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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue $ 20,987,725 $ 18,680,390 $ 58,708,134 $ 50,414,254
Cost of revenue 13,472,804 11,055,254 37,041,618 29,610,973
Gross profit 7,514,921 7,625,136 21,666,516 20,803,281
Operating expenses:        
Selling expenses 1,006,815 449,295 2,410,516 1,653,763
General and administrative expenses 621,336 873,157 2,525,230 2,420,412
Bad debt expense (76,187) 107,186 (185,463) 215,707
Total operating expenses 1,551,964 1,429,638 4,750,283 4,289,882
Government subsidy income 968 0 146,415 465,663
Income from operations 5,963,925 6,195,498 17,062,648 16,979,062
Other income (expense):        
Interest income 1,241 1,147 5,656 13,305
Interest expense (62,438) (37,667) (184,874) (139,788)
Derivative gain 0 429,687 934,260 1,795,196
Net other income (61,197) 393,167 755,042 1,668,713
Income before income taxes 5,902,728 6,588,665 17,817,690 18,647,775
Income tax expense (927,845) (674,051) (2,670,115) (1,796,749)
Net income 4,974,883 5,914,614 15,147,575 16,851,026
Other comprehensive income - foreign currency translation adjustment 1,556,979 1,774,575 4,404,968 2,192,273
Comprehensive income $ 6,531,862 $ 7,689,189 $ 19,552,543 $ 19,043,299
Earnings per Share:        
Basic $ 0.11 $ 0.14 $ 0.35 $ 0.39
Diluted $ 0.11 $ 0.14 $ 0.35 $ 0.39