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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (379,328) $ (2,852,998)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,813,675 1,343,388
Amortization 393,147 262,740
Bad debt provision 2,951,205 305,534
Provision for inventory reserve 139,549 0
Deferred tax provision (benefit) 187,901 (515,904)
Income from equity investment (28,768) 0
Change in fair value of warrants 260,389 0
Changes in operating assets and liabilities    
Accounts receivable (23,769,140) 3,797,214
Inventories (27,909,845) (14,688,047)
Advances to suppliers (819,909) 12,066,600
Prepaid expense and other current assets (3,409,281) (3,470,866)
Accounts payable and accrued liabilities 16,851,041 (11,027,246)
Advances from customers (5,048,428) 7,775,633
Taxes payable 3,802,579 (2,212,452)
Other liabilities 1,151,546 1,043,416
Net cash used in operating activities (33,320,502) (8,172,988)
Cash flows from investing activities    
Equity investment in unconsolidated entity (1,287,581) 0
Additions to construction in progress and property and equipment (88,554) (588,945)
Purchase of land use rights (4,452,134) 0
Cash paid for acquiring non-controlling interest (1,722,140) 0
Refunds of deposits 0 643,368
Net cash (used in) provided by investing activities (7,550,410) 54,423
Cash flows from financing activities    
Proceeds from short term loans 33,718,535 3,283,865
Repayment of short term loans (15,803,451) (5,809,915)
Proceeds from bank notes 128,011,331 89,595,832
Repayment of bank notes (31,545,741) (91,174,613)
Restricted cash, net (59,167,769) 1,162,616
Advance from (repayment of) loan to unrelated party (7,210,455) 14,665,815
Proceeds of loan from related party 2,354,493 3,112,687
Net cash provided by financing activities 50,356,942 14,836,287
Effect of exchange rate changes on cash and cash equivalents 162,267 31,076
Net increase in cash and cash equivalents 9,648,297 6,748,798
Cash and cash equivalents, beginning of period 1,625,705 3,493,015
Cash and cash equivalents, end of period 11,274,002 10,241,813
Supplemental cash flow information:    
Interest paid 2,593,721 4,653,830
Income taxes paid 316,835 491,902
Director
   
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of stock-based compensation 136,500 0
Consulting Firm
   
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of stock-based compensation $ 356,667 $ 0