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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) | Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings Unappropriated | Retained Earnings Appropriated | Cumulative Translation Adjustment | Total
--- | --- | --- | --- | --- | --- | --- | ---
Begning Balance, Amount at Dec. 31, 2013 | $ 19,383 | $ (500,000) | $ 80,033,981 | $ 166,421,427 | $ 17,265,572 | $ 31,754,729 | $ 294,995,092
Begning Balance, Number of shares issued at Dec. 31, 2013 | 38,765,201 |  |  |  |  |  |
Begning Balance, Number of shares outstanding at Dec. 31, 2013 | 38,580,602 |  |  |  |  |  |
Begning Balance, Number of shares treasury stock at Dec. 31, 2013 | 184,599 |  |  |  |  |  |
Translation adjustment |  |  |  |  |  | $ (1,077,846) | $ (1,077,846)
Common stock repurchased, Number of shares outstanding | (53,550) |  |  |  |  |  |
Common stock repurchased, Number of shares treasury stock | 53,550 | (61,728) |  |  |  |  | (61,728)
Cashless exercise of stock options, Amount | $ 73 |  | $ (73) |  |  |  | $ 73
Cashless exercise of stock options, Number of shares issued | 145,813 |  |  |  |  |  |
Cashless exercise of stock options, Number of shares outstanding | 145,813 |  |  |  |  |  |
Issuance of stock options to employees |  |  | 346,100 |  |  |  | 346,100
Net income for year ended |  |  |  | $ 17,871,795 |  |  | $ 17,871,795
Transfer to statutory common reserve fund |  |  |  | (812,820) | $ 812,820 |  |
Ending Balance, Amount at Dec. 31, 2014 | $ 19,456 | $ (561,728) | 80,380,008 | 183,480,402 | 18,078,392 | $ 30,676,883 | $ 312,073,413
Ending Balance, Number of shares issued at Dec. 31, 2014 | 38,911,014 |  |  |  |  |  |
Ending Balance, Number of shares outstanding at Dec. 31, 2014 | 38,672,865 |  |  |  |  |  |
Ending Balance, Number of shares treasury stock at Dec. 31, 2014 | 238,149 |  |  |  |  |  |
Translation adjustment |  |  |  |  |  | (21,740,602) | $ (21,740,602)
Common stock repurchased, Number of shares outstanding | (31,000) |  |  |  |  |  |
Common stock repurchased, Number of shares treasury stock | 31,000 | (37,713) |  |  |  |  | (37,713)
Cashless exercise of stock options, Amount | $ 49 |  | (49) |  |  |  | $ 49
Cashless exercise of stock options, Number of shares issued | 97,244 |  |  |  |  |  |
Cashless exercise of stock options, Number of shares outstanding | 97,244 |  |  |  |  |  |
Issuance of stock options to employees |  |  | 374,600 |  |  |  | 374,600
Common stock issued for business acquisition, Amount | $ 3,634 |  | 13,369,506 |  |  |  | 13,373,140
Common stock issued for business acquisition, Number of shares issued | 7,268,011 |  |  |  |  |  |
Common stock issued for business acquisition, Number of shares outstanding | 7,268,011 |  |  |  |  |  |
Net income for year ended |  |  |  | 34,068,037 |  |  | 34,068,037
Transfer to statutory common reserve fund |  |  |  | (2,262,044) | 2,262,044 |  |
Ending Balance, Amount at Dec. 31, 2015 | $ 23,139 | $ (599,441) | $ 94,124,065 | $ 215,286,395 | $ 20,340,436 | $ 8,936,281 | $ 338,110,875
Ending Balance, Number of shares issued at Dec. 31, 2015 | 46,276,269 |  |  |  |  |  |
Ending Balance, Number of shares outstanding at Dec. 31, 2015 | 46,007,120 |  |  |  |  |  |
Ending Balance, Number of shares treasury stock at Dec. 31, 2015 | 269,149 |  |  |  |  |  |

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