XML 13 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue $ 7,712,784 $ 4,830,862 $ 10,665,490 $ 7,471,951
Costs of revenue (4,871,247) (2,911,077) (6,826,494) (4,577,795)
Gross profit 2,841,537 1,919,785 3,838,996 2,894,156
Service income 71,595 88,439 156,428 181,506
Service expenses (20,675) (40,325) (61,372) (68,346)
General and administrative expense (512,641) (297,024) (1,016,167) (520,409)
Selling expense (454,792) (314,959) (694,493) (482,810)
Operating Income 1,925,024 1,355,916 2,223,392 2,004,097
Financial expenses (including interest expense of $26,993, $26,728, $10,816 and $7,900 for the six and three months ended June 30, 2011 and 2010, respectively) (11,859) (35,360) (27,472) (54,686)
Change in fair value of warrants liability 140,341 18,394 149,867 18,394
Income before provision for income taxes and non-controlling interest 2,053,506 1,338,950 2,345,787 1,967,805
Provision for income tax (314,105) (203,297) (396,642) (298,180)
Net income 1,739,401 1,135,653 1,949,145 1,669,625
Non-controlling interest in (income) loss (1,324) 3,770 (5,654) (9,991)
Net income attributable to Dehaier Medical Systems Limited 1,738,077 1,139,423 1,943,491 1,659,634
Net income 1,739,401 1,135,653 1,949,145 1,669,625
Other comprehensive income        
Foreign currency translation adjustments 324,095 125,522 511,375 127,158
Comprehensive income 2,063,496 1,261,175 2,460,520 1,796,783
Comprehensive income attributable to the non-controlling interest (17,685) (8,335) (28,591) (8,546)
Comprehensive income attributable to Dehaier Medical Systems Limited $ 2,045,811 $ 1,252,840 $ 2,431,929 $ 1,788,237
Earnings per share        
-Basic (in dollars per share) $ 0.39 $ 0.27 $ 0.43 $ 0.46
-Diluted (in dollars per share) $ 0.39 $ 0.27 $ 0.43 $ 0.46
Weighted average number of common shares used in computation        
-Basic (in shares) 4,510,000 4,150,000 4,506,354 3,575,000
-Diluted (in shares) 4,510,000 4,265,000 4,506,354 3,632,500