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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
NET REVENUE        
Net revenue $ 47,600,767 $ 49,350,070 $ 82,096,217 $ 84,260,899
OPERATING EXPENSES/INCOME        
Cost of net revenue (29,195,255) (32,280,120) (53,076,901) (57,760,978)
Sales, marketing and other operating expenses (104,369) (120,746) (186,270) (202,176)
Research and development cost (70,378) (63,470) (130,215) (111,705)
Exploration cost 0 0 0 (325,840)
General and administrative expenses (1,009,882) (2,434,246) (2,925,912) (4,415,363)
Other operating income 110,239 109,901 220,521 227,203
Total Costs and Expenses (30,269,645) (34,788,681) (56,098,777) (62,588,859)
INCOME FROM OPERATIONS 17,331,122 14,561,389 25,997,440 21,672,040
OTHER INCOME (EXPENSE)        
Interest expense (46,009) (51,013) (92,138) (101,866)
Interest income 122,328 108,182 236,774 235,143
INCOME BEFORE TAXES 17,407,441 14,618,558 26,142,076 21,805,317
INCOME TAXES (4,210,422) (3,843,298) (6,478,093) (5,714,786)
NET INCOME 13,197,019 10,775,260 19,663,983 16,090,531
COMPREHENSIVE INCOME:        
Net income 13,197,019 10,775,260 19,663,983 16,090,531
OTHER COMPREHENSIVE INCOME/(LOSS)        
Foreign currency translation adjustments (9,760,773) 1,475,380 (7,867,712) 365,032
COMPREHENSIVE INCOME $ 3,436,246 $ 12,250,640 $ 11,796,271 $ 16,455,563
EARNINGS PER SHARE:        
BASIC $ 0.29 $ 0.23 $ 0.43 $ 0.36
DILUTED $ 0.28 $ 0.23 $ 0.42 $ 0.36
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 46,008,102 45,928,234 46,007,611 44,313,537
DILUTED 46,631,091 47,143,073 46,685,709 45,319,208