INCOME TAX (Tables)

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Reconciliation of U.S. Statutory Rates to Effective Tax Rate

The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for nine and three months ended September 30, 2013 and 2012, respectively:

	Nine Months						Three Months
	2013			2012			2013			2012
U.S. statutory tax (benefit) rate		34.0	%		34.0	%		34.0	%		(34.0)	%
Tax rate difference		(9.7)	%		(14.6)	%		(9.2)	%		(7.1)	%
Effective tax holiday		-			(17.3)	%		-			(45.3)	%
Non tax-deductible expense		-			5.5	%		-			35.6	%
Effect of tax rate change on deferred tax items		4.2	%		-			0.4	%		-
Valuation allowance on PRC NOL		0.5	%		39.3	%		1.3	%		273.1	%
Valuation allowance on US NOL		2.5	%		15.6	%		0.7	%		43.7	%
Tax per financial statements		31.5	%		62.5	%		27.2	%		266.0	%

Provision for Income Tax Expenses

The provision for income taxes expense for the nine and three months ended September 30, 2013 and 2012 consisted of the following:

	Nine Months				Three Months
	2013		2012		2013		2012
Income tax expense - current	$	2,859,443	$	851,577	$	552,388	$	476,567
Income tax expense - deferred		2,503,693		1,574,393		1,083,878		1,007,322
Total income tax expense	$	5,363,136	$	2,425,970	$	1,636,266	$	1,483,889