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CONSOLIDATED STATEMENT OF STOCKHOLDERS? EQUITY (USD $)
Total
Common stock [Member]
Treasury stock [Member]
Additional paid-in capital [Member]
Statutory common reserve [Member]
Retained earnings [Member]
Cumulative translation adjustment
Balance at Dec. 31, 2011 $ 243,112,756   $ (500,000) $ 74,107,979 $ 14,409,557 $ 133,314,581 $ 21,763,266
Balance, shares at Dec. 31, 2011 34,560,743   184,599        
Foreign currency translation adjustments (1,759,171)            
Issuance of stock options to employees 503,300     503,300     (1,759,171)
Net income 13,088,997         13,088,997  
Transfer to statutory common reserve fund          1,490,490 (1,490,490)  
Balance at Sep. 30, 2012 $ 254,945,882 $ 17,373 $ (500,000) $ 74,611,279 $ 15,900,047 $ 144,913,088 $ 20,004,095
Balance, shares at Sep. 30, 2012 34,560,743 34,745,342 184,599