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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) (USD $)
Common Stock
Treasury Stock
Additional Paid-In Capital
Statutory Common Reserve
Retained Earnings
Cumulative Translation Adjustment
Total
Balance at Dec. 31, 2012 $ 19,276 $ (500,000) $ 79,489,188 $ 15,973,887 $ 146,745,754 $ 22,496,279 $ 264,224,384
Balance, shares at Dec. 31, 2012 38,367,471           38,367,471
Translation adjustments           767,766 767,766
Issuance of warrants to non-employees     4,900       4,900
Net income       1,882,965     1,882,965
Transfer to statutory common reserve fund     64,202 (64,202)      
Balance at Mar. 31, 2013 $ 19,276 $ (500,000) $ 79,494,088 $ 16,038,089 $ 148,564,517 $ 23,264,045 $ 266,880,015
Balance, shares at Mar. 31, 2013 38,367,471           38,367,471