|
Condensed Parent Company Financial Information (Details 2) (USD $)
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
$ 85,760,705 |
$ 99,046,456 |
$ 108,774,696 |
| Changes in operating assets and liabilities: |
|
|
|
| Prepaid expenses |
4,213,938 |
(1,925,477) |
(218,759) |
| Other receivables |
(156,606) |
19,201 |
6,797,156 |
| Accrued liabilities and other payables |
1,019,221 |
3,583,989 |
777,587 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
33,928,408 |
52,266,802 |
45,249,230 |
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| NET CASH USED IN INVESTING ACTIVITIES |
(35,862,379) |
(336,512,660) |
(77,351,498) |
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Payments made for dividend |
(790,550) |
|
|
| Cash acquired in recapitalization |
|
3,565,355 |
|
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
6,724,079 |
31,147,495 |
37,151,786 |
| NET INCREASE (DECREASE) IN CASH |
4,595,673 |
(163,766,761) |
57,719,020 |
| CASH AND CASH EQUIVALENTS - beginning of year |
8,156,599 |
171,923,360 |
114,204,340 |
| CASH AND CASH EQUIVALENTS - end of year |
12,752,272 |
8,156,599 |
171,923,360 |
| Parent [Member] |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
85,760,705 |
99,046,456 |
108,774,696 |
| Adjustments to reconcile net income from operations to net cash provided by operating activities: |
|
|
|
| Equity in earnings of VIEs |
(87,577,218) |
(101,271,882) |
(108,774,696) |
| Changes in operating assets and liabilities: |
|
|
|
| Prepaid expenses |
(1) |
(21,180) |
|
| Other receivables |
33 |
|
|
| Accrued liabilities and other payables |
(198,075) |
201,654 |
|
| Due to related parties |
23,352 |
|
|
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
(1,991,268) |
(2,002,592) |
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Investment payments to VIEs |
|
(1,316,079) |
|
| NET CASH USED IN INVESTING ACTIVITIES |
|
(1,316,079) |
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Cash acquired from VIEs |
584,983 |
|
|
| Advances from related parties |
2,350,000 |
|
|
| Payments made for dividend |
790,550 |
|
|
| Cash acquired in recapitalization |
|
3,565,355 |
|
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
2,144,433 |
3,565,355 |
|
| NET INCREASE (DECREASE) IN CASH |
153,165 |
246,684 |
|
| CASH AND CASH EQUIVALENTS - beginning of year |
246,684 |
|
|
| CASH AND CASH EQUIVALENTS - end of year |
$ 399,849 |
$ 246,684 |
|