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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Commission income $ 1,560,559 $ 2,134,147 $ 4,418,735 $ 5,370,963
Consulting income 22,517 12,690 36,450 80,142
Website advertising 3,500 3,500 10,500 10,500
Enrollment fee income 3,851 1,693 7,950 7,471
Total Revenues 1,590,427 2,152,030 4,473,635 5,469,076
Operating Expenses        
Salaries 632,364 587,651 1,995,565 1,777,336
Travel expenses 117,645 178,140 328,935 377,681
Rents 130,479 126,697 492,985 391,017
Bad debt expenses (1,504) 24,757 13,338 64,089
Depreciation and amortization 18,912 22,346 132,814 67,035
Other general and administrative 181,618 233,854 675,452 674,754
Total Operating Expenses 1,079,514 1,173,445 3,639,089 3,351,912
Income from Operations 510,913 978,585 834,546 2,117,164
Other Income (Expense)        
Interest income 984 1,053 3,022 2,836
Investment income 3,207 3,064 11,272 10,129
Other revenues 3,740 6,765 21,417 56,102
Gain (loss) on disposal of fixed asset (201) 15,188 (5,651) (13,383)
Total Other (Expense) / Income 7,730 26,070 30,060 55,684
Income Before Provision for Income Taxes 518,643 1,004,655 864,606 2,172,848
Provision for Income Taxes 97,658 179,664 178,485 397,430
Net Income 420,985 824,991 686,121 1,775,418
Less: Net income attributable to the noncontrolling interest (44,667) (37,825) (111,690) (90,953)
Net Income attributable to ALCO, Inc. 376,318 787,166 574,431 1,684,465
Other Comprehensive Income (loss)        
Unrealized gain (loss) on marketable securities 20,515 (71,032) 63,285 (82,661)
Foreign currency translation adjustments (1,786) 8,543 2,116 23,825
Comprehensive Income 439,714 762,502 751,522 1,716,582
Less: comprehensive income attributable to non-controlling interest (44,667) (37,825) (111,690) (90,953)
Comprehensive Income attributable to ALCO. Inc. $ 395,047 $ 724,677 $ 639,832 $ 1,625,629
Basic and Fully Diluted Earnings per Share $ 0.04 $ 0.08 $ 0.06 $ 0.16
Weighted average shares outstanding 10,342,000 10,348,065 10,342,701 10,345,319