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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Sales $ 2,234,219 $ 2,024,551 $ 8,033,040 $ 5,608,005
Cost of sales (971,231) (743,283) (3,284,062) (2,262,141)
Gross profit 1,262,988 1,281,268 4,748,978 3,345,864
Selling, general and administrative expenses (560,189) (110,358) (1,180,644) (360,825)
Income from operations 702,799 1,170,910 3,568,334 2,985,039
Other Income (Expense)        
Interest income 2,093 2,447 7,430 7,022
Bank charges (364) (221) (922) (495)
Exchange loss (1,945) 0 (1,945) 0
Total other (expense)/income (216) 2,226 4,563 6,527
Income before income taxes 702,583 1,173,136 3,572,897 2,991,566
Provision for income taxes (132,387) (258,090) (865,894) (641,096)
Net income 570,196 915,046 2,707,003 2,350,470
Weighted average common shares outstanding (#)        
Basic (in shares) 16,254,513 [1] 14,462,704 [1] 15,956,226 [1] 14,462,704 [1]
Diluted (in shares) 16,259,846 [1] 14,462,704 [1] 15,958,004 [1] 14,462,704 [1]
Net income per common share (#)        
Basic (in dollars per share) $ 0.04 [1] $ 0.06 [1] $ 0.17 [1] $ 0.16 [1]
Diluted (in dollars per share) $ 0.04 [1] $ 0.06 [1] $ 0.17 [1] $ 0.16 [1]
Net income $ 570,196 $ 915,046 $ 2,707,003 $ 2,350,470
Other comprehensive income 59,723 18,702 99,978 18,990
Comprehensive income $ 629,919 $ 933,748 $ 2,806,981 $ 2,369,460
[1] Reflects the 1-for-2.18 reverse split of the Company's outstanding common stock effected on June 7, 2011.