XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Net Sales (Including sales to related parties of $902,638 and $1,491,875 during the years ended December 31, 2011 and 2010, respectively) $ 43,162,026 $ 28,818,982
Cost of Sales 31,048,952 21,242,024
Gross Profit 12,113,074 7,576,958
Operating Expenses    
Selling expenses 1,865,086 959,673
General and administrative expenses 3,308,312 1,205,881
Loss on disposal of plant, property and equipment   144,732
Total Operating Expenses 5,173,398 2,310,286
Income From Operations 6,939,676 5,266,672
Other Income (Expenses)    
Non-operating income 52,043 57,844
Foreign exchange transaction loss (90,609) (66,419)
Interest income 1,402 2,549
Financial expense (76,836) (22,556)
Total Other Expenses, Net (114,000) (28,582)
Income Before Income Tax 6,825,676 5,238,090
Income Tax Expense 1,460,511 1,035,081
Net Income 5,365,165 4,203,009
Other Comprehensive Income    
Foreign currency translation 527,218 294,871
Comprehensive Income $ 5,892,383 $ 4,497,880
Basic weighted average shares outstanding (in Shares) 14,506,915 9,685,000
Diluted weighted average shares outstanding (in Shares) 14,697,206 9,685,000
Basic net earnings per share (in Dollars per share) $ 0.37 $ 0.43
Diluted net earnings per share (in Dollars per share) $ 0.37 $ 0.43