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CONDENSED 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, 2013 | $ 19,383 | $ (500,000) | $ 80,033,981 | $ 17,265,572 | $ 166,421,427 | $ 31,754,729 | $ 294,995,092
Balance, shares at Dec. 31, 2013 | 38,580,602 |  |  |  |  |  |
Shares Issued at Dec. 31, 2013 | 38,765,201 | 184,599 |  |  |  |  |
Translation adjustments |  |  |  |  |  | (2,915,066) | (2,915,066)
Common stock issued for cashless exercise of stock options | 73 |  | (73) |  |  |  |
Common stock issued for cashless exercise of stock options, shares | 145,813 |  |  |  |  |  |
Issuance stock options to employees and directors |  |  | 30,000 |  |  |  | 30,000
Net income |  |  |  |  |  | 14,989,553 | 14,989,553
Transfer to statutory common reserve fund |  |  |  | 593,479 | (593,479) |  |
Balance at Sep. 30, 2014 | $ 19,456 | $ (500,000) | $ 80,063,908 | $ 17,859,051 | $ 180,817,501 | $ 28,839,663 | $ 307,099,579
Balance, shares at Sep. 30, 2014 | 38,726,415 |  |  |  |  |  |
Shares Issued at Sep. 30, 2014 | 38,911,014 | 184,599 |  |  |  |  |

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