CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 3,803,966	$ 1,131,109
Restricted cash	16,410,824	15,507,408
Accounts receivable, net	83,741,845	48,970,549
Inventories, net	8,009,471	3,070,000
Purchase deposit	6,860,868	8,549,315
Other receivables and prepaid expenses	7,746,471	9,784,007
Advance to suppliers	10,562,679	9,834,017
Notes receivable	6,480,636	1,086,606
Due from related parties	29,103,484	30,425,700
Costs in excess of revenue - R&D contracts	698,597	91,880
Deferred tax assets, net		56,149
Total current assets	173,418,841	128,506,740
Property, plant and equipment, net	5,563,217	6,260,675
Equipment deposit	39,710	101,859
Construction in progress deposit - related parties	0	10,170,809
Intangible assets	899,454	772,527
Long-term investment	11,919,432	0
Goodwill	36,079,826	36,332,497
TOTAL ASSETS	227,920,480	182,145,107
Current liabilities
Short-term loans	28,277,739	26,405,343
Notes payable	28,574,062	29,443,650
Accounts payable	39,496,742	14,336,883
Accrued expenses and other payables	6,866,161	10,173,712
Advance from customers	3,141,554	1,112,179
Taxes payable	2,588,654	4,287,309
Interest payable	114,650	85,323
Dividends payable	627,109	622,606
Due to related parties	25,964,502	6,742,373
Warrant liability	327,763	850,841
Total current liabilities	135,978,936	94,060,219
Long-term payables	0	145,000
Long-term notes payable	0	500,000
Long-term loan	0	10,458
TOTAL LIABILITIES	135,978,936	94,715,677
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 29,180,8483 shares and outstanding 29,179,168 shares; and Issued 23,865,723 shares and outstanding 23,864,043 shares at September 30, 2012 and December 31, 2011, respectively	291,792	238,640
Shares to be issued	0	1,000
Treasury shares: 1,680 shares at cost	(7,322)	(7,322)
Deferred expenses	(5,610,918)	(1,400,068)
Additional paid-in capital	51,333,938	45,957,869
Statutory surplus reserve	702,524	682,528
Accumulated other comprehensive income	2,137,816	2,081,429
Retained earnings	30,401,236	28,373,724
TOTAL STOCKHOLDERS' EQUITY	79,249,066	75,927,800
Noncontrolling interest	12,692,478	11,501,630
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 227,920,480	$ 182,145,107