CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 484,864	$ 1,131,109
Restricted cash	9,834,459	15,507,408
Accounts receivable, net	52,504,472	48,970,549
Inventories, net	2,969,295	3,070,000
Purchase deposit	8,603,384	8,549,315
Other receivables and prepaid expenses	17,076,677	9,784,007
Advance to suppliers	8,644,268	9,834,017
Notes receivable	499,514	1,086,606
Due from related parties	25,266,948	30,425,700
Costs in excess of revenue - R&D contracts	522,366	91,880
Deferred tax assets, net	76,268	56,149
Total current assets	126,482,515	128,506,740
Property, plant and equipment, net	6,019,477	6,260,675
Equipment deposit	91,193	101,859
Construction in progress deposit - related parties	10,235,134	10,170,809
Intangible assets	730,236	772,527
Goodwill	34,717,059	36,332,497
TOTAL ASSETS	178,275,614	182,145,107
Current liabilities
Short-term loans	25,403,577	26,405,343
Notes payable	19,637,295	29,443,650
Accounts payable	13,269,691	14,336,883
Accrued expenses and other payables	13,414,382	10,173,712
Advance from customers	628,761	1,112,179
Taxes payable	3,698,748	4,287,309
Interest payable	78,653	85,323
Dividends payable	626,544	622,606
Due to related parties	11,114,093	6,742,373
Total current liabilities	87,871,744	93,209,378
Long-term payables	145,000	145,000
Long-term notes payable	500,000	500,000
Long-term loan	8,049	10,458
TOTAL LIABILITIES	88,524,793	93,864,836
COMMITMENTS
STOCKHOLDERS' EQUITY
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding as of March 31, 2012	0	0
Common stock: authorized 35,000,000 shares, par value $0.01 Issued 24,135,723 shares and outstanding 24,134,043 shares; and Issued 23,865,723 shares and outstanding 23,864,043 shares at March 31, 2012 and December 31, 2011, respectively	241,340	238,640
Shares to be issued	0	1,000
Deferred expenses	(1,455,118)	(1,400,068)
Additional paid-in capital	53,621,494	53,133,895
Treasury shares: 1,680 shares at cost	(7,322)	(7,322)
Statutory surplus reserve	682,528	682,528
Accumulated other comprehensive income	2,391,007	2,081,429
Retained earnings	22,690,424	22,048,539
TOTAL STOCKHOLDERS' EQUITY	78,164,353	76,778,641
Noncontrolling interest	11,586,468	11,501,630
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 178,275,614	$ 182,145,107