Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

v3.7.0.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Statutory and other reserves [Member]
Retained Earnings [Member]
Accumulated other comprehensive income [Member]
Non-controlling interest [Member]
Balance at Dec. 31, 2014 $ 41,754,356 $ 1,508 $ 10,530,430 $ 3,611,501 $ 20,675,021 $ 5,628,657 $ 1,307,239
Balance (in shares) at Dec. 31, 2014   15,084,746          
Proceeds from exercise of stock options 44,534 $ 2 44,532 0 0 0 0
Proceeds from exercise of stock options (in shares)   16,933          
Foreign currency translation adjustments (3,055,839) $ 0 0 0 0 (2,995,895) (59,944)
Share-based compensation expenses 653,017 $ 0 653,017 0 0 0 0
Share-based compensation expenses (in shares)   0          
Transfer to statutory and other reserves 0 $ 0 0 430,928 (430,928) 0 0
Net income 3,460,270 0 0 0 3,854,082 0 (393,812)
Balance at Dec. 31, 2015 42,856,338 $ 1,510 11,227,979 4,042,429 24,098,175 2,632,762 853,483
Balance (in shares) at Dec. 31, 2015   15,101,679          
Proceeds from exercise of stock options 35,010 $ 1 35,009 0 0 0 0
Proceeds from exercise of stock options (in shares)   13,312          
Foreign currency translation adjustments (3,540,334) $ 0 0 0 0 (3,506,344) (33,990)
Share-based compensation expenses 317,946 $ 0 317,946 0 0 0 0
Share-based compensation expenses (in shares)   0          
Transfer to statutory and other reserves 0 $ 0 0 950,034 (950,034) 0 0
Net income 5,627,777 0 0 0 6,117,927 0 (490,150)
Balance at Dec. 31, 2016 $ 45,296,737 $ 1,511 $ 11,580,934 $ 4,992,463 $ 29,266,068 $ (873,582) $ 329,343
Balance (in shares) at Dec. 31, 2016   15,114,991