XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
NET REVENUE $ 11,874,334 $ 10,035,428 $ 19,285,470 $ 16,896,446
Cost of goods sold (2,731,416) (2,472,094) (4,503,704) (4,250,662)
GROSS PROFIT 9,142,918 7,563,334 14,781,766 12,645,784
Selling expenses (473,793) (465,650) (904,256) (848,008)
General and administrative expenses (696,752) (664,538) (1,289,267) (1,329,243)
Income from operations 7,972,373 6,433,146 12,588,243 10,468,533
Other income (expenses):        
Interest income 78,748 66,664 162,489 133,882
Foreign exchange differences 31,644 (13,571) 26,457 (11,167)
Change in fair value of warrants 173 144,788 173 140,759
Total other income 110,565 197,881 189,119 263,474
Income before income taxes 8,082,938 6,631,027 12,777,362 10,732,007
Provision for income taxes (2,120,129) (1,729,994) (3,399,869) (2,881,396)
NET INCOME 5,962,809 4,901,033 9,377,493 7,850,611
OTHER COMPREHENSIVE INCOME:        
Foreign currency translation adjustments 1,389,545 (366,862) 1,629,292 (287,109)
COMPREHENSIVE INCOME $ 7,352,354 $ 4,534,171 $ 11,006,785 $ 7,563,502
Earnings per share:        
Basic $ 0.37 $ 0.31 $ 0.58 $ 0.50
Diluted $ 0.35 $ 0.30 $ 0.55 $ 0.48
Weighted average number of shares outstanding:        
Basic 15,863,826 15,384,180 15,863,826 15,370,851
Diluted 16,993,926 16,517,699 16,993,926 16,513,952