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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Income including noncontrolling interest $ 1,433,055 $ 3,289,369
Adjustments to reconcile income to cash including non-controlling interest provided by (used in) operating activities:    
Depreciation and amortization 849,667 785,222
Non-cash equity-based compensation 1,271,559 614,938
Provision for inventory obsolescence (39,160) (69,037)
Provision on accounts receivable (11,390) 0
Loss on disposal of fixed assets 856 8,432
Changes in deferred tax assets 0 (40,080)
Changes in operating assets and liabilities:    
Accounts receivable (20,865,478) (11,665,449)
Inventories (4,381,831) 473,053
Advances to suppliers 7,545,083 3,630,754
Prepaid expenses and other assets 1,976,882 49,645
Accounts payable (9,398,126) 42,557
Advance from customers 243,638 655,962
Related parties-net 26,647,200 (2,134,811)
Accrued expenses and other current liabilities 1,509,985 1,062,926
Net cash provided by (used in) operating activities 6,781,940 (3,296,519)
Cash flows from investing activities:    
Restricted cash 1,420,436 1,615,628
Purchase of property and equipment and other long-term assets (618,063) 128,037
Proceeds from collection on notes receivable 1,093,306 624,341
Equity method investee (12,330,651) 0
Refund from factory construction deposit 12,330,651 0
Cash increase due to acquisition of subsidiaries 0 235,112
Net cash provided by investing activities 1,895,679 2,603,118
Cash flows from financing activities:    
Issuance of shares for cash 0 166,570
Proceeds from short-term loans 7,121,220 14,133,539
Advance to related parties (360,015) (312,941)
Proceeds from borrowings from related parties 40 0
Repayment on notes payable (1,420,436) (1,527,067)
Receipts from (payments) to related parties (1,663,571) 513,325
Repayment on borrowing from related parties (4,867,558) 0
Receipt from related parties 5,343,053 9,075
Repayments on short-term loans (8,131,999) (12,216,538)
Repayments on long-term loan (10,468) (4,818)
Net cash provided by (used in) financing activities (3,989,734) 761,145
Effect of exchange rate changes on cash & cash equivalents 124,122 140,200
Net increase in cash and cash equivalents 4,812,007 207,944
Cash and cash equivalents, beginning balance 1,131,109 6,374,103
Cash and cash equivalents, ending balance 5,943,116 6,582,047
SUPPLEMENTARY DISCLOSURES:    
Interest paid 919,423 929,846
Income tax paid 1,362,364 116,122
Non-cash investing and financing activities    
Acquision of 100% of CDE by issuing 484,800 shares $ 0 $ 1,818,000