XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
NET REVENUE $ 219,359,379 $ 238,793,030 $ 683,393,531 $ 598,887,183
Cost of sales (198,261,030) (213,536,628) (617,469,949) (534,284,755)
GROSS PROFIT 21,098,349 25,256,402 65,923,582 64,602,428
Selling expenses (796,945) (741,135) (2,279,486) (2,168,129)
General and administrative expenses (1,807,615) (2,059,027) (6,219,526) (5,991,326)
Income from operations 18,493,789 22,456,240 57,424,570 56,442,973
Other income (expenses):        
Interest income 165,533 138,081 491,196 418,235
Foreign exchange differences (917) 40,686 (1,575) 128,362
Gain on extinguishment of warrant liabilities 0 0 3,520 73,291
Change in fair value of warrants (30,000) 451,000 (65,000) (23,000)
Other income 147 (538) 35,011 94,241
Total other income (expenses) 134,763 629,229 463,152 691,129
Income before income taxes 18,628,552 23,085,469 57,887,722 57,134,102
Provision for income taxes (4,689,657) (5,858,831) (14,961,830) (14,985,786)
NET INCOME 13,938,895 17,226,638 42,925,892 42,148,316
OTHER COMPREHENSIVE INCOME:        
Foreign currency translation adjustments 1,594,504 (683,771) 6,721,132 (1,685,422)
COMPREHENSIVE INCOME $ 15,533,399 $ 16,542,867 $ 49,647,024 $ 40,462,894
Net income per share        
Basic $ 0.47 $ 0.58 $ 1.44 $ 1.41
Diluted $ 0.46 $ 0.58 $ 1.43 $ 1.41
Weighted average number of shares outstanding        
Basic 29,831,336 29,820,836 29,825,874 29,814,300
Diluted 29,972,453 29,891,994 29,972,559 29,996,507