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CONSOLIDATED STATEMENTS 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, 2011 $ 243,112,756 $ 17,373 $ (500,000) $ 74,107,979 $ 14,409,557 $ 133,314,581 $ 21,763,266
Beginning Balance (in shares) at Dec. 31, 2011 34,745,342 34,745,342          
Beginning Balance (in shares) at Dec. 31, 2011 34,560,743 34,560,743 184,599        
Translation adjustment (1,038,104)           (1,038,104)
Issuance of stock options to employees 26,300     26,300      
Net income 8,975,781         8,975,781  
Transfer to statutory common reserve fund         1,239,356 (1,239,356)  
Ending Balance at Jun. 30, 2012 $ 251,076,733 $ 17,373 $ (500,000) $ 74,134,279 $ 15,648,913 $ 141,051,006 $ 20,725,162
Ending Balance (in shares) at Jun. 30, 2012 34,745,342 34,745,342          
Ending Balance (in shares) at Jun. 30, 2012 34,560,743 34,560,743 184,599