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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Income including noncontrolling interest $ 819,399 $ 1,799,204
Adjustments to reconcile income to cash including non-controlling interest provided by (used in) operating activities:    
Depreciation and amortization 430,077 378,531
Non-cash equity-based compensation 434,249 307,469
Provision for inventory obsolescence (39,192) (23,025)
Provision on accounts receivable (11,406) 0
Loss on disposal of fixed assets 857 8,368
Changes in deferred tax assets (19,777) 4,058
Changes in operating assets and liabilities:    
Accounts receivable (3,439,279) (22,243,148)
Inventories 189,306 18,162
Advances to suppliers 1,548,257 21,638,900
Prepaid expenses and other assets (7,228,591) (6,562)
Accounts payable (1,126,955) 341,051
Advance from customers (487,157) 241,831
Related parties-net 9,891,571 (10,873,705)
Accrued expenses and other current liabilities 4,112,188 958,919
Net cash provided by (used in) operating activities 5,073,547 (7,449,947)
Cash flows from investing activities:    
Restricted cash 5,774,768 23
Purchase of property and equipment and other long-term assets (562,414) (106,534)
Proceeds from (payments on) notes receivable 594,350 323,624
Cash increase due to acquisition of subsidiaries 0 235,112
Net cash provided by (used in) investing activities 5,806,704 452,225
Cash flows from financing activities:    
Issuance of shares for cash 0 148,910
Proceeds from short-term loans 937,884 5,531,393
Advance to related parties (330,104) (3,235,378)
Proceeds from borrowings from related parties (125,000) 0
Proceeds from (repayment on) notes payable (9,999,051) 0
Collection on advance to related parties 85,322 3,287,214
Receipt from related parties 1,500 7,575
Repayments on short-term loans (2,091,669) (3,030,900)
Repayments on long-term loan (2,416) (2,408)
Net cash provided by (used in) financing activities (11,523,534) 2,706,406
Effect of exchange rate changes on cash & cash equivalents (2,962) 1,025
Net decrease in cash and cash equivalents (646,245) (4,290,291)
Cash and cash equivalents, beginning balance 1,131,109 6,374,103
Cash and cash equivalents, ending balance 484,864 2,083,812
SUPPLEMENTARY DISCLOSURES:    
Interest paid 478,508 347,443
Income tax paid 902,062 48,502
Non-cash investing and financing activities    
Acquision of 100% of CDE by issuing 484,800 shares $ 0 $ 1,818,000