XML 109 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Tax (Tables)
6 Months Ended
Jun. 30, 2013
Income Tax [Abstract]  
Summary of Pre-tax income in jurisdictions
 
  
 
Three months ended
   
Six months ended
 
   
June 30,
   
June 30,
 
   
2013
   
2012
   
2013
   
2012
 
PRC
  $ 2,863,460     $ 1,582,335     $ 5,548,096     $ 3,350,278  
Samoa
    636,295       882,620       1,462,766       1,713,142  
BVI
    (1,003 )     26,204       (2,318 )     (38,159 )
Others
    (3,000 )     181,000       283,918       292,964  
 
  $ 3,495,752     $ 2,672,159     $ 7,292,462     $ 5,318,225  
Summary of Reconciliation of PRC statutory rates to the Company's effective tax rate
   
Three months ended
   
Six months ended
 
   
June 30,
   
June 30,
 
   
2013
   
2012
   
2013
   
2012
 
PRC statutory rate
   
25.0
%
   
25.0
%
   
25.0
%
   
25.0
%
Non-taxable or non-deductible items
   
-
     
(2.3
   
(1.4
)
   
(1.9
)
Effect of foreign income tax rates
   
(4.5
)
   
(8.5
)
   
(5.0
)
   
(7.9
)
Other
   
1.5
     
(2.2
   
1.7
     
0.7
 
Effective income tax rate
   
22.0
%
   
12.0
%
   
20.3
%
   
15.9
%
 
Summary of Components of income tax expense
   
Three months ended
   
Six months ended
 
   
June 30,
   
June 30,
 
   
2013
   
2012
   
2013
   
2012
 
Current
 
$
626,528
   
$
121,988
   
$
855,572
   
$
265,092
 
Deferred
   
142,013
     
199,022
     
622,600
     
580,774
 
Income tax expense
 
$
768,541
   
$
321,010
   
$
1,478,172
   
$
845,866