL LIABILITIES7,961,2652,932,483
STOCKHOLDERS' EQUITY  
Common stock $0.001 par value, 50,000,000 shares authorized; 13,324,083 and 10,758,000 shares issued and outstanding, as of June 30, 2011 and December 31, 2010, respectively13,32410,758
Additional paid-in capital12,220,1811,417,098
Retained earnings2,420,0956,205,483
Accumulated other comprehensive income735,548530,070
Total stockholders' equity15,389,1488,163,409
Non-controlling interest in subsidiary 2,170,737
TOTAL EQUITY15,389,14810,334,146
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 23,350,413$ 13,266,629