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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
Treasury stock, shares at Dec. 31, 2012   184,599         184,599
Balance, Shares Issued at Dec. 31, 2012 38,552,070           38,552,070
Balance, shares at Dec. 31, 2012 38,367,471           38,367,471
Translation adjustments           5,066,274 5,066,274
Issuance of stock options to employees     532,300          532,300
Net income         7,238,864   7,238,864
Transfer to statutory common reserve fund       411,892 (411,892)    0
Balance at Jun. 30, 2013 $ 19,276 $ (500,000) $ 80,021,488 $ 16,385,779 $ 153,572,726 $ 27,562,553 $ 277,061,822
Treasury stock, shares at Jun. 30, 2013   184,599         184,599
Balance, Shares Issued at Jun. 30, 2013 38,552,070           38,552,070
Balance, shares at Jun. 30, 2013 38,367,471           38,367,471