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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
NET REVENUE $ 13,004,562 $ 11,874,334 $ 19,871,243 $ 19,285,470
Cost of goods sold (2,953,060) (2,731,416) (4,581,314) (4,503,704)
GROSS PROFIT 10,051,502 9,142,918 15,289,929 14,781,766
Selling expenses (478,832) (473,793) (725,895) (904,256)
General and administrative expenses (533,618) (696,752) (1,206,633) (1,289,267)
Income from operations 9,039,052 7,972,373 13,357,401 12,588,243
Other income (expenses):        
Interest income 97,226 78,748 189,084 162,489
Foreign exchange differences (1,639) 31,644 (19,728) 26,457
Change in fair value of warrants 0 173 0 173
Total other income 95,587 110,565 169,356 189,119
Income before income taxes 9,134,639 8,082,938 13,526,757 12,777,362
Provision for income taxes (2,338,917) (2,120,129) (3,497,461) (3,399,869)
NET INCOME 6,795,722 5,962,809 10,029,296 9,377,493
OTHER COMPREHENSIVE INCOME:        
Foreign currency translation adjustments (17,913) 1,389,545 (1,070,742) 1,629,292
COMPREHENSIVE INCOME $ 6,777,809 $ 7,352,354 $ 8,958,554 $ 11,006,785
Earnings per share:        
Basic $ 0.40 $ 0.37 $ 0.59 $ 0.58
Diluted $ 0.38 $ 0.35 $ 0.57 $ 0.55
Weighted average number of shares outstanding:        
Basic 16,858,667 15,863,826 16,758,599 15,863,826
Diluted 17,694,270 16,993,926 17,657,471 16,993,926