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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,121,210 $ 2,611,996
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,160,636 790,597
Change in fair value of derivative liability (110,800) (195,800)
Deferred income tax 381,752 175,187
Interest on loans from related party 0 909
Stock-based compensation 9,836 10,077
Changes in operating assets and liabilities    
Accounts receivable 14,852,591 8,802,986
Accounts receivable - related parties 7,530 (90,456)
Inventories 5,000,492 2,693,438
Value added tax receivable (14,241) (821,849)
Other receivables and prepaid expenses (77,904) 51,288
Advances on inventory purchases 464,034 (759,309)
Amounts due from related party (728,657) (1,721,674)
Accounts payable (12,273,787) (6,706,056)
Accounts payable and other payables- related parties (741,899) 1,050,714
Other payables and accrued liabilities (1,142,719) (756,966)
Value added and other taxes payable 11,229 (229,637)
Income tax payable (56,211) 313,847
Net cash provided by operating activities 8,863,092 5,219,292
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (732,195) (458,909)
Net cash used in investing activities (732,195) (458,909)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from bank loans 13,500,297 17,261,293
Repayment of bank loans (17,834,408) (16,023,229)
Repayment of long term loan from related party 0 (100,947)
Net cash (used in) provided by financing activities (4,334,111) 1,137,117
EFFECT OF EXCHANGE RATE CHANGES ON CASH 164,935 95,261
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,961,721 5,992,761
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 8,822,581 3,691,653
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,784,302 9,684,414
Cash paid during the period for:    
Interest 546,041 261,271
Income taxes $ 214,745 $ 189,694