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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
NET SALES $ 626,171,072 $ 584,511,639 $ 1,844,491,390 $ 1,352,666,916
COST OF SALES        
Cost of sales (564,685,762) (505,608,405) (1,654,427,318) (1,208,376,017)
Depreciation (255,546) (300,716) (801,384) (806,047)
Total cost of sales (564,941,308) (505,909,121) (1,655,228,702) (1,209,182,064)
GROSS PROFIT 61,229,764 78,602,518 189,262,688 143,484,852
OPERATING EXPENSES        
Selling, general and administrative expenses 2,487,346 3,779,728 7,597,545 10,546,253
Stock compensation expenses 5,364 5,364 16,092 27,650
Depreciation 146,475 135,442 406,962 367,112
Amortization 2,767 2,832 8,703 8,330
Total operating expenses 2,641,952 3,923,366 8,029,302 10,949,345
INCOME FROM OPERATIONS 58,587,812 74,679,152 181,233,386 132,535,507
OTHER INCOME (EXPENSES)        
Other Income 64,433 661 64,433 66,158
Interest Income 562,294 633,617 1,384,438 1,824,924
Interest expense, including amortization of debt issuance costs of $3,482,031 and $1,347,832 for the three months, and $8,042,451 and $7,751,818 for the nine months ended September 30, 2018 and 2017, respectively (41,479,730) (36,585,321) (128,898,077) (113,155,443)
Total other expenses, net (40,853,003) (35,951,043) (127,449,206) (111,264,361)
INCOME FROM OPERATIONS BEFORE TAXES 17,734,809 38,728,109 53,784,180 21,271,146
INCOME TAX PROVISION (BENEFIT)        
Current 1,787,717 7,778,520 9,214,312 12,996,602
Deferred 2,699,588 1,962,539 4,523,643 (7,440,305)
Total income tax provision 4,487,305 9,741,059 13,737,955 5,556,297
NET INCOME 13,247,504 28,987,050 40,046,225 15,714,849
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized gain (loss) related to investments in gold, net of tax (18,935,552) 27,074,547 (56,908,875) 75,935,884
Foreign currency translation gains (loss) (13,077,661) 4,455,163 (19,080,264) 12,817,501
Total Other comprehensive income (loss) (32,013,213) 31,529,710 (75,989,139) 88,753,385
COMPREHENSIVE INCOME (LOSS) $ (18,765,709) $ 60,516,760 $ (35,942,914) $ 104,468,234
Earnings per share        
Basic $ 0.20 $ 0.44 $ 0.61 $ 0.24
Diluted $ 0.20 $ 0.44 $ 0.60 $ 0.24
Weighted average number of shares        
Basic 66,113,502 66,049,726 66,113,502 66,029,266
Diluted 66,121,121 66,484,717 66,311,149 66,337,069