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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Statutory Reserve [Member] | Retained Earnings [Member] | Total
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2008 | $ 9,685,000 | $ 8,002,815 | $ 1,383,959 | $ 6,241 | $ 185,981 | $ 9,588,681
Balance, shares (in Shares) at Dec. 31, 2008 | 9,685 |  |  |  |  |
Cumulative effect of a change in accounting principle |  |  |  |  | (384,957) | (384,957)
Capital contribution |  | 2,400,000 |  |  |  | 2,400,000
Net income for the year |  |  |  |  | 4,643,643 | 4,643,643
Transfer to statutory reserve |  |  |  |  |  |
Dividend declared and paid |  |  |  |  | (6,267,815) | (6,267,815)
Foreign currency translation gain (loss) |  |  | (67,074) |  |  | (67,074)
Balance at Dec. 31, 2009 | 9,685,000 | 10,402,815 | 1,316,885 | 6,241 | (1,823,148) | 9,912,478
Balance, shares (in Shares) at Dec. 31, 2009 | 9,685 |  |  |  |  | 9,685,000
Balance at Jan. 01, 2010 |  |  |  |  |  |
Capital contribution |  | 500,000 |  |  |  | 500,000
Net income for the year |  |  |  |  | 4,203,009 | 4,203,009
Transfer to statutory reserve |  |  |  |  |  |
Dividend declared and paid |  |  |  |  | (2,172,590) | (2,172,590)
Foreign currency translation gain (loss) |  |  | 294,871 |  |  | 294,871
Balance at Dec. 31, 2010 | $ 9,685,000 | $ 10,902,815 | $ 1,611,756 | $ 6,241 | $ 207,271 | $ 12,737,768
Balance, shares (in Shares) at Dec. 31, 2010 | 9,685 |  |  |  |  | 9,685,000

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- Definition Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 + Details
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