CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 5,943,116	$ 1,131,109
Restricted cash	14,196,046	15,507,408
Accounts receivable, net	69,929,220	48,970,549
Inventories, net	7,458,737	3,070,000
Purchase deposit	6,860,108	8,549,315
Other receivables and prepaid expenses	9,623,044	9,784,007
Advance to suppliers	2,296,412	9,834,017
Notes receivable	0	1,086,606
Due from related parties	22,267,993	30,425,700
Costs in excess of revenue - R&D contracts	514,797	91,880
Deferred tax assets, net	56,548	56,149
Total current assets	139,146,021	128,506,740
Long-term investment	12,342,358	0
Property, plant and equipment, net	5,743,876	6,260,675
Equipment deposit	39,710	101,859
Construction in progress deposit - related parties	0	10,170,809
Intangible assets	704,074	772,527
Goodwill	34,725,680	36,332,497
TOTAL ASSETS	192,701,719	182,145,107
Current liabilities
Short-term loans	25,565,867	26,405,343
Notes payable	28,231,522	29,443,650
Accounts payable	4,972,190	14,336,883
Accrued expenses and other payables	11,010,728	10,173,712
Advance from customers	1,343,394	1,112,179
Taxes payable	3,478,555	4,287,309
Interest payable	97,569	85,323
Dividends payable	627,039	622,606
Due to related parties	25,444,409	6,742,373
Total current liabilities	100,771,273	93,209,378
Long-term payables	145,000	145,000
Long-term notes payable	500,000	500,000
Long-term loan	0	10,458
TOTAL LIABILITIES	101,416,273	93,864,836
COMMITMENTS
STOCKHOLDERS' EQUITY
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding as of June 30, 2012	0	0
Common stock: authorized 35,000,000 shares, par value $0.01 Issued 28,935,723 shares and outstanding 28,934,043 shares; and Issued 23,865,723 shares and outstanding 23,864,043 shares at June 30, 2012 and December 31, 2011, respectively	289,340	238,640
Shares to be issued	1,726	1,000
Deferred expenses	(6,038,757)	(1,400,068)
Additional paid-in capital	58,992,716	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	2,471,146	2,081,429
Retained earnings	23,110,363	22,048,539
TOTAL STOCKHOLDERS' EQUITY	79,501,740	76,778,641
Noncontrolling interest	11,783,706	11,501,630
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 192,701,719	$ 182,145,107