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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net Sales $ 28,991,861 $ 25,892,872 $ 80,202,568 $ 69,708,982
Cost of Sales 24,714,211 20,001,433 66,666,614 55,592,993
Gross Profit 4,277,650 5,891,439 13,535,954 14,115,989
Operating Expenses        
Selling expenses 1,567,073 1,174,658 3,887,709 2,798,329
General and administrative expenses 2,513,768 2,128,469 6,795,285 5,799,195
Goodwill impairment 0 0 0 808,518
Loss on disposal fixed assets 0 6,437 0 28,963
Total Operating Expenses 4,080,841 3,309,564 10,682,994 9,435,005
Income From Operations 196,809 2,581,875 2,852,960 4,680,984
Other Income (Expenses)        
Non-operating income (expenses), net 79,928 (2,721) 105,083 164,280
Foreign exchange transaction gain (loss) 41,912 (4,820) 75,977 58,811
Gain (loss) on change in fair value and extinguishment of warrant liability (17,644) 630,264 (767,096) 2,841,177
Interest income (expense) (90,637) 38,548 (281,157) (100,917)
Financial expense (15,218) (44,638) (45,755) (115,134)
Total Other Income (Expenses), Net (1,659) 616,633 (912,948) 2,848,217
Income Before Income Tax 195,150 3,198,508 1,940,012 7,529,201
Income Tax Expense, Net 164,745 77,825 424,273 752,311
Net Income 30,405 3,120,683 1,515,739 6,776,890
Other Comprehensive Income (Expense)        
Foreign currency translation (668,723) (1,359) (655,170) (129,736)
Comprehensive Income (Loss) $ (638,318) $ 3,119,324 $ 860,569 $ 6,647,154
Basic weighted average shares outstanding (in Shares) 24,144,512 20,861,990 22,362,381 20,133,976
Diluted weighted average shares outstanding (in Shares) 24,144,512 20,943,076 22,362,381 20,274,325
Basic net earnings per share (in Dollars per share) $ 0.00 $ 0.15 $ 0.07 $ 0.34
Diluted net earnings per share (in Dollars per share) $ 0.00 $ 0.15 $ 0.07 $ 0.33