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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues $ 61,564,873 $ 31,524,045 $ 190,962,563 $ 139,883,552
Cost of revenues 56,652,979 31,448,345 178,635,410 133,980,293
Gross profit 4,911,894 75,700 12,327,153 5,903,259
Operating expenses        
Selling expenses 367,616 332,279 1,184,647 1,288,733
General and administrative expenses 3,547,780 1,432,991 7,684,547 3,838,453
Total operating expenses 3,915,396 1,765,270 8,869,194 5,127,186
Income (loss) from operations 996,498 (1,689,570) 3,457,959 776,073
Other income (expense)        
Interest income 58,744 217,141 283,792 344,899
Interest expense (737,667) (2,014,360) (2,818,881) (4,654,981)
Income (loss) from equity investment 12,418 0 28,768 0
Change in fair value of warrants (270,539) 0 (260,389) 0
Other income (expense) (193,101) (68,024) (193,270) 221,848
Total other expense (1,130,145) (1,865,243) (2,959,980) (4,088,234)
Income (loss) before income tax provision (133,647) (3,554,813) 497,979 (3,312,161)
Provision for Income Taxes (benefit) 408,053 (496,583) 877,307 (459,163)
Net loss (541,700) (3,058,230) (379,328) (2,852,998)
Less: net loss attributable to noncontrolling interest 1,159 (75,082) (92,025) (245,167)
Net loss attributable to Andatee China Marine Fuel Services Corporation (542,859) (2,983,148) (287,303) (2,607,831)
Comprehensive income (loss)        
Net loss (541,700) (3,058,230) (379,328) (2,852,998)
Foreign currency translation adjustment (115,317) (201,429) 1,499,734 75,234
Comprehensive income (loss) (657,017) (3,259,659) 1,120,406 (2,777,764)
Less: Comprehensive loss attributable to non-controlling interest (24,556) (182,637) (316,411) (182,637)
Comprehensive income (loss) attributable to Andatee China Marine Fuel Services Corporation $ (632,461) $ (3,077,022) $ 1,436,817 $ (2,595,127)
Basic and diluted weighted average shares outstanding 9,860,159 9,518,967 9,715,858 9,518,967
Basic and diluted net earnings (loss) per share $ (0.06) $ (0.31) $ (0.01) $ (0.27)