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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock
Additional Paid-in Capital
Statutory Reserve
Retained earnings
Deferred Compensation
Accumulated Other Comprehensive Income
Balance at Dec. 31, 2009 $ 11,896,616 $ 1,443 $ 7,515,881 $ 802,749 $ 3,250,115 $ (307,542) $ 633,970
Balance (in shares) at Dec. 31, 2009   2,886,849          
Amortization of deferred compensation 198,500         198,500  
Net income for the year 938,404       938,404    
Foreign currency translation adjustment 432,652           432,652
Balance at Dec. 31, 2010 13,466,172 1,443 7,515,881 802,749 4,188,519 (109,042) 1,066,622
Balance (in shares) at Dec. 31, 2010   2,886,849          
Common stock issued for compensation (in shares)   266,667          
Common stock issued for compensation 400,000 134 399,866        
Amortization of deferred compensation 109,042         109,042  
Net income for the year 1,888,286       1,888,286    
Foreign currency translation adjustment 785,599           785,599
Balance at Dec. 31, 2011 $ 16,649,099 $ 1,577 $ 7,915,747 $ 802,749 $ 6,076,805   $ 1,852,221
Balance (in shares) at Dec. 31, 2011   3,153,516