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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,373,135 $ 7,314,003
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 6,166,899 6,245,723
Amortization of land use rights $ 71,966 72,141
Amortization of prepaid expense 13,774
Stock-based compensation $ 285,560 271,661
Changes in operating assets and liabilities:    
Notes receivable (142,843) 461,461
Accounts receivable 2,546,105 729,430
Inventories $ 250,193 (2,959,168)
Prepaid value-added taxes on purchases 256,691
Prepaid and other current assets $ 21,114 (11,280)
Advances to suppliers (85,798) 113,219
Accounts payable (168,462) (314,445)
Accrued expenses (487,275) (215,395)
VAT and service taxes payable (323,532) 388
Income taxes payable (574,783) (967,226)
Advances from customers 369,986 (1,216,756)
NET CASH PROVIDED BY OPERATING ACTIVITIES 11,302,265 9,794,221
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (12,573) (10,822,897)
NET CASH USED IN INVESTING ACTIVITIES (12,573) (10,822,897)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from bank loans 4,545,012 3,091,592
Repayments of bank loans (4,382,690) (3,091,592)
(Increase) Decrease in restricted cash (113,625) 244,073
Increase (decrease) in bank acceptance notes payable $ 113,625 (244,073)
Net proceeds from sale of common stock 1,623,691
NET CASH PROVIDED BY FINANCING ACTIVITIES $ 162,322 1,623,691
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS (615,575) (2,582)
NET INCREASE IN CASH AND CASH EQUIVALENTS 10,836,439 592,433
CASH AND CASH EQUIVALENTS - beginning of period 7,835,791 1,114,873
CASH AND CASH EQUIVALENTS - end of period 18,672,230 1,707,306
Cash paid for:    
Interest 175,102 178,313
Income taxes $ 1,863,955 3,571,325
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment acquired on credit as payable 321,064
Common stock issued for future service $ 90,554