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v3.6.0.2

Consolidated Statements of Changes in Stockholders' Equity - USD ($) | Total | Common Stock | Additional Paid-in Capital | Statutory Earnings Reserve | Accumulated Other Comprehensive Income (loss) | Retained Earnings
--- | --- | --- | --- | --- | --- | ---
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 |  |  |  |
Foreign currency translation adjustment | (11,784,410) |  |  |  | (11,784,410) |
Issuance of shares to officer and directors | 1,417,395 | $ 1,134 | 1,416,261 |  |  |
Issuance of shares to officer and directors, Shares |  | 1,133,916 |  |  |  |
Net income | 7,312,976 |  |  |  |  | 7,312,976
Balance at Dec. 31, 2016 | $ 172,755,386 | $ 21,450 | $ 50,635,243 | $ 6,080,574 | $ (5,441,391) | $ 121,459,510
Balance, Shares at Dec. 31, 2016 |  | 21,450,316 |  |  |  |

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