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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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| Revenue | $ 29,412,970 | $ 22,798,450 | $ 60,834,728 | $ 47,568,786 |
| Cost of revenue | (20,397,519) | (15,684,077) | (42,355,627) | (32,749,750) |
| Gross profit | 9,015,451 | 7,114,373 | 18,479,101 | 14,819,036 |
| Operating expenses: | ||||
| Selling and distribution expenses | (1,419,933) | (454,427) | (1,901,446) | (849,681) |
| General and administrative expenses | (1,042,598) | (717,159) | (2,237,082) | (1,462,981) |
| Total operating expenses | (2,462,531) | (1,171,586) | (4,138,528) | (2,312,662) |
| Income from operations | 6,552,920 | 5,942,787 | 14,340,573 | 12,506,374 |
| Interest and other (expense) income, net | (25,006) | 17,562 | (20,796) | 21,192 |
| Finance costs | (59,633) | (48,131) | (102,010) | (77,784) |
| Income before income taxes | 6,468,281 | 5,912,218 | 14,217,767 | 12,449,782 |
| Income taxes | (1,013,121) | (1,568,838) | (3,244,433) | (3,162,190) |
| Net income | 5,455,160 | 4,343,380 | 10,973,334 | 9,287,592 |
| Other comprehensive income: | ||||
| Foreign currency translation gain | 468,992 | 97,697 | 682,096 | 98,687 |
| Total comprehensive income | $ 5,924,152 | $ 4,441,077 | $ 11,655,430 | $ 9,386,279 |
| Weighted average number of shares outstanding, basic and diluted | 317,409,000 | 317,409,000 | 338,528,116 | 317,409,000 |
| Income per share, basic and diluted | $ 0.02 | $ 0.01 | $ 0.03 | $ 0.03 |
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- Definition
Interest and Other Nonoperating Income (Expense), Net
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- Definition
Weighted Average Number of Shares Outstanding where Basic and Diluted are the same and reported as a single line
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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