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Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 1,307,312 $ 1,152,607
Restricted cash 284,824 314,233
Notes receivable 47,471 53,420
Accounts receivable, net of allowance for doubtful accounts 8,011,584 7,087,958
Inventories, net of reserve for obsolete inventory 5,911,511 4,276,090
Advances to suppliers 1,601,450 219,347
Prepaid VAT on purchases 608,960 1,512,213
Prepaid expenses and other 199,190 110,670
Total Current Assets 17,972,302 14,726,538
PROPERTY AND EQUIPMENT - net 64,668,749 64,042,079
OTHER ASSETS:    
Land use rights, net 3,800,970 3,820,536
Total Assets 86,442,021 82,589,153
CURRENT LIABILITIES:    
Short-term bank loans 2,690,001 2,356,749
Bank acceptance notes payable 284,824 314,233
Accounts payable 4,843,331 4,997,109
Accrued expenses 948,011 771,597
Capital lease obligations- current portion 248,046 244,747
Advances from customers 2,394,167 1,166,942
VAT and service taxes payable 54,736   
Income taxes payable 484,216 592,202
Total Current Liabilities 11,947,332 10,443,579
OTHER LIABILITIES:    
Capital lease obligations - net of current portion 254,800 381,235
Total Liabilities 12,202,132 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, 0 and 10,995,807 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively    10,996
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,667,017 and 2,101,849 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 2,667 2,102
Additional paid-in capital 28,089,776 27,489,600
Retained earnings 35,892,733 34,618,341
Statutory reserve 2,164,324 2,064,551
Accumulated other comprehensive gain - foreign currency translation adjustment 8,090,389 7,578,749
Total Stockholders' Equity 74,239,889 71,764,339
Total Liabilities and Stockholders' Equity $ 86,442,021 $ 82,589,153