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Unaudited Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (1,524,275) $ 2,469,004
Adjustments to reconcile net (loss) income from operations to net cash provided by operating activities:    
Depreciation 3,351,761 4,144,514
Amortization of land use rights 45,226 48,352
Stock-based compensation and fees 488,500 274,400
Decrease in allowance for doubtful accounts (6,216)
Changes in operating assets and liabilities:    
Notes receivable 61,205 29,446
Accounts receivable 402,452 1,991,705
Inventories (1,208,582) (286,891)
Prepaid and other current assets 180,171 10,366
Advances to suppliers 161,967 2,838
Accounts payable (172,849) 894,079
Accrued expenses (535,694) (568,800)
VAT and service taxes payable (231,023) (266,229)
Income taxes payable (140,742) (476,587)
Advances from customers (73,954) 458,219
NET CASH PROVIDED BY OPERATING ACTIVITIES 804,163 8,718,200
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (9,338) (5,616)
NET CASH USED IN INVESTING ACTIVITIES (9,338) (5,616)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from bank loans 2,218,686 2,944,641
Repayments of bank loans (2,295,192) (2,781,050)
Decrease in restricted cash 390,183 327,182
Decrease in bank acceptance notes payable (400,894) (327,182)
Proceeds from sale of common stock 483,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 395,783 163,591
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS (458,073) 94,996
NET INCREASE IN CASH AND CASH EQUIVALENTS 732,535 8,971,171
CASH AND CASH EQUIVALENTS - beginning of period 18,790,370 7,835,791
CASH AND CASH EQUIVALENTS - end of period 19,522,905 16,806,962
Cash paid for:    
Interest 111,176 113,971
Income taxes 118,764 1,439,402
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock issued for future services 72,600
Stock issued for accrued liabilities $ 54,000