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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) | Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Retained earnings appropriated | Cumulative Translation Adjustment | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2014 | $ 19,456 | $ (561,728) | $ 80,380,008 | $ 183,480,402 | $ 18,078,392 | $ 30,676,883 | $ 312,073,413
Shares Issued at Dec. 31, 2014 | 38,911,014 | 238,149 |  |  |  |  |
Balance, shares at Dec. 31, 2014 | 38,672,865 |  |  |  |  |  |
Translation adjustments |  |  |  |  |  | $ 365,032 | 365,032
Common stock repurchased |  | $ (37,713) |  |  |  |  | $ (37,713)
Common stock repurchased, shares | (31,000) | 31,000 |  |  |  |  |
Common stock issued for cashless exercise of stock options | $ 49 |  | $ (49) |  |  |  |
Common stock issued for cashless exercise of stock options issued | 97,244 |  |  |  |  |  |
Common stock issued for cashless exercise of stock options, shares | 97,244 |  |  |  |  |  |
Issuance stock options to employees and directors |  |  | 343,800 |  |  |  | $ 343,800
Common stock issued for business acquisition | $ 3,634 |  | $ 13,369,506 |  |  |  | 13,373,140
Common stock issued for business acquisition issued | 7,268,011 |  |  |  |  |  |
Common stock issued for business acquisition, shares | 7,268,011 |  |  |  |  |  |
Net income |  |  |  | $ 16,090,531 |  |  | $ 16,090,531
Transfer to statutory common reserve fund |  |  |  | (1,067,484) | $ 1,067,484 |  |
Balance at Jun. 30, 2015 | $ 23,139 | $ (599,441) | $ 94,093,265 | $ 198,503,449 | $ 19,145,876 | $ 31,041,915 | $ 342,208,203
Shares Issued at Jun. 30, 2015 | 46,276,269 |  |  |  |  |  |
Balance, shares at Jun. 30, 2015 | 46,007,120 | 269,149 |  |  |  |  |

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