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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock
Treasury stock
Additional paid-in capital
Statutory common reserve
Retained earnings
Cumulative translation adjustment
Beginning Balance at Dec. 31, 2010 $ 192,685,194 $ 17,368   $ 66,626,584 $ 10,271,293 $ 106,500,085 $ 9,269,864
Beginning Balance (in shares) at Dec. 31, 2010 34,735,912 34,735,912          
Beginning Balance (in shares) at Dec. 31, 2010 34,735,912 34,735,912          
Translation adjustment 4,837,801           4,837,801
Common stock repurchased (in shares)   (100,500) 100,500        
Common stock repurchased (348,147)   (348,147)        
Common stock issued for exercising stock options (in shares)   9,430          
Common stock issued for exercising stock options   5   (5)      
Issuance of warrants to non-employees 452,000     452,000      
Issuance of stock options to employees 2,717,000     2,717,000      
Net income for six-month period ended June 30, 2011 24,388,254         24,388,254  
Ending Balance at Jun. 30, 2011 $ 224,732,102 $ 17,373 $ (348,147) $ 69,795,579 $ 10,271,293 $ 130,888,339 $ 14,107,665
Ending Balance (in shares) at Jun. 30, 2011 34,745,342 34,745,342          
Ending Balance (in shares) at Jun. 30, 2011 34,644,842 34,644,842 100,500