Ossen Innovation (OSN) 20-F/A 29 Oct 15 2014 FY Annual report (foreign) (amended) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2014shares
Document and Entity Information [Abstract]
Document Type	20-F/A
Amendment Flag	true
Amendment Description	Ossen Innovation Co. Ltd. (the “Company”) is filing this Amendment No. 2 (the “Amendment”) to amend its Annual Report on Form 20-F for the year ended December 31, 2014, which was filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2015 (the “Original Filing”) and amended on September 23, 2015. For the convenience of the reader, the Amendment sets forth the Original Filing, as amended, in its entirety, except that the following items and sections in the Original Filing have been amended: · Subsection (a) of Item 15. · The last 2 paragraphs of subsection (b) of Item 15. · The report of the Company’s independent registered public accounting firm. Additionally, Part III, Item 19 has been amended and restated to include the currently dated certifications of the Company’s principal executive officer and principal financial officer as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 and Rule 13a-14 of the Securities Exchange Act of 1934, as amended. This Amendment is not intended to update any other information presented in the Original Filing, as amended. The Original Filing, as amended, continues to speak as of the dates described therein, and we have not updated the disclosures contained therein to reflect any events that occurred subsequent to such dates. Accordingly, this Amendment should be read in conjunction with our filings made with the SEC subsequent to the Original Filing, as information in such filings may update or supersede certain information contained in the Original Filing and in this Amendment.
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	FY
Entity Registrant Name	Ossen Innovation Co. Ltd.
Entity Central Index Key	1,485,538
Trading Symbol	OSN
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	19,901,959

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$ 684,592	$ 1,139,450
Restricted cash	17,572,732	31,783,670
Note receivable-bank acceptance note	9,925,155	2,421,581
Accounts receivable, net of allowance for doubtful accounts of $1,874,330 and $1,336,177 at December 31, 2014 and 2013, respectively	53,764,414	48,200,076
Inventories	20,137,901	18,750,770
Advance to suppliers	56,327,390	50,614,815
Other current assets	$ 946,319	3,447,886
Notes receivable from related party - bank acceptance notes		12,915,099
Total current assets	$ 159,358,503	169,273,347
Property, plant and equipment, net	7,174,646	8,458,121
Land use rights, net	4,231,348	$ 4,297,849
Prepayment for plant and equipment
TOTAL ASSETS	170,764,497	$ 182,029,317
Current Liabilities
Notes payable-bank acceptance notes	26,521,315	50,990,427
Short-term bank loans	18,711,357	27,283,147
Accounts payables	3,217,076	503,944
Customer deposits	588,005	2,908,271
Taxes payable	552,459	232,541
Other payables and accrued liabilities	1,622,958	1,549,748
Due to related party	69,469	16,911
Due to shareholder	100,000	50,000
Total current liabilities	51,382,639	$ 83,534,989
Bond payable	15,972,837
TOTAL LIABILITIES	67,355,476	$ 83,534,989
Shareholders' Equity
Ordinary shares, $0.01 par value: 100,000,000 shares authorized; 20,000,000 shares issued; 19,901,959 shares outstanding as of December 31, 2014 and 2013, respectively	200,000	200,000
Additional paid-in capital	33,971,455	33,971,455
Statutory reserve	5,021,752	4,615,699
Retained earnings	44,971,082	41,518,259
Treasury stock, at cost: 98,041 shares as of December 31, 2014 and 2013, respectively	(96,608)	(96,608)
Accumulated other comprehensive income	8,425,697	7,646,562
TOTAL SHAREHOLDERS' EQUITY	92,493,378	87,855,367
Non-controlling interest	10,915,643	10,638,961
TOTAL EQUITY	103,409,021	98,494,328
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 170,764,497	$ 182,029,317

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,874,330	$ 1,336,177
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares, shares authorized	100,000,000	100,000,000
Ordinary shares, shares issued	20,000,000	20,000,000
Ordinary shares, shares outstanding	19,901,959	19,901,959
Treasury stock, shares	98,041	98,041

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]
REVEUNUES	$ 123,571,455	$ 113,891,989	$ 122,397,886
COST OF GOODS SOLD	110,250,876	102,353,957	111,611,457
GROSS PROFIT	13,320,579	11,538,032	10,786,429
Selling expenses	772,383	625,500	917,074
General and administrative expenses	6,340,584	3,485,118	3,950,934
Total Operating Expenses	7,112,967	4,110,618	4,868,008
LOSS FROM OPERATIONS	6,207,612	7,427,414	5,918,421
Financial expenses, net	(2,401,268)	(2,696,966)	(3,556,045)
Other income, net	907,941	558,426	911,430
INCOME BEFORE INCOME TAX	4,714,285	5,288,874	3,273,806
INCOME TAX	(578,727)	(1,219,030)	(557,428)
NET INCOME	4,135,558	4,069,844	2,716,378
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	276,682	426,440	335,099
NET INCOME ATTRIBUTABLE TO OSSEN INNOVATION CO., LTD AND SUBSIDIARIES	3,858,876	3,643,404	2,381,279
OTHER COMPREHENSIVE INCOME
Foreign currency translation gain	779,135	1,647,348	703,573
TOTAL OTHER COMPREHENSIVE INCOME	779,135	1,647,348	703,573
COMPREHENSIVE INCOME	$ 4,638,011	$ 5,290,752	$ 3,084,852
EARNINGS PER ORDINARY SHARE
Basic and diluted	$ 0.19	$ 0.18	$ 0.12
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING
Basic and diluted	19,901,959	19,901,959	19,942,333

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY - USD ($)	Total	Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Treasury stock [Member]	Accumulated Other Comprehensive Income [Member]	Statutory Reserve [Member]	Retained Earnings [Member]	Non Controlling Interest [Member]
Balance at Dec. 31, 2011	$ 89,366,994	$ 200,000	$ 33,884,656		$ 5,295,641	$ 3,884,808	$ 36,224,467	$ 9,877,422
Balance, shares at Dec. 31, 2011		20,000,000
Net income	$ 2,716,378						2,381,279	$ 335,099
Transfer to statutory reserve						$ 294,219	$ (294,219)
Common shares repurchase	$ (96,608)			$ (96,608)
Common shares repurchase, shares				(98,041)
Share-based compensation to employee	86,799		$ 86,799
Foreign currency translation adjustment	703,573				$ 703,573
Balance at Dec. 31, 2012	92,777,136	$ 200,000	$ 33,971,455	$ (96,608)	$ 5,999,214	$ 4,179,027	$ 38,311,527	$ 10,212,521
Balance, shares at Dec. 31, 2012		20,000,000		(98,041)
Net income	$ 4,069,844						3,643,404	$ 426,440
Transfer to statutory reserve						$ 436,672	$ (436,672)
Foreign currency translation adjustment	$ 1,647,348				$ 1,647,348
Balance at Dec. 31, 2013	$ 98,494,328	$ 200,000	$ 33,971,455	$ (96,608)	$ 7,646,562	$ 4,615,699	$ 41,518,259	$ 10,638,961
Balance, shares at Dec. 31, 2013	19,901,959	20,000,000		(98,041)
Net income	$ 4,135,558						3,858,876	$ 276,682
Transfer to statutory reserve						$ 406,053	$ (406,053)
Foreign currency translation adjustment	$ 779,135				$ 779,135
Balance at Dec. 31, 2014	$ 103,409,021	$ 200,000	$ 33,971,455	$ (96,608)	$ 8,425,697	$ 5,021,752	$ 44,971,082	$ 10,915,643
Balance, shares at Dec. 31, 2014	19,901,959	20,000,000		(98,041)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,135,558	$ 4,069,844	$ 2,716,378
Adjustments to reconcile net income to net cash provided by/ (used in) operating activities:
Depreciation and amortization	$ 1,531,278	$ 1,564,973	1,601,197
Share-based compensation expense			86,799
(Increase) Decrease In:
Accounts receivable	$ (5,564,338)	$ (2,465,695)	2,315,342
Inventories	(1,387,131)	(8,943,726)	7,415,620
Advance to suppliers	(5,712,575)	27,333,681	(36,557,323)
Other current assets	2,501,567	(1,543,260)	4,590,616
Notes receivable - bank acceptance notes	(7,503,574)	(2,027,502)	10,457,537
Notes receivable from related party - bank acceptance notes	$ 12,915,099	$ (11,084,891)	(1,830,208)
Account receivable from related party			20,799
Increase (Decrease) In:
Accounts payable	$ 2,713,132	$ (68,361)	(376,169)
Customer deposits	(2,320,266)	2,523,669	(75,312)
Income tax payable	319,918	(158,812)	386,561
Other payables and accrued expenses	73,209	744,552	$ 480,773
Due to related party	52,558	16,911
Due to shareholder	50,000	50,000
Net cash provided by (used in) operating activities	1,804,435	10,011,383	$ (8,767,390)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of plant and equipment	$ (81,441)	(16,361)	(32,856)
Withdraw (Prepayment) for purchases of plant and equipment		$ 8,071,937	(1,584)
Disposal of property, plant and equipment	$ 456		1,458
Net cash provided by (used in) investing activities	(80,985)	$ 8,055,576	(32,982)
CASH FLOWS FROM FINANCING ACTIVITIES:
Decrease (Increase) in restricted cash	14,210,938	(6,376,171)	(5,642,598)
Proceeds from short-term bank loans	28,475,194	41,531,691	68,716,602
Repayments of short-term bank loans	$ (37,261,825)	(66,189,540)	(66,384,299)
Repayments of long-term bank loans		(4,581,002)	(316,877)
Proceeds from notes payable-bank acceptance notes	$ 55,811,380	98,467,000	76,842,639
Repayment of notes payable-bank acceptance notes	$ (80,682,428)	$ (84,912,143)	(64,959,757)
Repurchase of common share			$ (96,608)
Proceeds from bond payable	$ 15,946,109
Net cash provided by (used in) financing activities	(3,500,632)	$ (22,060,165)	$ 8,159,102
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,777,182)	(3,993,206)	(641,270)
Effect of exchange rate changes on cash	1,322,324	3,135,892	1,069,773
Cash and cash equivalents at beginning of period	1,139,450	1,996,764	1,568,261
CASH AND CASH EQUIVALENTS AT END OF PERIOD	684,592	1,139,450	1,996,764
Cash paid during the periods:
Income taxes paid	722,948	1,095,357	310,355
Interest paid	1,977,014	2,865,902	3,676,992
Non-cash transactions:
Appropriation to statutory reserve	$ 406,053	$ 436,672	$ 294,219

ORGANIZATION AND PRINCIPAL ACTI

ORGANIZATION AND PRINCIPAL ACTIVITIES	12 Months Ended
	Dec. 31, 2014
ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES Ossen Innovation Co., Ltd., (“Ossen Innovation” or the “Company”) formerly known as Ultra Glory International, Ltd., or Ultra Glory, is a British Virgin Islands limited liability company organized on January 21, 2010 under the BVI Business Companies Act, 2004 (the “BVI Act”). Ultra Glory was a blank check company formed for the purpose of acquiring, through a share exchange, asset acquisition or other similar business combination, an operating business. Business Combination On July 7, 2010, Ultra Glory and its sole shareholder entered into a share exchange agreement with Ossen Innovation Materials Group, Co., Ltd, or Ossen Innovation Group, a British Virgin Islands limited liability company organized on April 30, 2010 under the BVI Act and the shareholders of Ossen Innovation Group. Pursuant to the share exchange agreement, Ultra Glory acquired from the shareholders of Ossen Innovation Group all of the issued and outstanding shares of Ossen Innovation Group, in exchange for an aggregate of 10,000,000 5,000,000 0.03 100 100 100,000,000 The effect of the share exchange and the share sale is such that effectively a reorganization of the entities has occurred for accounting purposes and is deemed to be a reverse acquisition. Subsequent to the share exchange the financial statements presented are those of a combined Ossen Innovation Group and its subsidiaries, as if the share exchange had been in effect retroactively for all periods presented. The share exchange acquisition is accounted for as a “reverse acquisition” since, immediately following completion of the transaction, the shareholders of Ossen Innovation Group have had effective control of Ultra Glory. For accounting purposes, Ossen Innovation Group is deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of Ultra Glory, i.e., a capital transaction involving the issuance of shares by Ultra Glory for the shares of Ossen Innovation Group. Accordingly, the combined assets, liabilities and results of operations of Ossen Innovation Group and its subsidiaries, became the historical financial statements of Ultra Glory at the closing of the share exchange, and Ultra Glory's assets (primarily cash and cash equivalents), liabilities and results of operations is consolidated with those of Ossen Innovation Group beginning on the share exchange date. No step-up in basis or intangible assets or goodwill is recorded in this transaction. As this transaction is being accounted for as a reverse acquisition, all direct costs of the transaction is charged to additional paid-in capital. All professional fees and other costs associated with transaction were expensed. The 15,000,000 The Company's Shareholders Dr. Tang, the Company's chairman, owns 100 59.4 100 3 100 3 25 5 9.6 The Company's Subsidiaries British Virgin Islands Companies Ossen Innovation Group, the Company's wholly owned subsidiary, is the sole shareholder of two holding companies organized in the British Virgin Islands: Ossen Group (Asia) Co., Ltd., or Ossen Asia, and Topchina Development Group Ltd., or Topchina. All of the equity of Ossen Asia and Topchina had been held by Dr. Tang since inception. In May 2010, Dr. Tang transferred these shares to Ossen Innovation Group in anticipation of the public listing of our Company's shares in the United States. Ossen Asia is a British Virgin Islands limited liability company organized on February 7, 2002. Ossen Asia has one direct operating subsidiary in China, Ossen Innovation Materials Co. Ltd., or Ossen Materials. Ossen Asia owns 81 Topchina is a British Virgin Islands limited liability company organized on November 3, 2004. Ossen Materials and Topchina directly own an operating subsidiary in China, Ossen (Jiujiang) Steel Wire & Cable Co., Ltd., or Ossen Jiujiang. Ossen Materials owns 20.46 79.54 Ossen Materials Ossen Materials was formed in China on October 27, 2004 as a Sino-foreign joint venture limited liability company under the name Ossen (Ma'anshan) Steel Wire and Cable Co., Ltd. On May 8, 2008, Ossen Materials was restructured from a Sino-foreign joint venture limited liability company to a corporation. The name of the entity was changed at that time to Ossen Innovation Materials Co., Ltd. Ossen Asia owns 81% of the equity of Ossen Materials. The remaining 19 Through Ossen Materials, the Company has manufactured and sold plain surface PC strands, galvanized PC steel wires and PC wires in the Company's Maanshan City, PRC, facility since 2004. The primary products manufactured in this facility are the Company's plain surface PC strands. The primary markets for the products manufactured at the Company's Maanshan facility are Anhui Province, Jiangsu Province, Zhejiang Province and Shanghai City, each in the PRC. Ossen Jiujiang On April 6, 2005, Shanghai Ossen Investment Holdings (Group) Co., Ltd., or Ossen Shanghai, acquired a portion of the bankruptcy assets of Jiujiang Tianlong Galvanized Prestressing Steel Strand LLC, including equipment, land use rights and inventory for approximately $ 2.9 33.3 66.7 2.9 41.7 6,048,509 50,000,000 26,048,509 183,271,074 20,000,000 133,271,074 Through Ossen Jiujiang, the company manufactures galvanized PC wires, plain surface PC strands, galvanized PC strands, unbonded PC strands, helical rib PC wires, sleeper PC wires and indented PC wires. The primary products manufactured in this facility are the company's galvanized PC wires. The primary markets for the PC strands manufactured in the company's Jiujiang facility are Jiangxi Province, Wuhan Province, Hunan Province, Fujian Province and Sichuan Province, each in the PRC. At December 31, 2014, the subsidiaries of Ossen Innovation Co., Ltd were as follows: Name Domicile and Date Paid-in Capital Percentage Principal Ossen Innovation Materials Group, Co., Ltd. (“Ossen Innovation Group”) BVI USD - 100 % Investments holdings Ossen Group (Asia) Co., Ltd. ("Ossen Asia") BVI USD - 100 % Investments holdings Topchina Development Group Ltd. ("Topchina") BVI USD - 100 % Investments holdings Ossen Innovation Materials Co., Ltd. ("Ossen Meterials") The PRC RMB 75,000,000 81 % Design, engineering, manufacture and sale Ossen (Jiujiang) Innovation Materials Co., Ltd. (Formerly Ossen (Jiujiang) Steel Wire & Cable Co., Ltd. ) ("Ossen Jiujiang") The PRC RMB 183,271,074 96.11 % Design, engineering, manufacture and sale

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of Ossen Innovation Co., Ltd. and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of the consolidated and combined financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from those estimates. Non-controlling Interest Non-controlling interests in the Company's subsidiaries are recorded in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 810 Consolidation (“ASC 810”) and are reported as a component of equity, separate from the parent's equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings. Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollars (“US$” or “$”). The functional currency of the Company is Renminbi (“RMB”). The consolidated financial statements are translated into United States dollars from RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The resulting transaction adjustments are recorded as a component of shareholders' equity. Gains and losses from foreign currency transactions are included in net income. 2014 2013 2012 Year end RMB: US$ exchange rate 6.1460 6.1943 6.3086 Average yearly RMB: US$ exchange rate 6.1457 6.1122 6.3116 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. Revenue Recognition In accordance with the ASC Topic 605, “Revenue Recognition”, the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller's price to the buyer is fixed or determinable, and collectability is reasonable assured. The Company derives revenues from the processing, distribution and sale of own products. The Company recognizes its revenues net of value-added taxes (“VAT”). The Company is subject to VAT which is levied on the rate of 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales. The Company will recognize revenue for domestic sales based on the terms defined in the contract as long as risk of loss has transferred to the customers and each of the criteria under ASC 605 have been met. Contracts terms may require the Company to deliver the finished goods to the customers' location or the customer may pick up the finished goods at the Company's factory. International sales are recognized when shipment clears customs and leaves the port. The Company also derives an insignificant amount of revenue from providing services to select customers. Service revenues account for less than 2% of total revenues for all periods presented and is recognized upon delivery and acceptance of the finished products by the customer, or when pick up occurs. Contracts with distributors do not offer any chargeback or price protection. The Company experienced no product returns and recorded no reserve for sales returns for the years ended December 31, 2014, 2013 and 2012. Cost of Sales Cost of revenue includes direct and indirect production costs, as well as freight in and handling costs for products sold. Selling Expenses Selling expenses include operating expenses such as sales commissions, payroll, traveling expenses, transportation expenses and advertising expenses. General and Administrative (“G&A”) Expenses General and administrative expenses include management and office salaries and employee benefits, deprecation for office facility and office equipment, travel and entertainment, legal and accounting, consulting fees and other office expenses. Research and Development Research and development costs are expensed as incurred and totaled approximately $ 3,914,918 1,260,440 1,132,256 Retirement Benefits Retirement benefits in the form of contributions under defined contribution retirement plans to the relevant authorities are charged to operations as incurred. Retirement benefits of $ 193,182 198,019 213,617 Stock-Based Compensation Stock-based compensation includes 1) stock options and common stock awards granted to employees and directors for services, and are accounted for under FASB ASC 718 “Compensation - Stock Compensation”, and 2) common stock awards granted to consultants which are accounted for under FASB ASC 505-50 “Equity - Equity-Based Payments to Non-Employees”. Common stock awards are granted to directors for services provided. All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital. Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service. The Company does not have significant grants to consultants for any of the period presented. The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company's common stock on the date of grant. The fair value of stock options is estimated using the Black-Scholes model. The Company's expected volatility assumption is based on the historical volatility of the Company's stock. The expected life assumption is presumed to be the mid-point between the vesting date and the end of the contractual term, as is permitted for “plain vanilla” employee stock options. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. FASB ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in the subsequent period if actual forfeitures differ from initial estimates. Forfeiture rate is estimated based on historical and future expectation of employee turnover rate and are adjusted to reflect future change in circumstances and facts, if any. Share-based compensation expense is recorded net of estimated forfeitures such that expense was recorded only for those stock options and common stock awards that are expected to vest. Income Taxes The Company accounts for income taxes following the liability method pursuant to FASB ASC 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in income in the period that includes the enactment date. The Company also follows FASB ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2014, the Company did not have a liability for unrecognized tax benefits. The Company has not provided for income taxes on accumulated earnings amounting $ 44,971,082 Value-Added Tax (“VAT”) Enterprises or individuals, who sell commodities, engage in repair and maintenance or import or export goods in the PRC are subject to a value added tax in accordance with Chinese Laws. The VAT standard rate is 17 Statutory Reserve In accordance with the PRC Regulations on Enterprises with Foreign Investment, an enterprise established in the PRC with foreign investment is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise's PRC statutory accounts. A wholly-owned foreign enterprise (“WOFE”) is required to allocate at least 10% of its annual after-tax profit to the General Reserve Fund until the balance of such fund has reached 50% of its respective registered capital. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. Appropriations to the Enterprise Expansion Fund and Staff Welfare and Bonus Fund are at the discretion of the board of directors for all foreign invested enterprises. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. As a result, $ 406,053 436,672 294,219 Comprehensive Income Comprehensive income is defined as the change in equity during the year from transactions and other events, excluding the changes resulting from investments by owners and distributions to owners, and is not included in the computation of income tax expense or benefit. Accumulated comprehensive income consists of foreign currency translation. The Company presents comprehensive income (loss) in accordance with ASC Topic 220, “Comprehensive Income”. ASC Topic 220 states that all items that are required to be recognized under accounting standards as components of comprehensive income (loss) be reported in the consolidated financial statements. Cash and Cash Equivalents For financial reporting purposes, the Company considers all highly liquid investments purchased with original maturity of three months or less to be cash equivalents. The Company maintains no bank account in the United States of America. The Company maintains its bank accounts in Mainland China and Hong Kong. Balances at financial institutions or state-owned banks within the Mainland China are not covered by insurance. However, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. According to the rules of Hong Kong Deposit Protection Board, in case a member bank of Deposit Protection Scheme (“DPS”) fails, the DPS will pay compensation up to a maximum of HK$ 500,000 Restricted Cash Restricted cash represents amounts held by a bank as security for bank acceptance notes and therefore is not available for the Company's use until such time as the bank acceptance notes have been fulfilled or expired, normally within twelve month period. Fair Value of Financial Instruments The Company applies the provisions of ASC 820, Fair Value Measurements and Disclosures • Level 1—defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; The company's financial instruments primarily consist of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, accounts payable, other payables and accrued liabilities, short-term bank loans, and bond payable. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, and other current assets and liabilities approximate fair value because of the short term nature of these items. The estimated fair values of short-term bank loans were not materially different from their carrying value as presented due to the short maturities and that the interest rates on the borrowing approximate those that would have been available for loans of similar remaining maturity and risk profile. As the carrying amounts are reasonable estimates of the fair value, these financial instruments are classified within Level 1 of the fair value hierarchy. Bond payable is a financial instrument whose value is determined by unobservable inputs in which little market data exists. As the Company is required to develop its own assumptions, bond payable is classified within Level 3 of the fair value hierarchy. The balance of bond payable, which was measured and disclosed at fair value, was 15,972,837 nil Earnings per share The Company calculates earnings per share in accordance with ASC Topic 260, “Earnings per Share.” Basic earnings per share is computed by dividing the net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Accounts Receivable Accounts receivable are carried at net realizable value. The Company reviews its accounts receivables on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, customer's historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection. If accounts receivable are to be provided for, or written off, they would be recognized in the consolidated statement of operations within operating expenses. Balance of allowance of doubtful accounts was $ 1,874,330 1,336,177 Inventories Inventories are stated at the lower of cost or net realizable value, which is based on estimated selling prices less any further costs expected to be incurred for completion and disposal. Cost of raw materials is calculated using the weighted average method and is based on purchase cost. Work-in-progress and finished goods costs are determined using the weighted average method and comprise direct materials, direct labor and an appropriate proportion of overhead. At December 31, 2014 and 2013, the Company has no reserve for inventories. Advance to Suppliers Advance to Suppliers represents interest-free cash paid in advance to suppliers for purchases of raw materials. The balance of advance to suppliers was $ 56,327,390 50,614,815 29,692,902 18,899,528 7,734,960 Customer Deposit Customer deposits consist of amounts paid to the Company in advance for the sale of products in the PRC. The Company receives these amounts and recognizes them as a current liability until the revenue can be recognized when the goods are delivered. The balance of customer deposits was $ 588,005 2,908,271 Property, Plant, and Equipment Property, plant, and equipment are stated at cost less accumulated depreciation, and include expenditure that substantially increases the useful lives of existing assets. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives are as follows: Plant, buildings and improvements 5 20 Machinery and equipment 5 20 Motor vehicles 5 Office Equipment 5 10 When assets are sold or retired, their costs and accumulated depreciation are eliminated from the consolidated financial statements and any gain or loss resulting from their disposal is recognized in the period of disposition as an element of other income. The cost of maintenance and repairs is charged to income as incurred, whereas significant renewals and betterments are capitalized. Land Use Rights According to the PRC laws, the government owns all the land in the PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. The land use rights granted to the Company are being amortized using the straight-line method over the lease term of fifty years. Impairment of Long-Lived Assets Long-lived assets are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable in accordance with FASB ASC 360, “Property, Plant and Equipment”. In evaluating long-lived assets for recoverability, the Company uses its best estimate of future cash flows expected to result from the use of the asset and eventual disposition in accordance with FASB ASC 360-10-15. To the extent that estimated future, undiscounted cash inflows attributable to the asset, less estimated future, undiscounted cash outflows, are less than the carrying amount, an impairment loss is recognized in an amount equal to the difference between the carrying value of such asset and its fair value. Assets to be disposed of and for which there is a committed plan of disposal, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. No impairment loss is subsequently reversed even if facts and circumstances indicate recovery. There was no impairment loss recognized for the years ended December 31, 2014, 2013 and 2012. Related Party In general, related parties exist when there is a relationship that offers the potential for transactions at less than arm's-length, favorable treatment, or the ability to influence the outcome of events different from that which might result in the absence of that relationship. A related party may be any of the followings: a) affiliate, a party that directly or indirectly controls, is controlled by, or is under common control with another party; b) principle owner, the owner of record or known beneficial owner of more than 10% of the voting interest of an entity; c) management, persons having responsibility for achieving objectives of the entity and requisite authority to make decision; d) immediate family of management or principal owners; e) a parent company and its subsidiaries; d) other parties that has ability to significant influence the management or operating policies of the entity. FASB issued authoritative guidance that clarifies considerations relating to the consolidation of certain entities. The guidance requires identification of the Company's participation in variable interest entities (“VIE”), which are defined as entities with a level of invested equity that is not sufficient to fund future activities to permit them to operation on a standalone basis, or whose equity holders lack certain characteristics of a controlling financial interest. That, for entities identified as a VIE, the guidance sets forth a model to evaluate potential consolidation based on a assessment of which party to a VIE, if any, bears a majority of the exposure to expected losses, or stand to gain from majority of its expected returns. The guidance also sets forth certain disclosure regarding interests in a VIE that are deemed significant even if consolidation is not required. This item is discussed in further detail in Note 10 – Related Party Transactions. Economic and Political Risks The Company's operations are conducted in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company's operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. Exchange Risk The Company cannot guarantee that the current exchange rate will remain steady, therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of a fluctuating exchange rate actually post higher or lower profit depending on exchange rate of PRC Renminbi (RMB) converted to U.S. dollars on the date. The exchange rate could fluctuate depending on changes in the political and economic environments without notice. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 will eliminate transaction-specific and industry-specific revenue recognition guidance under current US GAAP and replace it with a principle-based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 and the effect of the standard on our ongoing financial reporting. In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-12 (“ASU 2014-12”), “Compensation—Stock Compensation (Topic 718) - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period. For all entities, the amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. The Company is currently evaluating the impact of adopting this Update on its financial statements. In August 2014, the FASB issued Accounting Standards Update No. 2014-15, “Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern”, which will explicitly require management to assess an entity's ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. Currently, there is no guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments should reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term “substantial doubt”, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management's plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for the first annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of adopting this update on its financial statements. In January 2015, the FASB issued Accounting Standards Update No. 2015-01, “Income Statement-Extraordinary and Unusual Items (Subtopic 225-20)”, which simplifies income statement presentation by eliminating the concept of an extraordinary item. As a result, entities will no longer segregate an extraordinary item from the results of ordinary operations; separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; and disclose income taxes and earnings per share data applicable to an extraordinary item. The guidance is effective for the Company beginning the first quarter of fiscal 2017 with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on our consolidated financial position, results of operations, or cash flows.

CONCENTRATION

CONCENTRATION	12 Months Ended
	Dec. 31, 2014
CONCENTRATION [Abstract]
CONCENTRATION	NOTE 3 – CONCENTRATION Concentration of major customers and suppliers: Year ended December 31, 2014 2013 2012 Major customers with revenues of more than 10% of the Company's sales Company A (3 rd $ - - $ 18,570,574 16 % $ 47,193,174 39 % Company B (3 rd - - - - 25,522,442 21 % Company C (3 rd 17,880,306 14 % 12,368,270 11 % - - Company D (3 rd - - 11,380,839 10 % - - Company E rd Party) 24,915,113 20 % - - - - Company F rd Party) 20,361,459 17 % - - - - Company G rd Party) 15,503,953 13 % - - - - Total Revenues $ 78,660,831 64 % $ 42,319,683 37 % $ 72,715,616 60 % Year ended December 31, 2014 2013 2012 Major suppliers with purchases of more than 10% of the Company's purchases Company X (3 rd $ 20,021,833 19 % $ - - $ 39,484,102 44 % Company Y (3 rd 54,268,855 51 % 32,748,784 32 % - - Company Z (3 rd - - 47,407,595 46 % 30,028,975 33 % Company U (3 rd - - - - 11,010,434 12 % Company V rd Party) 12,919,182 12 % - - - - Total Purchase $ 87,209,870 82 % $ 80,156,379 78 % $ 80,523,511 89 % Accounts receivable related to the Company's major customers comprised 63 31 Accounts payable related to the Company's major suppliers comprised nil 19

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2014
ACCOUNTS RECEIVABLE [Abstract]
ACCOUNTS RECEIVABLE	NOTE 4 – ACCOUNTS RECEIVABLE Accounts receivable is net of allowance for doubtful accounts. December 31, 2014 2013 Accounts receivable $ 55,638,744 $ 49,536,253 Less: allowance for doubtful accounts (1,874,330 ) (1,336,177 ) Accounts receivable, net $ 53,764,414 $ 48,200,076 As of December 31, 2014 and 2013, a net book value of $ 2,440,612 4,961,722 Changes in the allowance for doubtful accounts are as follows: December 31, 2014 2013 Beginning balance $ 1,336,177 $ 1,277,091 Provision/(Reverse) for doubtful accounts 538,153 59,086 Ending balance $ 1,874,330 $ 1,336,177

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2014
INVENTORIES [Abstract]
INVENTORIES	NOTE 5 – INVENTORIES December 31, 2014 2013 Raw materials $ 16,521,066 $ 12,785,087 Work-in-progress 153,666 144,158 Finished goods 3,463,169 5,821,525 Inventories $ 20,137,901 $ 18,750,770

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2014
NOTES RECEIVABLE [Abstract]
NOTES RECIEVABLE	NOTE 6 – NOTES RECEIVABLE Bank acceptance notes: December 31, 2014 2013 Due June 25, 2015 $ 325,414 $ - Due April 30, 2015 1,627,075 - Due April 16, 2015, subsequently settled on due date 1,627,075 - Due March 26, 2015, subsequently settled on due date 1,464,366 - Due March 10, 2015, subsequently settled on due date 1,627,075 - Due February 28, 2015, subsequently settled on due date 1,627,075 - Due January 17, 2015, subsequently settled on due date 1,627,075 - Due May 21, 2014, subsequently settled on due date $ - $ 161,439 Due May 11, 2014, subsequently settled on due date - 80,719 Due May 11, 2014, subsequently settled on due date - 80,719 Due March 12, 2014, subsequently settled on due date - 1,452,948 Due March 9, 2014, subsequently settled on due date - 322,878 Due March 9, 2014, subsequently settled on due date - 322,878 Total $ 9,925,155 $ 2,421,581 Notes receivable are received from customers for the purchase of the Company's products and are issued by financial institutions that entitle the Company to receive the full face mount from the financial institution at maturity, which bears no interest and generally ranges from three to six months from the date of issuance.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2014
OTHER CURRENT ASSETS [Abstract]
OTHER CURRENT ASSETS	NOTE 7 – OTHER CURRENT ASSETS Other current assets consist of the following: December 31, 2014 2013 Refundable deposits with suppliers $ - $ 2,784,818 Deposits for open project bids 48,812 129,151 VAT deductible 61,959 298,056 Guarantee fee 406,769 - Other receivables 428,779 235,861 $ 946,319 $ 3,447,886

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2014
PROPERTY, PLANT AND EQUIPMENT [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 8 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: December 31, 2014 2013 At Cost: Plant and buildings $ 4,348,977 $ 4,315,067 Machinery and equipment 15,616,293 15,455,062 Motor vehicles 322,115 323,370 Office equipment 121,022 117,228 20,408,407 20,210,727 Less: Accumulated depreciation Plant and buildings (2,149,753 ) (1,880,230 ) Machinery and equipment (10,715,803 ) (9,482,821 ) Motor vehicles (294,729 ) (280,778 ) Office equipment (112,267 ) (108,777 ) (13,272,552 ) (11,752,606 ) Construction- in-progress 38,791 - Property, plant and equipment, net $ 7,174,646 $ 8,458,121 Depreciation expense for the years ended December 31, 2014, 2013 and 2012 was $ 1,430,997 1,464,144 1,503,554 1) A net book value of nil 940,503 2) A net book value of $ 792,795 nil 3) A net book value of $ 1,406,429 nil

LAND USE RIGHTS

LAND USE RIGHTS	12 Months Ended
	Dec. 31, 2014
LAND USE RIGHTS [Abstract]
LAND USE RIGHTS	NOTE 9 – LAND USE RIGHTS Land use rights consist of the following: December 31, 2014 2013 Cost of land use rights $ 5,013,824 $ 4,974,729 Less: Accumulated amortization (782,476 ) (676,880 ) Land use rights, net $ 4,231,348 $ 4,297,849 Amortization expense for the years ended December 31, 2014, 2013 and 2012 was $ 100,282 100,828 97,643 1) A net book value of nil 2,735,916 2) A net book value of $ 2,694,754 nil 3) A net book value of $ 1,536,594 nil Amortization expense for the next five years and thereafter is as follows: 2015 $ 100,276 2016 100,276 2017 100,276 2018 100,276 2019 100,276 Thereafter 3,729,968 Total $ 4,231,348

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 – RELATED PARTY TRANSACTIONS (a) Names and Relationship of Related Parties: Existing Relationship with the Company Dr. Tang Chairman and controlling shareholder of the Company Shanghai Ossen Material Research Insititute Co., Ltd. (Formerly Shanghai Zhengfangxing Steel Co., Ltd.) (“Ossen Material Research”) Under common control of Dr. Tang Shanghai Ossen Investment Co., Ltd. (“SOI”) Under common control of Dr. Tang Shanghai Ossen Investment Holdings (Group) Co., Ltd. (“Ossen Shanghai) Under common control of Dr. Tang and Dr. Tang is the President Shanghai Pujiang Cable Co., Ltd. (“Shanghai Pujiang”) Zhejiang Pujiang Cable Co., Ltd. (“Zhejiang Pujiang”) Subsidiary of Ossen Shanghai since September 2010 Subsidiary of Shanghai Pujiang since December 2010 (b) Summary of Balances with Related Party: December 31, 2014 2013 Notes receivable from related party: Shanghai Pujiang, due June 6, 2014, subsequently settled on due date $ - $ 3,228,775 Shanghai Pujiang, due March 12, 2014, subsequently settled on due date - 1,614,387 Ossen Material Research, due May 19, 2014, subsequently settled on due date - 4,843,163 Ossen Material Research, due March 9, 2014, subsequently settled on due date - 1,614,387 Ossen Material Research, due February 20, 2014, subsequently settled on due date - 1,614,387 $ - $ 12,915,099 The notes receivable from related party were bank acceptance notes endorsed from the Company's customers. December 31, 2014 2013 Due to related party: Ossen Material Research $ 69,469 16,911 $ 69,469 16,911 Ossen Material Research is supplier of the Company. The balance of due to related party arises from the purchase of raw materials paid by Ossen Material Research on behalf of the Company. December 31, 2014 2013 Due to shareholder: Dr. Tang $ 100,000 $ 50,000 $ 100,000 $ 50,000 Dr. Tang is the chairman and controlling interest shareholder of the Company. From time to time, Dr. Tang paid operating expenses on behalf of the Company to assist with the Company's cash needs for business purposes. (c) Summary of Related Party Transactions: December 31, 2014 2013 2012 Ossen Material Research provided guarantee for the bank loans borrowed by the Company $ 813,536 $ 4,035,969 $ 9,985,370 Ossen Material Research provided guarantee together with SOI for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 Ossen Material Research provided guarantee together with Ossen Shanghai and Dr. Tang for the short-term bank loans borrowed by the Company 1,627,075 1,937,265 - Ossen Material Research Ossen Material Research provided guarantee together with Zhaoyang for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 Ossen Material Research provided guarantee together with Dr. Tang for the short-term bank loans borrowed by the Company $ 5,694,761 $ 3,228,775 $ 11,095,964 Ossen Material Research provided guarantee for the notes payable issued by the bank $ 14,806,378 $ 3,228,775 $ 22,984,497 Ossen Material Research provided guarantee together with Zhaoyang for the notes payable issued by the bank $ - $ - $ 3,170,275 The Company provided guarantee for the short-term bank loans borrowed by Ossen Material Research $ 4,881,224 $ 4,843,162 $ - Ossen Material Research sold raw materials to the Company $ - $ 2,056,102 $ 2,999,097 SOI provided guarantee for the short-term bank loans borrowed by the Company $ 1,627,075 $ - $ 3,170,275 SOI SOI provided guarantee together with Ossen Material Research for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 SOI provided guarantee together with Dr. Tang for the short-term bank loans borrowed by the Company $ 3,254,149 $ - $ - Ossen Shanghai Ossen Shanghai provided guarantee together with Ossen Material Research and Dr. Tang for the short-term bank loans borrowed by the Company $ 1,627,075 $ 1,937,265 $ - Zhaoyang Zhaoyang provided guarantee together with Ossen Material Research for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 Zhaoyang provided guarantee together with Ossen Material Research for the notes payable issued by the bank $ - $ - $ 3,170,275 Zhaoyang purchased products from the Company $ - $ 5,148,724 $ 7,136,843 Shanghai Zhaoyang New Metal Material Co., Ltd. (“Zhaoyang”) was no longer the Company's related party following the Stock Transfer Agreement signed on March 31, 2013 with 30 Shanghai Pujiang The Company provided guarantee for the short-term bank loans borrowed by Shanghai Pujiang $ 15,457,208 $ 11,300,712 $ 15,851,377 The Company provided guarantee for the notes payable issued by Shanghai Pujiang $ 21,314,676 $ 17,550,330 $ 12,866,563 Zhejiang Zhejiang Pujiang purchased products from the Company $ - $ - $ 440,107 In accordance with ASC 810-10, “Consolidation”, the Company first evaluated that none of the related parties met the scope exceptions as outlined in the guidance. The Company then had to determine if it hold any variable interest in the related parties. The Company determined to have a variable interest in Shanghai Pujiang and Ossen Material Research because the Company guarantees $ 15,457,208 21,314,676 4,881,224 The Company also evaluated the remaining related parties and affiliated entities under ASC 810 and because the Company does not guarantee the debt, the holders of the equity were at risk and therefore determined to be the primary beneficiary and these entities are not variable interest entities that require consolidation.

OTHER PAYABLES AND ACCRUED EXPE

OTHER PAYABLES AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2014
OTHER PAYABLES AND ACCRUED EXPENSES [Abstract]
OTHER PAYABLES AND ACCRUED EXPENSES	NOTE 11 – OTHER PAYABLES AND ACCRUED EXPENSES Other payables and accrued expenses consist of the following: December 31, 2014 2013 Other taxes payable $ 155,354 $ 405,705 Accrued payroll & welfare 35,110 18,119 Accrued expense & liability 802,059 645,810 Deposits of purchasing materials - 477,859 Interest payable 583,035 - Others 47,400 2,255 $ 1,622,958 $ 1,549,748

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2014
NOTES PAYABLE [Abstract]
NOTES PAYABLE	NOTE 12 – NOTES PAYABLE Bank acceptance notes: December 31, 2014 2013 Due May 27, 2015 $ 1,627,075 $ - Due May 27, 2015 1,627,075 - Due May 27, 2015 1,627,075 - Due May 27, 2015 1,627,075 - Due May 11, 2015 1,627,075 - Due May 11, 2015 1,627,075 - Due April 10, 2015, subsequently repaid on due date 325,417 - Due April 9, 2015, subsequently repaid on due date 1,627,075 - Due March 25, 2015, subsequently repaid on due date 813,537 - Due March 17, 2015, subsequently repaid on due date 1,138,952 - Due March 17, 2015, subsequently repaid on due date 488,116 - Due February 28, 2015, subsequently repaid on due date 1,627,075 - Due February 27, 2015, subsequently repaid on due date 3,254,149 - Due January 31, 2015, subsequently repaid on due date 813,537 - Due January 29, 2015, subsequently repaid on due date 1,464,367 - Due January 23, 2015, subsequently repaid on due date 1,627,075 - Due January 23, 2015, subsequently repaid on due date 976,245 - Due January 21, 2015, subsequently repaid on due date 976,245 - Due January 21, 2015, subsequently repaid on due date 1,627,075 - Due Jun 27,2014, subsequently repaid on due date, - 807,194 Due Jun 18,2014, subsequently repaid on due date, - 968,632 Due Jun 17,2014, subsequently repaid on due date, - 1,614,387 Due Jun 11,2014, subsequently repaid on due date, - 1,614,387 Due Jun 5,2014, subsequently repaid on due date, - 1,614,387 Due Jun 3,2014, subsequently repaid on due date, - 1,614,387 Due May 26,2014, subsequently repaid on due date - 1,614,387 Due May 21,2014, subsequently repaid on due date - 1,614,387 Due May 21,2014, subsequently repaid on due date - 807,194 Due May 21,2014, subsequently repaid on due date - 807,194 Due May 8,2014, subsequently repaid on due date - 807,194 Due May 8,2014, subsequently repaid on due date - 807,194 Due May 8,2014, subsequently repaid on due date - 1,614,387 Due May 8,2014, subsequently repaid on due date - 6,917,657 Due May 4,2014, subsequently repaid on due date - 1,614,387 Due April 12,2014, subsequently repaid on due date - 807,194 Due April 12,2014, subsequently repaid on due date - 807,194 Due April 11,2014, subsequently repaid on due date - 1,614,387 Due March 30,2014, subsequently repaid on due date - 1,614,387 Due March 30,2014, subsequently repaid on due date - 1,614,387 Due March 13,2014, subsequently repaid on due date - 1,614,387 Due March 5,2014, subsequently repaid on due date - 1,614,387 Due March 5,2014, subsequently repaid on due date - 1,614,387 Due January 30,2014, subsequently repaid on due date - 1,130,071 Due January 25,2014, subsequently repaid on due date - 1,130,071 Due January 25,2014, subsequently repaid on due date - 1,130,071 Due January 25,2014, subsequently repaid on due date - 807,194 Due January 23,2014, subsequently repaid on due date - 1,614,387 Due January 22,2014, subsequently repaid on due date - 1,614,387 Due January 17,2014, subsequently repaid on due date - 807,194 Due January 12,2014, subsequently repaid on due date - 807,194 Due January 4,2014, subsequently repaid on due date - 1,614,387 Due January 4,2014, subsequently repaid on due date - 968,632 Due January 4,2014, subsequently repaid on due date - 645,755 Due January 4,2014, subsequently repaid on due date - 1,614,387 Due January 4,2014, subsequently repaid on due date - 968,632 Total $ 26,521,315 $ 50,990,427 The interest-free notes payable, ranging from six months to one year from the date of issuance, are secured by $ 17,572,732 31,783,670 All the notes payable are subject to bank charges of 0.05 27,906 49,233 38,421

SHORT TERM BANK LOANS

SHORT TERM BANK LOANS	12 Months Ended
	Dec. 31, 2014
SHORT TERM BANK LOANS [Abstract]
SHORT TERM BANK LOANS	NOTE 13 – SHORT TERM BANK LOANS Short-term loans are summarized as follows: Interest Rate per Annum December 31, 2014 2013 Due December 17, 2015, guaranteed by Ossen Material Research and Dr. Tang Agricultural Bank of China (“ABC”) Jiu Long Branch 7.00 % $ 3,254,149 $ - Due October 30, 2015, guaranteed by Ossen Material Research ABC Jiu Long Branch 7.80 % 813,536 - Due October 28, 2015, guaranteed by SOI Anhui Rural Commercial Bank (“ARCB”) Ma An Shan Branch 7.728 % 1,627,075 - Due October 28, 2015, guaranteed by SOI and Dr. Tang ARCB Ma An Shan Branch 7.416 % 3,254,149 - Due August 13, 2015, guaranteed by Dr. Tang China Construction Bank (“CCB”) Jiu Jiang Branch 6.00 % 4,067,686 Due June 12, 2015, guaranteed by Ossen Material Research and Dr. Tang, collateral by Accounts receivable Bank of China (“BOC”) 7.28 % 2,440,612 Due March 9, 2015, guaranteed by Ossen Material Research, Ossen Shanghai and Dr. Tang, subsequently repaid on due date China Everbright Bank (“CEB”) Ma An Shan Branch 7.28 % 1,627,075 Due January 2, 2015, subsequently repaid on due date Anhui Commercial Bank (“ACB”) Fei Cui Branch 6.60 % 1,627,075 Due December15, 2014, guaranteed by Ossen Material Research subsequently repaid on due date ABC Jiu Long Branch 7.80 % $ - $ 4,035,969 Due December 2, 2014, subsequently repaid on due date ACB Fei Cui Branch 6.60 % - 1,614,387 Due October 20, 2014, guaranteed by Ossen Material Research, Ossen Shanghai and Dr. Tang subsequently repaid on due date CEB Ma An Shan Branch 6.90 % - 1,614,387 Due October 15, 2014, collateral by Property and LUR subsequently repaid on due date ARCB Ma An Shan Branch 7.20 % - 6,457,550 Due August 22, 2014, guaranteed by Dr. Tang subsequently repaid on due date CCB Jiu Jiang Branch 6.00 % - 4,035,969 Due June 16, 2014, collateral by Accounts receivable subsequently repaid on due date Industrial and Commercial Bank of China (“ICBC”) Ma An Shan Branch 6.60 % - 1,937,265 Due May 7, 2014, guaranteed by Dr. Tang subsequently repaid on due date Bank of Communication 7.50 % - 1,614,387 Due February 7, 2014, collateral by Accounts receivable subsequently repaid on due date ICBC Ma An Shan Branch 6.60 % - 2,421,581 Due January 17, 2014, guaranteed by Ossen Material Research and Dr. Tang subsequently repaid on due date BOC Ma An Shan Branch 7.28 % - 3,228,775 Due January 9, 2014, guaranteed by Ossen Material Research, Ossen Shanghai and Dr. Tang subsequently repaid on due date CEB Ma An Shan Branch 7.54 % - 322,877 Total $ 18,711,357 $ 27,283,147 All short term bank loans are obtained from local banks in China and are repayable within one year. The weighted average annual interest rate of the short-term bank loans was 7.138% and 7.00% as of December 31, 2014 and 2013, respectively. Interest expense, included in the financial expenses in the statement of operations, was $1,943,115, $2,663,924 and $3,335,158 for the years ended December 31, 2014, 2013 and 2012, respectively. The Company was in compliance of their financial covenants at December 31, 2014 and 2013, respectively.

BOND PAYABLE

BOND PAYABLE	12 Months Ended
	Dec. 31, 2014
BOND PAYABLE [Abstract]
BOND PAYABLE	NOTE 14 – BOND PAYABLE Interest rate December 31, 2014 2013 Due September 4, 2016 10.75 % 15,972,837 - Total bond payable $ 15,972,837 $ - On September 4, 2014 100,000,000 610,571 nil nil

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2014
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION	NOTE 15 – STOCK-BASED COMPENSATION On July 26, 2010, the Company's Board of Directors adopted the 2010 Stock Option Plan, or the 2010 Plan. To date, other than the option to acquire 150,000 ordinary shares issued to our former chief financial officer (“CFO”), no shares have been issued under the 2010 Plan. The 2010 Plan will automatically terminate on the fifth anniversary of the 2010 Plan's adoption. However, outstanding stock options will continue to be effective after the 2010 Plan's termination. The Company's board of directors has the authority to amend, alter, suspend or terminate the 2010 Plan or any outstanding stock option. The consent of an option holder is necessary for any amendment that would adversely affect an outstanding option. Stock options issued to employees The Company's former CFO was granted a stock option to purchase up to 150,000 ordinary shares pursuant to the Company's 2010 Plan. 150,000 shares were forfeited as of December 31, 2013. The Company calculated the estimated fair value of the options of the grant date using the Black-Scholes Option Pricing Model with the following assumptions: Grant Date October 26, Risk-free interest rate 1.93 % Expected term 5.0 Expected volatility 40.98 % Expected dividend yield 0.00 % Fair value of share option 1.41 The model requires the input of subjective assumptions including the expected stock price volatility and the expected dividend yield. The Company uses historical experience of employee turnover and future expectation to estimate forfeiture rate. For expected volatilities, the Company has made reference to historical volatilities of the Company's stock. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury Bills yield in effect at the time of grant. The total fair value of the options granted to employees at the respective grant dates was $ 211,500 86,799 The former CFO's option was forfeited on May 31, 2013, three months after the termination date of the CFO on February 28, 2013. The following table summarizes the stock option activities of the Company: Activity Weighted Average Outstanding as of January 1, 2013 150,000 $ 5.00 Exercised - - Cancelled/Forfeited 150,000 5.00 Outstanding as of December 31, 2013 - - Exercised - - Cancelled/Forfeited - - Outstanding as of December 31, 2014 - $ -

EARNINGS PER SHARES

EARNINGS PER SHARES	12 Months Ended
	Dec. 31, 2014
EARNINGS PER SHARES [Abstract]
EARNINGS PER SHARES	NOTE 16 – EARNINGS PER SHARES Basic earnings per share are computed by dividing income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per ordinary share reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. The following table sets forth the computation of basic and diluted earnings per share for the periods indicated: December 31, 2014 2013 2012 Net income attribute to the Company $ 3,858,876 $ 3,643,404 $ 2,381,279 Weighted average ordinary shares outstanding - basic and diluted 19,901,959 19,901,959 19,942,333 Basic and diluted earnings per share $ 0.19 $ 0.18 $ 0.12

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2014
INCOME TAX [Abstract]
INCOME TAX	NOTE 17 – INCOME TAX BVI Ossen Innovation Co., Ltd, Ossen Innovation Group, Ossen Asia and Topchina are registered in the British Virgin Island and are exempt from income tax. The PRC According to the relevant laws and regulations in the PRC, foreign invested enterprises established prior to January 1, 2008 are entitled to full exemption from income tax for two years beginning with the first year in which such enterprise is profitable and a 50% income tax reduction for the subsequent three years. Ossen Materials was entitled to an exemption during the two years ended December 31, 2006 and was subject to a 50% income tax reduction during the three years ended December 31, 2009. Starting from January 1, 2010, Ossen Materials enjoys a tax rate of 15% as it is considered as a High and New Technology Enterprise by the PRC government. Ossen Jiujiang was entitled to the CIT exemption during the two years ended December 31, 2008, was subject to a 50% income tax reduction during the three years ended December 31, 2011. Starting from January 1, 2012, Ossen Jiujiang enjoys a tax rate of 15% as it is considered as a High and New Technology Enterprise by the PRC government. Enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC territory are considered PRC resident enterprises and subject to the PRC income tax at the rate of 25% on worldwide income. The definition of “place of effective management" refers to an establishment that exercises, in substance, overall management and control over the production and business, personnel, accounting, properties, etc. of an enterprise. As of December 31, 2014, no detailed interpretation or guidance has been issued to define “place of effective management”. Furthermore, as of December 31, 2013, the administrative practice associated with interpreting and applying the concept of “place of effective management” is unclear. If the Company's non-PRC incorporated entities are deemed PRC tax residents, such entities would be subject to PRC tax The Company has analyzed the applicability of this law, as of December 31, 2014, and the Company has not accrued for PRC tax on such basis. The Company will continue to monitor changes in the interpretation or guidance of this law. PRC tax law also imposes a 10% withholding income tax, subject to reduction based on tax treaty where applicable, for dividends distributed by a foreign invested enterprise to its immediate holding company outside China. Such dividends were exempted from PRC tax under the previous income tax law and regulations. The foreign invested enterprise is subject to the withholding tax starting from January 1, 2008. There were no dividends distributed in the years ended December 31, 2014 and 2013. Income tax expenses consist of the following: Year Ended December 31, 2014 2013 2012 Current $ 745,338 $ 1,224,430 $ 696,694 Deferred (166,611 ) (5,400 ) (139,266 ) Income tax expenses $ 578,727 $ 1,219,030 $ 557,428 Reconciliation from the expected income tax expenses calculated with reference to the statutory tax rate in the PRC of 25 Year Ended December 31, 2014 2013 2012 Computed "expected" income tax expenses $ 1,178,571 $ 1,322,219 $ 818,452 Effect on tax incentive / holiday (726,615 ) (645,720 ) (383,472 ) Non-deductable expense 126,771 542,531 122,448 Income tax expenses $ 578,727 $ 1,219,030 $ 557,428 Components of net deferred tax assets are as follows: December 31, 2014 2013 2012 Provision of doubtful accounts $ 281,150 $ 200,427 $ 191,564 Provision of interest expense 87,455 - - $ 368,605 $ 200,427 $ 191,564 The deferred tax assets balance of $368,605, $200,427 and $191,564 at December 31, 2014, 2013 and 2012 respectively are included in Other Current Assets in the accompanying consolidated balance sheets.

GEOGRAPHICAL SALES AND SEGMENTS

GEOGRAPHICAL SALES AND SEGMENTS	12 Months Ended
	Dec. 31, 2014
GEOGRAPHICAL SALES AND SEGMENTS [Abstract]
GEOGRAPHICAL SALES AND SEGMENTS	NOTE 18 – GEOGRAPHICAL SALES AND SEGMENTS Information for the Company's sales by geographical area for the years ended December 31, 2014, 2013 and 2012 are as follows: Year Ended December 31, 2014 2013 2012 Domestic Sales $ 115,256,175 $ 107,273,543 $ 111,925,870 International Sales 8,315,280 6,618,446 10,472,016 $ 123,571,455 $ 113,891,989 $ 122,397,886 The Company operates one business segment for the years ended December 31, 2014, 2013 and 2012.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 19 – SUBSEQUENT EVENTS We have evaluated all events or transactions that occurred after December 31, 2014 up through the date we issued the consolidated financial statements. On May 6, 2015, the Company announced a share repurchase program for up to a total of 500,000 61,263

SCHEDULE I (Condensed Financial

SCHEDULE I (Condensed Financial Information of Parent Company)	12 Months Ended
	Dec. 31, 2014
SCHEDULE I [Abstract]
SCHEDULE I (Condensed Financial Information of Parent Company)	OSSEN INNOVATION CO., LTD. AND SUBSIDIARIES SCHEDULE I CONDENSED PARENT COMPANY FINANCIAL INFORMATION OSSEN INNOVATION CO., LTD CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2014 AND 2013 December,31 2014 2013 ASSETS Current Assets Cash $ 23,762 $ 19,171 Accounts receivable from related party 20,000,000 20,000,000 Total Current Assets 20,023,762 20,019,171 Long term investment in subsidiaries 73,371,675 68,532,006 TOTAL ASSETS $ 93,395,437 $ 88,551,177 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Other payables and accrued liabilities $ 802,059 $ 645,810 Due to shareholder 100,000 50,000 Total Current Liabilities 902,059 695,810 TOTAL LIABILITIES $ 902,059 $ 695,810 EQUITY Shareholders' Equity Share Capital $ 200,000 $ 200,000 Additional paid-in capital 33,971,455 33,971,455 Statutory reserve 5,021,752 4,615,699 Retained earnings 44,971,082 41,518,259 Accumulated other comprehensive income 8,425,697 7,646,562 Treasury stock (96,608 ) (96,608 ) TOTAL SHAREHOLDERS' EQUITY 92,493,378 87,855,367 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 93,395,437 $ 88,551,177 FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012 Year Ended December,31 2014 2013 2012 REVENUES - - - COST OF GOODS SOLD - - - GROSS PROFIT - - - Selling expenses - - - General and administrative expenses (201,439 ) (722,695 ) (473,060 ) Total Operating Expenses (201,439 ) (722,695 ) (473,060 ) LOSS FROM OPERATIONS (201,439 ) (722,695 ) (473,060 ) Financial expenses, net (219 ) (263 ) (619 ) Investment in subsidiaries 4,060,534 4,366,362 2,854,958 INCOME BEFORE INCOME TAX 3,858,876 3,643,404 2,381,279 INCOME TAX - - - NET INCOME 3,858,876 3,643,404 2,381,279 OTHER COMPREHENSIVE INCOME Foreign currency translation gain 779,135 1,647,348 703,573 TOTAL OTHER COMPREHENSIVE INCOME 779,135 1,647,348 703,573 COMPREHENSIVE INCOME 4,638,011 5,290,752 3,084,852 CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2014, 2013 AND 2012 Year Ended December,31 2014 2013 2012 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 3,858,876 $ 3,643,404 $ 2,381,279 Adjustments to reconcile net income to net cash provided by operating activities: Equity in earnings of subsidiaries (4,060,534 ) (4,366,362 ) (2,854,958 ) Other payables and accrued liabilities 156,249 645,810 - Due to shareholder 50,000 50,000 - Net cash provided by / (used in) operating activities 4,591 (27,148 ) (473,679 ) CASH FLOWS FROM INVESTING ACTIVITIES: Net cash provided by / (used in) investing activities - - - CASH FLOWS FROM FINANCING ACTIVITIES: Treasury stock purchased - - (96,608 ) Net cash provided by / (used in) financing activities - - (96,608 ) INCREASE / (DECREASE) IN CASH 4,591 (27,148 ) (570,287 ) Effect of exchange rate changes on cash - (49 ) 1 Cash at beginning of period 19,171 46,368 616,654 CASH AT END OF PERIOD $ 23,762 $ 19,171 $ 46,368

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Ossen Innovation Co., Ltd. and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Intercompany accounts and transactions have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated and combined financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from those estimates.
Non-controlling Interest	Non-controlling Interest Non-controlling interests in the Company's subsidiaries are recorded in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 810 Consolidation (“ASC 810”) and are reported as a component of equity, separate from the parent's equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
Foreign Currency Translation	Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollars (“US$” or “$”). The functional currency of the Company is Renminbi (“RMB”). The consolidated financial statements are translated into United States dollars from RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The resulting transaction adjustments are recorded as a component of shareholders' equity. Gains and losses from foreign currency transactions are included in net income. 2014 2013 2012 Year end RMB: US$ exchange rate 6.1460 6.1943 6.3086 Average yearly RMB: US$ exchange rate 6.1457 6.1122 6.3116 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.
Revenue Recognition	Revenue Recognition In accordance with the ASC Topic 605, “Revenue Recognition”, the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller's price to the buyer is fixed or determinable, and collectability is reasonable assured. The Company derives revenues from the processing, distribution and sale of own products. The Company recognizes its revenues net of value-added taxes (“VAT”). The Company is subject to VAT which is levied on the rate of 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales. The Company will recognize revenue for domestic sales based on the terms defined in the contract as long as risk of loss has transferred to the customers and each of the criteria under ASC 605 have been met. Contracts terms may require the Company to deliver the finished goods to the customers' location or the customer may pick up the finished goods at the Company's factory. International sales are recognized when shipment clears customs and leaves the port. The Company also derives an insignificant amount of revenue from providing services to select customers. Service revenues account for less than 2% of total revenues for all periods presented and is recognized upon delivery and acceptance of the finished products by the customer, or when pick up occurs. Contracts with distributors do not offer any chargeback or price protection. The Company experienced no product returns and recorded no reserve for sales returns for the years ended December 31, 2014, 2013 and 2012.
Cost of Sales	Cost of Sales Cost of revenue includes direct and indirect production costs, as well as freight in and handling costs for products sold.
Selling Expense	Selling Expenses Selling expenses include operating expenses such as sales commissions, payroll, traveling expenses, transportation expenses and advertising expenses.
General and Administrative ("G&A") Expenses	General and Administrative (“G&A”) Expenses General and administrative expenses include management and office salaries and employee benefits, deprecation for office facility and office equipment, travel and entertainment, legal and accounting, consulting fees and other office expenses.
Research and Development	Research and Development Research and development costs are expensed as incurred and totaled approximately $ 3,914,918 1,260,440 1,132,256
Retirement Benefits	Retirement Benefits Retirement benefits in the form of contributions under defined contribution retirement plans to the relevant authorities are charged to operations as incurred. Retirement benefits of $ 193,182 198,019 213,617
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation includes 1) stock options and common stock awards granted to employees and directors for services, and are accounted for under FASB ASC 718 “Compensation - Stock Compensation”, and 2) common stock awards granted to consultants which are accounted for under FASB ASC 505-50 “Equity - Equity-Based Payments to Non-Employees”. Common stock awards are granted to directors for services provided. All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital. Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service. The Company does not have significant grants to consultants for any of the period presented. The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company's common stock on the date of grant. The fair value of stock options is estimated using the Black-Scholes model. The Company's expected volatility assumption is based on the historical volatility of the Company's stock. The expected life assumption is presumed to be the mid-point between the vesting date and the end of the contractual term, as is permitted for “plain vanilla” employee stock options. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. FASB ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in the subsequent period if actual forfeitures differ from initial estimates. Forfeiture rate is estimated based on historical and future expectation of employee turnover rate and are adjusted to reflect future change in circumstances and facts, if any. Share-based compensation expense is recorded net of estimated forfeitures such that expense was recorded only for those stock options and common stock awards that are expected to vest.
Income Taxes	Income Taxes The Company accounts for income taxes following the liability method pursuant to FASB ASC 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in income in the period that includes the enactment date. The Company also follows FASB ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2014, the Company did not have a liability for unrecognized tax benefits. The Company has not provided for income taxes on accumulated earnings amounting $ 44,971,082
Value-Added Tax ("VAT")	Value-Added Tax (“VAT”) Enterprises or individuals, who sell commodities, engage in repair and maintenance or import or export goods in the PRC are subject to a value added tax in accordance with Chinese Laws. The VAT standard rate is 17
Statutory Reserve	Statutory Reserve In accordance with the PRC Regulations on Enterprises with Foreign Investment, an enterprise established in the PRC with foreign investment is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise's PRC statutory accounts. A wholly-owned foreign enterprise (“WOFE”) is required to allocate at least 10% of its annual after-tax profit to the General Reserve Fund until the balance of such fund has reached 50% of its respective registered capital. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. Appropriations to the Enterprise Expansion Fund and Staff Welfare and Bonus Fund are at the discretion of the board of directors for all foreign invested enterprises. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. As a result, $ 406,053 436,672 294,219
Comprehensive Income	Comprehensive Income Comprehensive income is defined as the change in equity during the year from transactions and other events, excluding the changes resulting from investments by owners and distributions to owners, and is not included in the computation of income tax expense or benefit. Accumulated comprehensive income consists of foreign currency translation. The Company presents comprehensive income (loss) in accordance with ASC Topic 220, “Comprehensive Income”. ASC Topic 220 states that all items that are required to be recognized under accounting standards as components of comprehensive income (loss) be reported in the consolidated financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents For financial reporting purposes, the Company considers all highly liquid investments purchased with original maturity of three months or less to be cash equivalents. The Company maintains no bank account in the United States of America. The Company maintains its bank accounts in Mainland China and Hong Kong. Balances at financial institutions or state-owned banks within the Mainland China are not covered by insurance. However, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. According to the rules of Hong Kong Deposit Protection Board, in case a member bank of Deposit Protection Scheme (“DPS”) fails, the DPS will pay compensation up to a maximum of HK$ 500,000
Restricted Cash	Restricted Cash Restricted cash represents amounts held by a bank as security for bank acceptance notes and therefore is not available for the Company's use until such time as the bank acceptance notes have been fulfilled or expired, normally within twelve month period.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company applies the provisions of ASC 820, Fair Value Measurements and Disclosures • Level 1—defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; The company's financial instruments primarily consist of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, accounts payable, other payables and accrued liabilities, short-term bank loans, and bond payable. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, and other current assets and liabilities approximate fair value because of the short term nature of these items. The estimated fair values of short-term bank loans were not materially different from their carrying value as presented due to the short maturities and that the interest rates on the borrowing approximate those that would have been available for loans of similar remaining maturity and risk profile. As the carrying amounts are reasonable estimates of the fair value, these financial instruments are classified within Level 1 of the fair value hierarchy. Bond payable is a financial instrument whose value is determined by unobservable inputs in which little market data exists. As the Company is required to develop its own assumptions, bond payable is classified within Level 3 of the fair value hierarchy. The balance of bond payable, which was measured and disclosed at fair value, was 15,972,837 nil
Earnings per share	Earnings per share The Company calculates earnings per share in accordance with ASC Topic 260, “Earnings per Share.” Basic earnings per share is computed by dividing the net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.
Accounts Receivable	Accounts Receivable Accounts receivable are carried at net realizable value. The Company reviews its accounts receivables on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, customer's historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection. If accounts receivable are to be provided for, or written off, they would be recognized in the consolidated statement of operations within operating expenses. Balance of allowance of doubtful accounts was $ 1,874,330 1,336,177
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, which is based on estimated selling prices less any further costs expected to be incurred for completion and disposal. Cost of raw materials is calculated using the weighted average method and is based on purchase cost. Work-in-progress and finished goods costs are determined using the weighted average method and comprise direct materials, direct labor and an appropriate proportion of overhead. At December 31, 2014 and 2013, the Company has no reserve for inventories.
Advance to Suppliers	Advance to Suppliers Advance to Suppliers represents interest-free cash paid in advance to suppliers for purchases of raw materials. The balance of advance to suppliers was $ 56,327,390 50,614,815 29,692,902 18,899,528 7,734,960
Customer Deposits	Customer Deposit Customer deposits consist of amounts paid to the Company in advance for the sale of products in the PRC. The Company receives these amounts and recognizes them as a current liability until the revenue can be recognized when the goods are delivered. The balance of customer deposits was $ 588,005 2,908,271
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment are stated at cost less accumulated depreciation, and include expenditure that substantially increases the useful lives of existing assets. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives are as follows: Plant, buildings and improvements 5 20 Machinery and equipment 5 20 Motor vehicles 5 Office Equipment 5 10 When assets are sold or retired, their costs and accumulated depreciation are eliminated from the consolidated financial statements and any gain or loss resulting from their disposal is recognized in the period of disposition as an element of other income. The cost of maintenance and repairs is charged to income as incurred, whereas significant renewals and betterments are capitalized.
Land Use Rights	Land Use Rights According to the PRC laws, the government owns all the land in the PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. The land use rights granted to the Company are being amortized using the straight-line method over the lease term of fifty years.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable in accordance with FASB ASC 360, “Property, Plant and Equipment”. In evaluating long-lived assets for recoverability, the Company uses its best estimate of future cash flows expected to result from the use of the asset and eventual disposition in accordance with FASB ASC 360-10-15. To the extent that estimated future, undiscounted cash inflows attributable to the asset, less estimated future, undiscounted cash outflows, are less than the carrying amount, an impairment loss is recognized in an amount equal to the difference between the carrying value of such asset and its fair value. Assets to be disposed of and for which there is a committed plan of disposal, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. No impairment loss is subsequently reversed even if facts and circumstances indicate recovery. There was no impairment loss recognized for the years ended December 31, 2014, 2013 and 2012.
Related Party	Related Party In general, related parties exist when there is a relationship that offers the potential for transactions at less than arm's-length, favorable treatment, or the ability to influence the outcome of events different from that which might result in the absence of that relationship. A related party may be any of the followings: a) affiliate, a party that directly or indirectly controls, is controlled by, or is under common control with another party; b) principle owner, the owner of record or known beneficial owner of more than 10% of the voting interest of an entity; c) management, persons having responsibility for achieving objectives of the entity and requisite authority to make decision; d) immediate family of management or principal owners; e) a parent company and its subsidiaries; d) other parties that has ability to significant influence the management or operating policies of the entity. FASB issued authoritative guidance that clarifies considerations relating to the consolidation of certain entities. The guidance requires identification of the Company's participation in variable interest entities (“VIE”), which are defined as entities with a level of invested equity that is not sufficient to fund future activities to permit them to operation on a standalone basis, or whose equity holders lack certain characteristics of a controlling financial interest. That, for entities identified as a VIE, the guidance sets forth a model to evaluate potential consolidation based on a assessment of which party to a VIE, if any, bears a majority of the exposure to expected losses, or stand to gain from majority of its expected returns. The guidance also sets forth certain disclosure regarding interests in a VIE that are deemed significant even if consolidation is not required. This item is discussed in further detail in Note 10 – Related Party Transactions.
Economic and Political Risks	Economic and Political Risks The Company's operations are conducted in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company's operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.
Exchange Risk	Exchange Risk The Company cannot guarantee that the current exchange rate will remain steady, therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of a fluctuating exchange rate actually post higher or lower profit depending on exchange rate of PRC Renminbi (RMB) converted to U.S. dollars on the date. The exchange rate could fluctuate depending on changes in the political and economic environments without notice.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 will eliminate transaction-specific and industry-specific revenue recognition guidance under current US GAAP and replace it with a principle-based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 and the effect of the standard on our ongoing financial reporting. In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-12 (“ASU 2014-12”), “Compensation—Stock Compensation (Topic 718) - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period. For all entities, the amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. The Company is currently evaluating the impact of adopting this Update on its financial statements. In August 2014, the FASB issued Accounting Standards Update No. 2014-15, “Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern”, which will explicitly require management to assess an entity's ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. Currently, there is no guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments should reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term “substantial doubt”, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management's plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for the first annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of adopting this update on its financial statements. In January 2015, the FASB issued Accounting Standards Update No. 2015-01, “Income Statement-Extraordinary and Unusual Items (Subtopic 225-20)”, which simplifies income statement presentation by eliminating the concept of an extraordinary item. As a result, entities will no longer segregate an extraordinary item from the results of ordinary operations; separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; and disclose income taxes and earnings per share data applicable to an extraordinary item. The guidance is effective for the Company beginning the first quarter of fiscal 2017 with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on our consolidated financial position, results of operations, or cash flows.

ORGANIZATION AND PRINCIPAL AC28

ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2014
ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]
Summary of Subsidiary Information	Name Domicile and Date Paid-in Capital Percentage Principal Ossen Innovation Materials Group, Co., Ltd. (“Ossen Innovation Group”) BVI USD - 100 % Investments holdings Ossen Group (Asia) Co., Ltd. ("Ossen Asia") BVI USD - 100 % Investments holdings Topchina Development Group Ltd. ("Topchina") BVI USD - 100 % Investments holdings Ossen Innovation Materials Co., Ltd. ("Ossen Meterials") The PRC RMB 75,000,000 81 % Design, engineering, manufacture and sale Ossen (Jiujiang) Innovation Materials Co., Ltd. (Formerly Ossen (Jiujiang) Steel Wire & Cable Co., Ltd. ) ("Ossen Jiujiang") The PRC RMB 183,271,074 96.11 % Design, engineering, manufacture and sale

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Schedule of Foreign Currency Balances	2014 2013 2012 Year end RMB: US$ exchange rate 6.1460 6.1943 6.3086 Average yearly RMB: US$ exchange rate 6.1457 6.1122 6.3116

CONCENTRATION (Tables)

CONCENTRATION (Tables)	12 Months Ended
	Dec. 31, 2014
CONCENTRATION [Abstract]
Schedule of Major Customer Concentration	Year ended December 31, 2014 2013 2012 Major customers with revenues of more than 10% of the Company's sales Company A (3 rd $ - - $ 18,570,574 16 % $ 47,193,174 39 % Company B (3 rd - - - - 25,522,442 21 % Company C (3 rd 17,880,306 14 % 12,368,270 11 % - - Company D (3 rd - - 11,380,839 10 % - - Company E rd Party) 24,915,113 20 % - - - - Company F rd Party) 20,361,459 17 % - - - - Company G rd Party) 15,503,953 13 % - - - - Total Revenues $ 78,660,831 64 % $ 42,319,683 37 % $ 72,715,616 60 %
Schedule of Supplier Concentration	Year ended December 31, 2014 2013 2012 Major suppliers with purchases of more than 10% of the Company's purchases Company X (3 rd $ 20,021,833 19 % $ - - $ 39,484,102 44 % Company Y (3 rd 54,268,855 51 % 32,748,784 32 % - - Company Z (3 rd - - 47,407,595 46 % 30,028,975 33 % Company U (3 rd - - - - 11,010,434 12 % Company V rd Party) 12,919,182 12 % - - - - Total Purchase $ 87,209,870 82 % $ 80,156,379 78 % $ 80,523,511 89 %

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2014
ACCOUNTS RECEIVABLE [Abstract]
Schedule of Accounts Receivable	December 31, 2014 2013 Accounts receivable $ 55,638,744 $ 49,536,253 Less: allowance for doubtful accounts (1,874,330 ) (1,336,177 ) Accounts receivable, net $ 53,764,414 $ 48,200,076
Schedule of Allowance for Doubtful Accounts	December 31, 2014 2013 Beginning balance $ 1,336,177 $ 1,277,091 Provision/(Reverse) for doubtful accounts 538,153 59,086 Ending balance $ 1,874,330 $ 1,336,177

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2014
INVENTORIES [Abstract]
Schedule of Inventories	December 31, 2014 2013 Raw materials $ 16,521,066 $ 12,785,087 Work-in-progress 153,666 144,158 Finished goods 3,463,169 5,821,525 Inventories $ 20,137,901 $ 18,750,770

NOTES RECEIVABLE (Tables)

NOTES RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2014
NOTES RECEIVABLE [Abstract]
Schedule of Notes Receivable	Bank acceptance notes: December 31, 2014 2013 Due June 25, 2015 $ 325,414 $ - Due April 30, 2015 1,627,075 - Due April 16, 2015, subsequently settled on due date 1,627,075 - Due March 26, 2015, subsequently settled on due date 1,464,366 - Due March 10, 2015, subsequently settled on due date 1,627,075 - Due February 28, 2015, subsequently settled on due date 1,627,075 - Due January 17, 2015, subsequently settled on due date 1,627,075 - Due May 21, 2014, subsequently settled on due date $ - $ 161,439 Due May 11, 2014, subsequently settled on due date - 80,719 Due May 11, 2014, subsequently settled on due date - 80,719 Due March 12, 2014, subsequently settled on due date - 1,452,948 Due March 9, 2014, subsequently settled on due date - 322,878 Due March 9, 2014, subsequently settled on due date - 322,878 Total $ 9,925,155 $ 2,421,581

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2014
OTHER CURRENT ASSETS [Abstract]
Schedule of Other Current Assets	December 31, 2014 2013 Refundable deposits with suppliers $ - $ 2,784,818 Deposits for open project bids 48,812 129,151 VAT deductible 61,959 298,056 Guarantee fee 406,769 - Other receivables 428,779 235,861 $ 946,319 $ 3,447,886

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2014
PROPERTY, PLANT AND EQUIPMENT [Abstract]
Schedule of Property, Plant and Equipment	December 31, 2014 2013 At Cost: Plant and buildings $ 4,348,977 $ 4,315,067 Machinery and equipment 15,616,293 15,455,062 Motor vehicles 322,115 323,370 Office equipment 121,022 117,228 20,408,407 20,210,727 Less: Accumulated depreciation Plant and buildings (2,149,753 ) (1,880,230 ) Machinery and equipment (10,715,803 ) (9,482,821 ) Motor vehicles (294,729 ) (280,778 ) Office equipment (112,267 ) (108,777 ) (13,272,552 ) (11,752,606 ) Construction- in-progress 38,791 - Property, plant and equipment, net $ 7,174,646 $ 8,458,121

LAND USE RIGHTS (Tables)

LAND USE RIGHTS (Tables)	12 Months Ended
	Dec. 31, 2014
LAND USE RIGHTS [Abstract]
Schedule of Land Use Rights	December 31, 2014 2013 Cost of land use rights $ 5,013,824 $ 4,974,729 Less: Accumulated amortization (782,476 ) (676,880 ) Land use rights, net $ 4,231,348 $ 4,297,849
Schedule of Future Amortization Expense	2015 $ 100,276 2016 100,276 2017 100,276 2018 100,276 2019 100,276 Thereafter 3,729,968 Total $ 4,231,348

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2014
RELATED PARTY TRANSACTIONS [Abstract]
Schedule of Amounts Due to Related Parties	December 31, 2014 2013 Due to related party: Ossen Material Research $ 69,469 16,911 $ 69,469 16,911 December 31, 2014 2013 Due to shareholder: Dr. Tang $ 100,000 $ 50,000 $ 100,000 $ 50,000
Summary of Related Party Transactions	December 31, 2014 2013 2012 Ossen Material Research provided guarantee for the bank loans borrowed by the Company $ 813,536 $ 4,035,969 $ 9,985,370 Ossen Material Research provided guarantee together with SOI for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 Ossen Material Research provided guarantee together with Ossen Shanghai and Dr. Tang for the short-term bank loans borrowed by the Company 1,627,075 1,937,265 - Ossen Material Research Ossen Material Research provided guarantee together with Zhaoyang for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 Ossen Material Research provided guarantee together with Dr. Tang for the short-term bank loans borrowed by the Company $ 5,694,761 $ 3,228,775 $ 11,095,964 Ossen Material Research provided guarantee for the notes payable issued by the bank $ 14,806,378 $ 3,228,775 $ 22,984,497 Ossen Material Research provided guarantee together with Zhaoyang for the notes payable issued by the bank $ - $ - $ 3,170,275 The Company provided guarantee for the short-term bank loans borrowed by Ossen Material Research $ 4,881,224 $ 4,843,162 $ - Ossen Material Research sold raw materials to the Company $ - $ 2,056,102 $ 2,999,097 SOI provided guarantee for the short-term bank loans borrowed by the Company $ 1,627,075 $ - $ 3,170,275 SOI SOI provided guarantee together with Ossen Material Research for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 SOI provided guarantee together with Dr. Tang for the short-term bank loans borrowed by the Company $ 3,254,149 $ - $ - Ossen Shanghai Ossen Shanghai provided guarantee together with Ossen Material Research and Dr. Tang for the short-term bank loans borrowed by the Company $ 1,627,075 $ 1,937,265 $ - Zhaoyang Zhaoyang provided guarantee together with Ossen Material Research for the short-term bank loans borrowed by the Company $ - $ - $ 4,755,413 Zhaoyang provided guarantee together with Ossen Material Research for the notes payable issued by the bank $ - $ - $ 3,170,275 Zhaoyang purchased products from the Company $ - $ 5,148,724 $ 7,136,843 Shanghai Zhaoyang New Metal Material Co., Ltd. (“Zhaoyang”) was no longer the Company's related party following the Stock Transfer Agreement signed on March 31, 2013 with 30 Shanghai Pujiang The Company provided guarantee for the short-term bank loans borrowed by Shanghai Pujiang $ 15,457,208 $ 11,300,712 $ 15,851,377 The Company provided guarantee for the notes payable issued by Shanghai Pujiang $ 21,314,676 $ 17,550,330 $ 12,866,563 Zhejiang Zhejiang Pujiang purchased products from the Company $ - $ - $ 440,107

OTHER PAYABLES AND ACCRUED EX38

OTHER PAYABLES AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2014
OTHER PAYABLES AND ACCRUED EXPENSES [Abstract]
Schedule of Other Payables and Accrued Expenses	December 31, 2014 2013 Other taxes payable $ 155,354 $ 405,705 Accrued payroll & welfare 35,110 18,119 Accrued expense & liability 802,059 645,810 Deposits of purchasing materials - 477,859 Interest payable 583,035 - Others 47,400 2,255 $ 1,622,958 $ 1,549,748

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2014
NOTES PAYABLE [Abstract]
Schedule of Notes Payable	December 31, 2014 2013 Due May 27, 2015 $ 1,627,075 $ - Due May 27, 2015 1,627,075 - Due May 27, 2015 1,627,075 - Due May 27, 2015 1,627,075 - Due May 11, 2015 1,627,075 - Due May 11, 2015 1,627,075 - Due April 10, 2015, subsequently repaid on due date 325,417 - Due April 9, 2015, subsequently repaid on due date 1,627,075 - Due March 25, 2015, subsequently repaid on due date 813,537 - Due March 17, 2015, subsequently repaid on due date 1,138,952 - Due March 17, 2015, subsequently repaid on due date 488,116 - Due February 28, 2015, subsequently repaid on due date 1,627,075 - Due February 27, 2015, subsequently repaid on due date 3,254,149 - Due January 31, 2015, subsequently repaid on due date 813,537 - Due January 29, 2015, subsequently repaid on due date 1,464,367 - Due January 23, 2015, subsequently repaid on due date 1,627,075 - Due January 23, 2015, subsequently repaid on due date 976,245 - Due January 21, 2015, subsequently repaid on due date 976,245 - Due January 21, 2015, subsequently repaid on due date 1,627,075 - Due Jun 27,2014, subsequently repaid on due date, - 807,194 Due Jun 18,2014, subsequently repaid on due date, - 968,632 Due Jun 17,2014, subsequently repaid on due date, - 1,614,387 Due Jun 11,2014, subsequently repaid on due date, - 1,614,387 Due Jun 5,2014, subsequently repaid on due date, - 1,614,387 Due Jun 3,2014, subsequently repaid on due date, - 1,614,387 Due May 26,2014, subsequently repaid on due date - 1,614,387 Due May 21,2014, subsequently repaid on due date - 1,614,387 Due May 21,2014, subsequently repaid on due date - 807,194 Due May 21,2014, subsequently repaid on due date - 807,194 Due May 8,2014, subsequently repaid on due date - 807,194 Due May 8,2014, subsequently repaid on due date - 807,194 Due May 8,2014, subsequently repaid on due date - 1,614,387 Due May 8,2014, subsequently repaid on due date - 6,917,657 Due May 4,2014, subsequently repaid on due date - 1,614,387 Due April 12,2014, subsequently repaid on due date - 807,194 Due April 12,2014, subsequently repaid on due date - 807,194 Due April 11,2014, subsequently repaid on due date - 1,614,387 Due March 30,2014, subsequently repaid on due date - 1,614,387 Due March 30,2014, subsequently repaid on due date - 1,614,387 Due March 13,2014, subsequently repaid on due date - 1,614,387 Due March 5,2014, subsequently repaid on due date - 1,614,387 Due March 5,2014, subsequently repaid on due date - 1,614,387 Due January 30,2014, subsequently repaid on due date - 1,130,071 Due January 25,2014, subsequently repaid on due date - 1,130,071 Due January 25,2014, subsequently repaid on due date - 1,130,071 Due January 25,2014, subsequently repaid on due date - 807,194 Due January 23,2014, subsequently repaid on due date - 1,614,387 Due January 22,2014, subsequently repaid on due date - 1,614,387 Due January 17,2014, subsequently repaid on due date - 807,194 Due January 12,2014, subsequently repaid on due date - 807,194 Due January 4,2014, subsequently repaid on due date - 1,614,387 Due January 4,2014, subsequently repaid on due date - 968,632 Due January 4,2014, subsequently repaid on due date - 645,755 Due January 4,2014, subsequently repaid on due date - 1,614,387 Due January 4,2014, subsequently repaid on due date - 968,632 Total $ 26,521,315 $ 50,990,427

SHORT TERM BANK LOANS (Tables)

SHORT TERM BANK LOANS (Tables)	12 Months Ended
	Dec. 31, 2014
SHORT TERM BANK LOANS [Abstract]
Schedule of Short Term Bank Loans	Interest Rate per Annum December 31, 2014 2013 Due December 17, 2015, guaranteed by Ossen Material Research and Dr. Tang Agricultural Bank of China (“ABC”) Jiu Long Branch 7.00 % $ 3,254,149 $ - Due October 30, 2015, guaranteed by Ossen Material Research ABC Jiu Long Branch 7.80 % 813,536 - Due October 28, 2015, guaranteed by SOI Anhui Rural Commercial Bank (“ARCB”) Ma An Shan Branch 7.728 % 1,627,075 - Due October 28, 2015, guaranteed by SOI and Dr. Tang ARCB Ma An Shan Branch 7.416 % 3,254,149 - Due August 13, 2015, guaranteed by Dr. Tang China Construction Bank (“CCB”) Jiu Jiang Branch 6.00 % 4,067,686 Due June 12, 2015, guaranteed by Ossen Material Research and Dr. Tang, collateral by Accounts receivable Bank of China (“BOC”) 7.28 % 2,440,612 Due March 9, 2015, guaranteed by Ossen Material Research, Ossen Shanghai and Dr. Tang, subsequently repaid on due date China Everbright Bank (“CEB”) Ma An Shan Branch 7.28 % 1,627,075 Due January 2, 2015, subsequently repaid on due date Anhui Commercial Bank (“ACB”) Fei Cui Branch 6.60 % 1,627,075 Due December15, 2014, guaranteed by Ossen Material Research subsequently repaid on due date ABC Jiu Long Branch 7.80 % $ - $ 4,035,969 Due December 2, 2014, subsequently repaid on due date ACB Fei Cui Branch 6.60 % - 1,614,387 Due October 20, 2014, guaranteed by Ossen Material Research, Ossen Shanghai and Dr. Tang subsequently repaid on due date CEB Ma An Shan Branch 6.90 % - 1,614,387 Due October 15, 2014, collateral by Property and LUR subsequently repaid on due date ARCB Ma An Shan Branch 7.20 % - 6,457,550 Due August 22, 2014, guaranteed by Dr. Tang subsequently repaid on due date CCB Jiu Jiang Branch 6.00 % - 4,035,969 Due June 16, 2014, collateral by Accounts receivable subsequently repaid on due date Industrial and Commercial Bank of China (“ICBC”) Ma An Shan Branch 6.60 % - 1,937,265 Due May 7, 2014, guaranteed by Dr. Tang subsequently repaid on due date Bank of Communication 7.50 % - 1,614,387 Due February 7, 2014, collateral by Accounts receivable subsequently repaid on due date ICBC Ma An Shan Branch 6.60 % - 2,421,581 Due January 17, 2014, guaranteed by Ossen Material Research and Dr. Tang subsequently repaid on due date BOC Ma An Shan Branch 7.28 % - 3,228,775 Due January 9, 2014, guaranteed by Ossen Material Research, Ossen Shanghai and Dr. Tang subsequently repaid on due date CEB Ma An Shan Branch 7.54 % - 322,877 Total $ 18,711,357 $ 27,283,147

BOND PAYABLE (Tables)

BOND PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2014
BOND PAYABLE [Abstract]
Schedule of Long Term Bank Loans	Interest rate December 31, 2014 2013 Due September 4, 2016 10.75 % 15,972,837 - Total bond payable $ 15,972,837 $ -

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2014
STOCK-BASED COMPENSATION [Abstract]
Schedule of Assumptions Used to Estimate Fair Value of Options	Grant Date October 26, Risk-free interest rate 1.93 % Expected term 5.0 Expected volatility 40.98 % Expected dividend yield 0.00 % Fair value of share option 1.41
Summary of Stock Option Activity	Activity Weighted Average Outstanding as of January 1, 2013 150,000 $ 5.00 Exercised - - Cancelled/Forfeited 150,000 5.00 Outstanding as of December 31, 2013 - - Exercised - - Cancelled/Forfeited - - Outstanding as of December 31, 2014 - $ -

EARNINGS PER SHARES (Tables)

EARNINGS PER SHARES (Tables)	12 Months Ended
	Dec. 31, 2014
EARNINGS PER SHARES [Abstract]
Schedule of the Computation of Basic and Diluted Earnings Per Share	December 31, 2014 2013 2012 Net income attribute to the Company $ 3,858,876 $ 3,643,404 $ 2,381,279 Weighted average ordinary shares outstanding - basic and diluted 19,901,959 19,901,959 19,942,333 Basic and diluted earnings per share $ 0.19 $ 0.18 $ 0.12

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2014
INCOME TAX [Abstract]
Schedule of Income Tax Expenses	Year Ended December 31, 2014 2013 2012 Current $ 745,338 $ 1,224,430 $ 696,694 Deferred (166,611 ) (5,400 ) (139,266 ) Income tax expenses $ 578,727 $ 1,219,030 $ 557,428
Schedule of Effective Income Tax Reconciliation	Year Ended December 31, 2014 2013 2012 Computed "expected" income tax expenses $ 1,178,571 $ 1,322,219 $ 818,452 Effect on tax incentive / holiday (726,615 ) (645,720 ) (383,472 ) Non-deductable expense 126,771 542,531 122,448 Income tax expenses $ 578,727 $ 1,219,030 $ 557,428
Schedule of Deferred Tax Assets	December 31, 2014 2013 2012 Provision of doubtful accounts $ 281,150 $ 200,427 $ 191,564 Provision of interest expense 87,455 - - $ 368,605 $ 200,427 $ 191,564

GEOGRAPHICAL SALES AND SEGMEN45

GEOGRAPHICAL SALES AND SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
GEOGRAPHICAL SALES AND SEGMENTS [Abstract]
Schedule of Sales by Geographical Area	Year Ended December 31, 2014 2013 2012 Domestic Sales $ 115,256,175 $ 107,273,543 $ 111,925,870 International Sales 8,315,280 6,618,446 10,472,016 $ 123,571,455 $ 113,891,989 $ 122,397,886

SCHEDULE I (Condensed Financi46

SCHEDULE I (Condensed Financial Information of Parent Company) (Tables)	12 Months Ended
	Dec. 31, 2014
SCHEDULE I [Abstract]
CONDENSED BALANCE SHEETS	OSSEN INNOVATION CO., LTD CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2014 AND 2013 December,31 2014 2013 ASSETS Current Assets Cash $ 23,762 $ 19,171 Accounts receivable from related party 20,000,000 20,000,000 Total Current Assets 20,023,762 20,019,171 Long term investment in subsidiaries 73,371,675 68,532,006 TOTAL ASSETS $ 93,395,437 $ 88,551,177 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Other payables and accrued liabilities $ 802,059 $ 645,810 Due to shareholder 100,000 50,000 Total Current Liabilities 902,059 695,810 TOTAL LIABILITIES $ 902,059 $ 695,810 EQUITY Shareholders' Equity Share Capital $ 200,000 $ 200,000 Additional paid-in capital 33,971,455 33,971,455 Statutory reserve 5,021,752 4,615,699 Retained earnings 44,971,082 41,518,259 Accumulated other comprehensive income 8,425,697 7,646,562 Treasury stock (96,608 ) (96,608 ) TOTAL SHAREHOLDERS' EQUITY 92,493,378 87,855,367 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 93,395,437 $ 88,551,177
CONDENSED STATEMENTS OF OPERATIONS	FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012 Year Ended December,31 2014 2013 2012 REVENUES - - - COST OF GOODS SOLD - - - GROSS PROFIT - - - Selling expenses - - - General and administrative expenses (201,439 ) (722,695 ) (473,060 ) Total Operating Expenses (201,439 ) (722,695 ) (473,060 ) LOSS FROM OPERATIONS (201,439 ) (722,695 ) (473,060 ) Financial expenses, net (219 ) (263 ) (619 ) Investment in subsidiaries 4,060,534 4,366,362 2,854,958 INCOME BEFORE INCOME TAX 3,858,876 3,643,404 2,381,279 INCOME TAX - - - NET INCOME 3,858,876 3,643,404 2,381,279 OTHER COMPREHENSIVE INCOME Foreign currency translation gain 779,135 1,647,348 703,573 TOTAL OTHER COMPREHENSIVE INCOME 779,135 1,647,348 703,573 COMPREHENSIVE INCOME 4,638,011 5,290,752 3,084,852
CONDENSED STATEMENTS OF CASH FLOWS	CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2014, 2013 AND 2012 Year Ended December,31 2014 2013 2012 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 3,858,876 $ 3,643,404 $ 2,381,279 Adjustments to reconcile net income to net cash provided by operating activities: Equity in earnings of subsidiaries (4,060,534 ) (4,366,362 ) (2,854,958 ) Other payables and accrued liabilities 156,249 645,810 - Due to shareholder 50,000 50,000 - Net cash provided by / (used in) operating activities 4,591 (27,148 ) (473,679 ) CASH FLOWS FROM INVESTING ACTIVITIES: Net cash provided by / (used in) investing activities - - - CASH FLOWS FROM FINANCING ACTIVITIES: Treasury stock purchased - - (96,608 ) Net cash provided by / (used in) financing activities - - (96,608 ) INCREASE / (DECREASE) IN CASH 4,591 (27,148 ) (570,287 ) Effect of exchange rate changes on cash - (49 ) 1 Cash at beginning of period 19,171 46,368 616,654 CASH AT END OF PERIOD $ 23,762 $ 19,171 $ 46,368

ORGANIZATION AND PRINCIPAL AC47

ORGANIZATION AND PRINCIPAL ACTIVITIES (Business Combination) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2014	Dec. 31, 2013	Jul. 07, 2010
ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]
Ordinary shares, shares authorized		100,000,000	100,000,000
Ultra Glory [Member] | Reverse Merger [Member]
Business Acquisition [Line Items]
Shares issued	15,000,000
Ownership interest acquired				100.00%
Share price				$ 0.03
New shares issued	10,000,000
Outstanding shares issued	5,000,000
Ossen Innovation Group [Member] | Reverse Merger [Member]
Business Acquisition [Line Items]
Ownership interest acquired				100.00%

ORGANIZATION AND PRINCIPAL AC48

ORGANIZATION AND PRINCIPAL ACTIVITIES (Shareholders) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2014
Related Party Transaction [Line Items]
Issuance of new shares	5
Issuance of new shares, percentage	25.00%
Ownership percentage by unaffiliated investors		9.60%
Dr. Tang [Member]
Related Party Transaction [Line Items]
Equity ownership percentage		59.40%
Dr. Tang [Member] | Effectual Strength Enterprises [Member]
Related Party Transaction [Line Items]
Equity ownership percentage		100.00%
Wei Hua [Member]
Related Party Transaction [Line Items]
Equity ownership percentage		3.00%
Wei Hua [Member] | Fascinating Acme Development [Member]
Related Party Transaction [Line Items]
Equity ownership percentage		100.00%
Spouse of Shanghai Ossen New Material CEO [Member]
Related Party Transaction [Line Items]
Equity ownership percentage		3.00%
Spouse of Shanghai Ossen New Material CEO [Member] | Gross Inspiration Development [Member]
Related Party Transaction [Line Items]
Equity ownership percentage		100.00%

ORGANIZATION AND PRINCIPAL AC49

ORGANIZATION AND PRINCIPAL ACTIVITIES (Subsidiaries) (Details)	12 Months Ended
	Dec. 31, 2010USD ($)	Dec. 31, 2010CNY (¥)	Dec. 31, 2007USD ($)	Dec. 31, 2005USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2014CNY (¥)	Dec. 31, 2010CNY (¥)	Dec. 31, 2009USD ($)	Dec. 31, 2009CNY (¥)	Apr. 13, 2005
Ossen Jiujiang [Member]
Entity Information [Line Items]
Paid-in capital	$ 26,048,509						¥ 183,271,074	$ 6,048,509	¥ 50,000,000
Increase to paid-in capital	$ 20,000,000	¥ 133,271,074
Ossen Innovation Group [Member]
Entity Information [Line Items]
Paid-in capital
Ossen Asia [Member]
Entity Information [Line Items]
Paid-in capital
Ossen Asia [Member] | Ossen Jiujiang [Member]
Entity Information [Line Items]
Joint venture, ownership percentage										33.30%
Ownership percentage transferred			41.70%
Ownership percentage received
Consideration received			$ 0
Ossen Materials [Member]
Entity Information [Line Items]
Ownership percentage					81.00%	81.00%
Noncontrolling owners, ownership percentage					19.00%	19.00%
Paid-in capital | ¥						¥ 75,000,000
Ossen Materials [Member] | Ossen Jiujiang [Member]
Entity Information [Line Items]
Joint venture, ownership percentage					20.46%	20.46%
Ownership percentage transferred
Ownership percentage received			41.70%
Topchina [Member]
Entity Information [Line Items]
Paid-in capital
Topchina [Member] | Ossen Jiujiang [Member]
Entity Information [Line Items]
Joint venture, ownership percentage					79.54%	79.54%
Ownership percentage transferred			66.70%
Ownership percentage received				66.70%
Consideration received			$ 0
Ossen Shanghai [Member]
Entity Information [Line Items]
Payments to acquire assets				$ 2,900,000
Ossen Shanghai [Member] | Ossen Jiujiang [Member]
Entity Information [Line Items]
Joint venture, ownership percentage										66.70%
Ownership percentage transferred				66.70%
Ownership percentage received
Consideration received				$ 2,900,000

ORGANIZATION AND PRINCIPAL AC50

ORGANIZATION AND PRINCIPAL ACTIVITIES (Summary of Subsidiary Information) (Details)	12 Months Ended
	Dec. 31, 2014USD ($)	Dec. 31, 2014CNY (¥)
Ossen Innovation Group [Member]
Entity Information [Line Items]
Domicile	BVI
Incorporation	Apr. 30, 2010
Paid-in capital
Percentage of effective ownership	100.00%	100.00%
Ossen Asia [Member]
Entity Information [Line Items]
Domicile	BVI
Incorporation	Feb. 7, 2002
Paid-in capital
Percentage of effective ownership	100.00%	100.00%
Topchina [Member]
Entity Information [Line Items]
Domicile	BVI
Incorporation	Nov. 3, 2004
Paid-in capital
Percentage of effective ownership	100.00%	100.00%
Ossen Materials [Member]
Entity Information [Line Items]
Domicile	PRC
Incorporation	Oct. 27, 2004
Paid-in capital | ¥		¥ 75,000,000
Percentage of effective ownership	81.00%	81.00%
Ossen Jiujiang [Member]
Entity Information [Line Items]
Domicile	PRC
Incorporation	Apr. 13, 2005
Paid-in capital | ¥		¥ 183,271,074
Percentage of effective ownership	96.11%	96.11%

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2014USD ($)¥ / $	Dec. 31, 2014HKD¥ / $	Dec. 31, 2013USD ($)¥ / $	Dec. 31, 2012USD ($)¥ / $
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Year end RMB: US$ exchange rate | ¥ / $	6.1460		6.1943	6.3086
Average yearly RMB: US$ exchange rate | ¥ / $	6.1457	6.1457	6.1122	6.3116
Research and development costs	$ 3,914,918		$ 1,260,440	$ 1,132,256
Retirement benefits, contributions by company	193,182		198,019	213,617
Unrecorded deferred income tax liability for earnings are intended to be permanently reinvested	$ 44,971,082
VAT rate	17.00%	17.00%
Accumulated statutory reserves	$ 406,053		$ 436,672	$ 294,219
DPS compensation maximum | HKD		HKD 500,000
Fair value of bond payable	15,972,837
Accounts receivable, allowance for doubtful accounts	1,874,330		$ 1,336,177
Advance to suppliers	56,327,390		50,614,815
Advance to suppliers, aging within 60 days	29,692,902
Advance to suppliers, aging within 60-90 days	18,899,528
Advance to suppliers, aging over 90 days	7,734,960
Customer deposits	$ 588,005		$ 2,908,271
Prepayment for plant and equipment
Amortization period, lease term	50 years	50 years
Plant, Buildings and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years	5 years
Plant, Buildings and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years	20 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years	5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years	20 years
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years	5 years
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years	5 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years	10 years

CONCENTRATION (Schedule of Majo

CONCENTRATION (Schedule of Major Customer Concentrations) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Concentration Risk [Line Items]
Revenues	$ 123,571,455	$ 113,891,989	$ 122,397,886
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk percentage	63.00%	31.00%
Customer Concentration Risk [Member] | Revenues [Member]
Concentration Risk [Line Items]
Revenues	$ 78,660,831	$ 42,319,683	$ 72,715,616
Concentration risk percentage	64.00%	37.00%	60.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company A (3rd Party) [Member]
Concentration Risk [Line Items]
Revenues		$ 18,570,574	$ 47,193,174
Concentration risk percentage		16.00%	39.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company B (3rd Party) [Member]
Concentration Risk [Line Items]
Revenues			$ 25,522,442
Concentration risk percentage			21.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company C (3rd Party) [Member]
Concentration Risk [Line Items]
Revenues	$ 17,880,306	$ 12,368,270
Concentration risk percentage	14.00%	11.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company D (3rd Party) [Member]
Concentration Risk [Line Items]
Revenues		$ 11,380,839
Concentration risk percentage		10.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company E (3rd Party)[Member]
Concentration Risk [Line Items]
Revenues	$ 24,915,113
Concentration risk percentage	20.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company F (3rd Party)[Member]
Concentration Risk [Line Items]
Revenues	$ 20,361,459
Concentration risk percentage	17.00%
Customer Concentration Risk [Member] | Revenues [Member] | Company G (3rd Party)[Member]
Concentration Risk [Line Items]
Revenues	$ 15,503,953
Concentration risk percentage	13.00%

CONCENTRATION (Schedule of Ma53

CONCENTRATION (Schedule of Major Supplier Concentrations) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Concentration Risk [Line Items]
Purchases from suppliers	$ 110,250,876	$ 102,353,957	$ 111,611,457
Supplier Concentration Risk [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration risk percentage		19.00%
Supplier Concentration Risk [Member] | Purchases [Member]
Concentration Risk [Line Items]
Purchases from suppliers	$ 87,209,870	$ 80,156,379	$ 80,523,511
Concentration risk percentage	82.00%	78.00%	89.00%
Supplier Concentration Risk [Member] | Purchases [Member] | Company X (3rd Party) [Member]
Concentration Risk [Line Items]
Purchases from suppliers	$ 20,021,833		$ 39,484,102
Concentration risk percentage	19.00%		44.00%
Supplier Concentration Risk [Member] | Purchases [Member] | Company Y (3rd Party) [Member]
Concentration Risk [Line Items]
Purchases from suppliers	$ 54,268,855	$ 32,748,784
Concentration risk percentage	51.00%	32.00%
Supplier Concentration Risk [Member] | Purchases [Member] | Company Z (3rd Party) [Member]
Concentration Risk [Line Items]
Purchases from suppliers		$ 47,407,595	$ 30,028,975
Concentration risk percentage		46.00%	33.00%
Supplier Concentration Risk [Member] | Purchases [Member] | Company U (3rd Party) [Member]
Concentration Risk [Line Items]
Purchases from suppliers			$ 11,010,434
Concentration risk percentage			12.00%
Supplier Concentration Risk [Member] | Purchases [Member] | Company V (3rd Party) [Member]
Concentration Risk [Line Items]
Purchases from suppliers	$ 12,919,182
Concentration risk percentage	12.00%

ACCOUNTS RECEIVABLE (Schedule o

ACCOUNTS RECEIVABLE (Schedule of Accounts Receivable) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
ACCOUNTS RECEIVABLE [Abstract]
Accounts receivable	$ 55,638,744	$ 49,536,253
Less: allowance for doubtful accounts	(1,874,330)	(1,336,177)
Accounts receivable, net	53,764,414	48,200,076
Accounts receivable as collateral for short-term bank loans	$ 2,440,612	$ 4,961,722

ACCOUNTS RECEIVABLE (Schedule55

ACCOUNTS RECEIVABLE (Schedule of Allowance for Doubtful Accounts) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
ACCOUNTS RECEIVABLE [Abstract]
Beginning balance	$ 1,336,177	$ 1,277,091
Provision/(Reverse) for doubtful accounts	538,153	59,086
Ending balance	$ 1,874,330	$ 1,336,177

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
INVENTORIES [Abstract]
Raw materials	$ 16,521,066	$ 12,785,087
Work-in-progress	153,666	144,158
Finished goods	3,463,169	5,821,525
Inventories	$ 20,137,901	$ 18,750,770

NOTES RECEIVABLE (Details)

NOTES RECEIVABLE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 9,925,155	$ 2,421,581
Bank Acceptance Note Receivable One [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes		322,878
Repayment date	Mar. 9, 2014
Bank Acceptance Note Receivable Two [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes		322,878
Repayment date	Mar. 9, 2014
Bank Acceptance Note Receivable Three [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes		1,452,948
Repayment date	Mar. 12, 2014
Bank Acceptance Note Receivable Four [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes		80,719
Repayment date	May 11, 2014
Bank Acceptance Note Receivable Five [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes		80,719
Repayment date	May 11, 2014
Bank Acceptance Note Receivable Six [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes		$ 161,439
Repayment date	May 21, 2014
Bank Acceptance Note Receivable Seven [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 1,627,075
Repayment date	Jan. 17, 2015
Bank Acceptance Note Receivable Eight [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 1,627,075
Repayment date	Feb. 28, 2015
Bank Acceptance Note Receivable Nine [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 1,627,075
Repayment date	Mar. 10, 2015
Bank Acceptance Note Receivable Ten [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 1,464,366
Repayment date	Mar. 26, 2015
Bank Acceptance Note Receivable Eleven [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 1,627,075
Repayment date	Apr. 16, 2015
Bank Acceptance Note Receivable Twelve [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 1,627,075
Repayment date	Apr. 30, 2015
Bank Acceptance Note Receivable Thirteen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - bank acceptance notes	$ 325,414
Repayment date	Jun. 25, 2015

OTHER CURRENT ASSETS (Details)

OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
OTHER CURRENT ASSETS [Abstract]
Refundable deposits with suppliers		$ 2,784,818
Deposits for open project bids	$ 48,812	129,151
VAT deductible	61,959	$ 298,056
Guarantee fee	406,769
Other receivables	428,779	$ 235,861
Other current assets	$ 946,319	$ 3,447,886

PROPERTY, PLANT AND EQUIPMENT59

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
PROPERTY, PLANT AND EQUIPMENT [Abstract]
Depreciation expense	$ 1,430,997	$ 1,464,144	$ 1,503,554
Property, Plant and Equipment [Line Items]
Cost	20,408,407	20,210,727
Less: Accumulated depreciation	(13,272,552)	$ (11,752,606)
Construction- in-progress	38,791
Property, plant and equipment, net	$ 7,174,646	$ 8,458,121
Short-term bank loans
Property, Plant and Equipment [Line Items]
Property pledged as collateral		$ 940,503
Notes payable
Property, Plant and Equipment [Line Items]
Property pledged as collateral	$ 792,795
Short-term bank loans related party
Property, Plant and Equipment [Line Items]
Property pledged as collateral	1,406,429
Plant and buildings [Member]
Property, Plant and Equipment [Line Items]
Cost	4,348,977	$ 4,315,067
Less: Accumulated depreciation	(2,149,753)	(1,880,230)
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	15,616,293	15,455,062
Less: Accumulated depreciation	(10,715,803)	(9,482,821)
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Cost	322,115	323,370
Less: Accumulated depreciation	(294,729)	(280,778)
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	121,022	117,228
Less: Accumulated depreciation	$ (112,267)	$ (108,777)

LAND USE RIGHTS (Schedule of La

LAND USE RIGHTS (Schedule of Land Use Rights) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
LAND USE RIGHTS [Abstract]
Cost of land use rights	$ 5,013,824	$ 4,974,729
Less: Accumulated amortization	(782,476)	(676,880)
Land use rights, net	4,231,348	4,297,849
Amortization expense	$ 100,282	$ 100,828	$ 97,643

LAND USE RIGHTS (Schedule of Fu

LAND USE RIGHTS (Schedule of Future Amortization Expense) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
LAND USE RIGHTS [Abstract]
2,015	$ 100,276
2,016	100,276
2,017	100,276
2,018	100,276
2,019	100,276
Thereafter	3,729,968
Land use rights, net	$ 4,231,348	$ 4,297,849
Short-term bank loans
LAND USE RIGHTS
Land use rights pledged as collateral		$ 2,735,916
Notes payable
LAND USE RIGHTS
Land use rights pledged as collateral	$ 2,694,754
Short-term bank loans related party
LAND USE RIGHTS
Land use rights pledged as collateral	$ 1,536,594

RELATED PARTY TRANSACTIONS (Sch

RELATED PARTY TRANSACTIONS (Schedule of Notes Receivable from Related Party) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Notes receivable from related party		$ 12,915,099
Related Party Note Receivable One [Member]
Related Party Transaction [Line Items]
Due date	Jan. 7, 2013
Related Party Note Receivable Two [Member]
Related Party Transaction [Line Items]
Notes receivable from related party		1,614,387
Due date	Feb. 20, 2014
Related Party Note Receivable Three [Member]
Related Party Transaction [Line Items]
Notes receivable from related party		1,614,387
Due date	Mar. 9, 2014
Related Party Note Receivable Four [Member]
Related Party Transaction [Line Items]
Notes receivable from related party		4,843,163
Due date	May 19, 2014
Related Party Note Receivable Five [Member]
Related Party Transaction [Line Items]
Notes receivable from related party		1,614,387
Due date	Mar. 12, 2014
Related Party Note Receivable Six [Member]
Related Party Transaction [Line Items]
Notes receivable from related party		$ 3,228,775
Due date	Jun. 6, 2014

RELATED PARTY TRANSACTIONS (S63

RELATED PARTY TRANSACTIONS (Schedule of Amounts Due to Related Parties) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Due to related party	$ 69,469	$ 16,911
Due to shareholder	100,000	50,000
Ossen Material Research [Member]
Related Party Transaction [Line Items]
Due to related party	69,469	16,911
Dr. Tang [Member]
Related Party Transaction [Line Items]
Due to shareholder	$ 100,000	$ 50,000

RELATED PARTY TRANSACTIONS (S64

RELATED PARTY TRANSACTIONS (Schedule of Related Party Transactions) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction One [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 813,536	$ 4,035,969	$ 9,985,370
Related Party Transaction Two [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			$ 4,755,413
Related Party Transaction Three [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 1,627,075	$ 1,937,265
Related Party Transaction Four [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			$ 4,755,413
Related Party Transaction Five [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 5,694,761	$ 3,228,775	11,095,964
Related Party Transaction Six [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 14,806,378	$ 3,228,775	22,984,497
Related Party Transaction Seven [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			$ 3,170,275
Related Party Transaction Eight [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 4,881,224	$ 4,843,162
Related Party Transaction Nine [Member]
Related Party Transaction [Line Items]
Related party transaction, amount		$ 2,056,102	$ 2,999,097
Related Party Transaction Ten [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 1,627,075		3,170,275
Related Party Transaction Eleven [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			$ 4,755,413
Related Party Transaction Twelve [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 3,254,149
Related Party Transaction Thirteen [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 1,627,075	$ 1,937,265
Related Party Transaction Fifteen [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			$ 4,755,413
Related Party Transaction Sixteen [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			3,170,275
Related Party Transaction Seventeen [Member]
Related Party Transaction [Line Items]
Related party transaction, amount		$ 5,148,724	7,136,843
Related Party Transaction Nineteen [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 15,457,208	11,300,712	15,851,377
Related Party Transaction Twenty [Member]
Related Party Transaction [Line Items]
Related party transaction, amount	$ 21,314,676	$ 17,550,330	12,866,563
Related Party Transaction Twenty One [Member]
Related Party Transaction [Line Items]
Related party transaction, amount			$ 440,107

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Guarantee	$ (406,769)
Ossen Material Research [Member] | Short-term debt [Member]
Related Party Transaction [Line Items]
Guarantee	4,881,224
Shanghai Pujiang [Member] | Short-term debt [Member]
Related Party Transaction [Line Items]
Guarantee	15,457,208
Shanghai Pujiang [Member] | Notes payable [Member]
Related Party Transaction [Line Items]
Guarantee	$ 21,314,676
Ossen Shanghai [Member]
Related Party Transaction [Line Items]
Ownership transferred	30.00%

OTHER PAYABLES AND ACCRUED EX66

OTHER PAYABLES AND ACCRUED EXPENSES (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
OTHER PAYABLES AND ACCRUED EXPENSES [Abstract]
Other taxes payable	$ 155,354	$ 405,705
Accrued payroll & welfare	35,110	18,119
Accrued expense & liability	$ 802,059	645,810
Deposits of purchasing materials		$ 477,859
Interest payable	$ 583,035
Others	47,400	$ 2,255
Other payables and accrued expenses	$ 1,622,958	$ 1,549,748

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
NOTES PAYABLE [Abstract]
Restricted cash	$ 17,572,732	$ 31,783,670
Bank fee percentage	0.05%	0.05%	0.05%
Bank fee	$ 27,906	$ 49,233	$ 38,421
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	26,521,315	$ 50,990,427
Bank Acceptance Note One [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	May 27, 2015
Bank Acceptance Note Two [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	May 27, 2015
Bank Acceptance Note Three [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	May 27, 2015
Bank Acceptance Note Four [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	May 27, 2015
Bank Acceptance Note Five [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	May 11, 2015
Bank Acceptance Note Six [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	May 11, 2015
Bank Acceptance Note Seven [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 325,417
Repayment date	Apr. 10, 2015
Bank Acceptance Note Eight [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	Apr. 9, 2015
Bank Acceptance Note Nine [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 813,537
Repayment date	Mar. 25, 2015
Bank Acceptance Note Ten [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,138,952
Repayment date	Mar. 17, 2015
Bank Acceptance Note Eleven [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 488,116
Repayment date	Mar. 17, 2015
Bank Acceptance Note Twelve [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	Feb. 28, 2015
Bank Acceptance Note Thirteen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 3,254,149
Repayment date	Feb. 27, 2015
Bank Acceptance Note Fourteen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 813,537
Repayment date	Jan. 31, 2015
Bank Acceptance Note Fifteen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,464,367
Repayment date	Jan. 29, 2015
Bank Acceptance Note Sixteen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	Jan. 23, 2015
Bank Acceptance Note Seventeen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 976,245
Repayment date	Jan. 23, 2015
Bank Acceptance Note Eighteen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 976,245
Repayment date	Jan. 21, 2015
Bank Acceptance Note Nineteen [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes	$ 1,627,075
Repayment date	Jan. 21, 2015
Bank Acceptance Note Twenty [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		Jun. 27, 2014
Bank Acceptance Note Twenty One [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 968,632
Repayment date		Jun. 18, 2014
Bank Acceptance Note Twenty Two [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jun. 17, 2014
Bank Acceptance Note Twenty Three [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jun. 11, 2014
Bank Acceptance Note Twenty Four [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jun. 5, 2014
Bank Acceptance Note Twenty Five [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jun. 3, 2014
Bank Acceptance Note Twenty Six [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		May 26, 2014
Bank Acceptance Note Twenty Seven [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		May 21, 2014
Bank Acceptance Note Twenty Eight [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		May 21, 2014
Bank Acceptance Note Twenty Nine [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		May 21, 2014
Bank Acceptance Note Thirty [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		May 8, 2014
Bank Acceptance Note Thirty One [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		May 8, 2014
Bank Acceptance Note Thirty Two [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		May 8, 2014
Bank Acceptance Note Thirty Three [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 6,917,657
Repayment date		May 8, 2014
Bank Acceptance Note Thirty Four [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		May 4, 2014
Bank Acceptance Note Thirty Five [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		Apr. 12, 2014
Bank Acceptance Note Thirty Six [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		Apr. 12, 2014
Bank Acceptance Note Thirty Seven [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Apr. 11, 2014
Bank Acceptance Note Thirty Eight [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Mar. 30, 2014
Bank Acceptance Note Thirty Nine [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Mar. 30, 2014
Bank Acceptance Note Forty [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Mar. 13, 2014
Bank Acceptance Note Forty One [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Mar. 5, 2014
Bank Acceptance Note Forty Two [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Mar. 5, 2014
Bank Acceptance Note Forty Three [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,130,071
Repayment date		Jan. 30, 2014
Bank Acceptance Note Forty Four [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,130,071
Repayment date		Jan. 25, 2014
Bank Acceptance Note Forty Five [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,130,071
Repayment date		Jan. 25, 2014
Bank Acceptance Note Forty Six [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		Jan. 25, 2014
Bank Acceptance Note Forty Seven [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jan. 23, 2014
Bank Acceptance Note Forty Eight [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jan. 22, 2014
Bank Acceptance Note Forty Nine [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		Jan. 17, 2014
Bank Acceptance Note Fifty [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 807,194
Repayment date		Jan. 12, 2014
Bank Acceptance Note Fifty One [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jan. 4, 2014
Bank Acceptance Note Fifty Two [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 968,632
Repayment date		Jan. 4, 2014
Bank Acceptance Note Fifty Three [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 645,755
Repayment date		Jan. 4, 2014
Bank Acceptance Note Fifty Four [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 1,614,387
Repayment date		Jan. 4, 2014
Bank Acceptance Note Fifty Five [Member]
Short-term Debt [Line Items]
Notes payable - bank acceptance notes		$ 968,632
Repayment date		Jan. 4, 2014

SHORT TERM BANK LOANS (Details)

SHORT TERM BANK LOANS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Short-term Debt [Line Items]
Short-term bank loans	$ 18,711,357	$ 27,283,147
Short Term Bank Loans [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 18,711,357	$ 27,283,147
Weighted average interest rate	7.138%	7.00%
Interest expense, short term bank loans	$ 1,943,115	$ 2,663,924	$ 3,335,158
Short Term Bank Loans [Member] | Short Term Bank Loan One [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 3,254,149
Annual rate	7.00%
Repayment date	Dec. 17, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Two [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 813,536
Annual rate	7.80%
Repayment date	Oct. 30, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Three [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 1,627,075
Annual rate	7.728%
Repayment date	Oct. 28, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Four [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 3,254,149
Annual rate	7.416%
Repayment date	Oct. 28, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Five [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 4,067,686
Annual rate	6.00%
Repayment date	Aug. 13, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Six [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 2,440,612
Annual rate	7.28%
Repayment date	Jun. 12, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Seven [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 1,627,075
Annual rate	7.28%
Repayment date	Mar. 9, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Eight [Member]
Short-term Debt [Line Items]
Short-term bank loans	$ 1,627,075
Annual rate	6.60%
Repayment date	Jan. 2, 2015
Short Term Bank Loans [Member] | Short Term Bank Loan Nine [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 4,035,969
Annual rate		7.80%
Repayment date		Dec. 15, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Ten [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 1,614,387
Annual rate		6.60%
Repayment date		Dec. 2, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Eleven [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 1,614,387
Annual rate		6.90%
Repayment date		Oct. 20, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Twelve [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 6,457,550
Annual rate		7.20%
Repayment date		Oct. 15, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Thirteen [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 4,035,969
Annual rate		6.00%
Repayment date		Aug. 22, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Fourteen [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 1,937,265
Annual rate		6.60%
Repayment date		Jun. 16, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Fifteen [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 1,614,387
Annual rate		7.50%
Repayment date		May 7, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Sixteen [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 2,421,581
Annual rate		6.60%
Repayment date		Feb. 7, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Seventeen [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 3,228,775
Annual rate		7.28%
Repayment date		Jan. 17, 2014
Short Term Bank Loans [Member] | Short Term Bank Loan Eighteen [Member]
Short-term Debt [Line Items]
Short-term bank loans		$ 322,877
Annual rate		7.54%
Repayment date		Jan. 9, 2014

BOND PAYABLE (Details)

BOND PAYABLE (Details)	12 Months Ended
	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2014CNY (¥)
BOND PAYABLE [Abstract]
Interest expense, long term bank loans	$ 610,571
Debt Instrument [Line Items]
Total bond payable	$ 15,972,837
Bond Payable Due September 4, 2016 [Member]
Debt Instrument [Line Items]
Issuance date	Sep. 4, 2014
Repayment date	Sep. 4, 2016
Annual rate	10.75%			10.75%
Total bond payable	$ 15,972,837
Borrow amount | ¥				¥ 100,000,000

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details) - USD ($)	Oct. 26, 2010	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
STOCK-BASED COMPENSATION [Abstract]
Value of options granted	$ 211,500
Compensation cost				$ 86,799

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Fair Value Assumptions) (Details)	Oct. 26, 2010$ / shares
STOCK-BASED COMPENSATION [Abstract]
Risk-free interest rate	1.93%
Expected term	5 years
Expected volatility	40.98%
Expected dividend yield	0.00%
Fair value of share option	$ 1.41

STOCK-BASED COMPENSATION (Sch72

STOCK-BASED COMPENSATION (Schedule of Stock Option Activity) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Activity
Outstanding, beginning balance		150,000
Exercised
Cancelled/Forfeited		150,000
Outstanding, ending balance
Weighted Average Exercise Price
Outstanding, beginning balance		$ 5
Exercised
Cancelled/Forfeited		$ 5
Outstanding, ending balance

EARNINGS PER SHARES (Details)

EARNINGS PER SHARES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
EARNINGS PER SHARES [Abstract]
Net income attribute to the Company	$ 3,858,876	$ 3,643,404	$ 2,381,279
Weighted average ordinary shares outstanding - basic and diluted	19,901,959	19,901,959	19,942,333
Basic and diluted earnings per share	$ 0.19	$ 0.18	$ 0.12

INCOME TAX (Schedule of Income

INCOME TAX (Schedule of Income Tax Expenses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
INCOME TAX [Abstract]
Current	$ 745,338	$ 1,224,430	$ 696,694
Deferred	(166,611)	(5,400)	(139,266)
Income tax expenses	$ 578,727	$ 1,219,030	$ 557,428

INCOME TAX (Schedule of Effecti

INCOME TAX (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
INCOME TAX [Abstract]
PRC statutory tax rate	25.00%	25.00%	25.00%
Computed "expected" income tax expenses	$ 1,178,571	$ 1,322,219	$ 818,452
Effect on tax incentive / holiday	(726,615)	(645,720)	(383,472)
Non-deductable expense	126,771	542,531	122,448
Income tax expenses	$ 578,727	$ 1,219,030	$ 557,428

INCOME TAX (Schedule of Net Def

INCOME TAX (Schedule of Net Deferred Tax Assets) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
INCOME TAX [Abstract]
Provision of doubtful accounts	$ 281,150	$ 200,427	$ 191,564
Provision of interest expense	87,455
Net deferred tax assets	$ 368,605	$ 200,427	$ 191,564

GEOGRAPHICAL SALES AND SEGMEN77

GEOGRAPHICAL SALES AND SEGMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	$ 123,571,455	$ 113,891,989	$ 122,397,886
Domestic [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	115,256,175	107,273,543	111,925,870
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	$ 8,315,280	$ 6,618,446	$ 10,472,016

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - shares	5 Months Ended
	Oct. 08, 2015	May. 06, 2015
Subsequent Event [Line Items]
Share repurchase program, shares authorized		500,000
share repurchase program, shares repurchased	61,263

SCHEDULE I (CONDENSED BALANCE S

SCHEDULE I (CONDENSED BALANCE SHEETS) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current Assets
Cash	$ 684,592	$ 1,139,450	$ 1,996,764	$ 1,568,261
Total current assets	159,358,503	169,273,347
TOTAL ASSETS	170,764,497	182,029,317
Current Liabilities
Other payables and accrued expenses	1,622,958	1,549,748
Due to shareholder	100,000	50,000
Total current liabilities	51,382,639	83,534,989
TOTAL LIABILITIES	67,355,476	83,534,989
Shareholders' Equity
Share Capital	200,000	200,000
Additional paid-in capital	33,971,455	33,971,455
Statutory reserve	5,021,752	4,615,699
Retained earnings	44,971,082	41,518,259
Accumulated other comprehensive income	8,425,697	7,646,562
Treasury stock	(96,608)	(96,608)
TOTAL SHAREHOLDERS' EQUITY	92,493,378	87,855,367
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	170,764,497	182,029,317
Ossen Innovation Co., Ltd [Member]
Current Assets
Cash	23,762	19,171	$ 46,368	$ 616,654
Accounts receivable from related party	20,000,000	20,000,000
Total current assets	20,023,762	20,019,171
Long term investment in subsidiaries	73,371,675	68,532,006
TOTAL ASSETS	93,395,437	88,551,177
Current Liabilities
Other payables and accrued expenses	802,059	645,810
Due to shareholder	100,000	50,000
Total current liabilities	902,059	695,810
TOTAL LIABILITIES	902,059	695,810
Shareholders' Equity
Share Capital	200,000	200,000
Additional paid-in capital	33,971,455	33,971,455
Statutory reserve	5,021,752	4,615,699
Retained earnings	44,971,082	41,518,259
Accumulated other comprehensive income	8,425,697	7,646,562
Treasury stock	(96,608)	(96,608)
TOTAL SHAREHOLDERS' EQUITY	92,493,378	87,855,367
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 93,395,437	$ 88,551,177

SCHEDULE I (CONDENSED STATEMENT

SCHEDULE I (CONDENSED STATEMENTS OF OPERATIONS) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONDENSED STATEMENTS OF OPERATIONS
REVEUNUES	$ 123,571,455	$ 113,891,989	$ 122,397,886
COST OF GOODS SOLD	110,250,876	102,353,957	111,611,457
GROSS PROFIT	13,320,579	11,538,032	10,786,429
Selling expenses	(772,383)	(625,500)	(917,074)
General and administrative expenses	(6,340,584)	(3,485,118)	(3,950,934)
Total Operating Expenses	(7,112,967)	(4,110,618)	(4,868,008)
LOSS FROM OPERATIONS	6,207,612	7,427,414	5,918,421
Financial expenses, net	(2,401,268)	(2,696,966)	(3,556,045)
INCOME BEFORE INCOME TAX	4,714,285	5,288,874	3,273,806
INCOME TAX	578,727	1,219,030	557,428
NET INCOME ATTRIBUTABLE TO OSSEN INNOVATION CO., LTD AND SUBSIDIARIES	3,858,876	3,643,404	2,381,279
OTHER COMPREHENSIVE INCOME
Foreign currency translation gain	779,135	1,647,348	703,573
TOTAL OTHER COMPREHENSIVE INCOME	779,135	1,647,348	703,573
COMPREHENSIVE INCOME	$ 4,638,011	$ 5,290,752	$ 3,084,852
Ossen Innovation Co., Ltd [Member]
CONDENSED STATEMENTS OF OPERATIONS
REVEUNUES
COST OF GOODS SOLD
GROSS PROFIT
Selling expenses
General and administrative expenses	$ (201,439)	$ (722,695)	$ (473,060)
Total Operating Expenses	(201,439)	(722,695)	(473,060)
LOSS FROM OPERATIONS	(201,439)	(722,695)	(473,060)
Financial expenses, net	(219)	(263)	(619)
Investment in subsidiaries	4,060,534	4,366,362	2,854,958
INCOME BEFORE INCOME TAX	$ 3,858,876	$ 3,643,404	$ 2,381,279
INCOME TAX
NET INCOME ATTRIBUTABLE TO OSSEN INNOVATION CO., LTD AND SUBSIDIARIES	$ 3,858,876	$ 3,643,404	$ 2,381,279
OTHER COMPREHENSIVE INCOME
Foreign currency translation gain	779,135	1,647,348	703,573
TOTAL OTHER COMPREHENSIVE INCOME	779,135	1,647,348	703,573
COMPREHENSIVE INCOME	$ 4,638,011	$ 5,290,752	$ 3,084,852

SCHEDULE I (CONDENSED STATEME81

SCHEDULE I (CONDENSED STATEMENTS OF CASH FLOWS) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,135,558	$ 4,069,844	$ 2,716,378
Adjustments to reconcile net income to net cash provided by operating activities:
Other payables and accrued expenses	73,209	744,552	$ 480,773
Due to shareholder	50,000	50,000
Net cash provided by (used in) operating activities	1,804,435	10,011,383	$ (8,767,390)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by (used in) investing activities	$ (80,985)	$ 8,055,576	(32,982)
CASH FLOWS FROM FINANCING ACTIVITIES:
Treasury stock purchased			(96,608)
Net cash provided by (used in) financing activities	$ (3,500,632)	$ (22,060,165)	8,159,102
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,777,182)	(3,993,206)	(641,270)
Effect of exchange rate changes on cash	1,322,324	3,135,892	1,069,773
Cash and cash equivalents at beginning of period	1,139,450	1,996,764	1,568,261
CASH AND CASH EQUIVALENTS AT END OF PERIOD	684,592	1,139,450	1,996,764
Ossen Innovation Co., Ltd [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	3,858,876	3,643,404	2,381,279
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries	(4,060,534)	(4,366,362)	$ (2,854,958)
Other payables and accrued expenses	156,249	645,810
Due to shareholder	50,000	50,000
Net cash provided by (used in) operating activities	$ 4,591	$ (27,148)	$ (473,679)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Treasury stock purchased			$ (96,608)
Net cash provided by (used in) financing activities			(96,608)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$ 4,591	$ (27,148)	(570,287)
Effect of exchange rate changes on cash		(49)	1
Cash and cash equivalents at beginning of period	$ 19,171	46,368	616,654
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 23,762	$ 19,171	$ 46,368