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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
Total
Goods and Services Exchanged for Equity Instrument
Director
Cash
Public Offering
Officer
Officers and directors
Common Stock
Common Stock
Goods and Services Exchanged for Equity Instrument
Common Stock
Director
Common Stock
Cash
Common Stock
Public Offering
Common Stock
Officer
Common Stock
Officers and directors
Additional Paid-in Capital
Additional Paid-in Capital
Goods and Services Exchanged for Equity Instrument
Additional Paid-in Capital
Director
Additional Paid-in Capital
Cash
Additional Paid-in Capital
Public Offering
Additional Paid-in Capital
Officer
Additional Paid-in Capital
Officers and directors
Statutory Earnings Reserve
Accumulated Other Comprehensive Income
Retained Earnings
Beginning Balance at Dec. 31, 2008 $ 34,089,156             $ 11,275             $ 9,598,944             $ 3,079,063 $ 4,092,839 $ 17,307,035
Beginning Balance (in shares) at Dec. 31, 2008               11,275,497                                
Employee stock compensation (in shares)               15,250                                
Employee stock compensation 82,876             16             82,860                  
Warrants issued for services 230,190                           230,190                  
Issuance of common stock (in shares)                 297,294 1,204,340 2,083,333                          
Issuance of common stock   362,211 4,000,000 4,898,849         297 1,205 2,083         361,914 3,998,795 4,896,766            
Foreign currency translation adjustment (108,534)                                           (108,534)  
Transfer to statutory earnings reserve                                           1,363,387   (1,363,387)
Net income for the year 12,720,208                                             12,720,208
Ending Balance at Dec. 31, 2009 56,274,956             14,876             19,169,469             4,442,450 3,984,305 28,663,856
Ending Balance (in shares) at Dec. 31, 2009               14,875,714                                
Warrants issued for services (in shares)               16,597                                
Warrants issued for services (35,576)             16             (30,048)               (5,544)  
Issuance of common stock (in shares)                       3,450,000 2,500                      
Issuance of common stock         26,570,161 21,527           3,450 3           26,566,711 21,524        
Foreign currency translation adjustment 3,159,472                                           3,159,472  
Transfer to statutory earnings reserve                                           1,219,137   (1,219,137)
Net income for the year 15,551,536                                             15,551,536
Ending Balance at Dec. 31, 2010 101,542,076             18,345             45,727,656             5,661,587 7,138,233 42,996,255
Ending Balance (in shares) at Dec. 31, 2010               18,344,811                                
Issuance of common stock (in shares)                           5,380                    
Issuance of common stock             30,369             5             30,364      
Foreign currency translation adjustment 4,304,334                                           4,304,334  
Transfer to statutory earnings reserve                                           201,855   (201,855)
Net income for the year 21,648,664                                             21,648,664
Ending Balance at Dec. 31, 2011 $ 127,525,443             $ 18,350             $ 45,758,020             $ 5,863,442 $ 11,442,567 $ 64,443,064
Ending Balance (in shares) at Dec. 31, 2011               18,350,191