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v3.3.1.900

Consolidated Statements of Changes in Stockholders' Equity - USD ($) | Total | Common Stock | Additional Paid-in Capital | Statutory Earnings Reserve | Accumulated Other Comprehensive Income | Retained Earnings
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2012 | $ 142,768,801 | $ 18,460 | $ 46,135,975 | $ 5,963,960 | $ 12,327,439 | $ 78,322,967
Balance, Shares at Dec. 31, 2012 |  | 18,459,775 |  |  |  |
Issuance of shares to officer and directors | 790,020 | $ 297 | $ 789,723 |  |  |
Issuance of shares to officer and directors, Shares |  | 297,000 |  |  |  |
Foreign currency translation adjustment | $ 4,818,869 |  |  |  | $ 4,818,869 |
Transfer to statutory earnings reserve |  |  |  | $ 74,446 |  | $ (74,446)
Cancellation of certain 2011 director shares | $ (16,158) | $ (3) | $ (16,155) |  |  |
Cancellation of certain 2011 director shares, Shares |  | (2,875) |  |  |  |
Cash dividend paid | (323,032) |  |  |  |  | $ (323,032)
Net income | 13,014,648 |  |  |  |  | 13,014,648
Balance at Dec. 31, 2013 | 161,053,148 | $ 18,754 | $ 46,909,543 | $ 6,038,406 | $ 17,146,308 | $ 90,940,137
Balance, Shares at Dec. 31, 2013 |  | 18,753,900 |  |  |  |
Issuance of shares | 1,495,810 | $ 1,562 | 1,494,248 |  |  |
Issuance of shares, Shares |  | 1,562,500 |  |  |  |
Issuance of warrants | 815,191 |  | $ 815,191 |  |  |
Foreign currency translation adjustment | $ (125,143) |  |  |  | $ (125,143) |
Transfer to statutory earnings reserve |  |  |  | $ 42,168 |  | $ (42,168)
Net income | $ 11,706,360 |  |  |  |  | 11,706,360
Balance at Dec. 31, 2014 | 174,945,366 | $ 20,316 | $ 49,218,982 | $ 6,080,574 | $ 17,021,165 | $ 102,604,329
Balance, Shares at Dec. 31, 2014 |  | 20,316,400 |  |  |  |
Foreign currency translation adjustment | (10,678,146) |  |  |  | $ (10,678,146) |
Net income | 11,542,205 |  |  |  |  | $ 11,542,205
Balance at Dec. 31, 2015 | $ 175,809,425 | $ 20,316 | $ 49,218,982 | $ 6,080,574 | $ 6,343,019 | $ 114,146,534
Balance, Shares at Dec. 31, 2015 |  | 20,316,400 |  |  |  |

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