Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2012

Business Acquisition

Schedule of estimated purchase price allocation for the acquisition

Cash and cash equivalents	$	832,758
Trade accounts receivable, net		3,348,142
Other receivables		470,135
Inventories		2,943,855
Property, plant and equipment		1,376,296
Other assets		117,464
Intangible assets		12,210,330
Identifiable assets acquired		21,298,980
Accounts payable		744,714
Other accrued expenses		2,533,742
Deferred income tax-current		509,744
Deferred income tax-long-term		3,069,017
Liabilities assumed		6,857,217
Net identifiable assets acquired		14,441,763
Goodwill		5,639,837
Purchase price	$	20,081,600

Schedule of allocation of the purchase price resulted in the recognition of the intangible assets

	Amount		Weighted Average Life- Years
Trademark/trade name	$	3,819,090		20
Developed technology		7,512,670		9
Customer relationships		878,570		9
	$	12,210,330

Schedule of Proforma financial result and US GAAP conversion adjustments

	Net Sales		Net Income (Loss)			Basic Earnings per Share
Dansensor results of operations since acquisition date (April 2, 2012—December 31, 2012)	$	12,971,493	$	(1,177,354	)	$	—
Supplemental pro forma combined results of operations:
Three months ended December 31, 2011		15,134,705		1,353,285			0.25
Fiscal year ended December 31, 2012		54,814,162		2,086,563			0.38
Fiscal year ended December 31, 2011		57,605,949		5,519,353			1.03

        Material items included in the supplemental unaudited pro forma disclosures above are as follows:

	Three months Ended December 31, 2011			Fiscal Year Ended December 31, 2012			Fiscal Year Ended December 31, 2011
Amortization of intangibles	$	277,540		$	278,338		$	1,094,301
Interest expense		79,027			106,237			377,071
Income tax effect of adjustments		(106,970	)		(115,373	)		(470,839	)
	$	249,597		$	269,202		$	1,000,533