XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue $ 6,343,240 $ 6,804,168 $ 12,798,350 $ 10,541,349
Cost of goods sold 3,987,068 4,027,666 7,796,037 6,338,255
Gross profit 2,356,172 2,776,502 5,002,313 4,203,094
Operating expenses:        
Selling, general and administrative expenses 1,467,134 1,347,544 3,101,137 2,352,360
Research and development expenses 976,254 627,633 1,946,393 1,180,901
Total operating expenses 2,443,388 1,975,177 5,047,530 3,533,261
Operating income (loss) (87,216) 801,325 (45,217) 669,833
Financing income, net 6,046 15,345 9,249 26,728
Income (loss) before income taxes (81,170) 816,670 (35,968) 696,561
Income tax expense (benefit) (28,000) 265,000 (13,000) 221,000
Net income (loss) (53,170) 551,670 (22,968) 475,561
Net income (loss) per share:        
Basic income (loss) per share (in Dollars per share) $ (0.01) $ 0.12 $ 0.00 $ 0.10
Diluted income (loss) per share (in Dollars per share) $ (0.01) $ 0.11 $ 0.00 $ 0.09
Comprehensive income (loss):        
Net income (loss) (53,170) 551,670 (22,968) 475,561
Foreign currency translation adjustments (60,344) (35,952) (56,317) (12,017)
Comprehensive income (loss) $ (113,514) $ 515,718 $ (79,285) $ 463,544