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ACQUISITION OF NOUMENA (Tables)
12 Months Ended
Dec. 31, 2013
Pro Forma Financial Information
    For the years ended  
    December 31,  
    2011     2012  
    (unaudited)     (unaudited)  
             
Revenues   $ 160,723,554     $ 186,949,412  
Net (loss) income   $ (8,227,818 )   $ 26,161,809  
(Loss) income per share - basic   $ (0.01 )   $ 0.02  
(Loss) income per share - diluted   $ (0.01 )   $ 0.02  
Noumena [Member]
 
Schedule of Business Acquisition

Total consideration estimated at acquisition date:

 

Cash consideration   $ 14,880,600  
Fair value of ordinary shares issued (determined based on the market closing price of the Company's ADSs at the acquisition date after lock up discount)     4,230,000  
Total   $ 19,110,600  

  

The purchase price was allocated based on the estimated total consideration at the acquisition date as follows:

 

Tangible assets acquired (including cash of $586,701)   $ 669,600  
Acquired intangible assets        
Product technologies     3,487,524  
Goodwill     14,953,476  
Total   $ 19,110,600