XML 42 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
2. BUSINESS ACQUISITION (Tables)
 12 Months Ended
Dec. 31, 2015
Business Acquisition Tables  
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   29,559,174  
Accounts payable and accrued expenses   (8,670,568 )
Taxes payable   (963,458 )
Cumulative translation adjustment   1,893,097  
Total purchase price $ 79,678,746  

 

The following table shows supplemental information of the results of operations on a pro forma basis for fiscal years 2015 and 2014, as if the acquisition of SCRC had been completed at the beginning of the Company’s fiscal years presented.

 

  Year Ended December 31,
    2015         2014
Net Revenue $ 168,031,383 $ 160,627,774
Net Income $ 35,538,071 $ 29,699,118
EARNINGS PER SHARE        
-Basic $ 0.79 $ 0.65
-Diluted $ 0.77 $ 0.64