Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 11,913,240	$ 18,790,370
Restricted cash	266,388	647,080
Notes receivable	115,453	132,497
Accounts receivable, net of allowance for doubtful accounts	15,716,179	15,823,859
Inventories, net of reserve for obsolete inventories	2,978,728	1,827,084
Advances to suppliers	1,028,939	1,038,884
Deferred tax assets	214,977	220,895
Prepaid expenses and other	858,043	992,055
Total Current Assets	33,091,947	39,472,724
PROPERTY AND EQUIPMENT, net	37,274,206	51,753,964
OTHER ASSETS:
Equipment held for sale	8,708,602
Intangible assets, net	5,584,027	3,382,071
Total Assets	84,658,782	94,608,759
CURRENT LIABILITIES:
Short-term bank loans	2,923,810	3,081,332
Bank acceptance notes payable	194,921	647,080
Accounts payable	3,157,039	3,489,815
Accrued liability for claimed sale contract dispute		5,562,365
Accrued expenses	295,121	798,714
Advances from customers	408,956	433,050
VAT and service taxes payable	109,143	269,284
Income taxes payable	77,643	259,987
Total Current Liabilities	7,166,633	14,541,627
Total Liabilities	7,166,633	14,541,627
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Preferred stock ($0.001 par value; 10,000,000 shares authorized; 0 share issued and outstanding at September 30, 2016 and December 31, 2015)
Common stock ($0.001 par value; 50,000,000 shares authorized; 5,236,486 and 3,943,986 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively)	5,236	3,944
Additional paid-in capital	35,268,521	33,803,333
Retained earnings	35,123,965	37,007,776
Statutory reserve	3,555,468	3,555,468
Accumulated other comprehensive income - foreign currency translation adjustment	3,538,959	5,696,611
Total Stockholders' Equity	77,492,149	80,067,132
Total Liabilities and Stockholders' Equity	$ 84,658,782	$ 94,608,759