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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 119,046 $ 159,866
Other current assets and prepayments (Note 3) 164,062 155,564
Total Current Assets 283,108 315,430
Property, plant and equipment, net (Note 4) 347,366 378,625
Land use rights, net (Note 5) 16,513,707 16,875,045
Long-term investment (Note 6) 132,236 132,229
Due from related parties (Note 7) 5,988,585 5,486,628
TOTAL ASSETS 23,265,002 23,187,957
LIABILITIES & SHAREHOLDERS' EQUITY    
Other payables and accrued liabilities (Note 8) 386,200 353,494
Total Current Liabilities 386,200 353,494
Due to related parties (Note 9) 3,454,882 3,473,437
Due to shareholders (Note 10) 3,388,500 3,418,321
Payable on acquisition of a subsidiary 2,030,450 2,049,066
Total Long-term Liabilities 8,873,832 8,940,824
SHAREHOLDERS' EQUITY    
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, no shares outstanding as of December 31, 2013 and June 30, 2014)      
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of December 31, 2013 and June 30, 2014) 646,295 646,295
Treasury stock (489,258) (489,258)
Additional paid-in capital 13,316,682 13,316,682
Retained earnings (3,081,775) (3,325,983)
Non-controlling interests 1,091,578 1,096,769
Accumulated other comprehensive income 2,521,448 2,649,134
TOTAL SHAREHOLDERS' EQUITY 14,004,970 13,893,639
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,265,002 $ 23,187,957