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Condensed Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 8,822,581 $ 3,691,653
Accounts receivable 50,634,388 36,334,684
Inventories 36,874,804 26,210,714
Value added tax receivable 1,908,436 1,755,697
Other receivables and prepaid expenses 1,122,570 1,000,775
Advances on inventory purchases 2,177,544 2,150,345
Amounts due from related parties 17,623,712 10,102,559
Total Current Assets 119,164,035 81,246,427
LAND USE RIGHT, NET 2,845,552 2,815,760
PROPERTY AND EQUIPMENT, NET 13,210,628 12,580,757
TOTAL ASSETS 135,220,215 96,642,944
CURRENT LIABILITIES    
Bank loans 29,185,381 18,139,781
Loan from related party 0 999,811
Accounts payable 41,466,844 29,938,541
Accounts payable and other payables - related parties 2,759,003 1,463,120
Other payables and accrued liabilities 5,996,434 3,507,196
Value added and other taxes payable 2,268,872 1,221,441
Income tax payable 368,714 308,807
Deferred tax liabilities 2,460,377 1,127,753
Total Current Liabilities 84,505,625 56,706,450
LONG-TERM LIABILITIES    
Derivative liability 390,800 606,800
Total Long-term Liabilities 390,800 606,800
TOTAL LIABILITIES 84,896,425 57,313,250
Stockholders' equity:    
Preferred stock ($.001 par value, authorized 5,000,000 shares, no shares issued and outstanding) 0 0
Common stock ($.001 par value, authorized 50,000,000 shares, 14,760,873 and 14,750,783 shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively) 14,761 14,751
Additional paid-in capital 3,532,369 3,512,380
Retained earnings 34,976,853 26,419,672
Statutory reserve 5,311,921 4,222,098
Accumulated other comprehensive income 6,487,886 5,160,793
Total Stockholders' Equity 50,323,790 39,329,694
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 135,220,215 $ 96,642,944