QUARTERLY CONSOLIDATED FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The following table shows the Company’s quarterly consolidated financial data for the four quarters of 2013:
 
 
 
Three Months Ended
 
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
19,669,476
 
$
21,362,357
 
$
20,609,107
 
$
61,026,829
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenue
 
 
(14,292,134)
 
 
(12,235,475)
 
 
(12,446,879)
 
 
(36,785,545)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Profit
 
 
5,377,342
 
 
9,126,882
 
 
8,162,228
 
 
24,241,284
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Selling and marketing expenses
 
 
(194,688)
 
 
(174,046)
 
 
(362,000)
 
 
(887,544)
 
General and administrative expenses
 
 
(301,342)
 
 
(866,194)
 
 
(1,178,033)
 
 
(846,068)
 
Total operating expenses
 
 
(496,030)
 
 
(1,040,240)
 
 
(1,540,033)
 
 
(1,733,612)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
4,881,312
 
 
8,086,642
 
 
6,622,195
 
 
22,507,672
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other income (expenses)
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment income
 
 
-
 
 
69,071
 
 
218
 
 
230
 
Interest income
 
 
1,096
 
 
1,460
 
 
2,305
 
 
3,389
 
Interest expenses
 
 
(685,377)
 
 
(710,365)
 
 
(1,049,040)
 
 
(1,727,207)
 
Subsidy income
 
 
35,387
 
 
205
 
 
168,900
 
 
7,133,781
 
Sundry income
 
 
2,003
 
 
11
 
 
7
 
 
123
 
Gain/(Loss) on foreign exchange, net
 
 
207,984
 
 
(428,389)
 
 
194,433
 
 
170,712
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income
     taxes
 
 
4,442,405
 
 
7,018,635
 
 
5,939,018
 
 
28,088,700
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax expense
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
 
4,442,405
 
 
7,018,635
 
 
5,939,018
 
 
28,088,700
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from discontinued operations, net of taxes
 
 
9,340,136
 
 
17,759,118
 
 
12,362,523
 
 
12,448,885
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated net income
 
 
13,782,541
 
 
24,777,753
 
 
18,301,541
 
 
40,537,585