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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 1,445,728 $ 1,152,607
Restricted cash    314,233
Notes receivable 88,029 53,420
Accounts receivable, net of allowance for doubtful accounts 10,078,623 7,087,958
Inventories, net of reserve for obsolete inventory 5,897,555 4,276,090
Advances to suppliers 593,104 219,347
Prepaid VAT on purchases 542,032 1,512,213
Prepaid expenses and other 428,326 110,670
Total Current Assets 19,073,397 14,726,538
PROPERTY AND EQUIPMENT - net 59,436,100 64,042,079
OTHER ASSETS:    
Deferred tax asset 551,890   
Equipment held for sale 7,118,555   
Land use rights, net 3,756,342 3,820,536
Total Assets 89,936,284 82,589,153
CURRENT LIABILITIES:    
Short-term bank loans 2,216,558 2,356,749
Bank acceptance notes payable    314,233
Accounts payable 5,474,479 4,997,109
Accrued expenses 986,824 771,597
Capital lease obligation - current portion 251,413 244,747
Advances from customers 1,851,987 1,166,942
VAT and service taxes payable 206,527   
Income taxes payable 822,082 592,202
Total Current Liabilities 11,809,870 10,443,579
OTHER LIABILITIES:    
Capital lease obligation - net of current portion 132,756 381,235
Total Liabilities 11,942,626 10,824,814
STOCKHOLDERS' EQUITY:    
Preferred stock ($0.001 par value; 10,000,000 shares authorized and 0 share issued and outstanding at December 31, 2012; 30,000,000 shares authorized and designated as series A convertible preferred stock and 10,995,807 shares issued and outstanding at December 31, 2011)    10,996
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,894,586 and 2,101,849 shares issued and outstanding at December 31, 2012 and 2011, respectively) 2,894 2,102
Additional paid-in capital 28,987,128 27,489,600
Retained earnings 38,401,734 34,618,341
Statutory reserve 2,479,738 2,064,551
Accumulated other comprehensive gain - foreign currency translation adjustment 8,122,164 7,578,749
Total Stockholders' Equity 77,993,658 71,764,339
Total Liabilities and Stockholders' Equity $ 89,936,284 $ 82,589,153