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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
NET REVENUE $ 191,007,886 $ 167,012,527 $ 360,094,153 $ 303,943,623
Cost of sales (170,296,852) (147,365,064) (320,748,127) (267,388,087)
GROSS PROFIT 20,711,034 19,647,463 39,346,026 36,555,536
Selling expenses (740,988) (668,366) (1,426,994) (1,191,402)
General and administrative expenses (1,834,465) (1,339,062) (3,932,299) (2,912,374)
Income from operations 18,135,581 17,640,035 33,986,733 32,451,760
Other income (expenses):        
Interest income 204,694 136,941 367,830 270,046
Interest expenses   (49,014)   (70,480)
Gain on extinguishment of warrant liabilities   26,531 73,291 87,255
Change in fair value of warrants (44,000) 1,179,151 (474,000) 2,554,252
Other income   23,879 94,779 99,830
Total other income (expenses), net 160,694 1,317,488 61,900 2,940,903
Income before income taxes 18,296,275 18,957,523 34,048,633 35,392,663
Provision for income taxes (4,849,609) (4,591,447) (9,126,955) (8,514,601)
NET INCOME 13,446,666 14,366,076 24,921,678 26,878,062
OTHER COMPREHENSIVE INCOME:        
Foreign currency translation adjustments (1,210,053) 2,344,495 (1,001,651) 4,009,012
COMPREHENSIVE INCOME $ 12,236,613 $ 16,710,571 $ 23,920,027 $ 30,887,074
Net income per share        
Basic $ 0.45 $ 0.48 $ 0.84 $ 0.90
Diluted $ 0.45 $ 0.48 $ 0.83 $ 0.89
Weighted average number of shares outstanding        
Basic 29,820,836 29,872,934 29,810,996 29,865,896
Diluted 30,017,985 30,111,142 30,049,336 30,200,087