|
Consolidated Statements of Income (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|
| Revenue | $ 10,944,633 | $ 9,852,715 | $ 30,378,570 | $ 24,641,197 |
| Cost of revenue | 8,549,203 | 6,666,967 | 23,244,712 | 17,804,186 |
| Gross profit | 2,395,430 | 3,185,748 | 7,133,858 | 6,837,011 |
| Selling expenses | 180,158 | 11,455 | 539,073 | 176,309 |
| General and administrative expenses | 327,595 | 326,457 | 1,422,089 | 1,078,284 |
| Total operating expenses | 507,753 | 337,912 | 1,961,162 | 1,254,593 |
| Operating income | 1,887,677 | 2,847,836 | 5,172,696 | 5,582,418 |
| Other income/(expenses) | ||||
| Other expenses | (2,060) | 0 | (79,577) | 0 |
| Share compensations | (18,750) | (29) | (2,205,990) | (29) |
| Interest income | 49,023 | 3,367 | 59,132 | 6,552 |
| Interest expenses | (9,599) | (4,363) | (26,320) | (4,363) |
| Total other income/(expenses) | 18,614 | (1,025) | (2,252,755) | 2,160 |
| Pre-tax income | 1,906,291 | 2,846,811 | 2,919,941 | 5,584,578 |
| Provisions for income tax | 191,046 | 463,008 | 600,334 | 805,229 |
| Net income/(loss) | $ 1,715,245 | $ 2,383,803 | $ 2,319,607 | $ 4,779,349 |
| Earnings per share | ||||
| Basic (in dollars per share) | $ 0.06 | $ 0.09 | $ 0.08 | $ 0.18 |
| Diluted (in dollars per share) | $ 0.06 | $ 0.09 | $ 0.08 | $ 0.18 |
| Weighted average shares outstanding | ||||
| Basic (in shares) | 28,783,575 | 27,312,515 | 28,170,066 | 27,312,515 |
| Diluted (in shares) | 28,783,575 | 27,312,515 | 28,170,066 | 27,312,515 |