XML 13 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Income Statements (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES$ 11,676,696$ 21,262,054$ 41,851,257$ 57,080,010
COST OF REVENUES9,046,01515,840,88931,617,02542,264,893
GROSS PROFIT2,630,6815,421,16510,234,23214,815,117
OPERATING EXPENSES:    
Depreciation84,53178,478505,326239,493
Selling, general and administrative913,1981,206,0582,773,6943,502,239
Total Operating Expenses997,7291,284,5363,279,0203,741,732
INCOME FROM OPERATIONS1,632,9524,136,6296,955,21211,073,385
OTHER INCOME (EXPENSE):    
Interest income1104909403,212
Interest expense(60,452)(23,923)(122,980)(117,336)
Foreign currency loss(1,476)(6,172)(4,817)(13,073)
Grant income0132049,278
Other income14,266091,3790
Total Other Income (Expense)(47,552)(29,473)(35,478)(77,919)
INCOME BEFORE INCOME TAXES1,585,4004,107,1566,919,73410,995,466
INCOME TAXES450,4101,133,5661,949,6253,051,682
NET INCOME1,134,9902,973,5904,970,1097,943,784
COMPREHENSIVE INCOME:    
NET INCOME1,134,9902,973,5904,970,1097,943,784
OTHER COMPREHENSIVE INCOME:    
Unrealized foreign currency translation gain655,213908,8032,145,9961,124,886
COMPREHENSIVE INCOME, TOTAL$ 1,790,203$ 3,882,393$ 7,116,105$ 9,068,670
NET INCOME PER COMMON SHARE:    
Basic$ 0.06$ 0.16$ 0.26$ 0.45
Diluted$ 0.05$ 0.12$ 0.20$ 0.32
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic19,976,74118,177,40519,370,28117,671,530
Diluted24,621,59425,312,97925,126,37324,904,210