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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, 2010 $ 153,157,623 $ 2,938 $ 71,251,843 $ 7,556,187 $ 0 $ 67,091,089 $ 7,255,566
Beginning 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 (in shares)   (264,047)          
Repurchase of common stock (2,126,597) 0 0 0 (2,126,597) 0 0
Common stock dividend (992,846) 0 0 0 0 (992,846) 0
Exercise of share options (in shares) 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
Exercise of share options (in shares) 0            
Share-based payments to employees and directors 382,089 0 382,089 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          
Net income 56,159,450 0 0 0 0 56,159,450 0
Foreign currency translation adjustment 9,538,569 0 0 0 0 0 9,538,569
Exercise of warrants (in shares)   101,072          
Exercise of warrants 531,083 10 531,073 0 0 0 0
Exercise of share options (in shares) 110,000 110,000          
Exercise of share options 495,000 11 494,989 0 0 0 0
Share-based payments to employees and directors 343,513 0 343,513 0 0 0 0
Appropriation of statutory reserves 0 0 0 4,156,990 0 (4,156,990) 0
Ending Balance at Dec. 31, 2013 $ 345,999,810 $ 3,029 $ 80,627,496 $ 18,723,836 $ (2,126,597) $ 222,165,580 $ 26,606,466
Ending Balance (in shares) at Dec. 31, 2013   30,031,908