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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Total
Ordinary shares [Member]
Additional paid-in capital [Member]
Warrants [Member]
Accumulated other comprehensive income [Member]
Statutory reserves [Member]
Retained earnings [Member]
Balance at Dec. 31, 2012 $ 282,884,068 $ 832 $ 126,786,049 $ 15,566,332 $ 46,618,263 $ 10,572,330 $ 83,340,262
Balance (in shares) at Dec. 31, 2012   1,678,097,663          
Issuance of ordinary shares for share-based compensation 849,038 $ 18 849,020
Issuance of ordinary shares for share-based compensation (in shares)   35,000,000          
Share-based compensation recognized 1,573,729 1,573,729
Repurchase of ordinary shares (10,123,821) $ (32) (10,123,789)
Repurchase of ordinary shares (in shares)   (78,214,600)          
Warrants exercised $ 27,820,000 $ 100 $ 32,967,232 $ (5,147,332)
Warrants exercised (in shares) 200,000,000 200,000,000          
Provision for statutory reserves $ 151,418 $ (151,418)
Other comprehensive income $ 8,944,839 $ 8,944,839
Net income (loss) 20,661,649 $ 20,661,649
Balance at Dec. 31, 2013 332,609,502 $ 918 $ 152,052,241 $ 10,419,000 $ 55,563,102 $ 10,723,748 $ 103,850,493
Balance (in shares) at Dec. 31, 2013   1,834,883,063          
Issuance of ordinary shares for share-based compensation 436,625 $ 4 436,621
Issuance of ordinary shares for share-based compensation (in shares)   7,190,000          
Share-based compensation recognized 1,547,780 1,547,780
Repurchase of ordinary shares   (12,410)
Repurchase of ordinary shares (12,410)            
Warrants exercised $ 5,940,000 $ 20 $ 8,662,980 $ (2,723,000)
Warrants exercised (in shares) 40,000,000 40,000,000          
Warrants forfeited $ (2,148,000) $ (2,148,000)
Provision for statutory reserves $ 743,789 $ (743,789)
Other comprehensive income $ 1,968,126 $ 1,968,126
Dividends to shareholders ($0.002 per ordinary share) (40,999,308) $ (40,999,308)
Net income (loss) 22,587,921 22,587,921
Balance at Dec. 31, 2014 321,930,236 $ 942 $ 162,687,212 $ 5,548,000 $ 57,531,228 $ 11,467,537 $ 84,695,317
Balance (in shares) at Dec. 31, 2014   1,882,073,063          
Issuance of ordinary shares for share-based compensation 939,882 $ 1 939,881
Issuance of ordinary shares for share-based compensation (in shares)   2,060,000          
Share-based compensation recognized $ 1,045,448 1,045,448
Warrants expired $ 2,202,000 $ (2,202,000)
Other comprehensive income $ 4,072,160 $ 4,072,160
Dividends to shareholders ($0.002 per ordinary share) 0            
Net income (loss) (16,226,710) $ (16,226,710)
Balance at Dec. 31, 2015 $ 311,761,016 $ 943 $ 166,874,541 $ 3,346,000 $ 61,603,388 $ 11,467,537 $ 68,468,607
Balance (in shares) at Dec. 31, 2015   1,884,133,063