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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,948,173 $ 7,728,143
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock based compensation 23,088
Deferred tax expense (benefit) (319,252) $ 155,705
Depreciation and amortization 2,681,293 1,707,496
Bad debt provisions $ 36,938 33,252
Gain on disposal of fixed assets 37,466
Changes in operating assets:    
Accounts receivable $ (2,224,191) (4,378,994)
Advances to suppliers 364,925 30,592
Inventories 1,184,796 (2,733,597)
Other assets 95,350 (255,284)
Changes in operating liabilities:    
Accounts payable (2,737,576) 1,728,498
Advance from customers (66,731) 262,743
Taxes payable 425,412 605,132
Accrued and other liabilities 548,382 468,916
Net cash provided by operating activities 7,960,607 5,390,068
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment $ (5,471,455) (4,734,094)
Proceeds from disposal of property and equipment 73,508
Cash invested in certificates of deposit $ (1,986,668) $ (1,352,782)
Advance payments on equipment purchase (1,047,526)
Purchase of intangible assets (264,577)
Net cash used in investing activities (8,770,226) $ (6,013,368)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 42,684,057 39,549,931
Repayments of short-term borrowings (46,039,616) (40,004,616)
Proceeds from bank notes payable 5,318,470 3,244,492
Repayments of bank notes payable (5,560,034) (3,267,330)
Repayments of loans from related parties (37,764) (183,621)
Change of restricted cash 97,928 2,605,466
Proceeds from issuance of shares/capital contribution $ 18,594,972 7,530,000
Dividends paid to shareholders (10,274,848)
Net cash provided by (used in) financing activities $ 15,058,013 (800,526)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (74,554) 124,745
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 14,173,840 (1,299,081)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR 1,399,714 2,698,795
CASH AND CASH EQUIVALENTS, ENDING OF THE YEAR 15,573,554 1,399,714
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the year for:    
Interest paid 1,136,896 833,401
Income tax paid 1,257,004 $ 1,065,518
Non-cash investing activities:    
Transfer from construction in progress to fixed assets 3,913,677
Transfer from advance payments to fixed assets $ 726,445