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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Common Stock Shares
Common Stock Amount
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income
Total Stockholders' Equity
Balance at Dec. 31, 2010 43,404,557 43,405 23,252,476 85,017,024 9,624,269 117,937,174
Issuance of options as compensation 0 0 76,991 0 0 76,991
Issuance of stock as compensation 125,000 125 119,067 0 0 119,192
Net income for the year 2011 $ 0 $ 0 $ 0 $ 19,269,642 $ 0 $ 19,269,642
Foreign currency translation adjustment 0 0 0 0 5,080,098 5,080,098
Balance at Dec. 31, 2011 43,529,557 43,530 23,448,534 104,286,666 14,704,367 142,483,097
Share-based compensation 100,000 100 141,620 0 0 141,720
Forfeiture of contingently vesting shares (50,000) (50) 50 0 0 0
Net income for the year 2012 0 0 0 4,617,659 0 4,617,659
Foreign currency translation adjustment. $ 0 $ 0 $ 0 $ 0 $ 1,274,091 $ 1,274,091
Balance at Dec. 31, 2012 43,579,557 43,580 23,590,204 108,904,325 15,978,458 148,516,567