CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 430,746	$ 214,683
Restricted cash	19,044,294	0
Accounts receivable, net	3,246,247	3,377,491
Inventories, net	928,881	700,488
Other receivables and prepaid expenses	4,514,434	327,952
Due from related parties	20,964,025	8,743,535
Current assets of discontinued operations, held for sale	144,751,290	115,142,591
Total current assets	193,879,917	128,506,740
Property, plant and equipment, net	2,376,639	3,110,802
Equipment deposit	35,249	101,859
Intangible assets	480,690	370,995
Long-term investment	11,912,956	0
Goodwill	27,031,492	36,332,497
Non-current assets of discontinued operations, held for sale	0	13,722,214
TOTAL ASSETS	235,716,943	182,145,107
Current liabilities
Short-term loans	3,519,999	902,614
Accounts payable	6,409,278	9,994,990
Accrued expenses and other payables	3,814,647	4,822,050
Purchase deposit from buyer	8,740,490	0
Taxes payable	22,334	22,113
Due to related parties	9,889,037	6,742,373
Warrant liability	7,340	850,841
Current liabilities of discontinued operations	138,348,859	70,725,238
Total current liabilities	170,751,984	94,060,219
Long-term payables	0	145,000
Long-term notes payable	317,500	500,000
Long-term loan	0	10,458
TOTAL LIABILITIES	171,069,484	94,715,677
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding	0	0
Common stock: authorized 60,000,000 shares, par value $0.01, 29,320,848 shares issued and 29,319,168 shares outstanding at December 31, 2012; 23,865,723 shares issued and 23,864,043 shares outstanding at December 31, 2011.	293,192	238,640
Treasury shares: 1,680 shares at cost	(7,322)	(7,322)
Shares to be issued	0	1,000
Additional paid-in capital	51,108,409	44,557,801
Statutory surplus reserve	702,539	682,528
Accumulated other comprehensive income	4,058,657	2,081,429
Retained earnings	(4,098,798)	28,373,724
TOTAL STOCKHOLDERS' EQUITY	52,056,677	75,927,800
Noncontrolling interest	12,590,782	11,501,630
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 235,716,943	$ 182,145,107