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Consolidated Satatements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 302,795 $ 2,665,160
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 1,547,345 1,177,002
Amortization of land use rights 23,383 22,428
Increase in allowance for doubtful accounts (46,670) (7,145)
Warrants modification expense 235,133 0
Stock-based compensation expense 28,190 84,892
Changes in assets and liabilities:    
Notes receivable (102,846) (161,698)
Accounts receivable 685,966 2,085,825
Inventories (1,240,453) (1,181,083)
Prepaid value-added taxes on purchases 355,356 254,544
Prepaid and other current assets (26,863) (103,842)
Advances to suppliers (495,856) (289,011)
Accounts payable (640,500) (1,065,108)
Accrued expenses (231,302) 133,298
VAT and service taxes payable 0 (81,892)
Income taxes payable (317,478) (182,032)
Advances from customers 49,622 76,741
NET CASH PROVIDED BY OPERATING ACTIVITIES 125,822 3,428,079
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (557,365) (2,846,586)
NET CASH USED IN INVESTING ACTIVITIES (557,365) (2,846,586)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on capital lease (83,881) 0
Proceeds from loans payable 949,349 758,794
Repayment of loans payable (632,899) (1,365,830)
Decrease in restricted cash 31,645 0
Decrease in bank acceptance notes payable (79,337) 0
Proceeds from sale of common stock 0 125,000
Proceeds from exercise of warrants 0 200,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 184,877 (282,036)
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS 5,135 5,963
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (241,531) 305,420
CASH AND CASH EQUIVALENTS - beginning of period 1,152,607 947,177
CASH AND CASH EQUIVALENTS - end of period 911,076 1,252,597
Cash paid for:    
Interest 90,033 29,702
Income taxes 547,893 1,135,294
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Series A preferred converted to common shares 4,582 936
Common stock issued for future service $ 82,320 $ 0