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Consolidated Income Statements (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
REVENUES $ 55,579,262 $ 79,548,609
COST OF REVENUES 42,275,919 58,628,150
GROSS PROFIT 13,303,343 20,920,459
OPERATING EXPENSES:    
Depreciation 1,112,769 319,239
Selling, general and administrative 4,007,997 5,091,592
Total Operating Expenses 5,120,766 5,410,831
INCOME FROM OPERATIONS 8,182,577 15,509,628
OTHER INCOME (EXPENSE):    
Interest income 3,652 3,794
Interest expense (193,709) (147,428)
Foreign currency gain (loss) 5,046 (15,338)
Grant income 0 49,552
Other income 103,448 0
Total Other Income (Expense) (81,563) (109,420)
INCOME BEFORE INCOME TAXES 8,101,014 15,400,208
INCOME TAXES 2,340,471 4,325,876
NET INCOME 5,760,543 11,074,332
COMPREHENSIVE INCOME:    
NET INCOME 5,760,543 11,074,332
OTHER COMPREHENSIVE INCOME:    
Unrealized foreign currency translation gain 2,549,278 1,907,789
COMPREHENSIVE INCOME $ 8,309,821 $ 12,982,121
NET INCOME PER COMMON SHARE:    
Basic $ 2.94 $ 6.19
Diluted $ 2.30 $ 4.36
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic 1,962,146 1,787,994
Diluted 2,500,805 2,539,682