INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2012		2011	2010
PRC	$(88,771,964	)	$8,250,896	$48,017,784
Others	(1,038,340	)	1,123,432	(4,680,717	)
Total income before income taxes	$(89,810,304	)	$9,374,328	$43,337,067

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2012	2011		2010
Current taxes	$503,416	$2,498,523		$7,758,819
Deferred taxes	308,838	(1,694,374	)	104,618
Provision for income taxes	$812,254	$804,149		$7,863,437

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2012		2011		2010
PRC statutory tax rate	25%		25%		25%
Computed expected income tax (benefit) expense	$(22,452,576	)	$2,343,582		$10,834,267
Tax rate differential	5,224,798		(1,544,604	)	(4,685,218	)
Permanent differences	6,538,685		(172,271	)	660,272
Increase in valuation allowance	11,271,912		197,672		-
Non-deductible tax loss	259,585		158,541		1,249,916
Other differences	(30,150	)	(178,771	)	(195,800	)
Income tax expenses	$812,254		$804,149		$7,863,437

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31, 2012				December 31, 2011
	Deferred		Deferred		Deferred		Deferred
	Tax		Tax		Tax		Tax
	Assets		Liabilities		Assets		Liabilities
Allowance for doubtful accounts	$6,100,285		$-		$1,706,184		$-
Loss carry-forwards	5,047,767		-		633,796		-
Inventory valuation	768,535		-		783,633		-
Long-term investments impairment	343,496		-		340,682		-
Fixed assets	3,469,686		(196,669	)	250,127		(201,081	)
Salary payable	11,934		-		43,102		-
Intangible assets	-		(973,509	)	92,233		(1,164,599	)
Subsidy income	-		(93,245	)	15,915		-
Gross deferred tax assets and liabilities	$15,741,703		$(1,263,423	)	$3,865,672		$(1,365,680	)
Valuation allowance	(12,903,702	)	-		(633,796	)	-
Total deferred tax assets and liabilities	$2,838,001		$(1,263,423	)	$3,231,876		$(1,365,680	)

Schedule of Deferred Tax Assets and Liabilities, Detailed [Table Text Block]

	December 31,		December 31,
	2012		2011
Current deferred tax assets	$2,297,617		$2,548,834
Current deferred tax liabilities	-		-
Long-term deferred tax assets	540,384		683,042
Long-term deferred tax liabilities	(1,263,423	)	(1,365,680	)
Total net deferred tax assets	$ 1,574,578		$ 1,866,196