CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 1,131,109	$ 6,374,103
Restricted cash	15,507,408	13,503,122
Accounts receivable, net	48,970,549	21,740,642
Inventories, net	3,070,000	1,955,458
Purchase deposit	8,549,315	0
Other receivables and prepaid expenses	9,784,007	432,205
Advance to suppliers	9,834,017	32,776,983
Notes receivable	1,086,606	746,922
Due from related parties	30,425,700	19,056,574
Revenue in excess of costs - R&D contracts	91,880	531,617
Deferred tax assets, net	56,149	103,419
Total current assets	128,506,740	97,221,045
Property, plant and equipment, net	6,260,675	4,949,920
Equipment deposit	101,859	0
Construction in progress deposit - related party	10,170,809	9,790,700
Intangible assets	772,527	525,458
Goodwill	36,332,497	8,498,897
TOTAL ASSETS	182,145,107	120,986,020
Current liabilities
Short-term loans	26,405,343	21,945,664
Notes payable	29,443,650	25,318,370
Accounts payable	14,336,883	1,488,548
Accrued expenses and other payables	10,173,712	1,170,952
Advance from customers	1,112,179	301,014
Taxes payable	4,287,309	4,711,893
Interest payable	85,323	25,027
Dividends payable	622,606	599,338
Due to related parties	6,742,373	2,884,340
Total current liabilities	93,209,378	58,445,146
Long-term payables	145,000	580,000
Long-term notes payable	500,000	0
Long-term loan	10,458	0
TOTAL LIABILITIES	93,864,836	59,025,146
COMMITMENTS
STOCKHOLDERS' EQUITY
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding	0	0
Common stock: authorized 35,000,000 shares, par value $0.01 Issued 23,865,723 shares and outstanding 23,864,043 shares; and Issued 15,275,572 shares and outstanding 15,273,892 shares at December 31, 2011 and December 31, 2010	238,640	152,739
Shares to be issued	1,000	557
Subscription receivable	0	(61,200)
Deferred expenses	(1,400,068)	(227,226)
Additional paid-in capital	53,133,895	38,204,403
Treasury shares: 1,680 shares at cost	(7,322)	(7,322)
Statutory surplus reserve	682,528	682,528
Accumulated other comprehensive income	2,081,429	964,206
Retained earnings	22,048,539	19,030,933
TOTAL STOCKHOLDERS' EQUITY	76,778,641	58,739,618
Noncontrolling interest	11,501,630	3,221,256
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 182,145,107	$ 120,986,020