XML 10 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue $ 19,600,852 $ 16,631,354 $ 37,720,409 $ 31,733,864
Cost of revenue 12,318,868 9,587,417 23,568,814 18,555,719
Gross profit 7,281,984 7,043,937 14,151,595 13,178,145
Selling expenses 799,220 621,580 1,403,701 1,204,468
General and administrative expenses 986,949 894,507 1,903,894 1,547,255
Bad debt expense (benefit) (118,704) 37,615 (109,276) 108,521
Total operating expenses 1,667,465 1,553,702 3,198,319 2,860,244
Government subsidy income 145,447 465,663 145,447 465,663
Income from operations 5,759,966 5,955,898 11,098,723 10,783,564
Interest income 2,454 5,401 4,415 12,158
Interest expense (61,222) (51,631) (122,436) (102,121)
Derivative gain 256,762 807,005 934,260 1,365,509
Net other income 197,994 760,775 816,239 1,275,546
Income before income taxes 5,957,960 6,716,673 11,914,962 12,059,110
Income tax expense (888,890) (633,419) (1,742,270) (1,122,698)
Net income 5,069,070 6,083,254 10,172,692 10,936,412
Other comprehensive income - foreign currency translation adjustment 1,709,951 403,253 2,847,989 417,698
Comprehensive income $ 6,779,021 $ 6,486,507 $ 13,020,681 $ 11,354,110
Basic $ 0.12 $ 0.14 $ 0.23 $ 0.25
Diluted $ 0.12 $ 0.14 $ 0.23 $ 0.25