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Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 911,076 $ 1,152,607
Restricted cash 284,598 314,233
Notes receivable 156,529 53,420
Accounts receivable, net of allowance for doubtful accounts 6,493,952 7,087,958
Inventories, net of reserve for obsolete inventory 5,542,689 4,276,090
Advances to suppliers 716,231 219,347
Prepaid VAT on purchases 1,166,678 1,512,213
Prepaid expenses and other 220,408 110,670
Total Current Assets 15,492,161 14,726,538
PROPERTY AND EQUIPMENT - net 63,457,845 64,042,079
OTHER ASSETS:    
Land use rights, net 3,821,332 3,820,536
Total Assets 82,771,338 82,589,153
CURRENT LIABILITIES:    
Short-term bank loans 2,687,875 2,356,749
Bank acceptance notes payable 236,941 314,233
Accounts payable 4,388,478 4,997,109
Accrued expenses 544,836 771,597
Capital lease obligations- current portion 247,315 244,747
Advances from customers 1,223,907 1,166,942
Income taxes payable 278,700 592,202
Total Current Liabilities 9,608,052 10,443,579
OTHER LIABILITIES:    
Capital lease obligations - net of current portion 298,807 381,235
Total Liabilities 9,906,859 10,824,814
STOCKHOLDERS' EQUITY:    
Preferred stock $0.001 par value (30,000,000 shares authorized, all of which were designated as series A convertible preferred, 8,615,670 and 10,995,807 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 8,616 10,996
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,294,442 and 2,101,849 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 2,294 2,102
Additional paid-in capital 27,837,431 27,489,600
Retained earnings 34,890,806 34,618,341
Statutory reserve 2,094,881 2,064,551
Accumulated other comprehensive gain - foreign currency translation adjustment 8,030,451 7,578,749
Total Stockholders' Equity 72,864,479 71,764,339
Total Liabilities and Stockholders' Equity $ 82,771,338 $ 82,589,153