XML 62 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 35,521,672 $ 41,534,386 $ 69,930,671 $ 74,759,605
Cost of sales (29,736,008) (32,725,129) (56,391,835) (58,178,640)
Gross Profit 5,785,664 8,809,257 13,538,836 16,580,965
Selling, general and administrative expenses (686,130) (719,679) (1,730,802) (1,579,965)
Loss from disposal of property, plant and equipment   (607)   (69,168)
Income from Operations 5,099,534 8,088,971 11,808,034 14,931,832
Other Income (Expense):        
Interest income 5,994 13,108 10,710 24,254
Interest expense (220,761) (136,989) (425,635) (267,055)
Income before Income Taxes 4,884,767 7,965,090 11,393,109 14,689,031
Provision for Income Taxes (1,273,977) (2,104,140) (3,100,628) (3,975,157)
Net Income 3,610,790 5,860,950 8,292,481 10,713,874
Other Comprehensive Income:        
Foreign currency translation adjustment 92,341 1,792,556 761,834 2,456,054
Total Comprehensive Income $ 3,703,131 $ 7,653,506 $ 9,054,315 $ 13,169,928
Earnings Per Share:        
Basic and Fully Diluted Earnings per Share $ 0.20 $ 0.32 $ 0.45 $ 0.58
Weighted Average Number of Shares        
Outstanding - Basic and Fully Diluted 18,459,775 18,350,186 18,453,754 18,348,464