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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue $ 12,176,344 $ 20,987,725 $ 42,861,478 $ 58,708,134
Cost of revenue 8,932,552 13,472,804 30,174,983 37,041,618
Gross profit 3,243,792 7,514,921 12,686,495 21,666,516
Operating expenses:        
Selling expenses 856,172 1,006,815 2,632,177 2,410,516
General and administrative expenses 598,258 621,336 2,087,401 2,525,230
Bad debt expense (benefit) 171,508 (76,187) 724,745 (185,463)
Total operating expenses 1,625,938 1,551,964 5,444,323 4,750,283
Government subsidy income 0 968 0 146,415
Income from operations 1,617,854 5,963,925 7,242,172 17,062,648
Other income (expense):        
Interest income 1,588 1,241 3,069 5,656
Interest expense (79,507) (62,438) (235,516) (184,874)
Derivative gain 0 0 0 934,260
Net other income (expense) (77,919) (61,197) (232,447) 755,042
Income before income taxes 1,539,935 5,902,728 7,009,725 17,817,690
Income tax expense (244,452) (927,845) (1,147,965) (2,670,115)
Net income 1,295,483 4,974,883 5,861,760 15,147,575
Other comprehensive income - foreign currency translation adjustment (124,625) 1,556,979 848,260 4,404,968
Comprehensive income $ 1,170,858 $ 6,531,862 $ 6,710,020 $ 19,552,543
Earnings per Share:        
Basic $ 0.03 $ 0.11 $ 0.13 $ 0.35
Diluted $ 0.03 $ 0.11 $ 0.13 $ 0.35