|
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
|
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
| Net sales and revenues | $ 6,804,168 | $ 3,848,508 | $ 10,541,349 | $ 8,729,127 |
| Cost of sales and revenues | 4,027,666 | 2,468,422 | 6,338,255 | 5,500,416 |
| Gross profit | 2,776,502 | 1,380,086 | 4,203,094 | 3,228,711 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 1,347,544 | 929,092 | 2,352,360 | 1,848,697 |
| Research and development expenses | 627,633 | 524,208 | 1,180,901 | 998,776 |
| Total operating expenses | 1,975,177 | 1,453,300 | 3,533,261 | 2,847,473 |
| Operating income | 801,325 | (73,214) | 669,833 | 381,238 |
| Financing income, net | 15,345 | 24,842 | 26,728 | 42,967 |
| Income (loss) before income taxes | 816,670 | (48,372) | 696,561 | 424,205 |
| Income tax expense (benefit) | 265,000 | (27,000) | 221,000 | 144,000 |
| Net income (loss) | 551,670 | (21,372) | 475,561 | 280,205 |
| Net income per share: | ||||
| Basic income per share (in Dollars per share) | $ 0.12 | $ 0.00 | $ 0.10 | $ 0.06 |
| Diluted income per share (in Dollars per share) | $ 0.11 | $ 0.00 | $ 0.09 | $ 0.06 |
| Comprehensive income (loss) : | ||||
| Net income (loss) | 551,670 | (21,372) | 475,561 | 280,205 |
| Foreign currency translation adjustments, net of tax | (35,952) | (416) | (12,017) | 3,398 |
| Comprehensive income (loss) | $ 515,718 | $ (21,788) | $ 463,544 | $ 283,603 |