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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue $ 6,983,128 $ 7,712,784 $ 10,299,059 $ 10,665,490
Costs of revenue (4,242,660) (4,871,247) (6,317,316) (6,826,494)
Gross profit 2,740,468 2,841,537 3,981,743 3,838,996
Service income 92,518 71,595 132,915 156,428
Service expenses (19,812) (20,675) (37,272) (61,372)
General and administrative expense (540,789) (512,641) (1,031,502) (1,016,167)
Selling expense (344,173) (454,792) (662,852) (694,493)
Operating Income 1,928,212 1,925,024 2,383,032 2,223,392
Financial expenses (including interest expense of $64,904, $26,993, $37,741 and $10,816 for the six and three months ended June 30, 2012 and 2011, respectively) (38,320) (11,859) (65,969) (27,472)
Non-operating Income 395 0 395 0
Change in fair value of warrants liability 107,441 140,341 (92,067) 149,867
Income before provision for income taxes and non-controlling interest 1,997,728 2,053,506 2,225,391 2,345,787
Provision for income tax (319,420) (314,105) (416,468) (396,642)
Net income 1,678,308 1,739,401 1,808,923 1,949,145
Non-Controlling interest in (income) loss 12,072 (1,324) 7,478 (5,654)
Net income attributable to Dehaier Medical Systems Limited 1,690,380 1,738,077 1,816,401 1,943,491
Net Income 1,678,308 1,739,401 1,808,923 1,949,145
Other comprehensive income        
Foreign currency translation adjustments (268,862) 324,095 (226,067) 511,375
Comprehensive Income 1,409,446 2,063,496 1,582,856 2,460,520
Comprehensive income attributable to the non-controlling interest 13,253 (17,685) 21,019 (28,591)
Comprehensive income attributable to Dehaier Medical Systems Limited $ 1,422,699 $ 2,045,811 $ 1,603,875 $ 2,431,929
Earnings per share        
-Basic (in dollars per share) $ 0.37 $ 0.39 $ 0.40 $ 0.43
-Diluted (in dollars per share) $ 0.36 $ 0.39 $ 0.39 $ 0.43
Weighted average number of common shares used in computation        
-Basic (in shares) 4,569,722 4,510,000 4,566,160 4,506,354
-Diluted (in shares) 4,717,639 4,510,000 4,714,077 4,506,354