XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Total
Balances at Dec. 31, 2011 $ 64,495us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 28,305,911us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 35,499,541us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (257,394)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
$ 107,127us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ 63,719,680us-gaap_StockholdersEquity
Balances (in shares) at Dec. 31, 2011 6,449,478us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Increase (Decrease) in Stockholders' Equity            
5% common stock dividend 3,240us-gaap_StockIssuedDuringPeriodValueStockDividend
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(4,390)us-gaap_StockIssuedDuringPeriodValueStockDividend
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      (1,150)us-gaap_StockIssuedDuringPeriodValueStockDividend
5% common stock dividend (in shares) 323,997us-gaap_CommonStockDividendsShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Cash dividend     (3,097,864)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    (3,097,864)us-gaap_DividendsCommonStockCash
Issuance of restricted common stock 730us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(730)us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
       
Issuance of restricted common stock (in shares) 73,041us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
        47,867us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
Exercise of stock options 643us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
810,352us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  (433,615)us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
  377,380us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
Exercise of stock options (in shares) 64,316us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
        64,316us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
Amortization of unearned compensation restricted stock awards   317,110us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      317,110us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
Amortization of compensation cost of unvested stock options   283,950us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      283,950us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Foreign currency translation adjustments         714,576us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
714,576us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Net Income (loss)     15,671,879us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    15,671,879us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Balances at Dec. 31, 2012 69,108us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
29,712,203us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
48,073,556us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(691,009)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
821,703us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
77,985,561us-gaap_StockholdersEquity
Balances (in shares) at Dec. 31, 2012 6,910,832us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Increase (Decrease) in Stockholders' Equity            
5% common stock dividend 3,461us-gaap_StockIssuedDuringPeriodValueStockDividend
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(4,400)us-gaap_StockIssuedDuringPeriodValueStockDividend
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      (939)us-gaap_StockIssuedDuringPeriodValueStockDividend
5% common stock dividend (in shares) 346,075us-gaap_CommonStockDividendsShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Issuance of restricted common stock (in shares)           39,204us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
Issuance (rescindment) of restricted common stock (30)us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
273,097us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      273,067us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross
Issuance (rescindment) of restricted common stock (in shares) (3,000)us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Exercise of stock options 1,095us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
975,385us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  (560,090)us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
  416,390us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
Exercise of stock options (in shares) 109,467us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
        109,468us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
Amortization of unearned compensation restricted stock awards   492,692us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      492,692us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
Amortization of compensation cost of unvested stock options   206,952us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      206,952us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Foreign currency translation adjustments         (3,926,881)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(3,926,881)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Net Income (loss)     (6,316,041)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    (6,316,041)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Balances at Dec. 31, 2013 73,634us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
31,655,929us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
41,757,515us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(1,251,099)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(3,105,178)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
69,130,801us-gaap_StockholdersEquity
Balances (in shares) at Dec. 31, 2013 7,363,374us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
        7,363,374us-gaap_CommonStockSharesOutstanding
Increase (Decrease) in Stockholders' Equity            
Issuance of restricted common stock (in shares)           180,833us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
Issuance (rescindment) of restricted common stock 146us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Issuance of restricted common stock, net of retirements 28us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
70,768us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      70,796us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
Issuance of restricted common stock, net of retirements 2,753us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Forfeiture of Stock Options   622us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationForfeited
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      622us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationForfeited
Exercise of stock options   154,408us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      154,554us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
Exercise of stock options (in shares) 14,653us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
        14,652us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
Amortization of unearned compensation restricted stock awards   358,678us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      358,678us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
Amortization of compensation cost of unvested stock options   259,264us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      259,264us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Foreign currency translation adjustments         (3,383,405)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(3,383,405)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Net Income (loss)     (9,528,330)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    (9,528,330)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Balances at Dec. 31, 2014 $ 73,808us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 32,498,425us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 32,229,185us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (1,251,099)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
$ (6,488,583)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ 57,061,736us-gaap_StockholdersEquity
Balances (in shares) at Dec. 31, 2014 7,380,780us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
        7,380,780us-gaap_CommonStockSharesOutstanding