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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock
Additional Paid-in Capital
Statutory Reserves
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2008 $ 32,368,646 $ 1,500 $ 7,347,066 $ 2,603,444   $ 19,845,159 $ 2,571,477
Beginning Balance (in shares) at Dec. 31, 2008   15,000,000          
Net income 13,732,698         13,732,698  
Foreign currency translation adjustment 57,753           57,753
Issuance of common stock in public offering (in shares)   2,300,000          
Issuance of common stock in public offering 7,572,622 230 7,572,392        
Conversion of redeemable convertible preferred stock to common stock (in shares)   6,818,183          
Conversion of redeemable convertible preferred stock to common stock 13,116,628 682 13,115,946        
Exercise of warrants (in shares)   35,900          
Exercise of warrants 325,972 4 325,968        
Share-based payments to employees and directors 331,440   331,440        
Appropriation of statutory reserves       2,797,550   (2,797,550)  
Ending Balance at Dec. 31, 2009 67,505,759 2,416 28,692,812 5,400,994   30,780,307 2,629,230
Ending Balance (in shares) at Dec. 31, 2009   24,154,083          
Net income 38,465,975         38,465,975  
Foreign currency translation adjustment 4,626,336           4,626,336
Issuance of common stock in public offering (in shares)   4,285,715          
Issuance of common stock in public offering 32,069,517 428 32,069,089        
Exercise of warrants (in shares)   945,528          
Exercise of warrants 10,081,264 94 10,081,170        
Share-based payments to employees and directors 408,772   408,772        
Appropriation of statutory reserves       2,155,193   (2,155,193)  
Ending Balance at Dec. 31, 2010 153,157,623 2,938 71,251,843 7,556,187   67,091,089 7,255,566
Ending Balance (in shares) at Dec. 31, 2010   29,385,326          
Net income 53,133,533         53,133,533  
Foreign currency translation adjustment 9,152,577           9,152,577
Exercise of warrants (in shares)   651,155          
Exercise of warrants 6,814,138 65 6,814,073        
Repurchase of common stock (2,126,597)       (2,126,597)    
Common stock dividend (992,846)         (992,846)  
Share-based payments to employees and directors 498,212   498,212        
Appropriation of statutory reserves       2,862,289   (2,862,289)  
Ending Balance at Dec. 31, 2011 $ 219,636,640 $ 3,003 $ 78,564,128 $ 10,418,476 $ (2,126,597) $ 116,369,487 $ 16,408,143
Ending Balance (in shares) at Dec. 31, 2011   30,036,481