XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
NET REVENUE        
Net revenue $ 47,531,989 $ 47,600,767 $ 80,320,482 $ 82,096,217
OPERATING INCOME (EXPENSE)        
Cost of net revenue (26,931,742) (29,195,255) (47,145,605) (53,076,901)
Sales, marketing and other operating expenses (100,613) (104,369) (176,446) (186,270)
Research and development cost (65,274) (70,378) (127,172) (130,215)
General and administrative expenses (2,056,943) (1,009,882) (3,785,403) (2,925,912)
Other operating income 105,055 110,239 209,613 220,521
Total Costs and Expenses (29,049,517) (30,269,645) (51,025,013) (56,098,777)
INCOME FROM OPERATIONS 18,482,472 17,331,122 29,295,469 25,997,440
OTHER INCOME (EXPENSE)        
Interest expense (42,065) (46,009) (83,976) (92,138)
Interest income 132,721 122,328 258,581 236,774
INCOME BEFORE TAXES 18,573,128 17,407,441 29,470,074 26,142,076
INCOME TAXES (4,821,450) (4,210,422) (7,643,276) (6,478,093)
NET INCOME 13,751,678 13,197,019 21,826,798 19,663,983
COMPREHENSIVE INCOME:        
NET INCOME 13,751,678 13,197,019 21,826,798 19,663,983
OTHER COMPREHENSIVE INCOME        
Foreign currency translation adjustments 7,261,237 (9,760,773) 9,298,509 (7,867,712)
COMPREHENSIVE INCOME $ 21,012,915 $ 3,436,246 $ 31,125,307 $ 11,796,271
EARNINGS PER SHARE:        
BASIC $ 0.29 $ 0.29 $ 0.47 $ 0.43
DILUTED $ 0.29 $ 0.28 $ 0.47 $ 0.42
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 46,793,791 46,008,102 46,793,791 46,007,611
DILUTED 46,796,848 46,631,091 46,800,545 46,685,709