XML 20 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue$ 5,689,043$ 5,458,818$ 16,354,533$ 12,930,769
Costs of revenue(3,272,012)(3,199,072)(10,098,506)(7,776,867)
Gross profit2,417,0312,259,7466,256,0275,153,902
Service income58,64192,648215,069274,154
Service expenses(21,983)(40,479)(83,355)(108,825)
General and administrative expense(396,692)(355,431)(1,412,859)(875,840)
Selling expense(398,520)(351,469)(1,093,013)(834,279)
Operating Income1,658,4771,605,0153,881,8693,609,112
Financial expenses (including interest expense of $53,915, $48,255, $26,922 and $21,452 for the nine and three months ended September 30, 2011 and 2010, respectively)(30,217)(43,725)(57,689)(98,411)
Change in fair value of warrants liability27,49196,412177,358114,806
Income before provision for income taxes and non-controlling interest1,655,7511,657,7024,001,5383,625,507
Provision for income tax(270,758)(245,569)(667,400)(543,749)
Net income1,384,9931,412,1333,334,1383,081,758
Non-Controlling interest in income(5,738)(4,570)(11,392)(14,561)
Net income attributable to Dehaier Medical Systems Limited1,379,2551,407,5633,322,7463,067,197
Net income1,384,9931,412,1333,334,1383,081,758
Other comprehensive income    
Foreign currency translation adjustments326,694284,892838,069412,050
Comprehensive Income1,711,6871,697,0254,172,2073,493,808
Comprehensive income attributable to the non-controlling interest(22,682)(22,334)(56,927)(40,871)
Comprehensive income attributable to Dehaier Medical Systems Limited$ 1,689,005$ 1,674,691$ 4,115,280$ 3,452,937
Earnings per share    
-Basic (in dollars per share)$ 0.31$ 0.31$ 0.74$ 0.79
-Diluted (in dollars per share)$ 0.31$ 0.30$ 0.74$ 0.77
Weighted average number of common shares used in computation    
-Basic (in shares)4,510,0004,500,0004,507,5823,887,868
-Diluted (in shares)4,510,0004,657,5004,507,5823,981,094