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Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net loss $ (398,563) $ (3,678,470)
Adjustments to reconcile net income to net cash used in operating activities:    
Change in allowance for doubtful accounts    3,341
Depreciation and amortization 244,564 63,179
Common stock issued for services    2,491,938
Amortization of discount on convertible notes payable 1,381,806 2,141,040
Amortization of capitalized offering costs 397,271 615,549
Changes in operating assets and liabilities:    
Accounts receivable 102,214 98,710
Inventories (69,136) 172,608
Note receivables - related parties 239,476 1,288,062
Deferred tax asset (490) 15,822
Prepayment 308,283   
Other current assets (25,630) (565,838)
Other non-current assets (40,252)   
Government grant (105,775) (63,425)
Accounts payable (202,725) (3,282)
Other payables and accrued liabilities 289,455 22,023
Income tax payable 259,801 297,978
Advance from customer    (3,213)
Net cash provided by operating activities 2,380,298 2,896,022
Investing activities:    
Increase in loans to customers and suppliers (376,032)   
Increase in other receivables (103,680) (740,433)
Purchase of property and equipment (388,346) (100,179)
Purchase of intangible assets (482,224)   
Increase in cash due to acquisition of China Flying    76,075
Net cash used in investing activities (1,350,282) (764,537)
Financing activities:    
Change in restricted cash 123,588 (698,646)
Net proceeds from issue of convertible notes    6,522,563
Increase (decrease) in bank borrowings 967,629 458,215
Net cash provided by (used in) financing activities 1,091,217 6,282,132
Effect of foreign currency translation 210,957 (116,250)
Net increase (decrease) in cash 2,332,190 8,297,367
Cash and cash equivalents, beginning of period 7,700,156 2,222,025
Cash and cash equivalents, end of period 10,032,346 10,519,392
Supplemental disclosures of cash flow information:    
Cash paid for interest 37,797 67,405
Cash paid for income taxes $ 184,227 $ 31,562