Segments

12 Months Ended

Dec. 31, 2011

Segment Reporting, Disclosure Of Entitys Reportable Segments [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 15- SEGMENTS

The Company reports financial and operating information in the following two segments:

(a)  Wholesale segment

(b)  Retail segment

The Company also provides general corporate services to its segments and these costs are reported as "Corporate and others."

	Wholesale segment			Retail segment			Corporate and others			Total
December 31, 2011
Segment profit or loss:
Net revenue	$	162,236,470		$	53,542,544		$	-		$	215,779,014
Income from operations	$	11,168,215		$	885,357		$	-		$	12,053,572
Interest income	$	695,333		$	7,706		$	-		$	703,039
Interest expense	$	1,367,598		$	77,339		$	1,255		$	1,446,192
Depreciation and amortization	$	998,702		$	2,777,843		$	-		$	3,776,545
Income tax expense	$	1,825,797		$	214,449		$	-		$	2,040,246
Segment assets:
Additions to property, plant and equipment	$	241,228		$	3,651,603		$	-		$	3,892,831
Total assets	$	169,126,845		$	42,905,991		$	69,475,138		$	281,507,974
December 31, 2010
Segment profit or loss:
Net revenue	$	104,845,550		$	29,300,160		$	-		$	134,145,710
Income (loss) from operations	$	5,093,400		$	1,617,640		$	(95,121	)	$	6,615,919
Interest income	$	123,461		$	2,031		$	-		$	125,492
Interest expense	$	403,871		$	12,043		$	74,087		$	490,001
Depreciation and amortization	$	937,872		$	1,404,667					$	2,342,539
Income tax expense	$	718,824		$	415,390					$	1,134,214
Segment assets:
Additions to property, plant and equipment	$	183,215		$	1,800,812					$	1,984,027
Total assets	$	120,239,444		$	17,288,247		$	62,458,451		$	199,986,142
The reconciliation of segment information to the Company’s consolidated totals were as follows for the years ended December 31, 2011 and 2010:
		2011			2010
Total assets:
Total segments	$	281,507,974		$	199,986,142
Elimination of intersegment receivables	$	(146,287,759	)	$	(103,343,198	)
Total consolidated assets	$	135,220,215		$	96,642,944

Revenue is attributable to countries and locations based on the location of the customer.  For the years ended December 31, 2011 and 2010 revenues were generated in the following jurisdictions:

	2011		2010
The People’s Republic of China	$	115,450,768	$	57,180,305
Germany		31,232,561		21,784,300
Europe-Other		27,161,916		26,260,437
Japan		20,245,785		12,174,922
United States		21,687,984		16,745,746
Total	$	215,779,014	$	134,145,710

Substantially all of the Company’s long-lived assets were attributable to the PRC as of December 31, 2011 and 2010.