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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue $ 167,012,527 $ 75,502,350 $ 303,943,623 $ 138,723,052
Cost of goods sold (147,365,064) (61,002,044) (267,388,087) (112,401,462)
Gross profit 19,647,463 14,500,306 36,555,536 26,321,590
Selling expenses (668,366) (570,420) (1,191,402) (1,021,297)
General and administrative expenses (1,339,062) (1,484,893) (2,912,374) (2,778,496)
Income from operations 17,640,035 12,444,993 32,451,760 22,521,797
Other income (expenses):        
Interest income 136,941 61,065 270,046 94,416
Interest expenses (49,014) (40,288) (70,480) (69,458)
Gain on extinguishment of warrant liabilities 26,531   87,255 135,369
Change in fair value of warrants 1,179,151 888,975 2,554,252 2,234,829
Other income (expenses) 23,879 (68,397) 99,830 (68,397)
Total other income (expenses), net 1,317,488 841,355 2,940,903 2,326,759
Income before income tax 18,957,523 13,286,348 35,392,663 24,848,556
Provision for income tax (4,591,447) (3,388,056) (8,514,601) (6,093,706)
Net income 14,366,076 9,898,292 26,878,062 18,754,850
Other comprehensive income:        
Foreign currency translation adjustment 2,344,495 698,345 4,009,012 746,801
Comprehensive income $ 16,710,571 $ 10,596,637 $ 30,887,074 $ 19,501,651
Earnings per share        
Basic $ 0.48 $ 0.35 $ 0.90 $ 0.70
Diluted $ 0.48 $ 0.34 $ 0.89 $ 0.68
Weighted average number of shares outstanding        
Basic 29,872,934 28,484,091 29,865,896 26,625,272
Diluted 30,111,142 29,326,571 30,200,087 27,477,388