XML 32 R29.htm IDEA: XBRL DOCUMENT v3.3.0.814
2. BUSINESS ACQUISITION (Tables)
9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of fair value of identifiable assets and liabilities
Cash $ 14,074,720  
Accounts receivable   19,365,259  
Inventories   1,646,196  
Other current assets   82,562  
Property, plant and equipment, net   17,891,360  
Prepaid land leases, net of current portion   4,800,404  
Goodwill   30,173,391  
Accounts payable and accrued expenses   (8,670,568 )
Taxes payable   (963,458 )
Cumulative translation adjustment   1,278,880  
Total purchase price $ 79,678,746  

 

The following table shows supplemental information of the results of operations on a pro forma basis for the nine months ended September 31, 2015 and 2014, as if the acquisition of SCRC had been completed at the beginning of the Company’s interim periods presented.

  

  For the nine months ended
    September 30, 2015   September 30, 2014
Net Revenue $ 132,576,760 $ 127,327,152
Net Income $ 28,239,987 $ 24,611,499
EARNINGS PER SHARE        
-Basic $ 0.61 $ 0.54
-Diluted $ 0.60 $ 0.53