Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues $ 22,382,800 $ 22,053,131
Cost of revenues 15,043,311 16,776,967
Research and development expenses 995,513 533,385
Selling and marketing expenses 1,431,768 1,237,006
General and administrative expenses 3,538,673 2,387,811
Amortization of intangible assets 74,119 276,494
Total operating costs and expenses 21,083,384 21,211,663
Operating income 1,299,416 841,468
Other income 32,113 1,233
Financial expense, net (119,001) (189,137)
Total other expense (86,888) (187,904)
Income from continuing operations before income tax expense 1,212,528 653,564
Income tax expense 198,436 174,777
Income from continuing operations 1,014,092 478,787
Loss from discontinued operations, net of income tax 0 (74,743)
Net income 1,014,092 404,044
Other comprehensive income, net of income tax    
Foreign currency translation adjustment (46,083) 211,676
Comprehensive income $ 968,009 $ 615,720
Basic net income per share – continuing operations (in Dollars per share) $ 0.05 $ 0.03
Basic net income per share – discontinued operations (in Dollars per share) $ 0 $ 0
Basic net income per share (in Dollars per share) $ 0.05 $ 0.03
Diluted net income per share – continuing operations (in Dollars per share) $ 0.05 $ 0.03
Diluted net income per share – discontinued operations (in Dollars per share) $ 0 $ 0
Diluted net income per share (in Dollars per share) $ 0.05 $ 0.03
Weighted average number of shares used in computing basic net income per share (in Shares) 19,572,668 15,569,153
Weighted average number of shares used in computing diluted net income per share (in Shares) 20,175,408 16,171,893