XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
REVENUES $ 17,635,271 $ 13,884,699
COST OF REVENUES 13,361,985 10,754,609
GROSS PROFIT 4,273,286 3,130,090
OPERATING EXPENSES:    
Depreciation 109,859 107,214
Selling, general and administrative 887,470 738,000
Total Operating Expenses 997,329 845,214
INCOME FROM OPERATIONS 3,275,957 2,284,876
OTHER INCOME (EXPENSE):    
Interest income 5,240 481
Interest expense (57,727) (105,127)
Grant income 31,887   
Other income    28,930
Total Other Income (Expense), net (20,600) (75,716)
INCOME BEFORE INCOME TAXES 3,255,357 2,209,160
INCOME TAXES 858,999 586,560
NTE INCOME 2,396,358 1,622,600
COMPREHENSIVE INCOME:    
NET INCOME 2,396,358 1,622,600
OTHER COMPREHENSIVE (LOSS) INCOME:    
Unrealized foreign currency translation (loss) gain (781,788) 428,440
COMPREHENSIVE INCOME $ 1,614,570 $ 2,051,040
NET INCOME PER COMMON SHARE:    
Basic $ 0.68 $ 0.56
Diluted $ 0.68 $ 0.56
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic 3,503,502 2,894,586
Diluted 3,503,502 2,894,586