XML 27 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Revenues   $ 1,234,167   $ 2,015,223
Expenses        
General and administrative expenses $ 109,802 168,261 $ 194,085 241,434
Net operating income (loss) (109,802) 1,065,906 (194,085) $ 1,773,789
Other income and (expense)        
Interest income 242 $ (2,469) 1,059  
Interest expense - related party (1,474)   (4,636) $ (4,910)
Interest expense (21,586)   (43,611)  
Total other income and (expense) (22,818) $ (2,469) (47,188) $ (4,910)
Income (loss) before income taxes $ (132,620) 1,063,437 $ (241,273) 1,768,879
Income tax expense   135,154   226,380
Net income (loss) $ (132,620) 928,283 $ (241,273) 1,542,499
Other comprehensive income (loss)        
Unrealized foreign currency income (loss) 111,536 (11,590) (449,912) (67,814)
NET COMPREHENSIVE INCOME (LOSS) $ (21,084) $ 916,693 $ (691,185) $ 1,474,685
Net income (loss) per share - basic $ 0.00 $ 0.01 $ 0.00 $ 0.01
Net income (loss) per share - dilutive $ 0.00 $ 0.01 $ 0.00 $ 0.01
Weighted average number of shares outstanding - basic 125,601,282 125,585,532 125,601,282 125,585,532
Weighted average number of shares outstanding - dilutive 125,808,721 125,804,113 125,808,721 125,804,894