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12. Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Summarized financial information by reportable segment for the three and six months ended June 30, 2013 and 2012 follow:

	For the six		For the six			For the three		For the three
	months ended		months ended			months ended		months ended
Statement of Operations Data	June 30, 2013		June 30, 2012			June 30, 2013		June 30, 2012
Revenues
India	$	23,062,075	$	4,524,806		$	11,520,882	$	2,211,109
North America		43,710,648		83,950,836			35,831,627		42,068,757
Other		-		-			-		-
Total revenues	$	66,772,723	$	88,475,642		$	47,352,509	$	44,279,866

Cost of goods sold
India	$	19,633,011	$	4,834,372		$	8,878,236	$	2,426,783
North America		43,141,731		87,920,722			34,724,006		43,874,023
Other		-		-			-		-
Total cost of goods sold	$	62,774,742	$	92,755,094		$	43,602,242	$	46,300,806

Gross profit/(loss)
India	$	3,429,064	$	(309,566	)	$	2,642,646	$	(215,674	)
North America		568,917		(3,969,886	)		1,107,621		(1,805,266	)
Other		-		-			-		-
Total gross profit/(loss)	$	3,997,981	$	(4,279,452	)	$	3,750,267	$	(2,020,940	)

Total assets consist of the following:

	June 30, 2013		December 31, 2012
India	$	15,673,103	$	15,597,333
North America (United States)		80,868,783		81,274,826
Other		—		—
Total Assets	$	96,541,886	$	96,872,159

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details