CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 6,071,371 [1] $ 6,139,589 [1]
Accounts receivable, net 42,262,303 [1] 41,147,767 [1]
Advances to suppliers 11,926,430 13,270,125
Prepayment 2,148,201 316,258
Other current assets 6,944,759 [1] 4,040,152 [1]
Due from directors 577,801 [1] 758,033 [1]
Inventories 12,292,660 [1] 11,297,513 [1]
Deferred tax asset 118,699 117,952
Total current assets 82,342,224 77,087,389
Property and equipment, net 12,352,836 [1] 11,561,034 [1]
Land use right, net 5,912,852 5,905,583
Intangible assets, net 279,971 33,958
Long-term prepayment 792,899 [1] 2,733,363 [1]
TOTAL ASSETS 101,680,782 97,321,327
Current liabilities    
Accounts payable 1,194,843 [1] 2,238,179 [1]
Accrued expenses and other current liabilities 2,298,441 [1] 2,216,128 [1]
Short-term loan 10,097,333 6,460,945
Due to directors 0 [1] 11,959 [1]
Taxes payable 3,240,015 [1] 4,209,907 [1]
Total current liabilities 16,830,632 15,137,118
COMMITMENTS AND CONTINGENCIES      
Stockholders' equity    
Preferred Stock: par value $0.001, authorized 10,000,000 shares, none issued and outstanding at March 31, 2012 and December 31, 2011, respectively 0 0
Common Stock: par value $0.001, authorized 190,000,000 shares, 36,807,075 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 36,807 36,807
Additional paid-in capital 39,671,966 39,671,966
Appropriated retained earnings 4,504,667 4,504,667
Unappropriated retained earnings 37,195,918 34,989,429
Accumulated other comprehensive income 3,440,792 2,981,340
Total stockholders' equity 84,850,150 82,184,209
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 101,680,782 $ 97,321,327
[1] The assets of the VIEs can be used only to settle the obligations of the VIEs. Conversely, liabilities recognized as of consolidating VIEs do not represent additional claims on the Company's assets. (Note 24).