SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2011

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 25 SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected quarterly financial data for the years ended December 31, 2011, 2010 and 2009 are presented in the following table:

	Three Months Ended,
Year ended December 31, 2011	December 31			September 30			June 30			March 31
Revenue	$	177,579,159		$	155,570,657		$	167,012,527		$	136,931,096
Cost of goods sold		(157,877,953	)		(136,113,727	)		(147,365,064	)		(120,023,023	)
Gross profit		19,701,206			19,456,930			19,647,463			16,908,073
Selling expenses		(660,992	)		(633,584	)		(668,366	)		(523,036	)
General and administrative expenses		(2,239,462	)		(1,498,306	)		(1,339,062	)		(1,573,312	)
Income from operations		16,800,752			17,325,040			17,640,035			14,811,725
Net income		12,727,388			13,528,083			14,366,076			12,511,986
Earnings per share
Basic	$	0.43		$	0.45		$	0.48		$	0.42
Diluted	$	0.42		$	0.45		$	0.48		$	0.41

	Three Months Ended,
Year ended December 31, 2010	December 31			September 30			June 30			March 31
Revenue	$	135,471,182		$	96,337,451		$	75,502,350		$	63,220,702
Cost of goods sold		(114,812,441	)		(81,215,627	)		(61,002,044	)		(51,399,418	)
Gross profit		20,658,741			15,121,824			14,500,306			11,821,284
Selling expenses		(614,817	)		(422,209	)		(570,420	)		(450,877	)
General and administrative expenses		(1,776,457	)		(1,192,225	)		(1,484,893	)		(1,293,603	)
Income from operations		18,267,467			13,507,390			12,444,993			10,076,804
Net income		9,855,420			9,855,705			9,898,292			8,856,558
Earnings per share
Basic	$	0.34		$	0.34		$	0.35		$	0.35
Diluted	$	0.33		$	0.33		$	0.34		$	0.34

	Three Months Ended,
Year ended December 31, 2009	December 31			September 30			June 30			March 31
Revenue	$	51,252,416		$	40,913,348		$	48,827,343		$	20,550,327
Cost of goods sold		(40,208,034	)		(31,155,238	)		(39,095,534	)		(14,851,807	)
Gross profit		11,044,382			9,758,110			9,731,809			5,698,520
Selling expenses		(479,945	)		(451,689	)		(587,356	)		(203,252	)
General and administrative expenses		(1,171,295	)		(1,184,877	)		(1,093,499	)		(542,130	)
Income from operations		9,393,142			8,121,544			8,050,954			4,953,138
Net income (loss)		4,388,140			(1,336,448	)		6,705,029			3,975,977
Earnings (loss) per share
Basic	$	0.18		$	(0.08	)	$	0.45		$	0.27
Diluted	$	0.17		$	(0.08	)	$	0.31		$	0.18