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CONDENSED 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, 2011 $ 219,636,640 $ 3,003 $ 78,564,128 $ 10,418,476 $ (2,126,597) $ 116,369,487 $ 16,408,143
Beginning Balance (in shares) at Dec. 31, 2011   29,772,434          
Net income 24,921,678         24,921,678  
Foreign currency translation adjustment (1,001,651)           (1,001,651)
Exercise of warrants (in shares)   48,402          
Exercise of warrants 311,709 5 311,704        
Share-based payments to employees and directors 214,475   214,475        
Appropriation of statutory reserves       1,717,613   (1,717,613)  
Ending Balance at Jun. 30, 2012 $ 244,082,851 $ 3,008 $ 79,090,307 $ 12,136,089 $ (2,126,597) $ 139,573,552 $ 15,406,492
Ending Balance (in shares) at Jun. 30, 2012   29,820,836