ZIYANG CERAMICS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue:        
Net revenues $ 14,361,298 $ 9,864,590 $ 25,772,634 $ 17,348,207
Cost of sales 8,965,880 6,377,882 16,067,307 11,221,586
Gross profit 5,395,418 3,486,708 9,705,327 6,126,621
Operating expenses:        
Selling expenses 67,791 45,197 119,554 94,453
General and administrative 462,760 568,090 876,132 1,041,774
Total operating expenses 530,551 613,287 995,686 1,136,227
Operating income 4,864,867 2,873,421 8,709,641 4,990,394
Other income (expenses):        
Other expenses (14,446) (47,653) (16,954) (47,691)
Interest income 102,358 101,068 206,868 199,660
Interest expense (111,212) (142,385) (233,850) (270,126)
Gain from change in fair value of derivative liability 24,818   24,574  
Total other income (expenses) 1,518 (88,970) (19,362) (118,157)
Income before income taxes 4,866,385 2,784,451 8,690,279 4,872,237
Income taxes (886,773) (524,240) (1,552,722) (877,418)
Net income 3,979,612 2,260,211 7,137,557 3,994,819
Foreign currency translation gain 154,960 664,243 142,980 316,204
Comprehensive income $ 4,134,572 $ 2,924,454 $ 7,280,537 $ 4,311,023
Basic and diluted income per common share $ 0.40 $ 3.83 $ 0.82 $ 6.77
Weighted common shares outstanding- basic and diluted 10,001,220 590,035 8,728,448 590,035