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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 748,788 $ 430,746
Restricted cash 19,438,865 19,044,294
Accounts receivable, net 3,344,299 3,246,247
Inventories, net 331,737 928,881
Other receivables and prepaid expenses 3,628,723 4,514,434
Due from related parties 21,026,927 20,964,025
Current assets of discontinued operations, held for sale 167,973,574 144,751,290
Total current assets 216,492,913 193,879,917
Property, plant and equipment, net 2,356,058 2,376,639
Equipment deposit 35,249 35,249
Intangible assets 474,189 480,690
Long-term investments 11,579,315 11,912,956
Goodwill 27,031,492 27,031,492
TOTAL ASSETS 257,969,216 235,716,943
Current liabilities    
Short-term loans 3,608,772 3,519,999
Accounts payable 4,411,938 6,409,278
Accrued expenses and other payables 3,481,463 3,814,647
Purchase deposit from buyer 8,240,490 8,740,490
Taxes payable 22,797 22,334
Due to related parties 9,260,021 9,889,037
Warrant liability 4 7,340
Current liabilities of discontinued operations 164,848,005 138,348,859
Total current liabilities 193,873,490 170,751,984
Long-term loans 1,708,928 0
Long-term notes payable 320,000 317,500
TOTAL LIABILITIES 195,902,418 171,069,484
COMMITMENTS     
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, 29,526,848 shares issued and 29,525,168 shares outstanding at June 30, 2013; 29,320,848 shares issued and 29,319,168 shares outstanding at December 31, 2012 295,252 293,192
Treasury shares: 1,680 shares at cost (7,322) (7,322)
Additional paid-in capital 51,752,013 51,108,409
Statutory surplus reserve 737,623 702,539
Accumulated other comprehensive income 4,837,092 4,058,657
Accumulated deficit (8,325,691) (4,098,798)
TOTAL STOCKHOLDERS' EQUITY 49,288,967 52,056,677
Noncontrolling interest 12,777,831 12,590,782
TOTAL EQUITY 62,066,798 64,647,459
TOTAL LIABILITIES AND EQUITY $ 257,969,216 $ 235,716,943