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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, 2009 $ 67,505,759 $ 2,416 $ 28,692,812 $ 5,400,994 $ 0 $ 30,780,307 $ 2,629,230
Beginning Balance (in shares) at Dec. 31, 2009   24,154,083          
Net income 38,465,975 0 0 0 0 38,465,975 0
Foreign currency translation adjustment 4,626,336 0 0 0 0 0 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 0 0 0 0
Exercise of warrants (in shares)   945,528          
Exercise of warrants 10,081,264 94 10,081,170 0 0 0 0
Share-based payments to employees and directors 408,772 0 408,772 0 0 0 0
Appropriation of statutory reserves 0 0 0 2,155,193 0 (2,155,193) 0
Ending Balance at Dec. 31, 2010 153,157,623 2,938 71,251,843 7,556,187 0 67,091,089 7,255,566
Ending Balance (in shares) at Dec. 31, 2010   29,385,326          
Net income 53,133,533 0 0 0 0 53,133,533 0
Foreign currency translation adjustment 9,152,577 0 0 0 0 0 9,152,577
Exercise of warrants (in shares)   651,155          
Exercise of warrants 6,814,138 65 6,814,073 0 0 0 0
Repurchase of common stock (2,126,597) 0 0 0 (2,126,597) 0 0
Repurchase of common stock (in shares)   (264,047)          
Common stock dividend (992,846) 0 0 0 0 (992,846) 0
Share-based payments to employees and directors 498,212 0 498,212 0 0 0 0
Appropriation of statutory reserves 0 0 0 2,862,289 0 (2,862,289) 0
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   29,772,434          
Net income 57,942,003 0 0 0 0 57,942,003 0
Foreign currency translation adjustment 659,754 0 0 0 0 0 659,754
Exercise of warrants (in shares)   48,402          
Exercise of warrants 311,709 5 311,704 0 0 0 0
Share-based payments to employees and directors 382,089   382,089 0 0 0 0
Appropriation of statutory reserves 0 0 0 4,148,370 0 (4,148,370) 0
Ending Balance at Dec. 31, 2012 $ 278,932,195 $ 3,008 $ 79,257,921 $ 14,566,846 $ (2,126,597) $ 170,163,120 $ 17,067,897
Ending Balance (in shares) at Dec. 31, 2012   29,820,836