XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue $ 7,124,591 $ 7,042,056 $ 19,922,941 $ 17,583,405
Cost of goods sold 4,247,587 4,080,121 12,043,928 10,418,376
Gross profit 2,877,004 2,961,935 7,879,013 7,165,029
Operating expenses:        
Selling, general and administrative expenses 1,416,634 1,250,138 4,517,771 3,602,498
Research and development expenses 797,986 1,026,573 2,744,075 2,207,475
Total operating expenses 2,214,620 2,276,711 7,261,846 5,809,973
Operating income 662,384 685,224 617,167 1,355,056
Financing income, net 14,591 17,228 23,840 43,957
Income before income taxes 676,975 702,452 641,007 1,399,013
Income tax expense 190,000 212,000 177,000 433,000
Net income 486,975 490,452 464,007 966,013
Net income per share:        
Basic income per share (in Dollars per share) $ 0.10 $ 0.10 $ 0.09 $ 0.20
Diluted income per share (in Dollars per share) $ 0.10 $ 0.10 $ 0.09 $ 0.19
Comprehensive income:        
Net income 486,975 490,452 464,007 966,013
Foreign currency translation adjustments (28,754) 5,869 (85,071) (5,912)
Comprehensive income $ 458,221 $ 496,321 $ 378,936 $ 960,101