Business Acquisition (Tables)

3 Months Ended

Mar. 31, 2013

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		Basic Earnings per Share
Supplemental pro forma combined results of operations:
Three-month period ended March 31, 2012	$	14,056,968	$	905,262	$	0.17

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

	Three Months Ended March 31, 2012
Amortization of intangibles	$	278,338
Interest expense	106,237
Income tax effect of adjustments	(115,373		)
	$	269,202