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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue$ 20,987,725$ 18,680,390$ 58,708,134$ 50,414,254
Cost of revenue13,472,80411,055,25437,041,61829,610,973
Gross profit7,514,9217,625,13621,666,51620,803,281
Selling expenses1,006,815449,2952,410,5161,653,763
General and administrative expenses2,687,376873,1574,591,2702,420,412
Bad debt expense (benefit)(76,187)107,186(185,463)215,707
Total operating expenses3,618,0041,429,6386,816,3234,289,882
Government subsidy income968 146,415465,663
Income from operations3,897,8856,195,49814,996,60816,979,062
Interest income1,2411,1475,65613,305
Interest expense(62,438)(37,667)(184,874)(139,788)
Derivative gain 429,687934,2601,795,196
Net other income(61,197)393,167755,0421,668,713
Income before income taxes3,836,6886,588,66515,751,65018,647,775
Income tax expense(544,903)(674,051)(2,287,173)(1,796,749)
Net income3,291,7855,914,61413,464,47716,851,026
Other comprehensive income - foreign currency translation adjustment1,530,6611,774,5754,378,6502,192,273
Comprehensive income$ 4,822,446$ 7,689,189$ 17,843,127$ 19,043,299
Basic$ 0.08$ 0.14$ 0.31$ 0.39
Diluted$ 0.08$ 0.14$ 0.31$ 0.39