Annual report pursuant to Section 13 and 15(d)

TERM LOANS (Details)

v2.4.0.8
TERM LOANS (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Short-term Debt [Line Items]    
Short-term loans $ 9,085,353 $ 25,169,260
Maximum balance outstanding during the year 25,169,260 25,169,260
Interest expense for the years ended December 31, 2013 and 2012 1,229,965 1,873,866
Weighted average interest rate 8.70% 4.80%
Industrial and Commercial Bank Of China [Member]
   
Short-term Debt [Line Items]    
Short-term loans 0 14,390,323
Fujian Haixia Bank [Member]
   
Short-term Debt [Line Items]    
Short-term loans 9,085,353 7,133,120
China Minsheng Banking Corp. Ltd [Member]
   
Short-term Debt [Line Items]    
Short-term loans $ 0 $ 3,645,817