Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues $ 103,562,349us-gaap_Revenues $ 88,571,428us-gaap_Revenues
Cost of revenues 70,854,737us-gaap_CostOfGoodsAndServicesSold 64,480,140us-gaap_CostOfGoodsAndServicesSold
Research and development expenses 3,322,449us-gaap_ResearchAndDevelopmentExpense 2,955,883us-gaap_ResearchAndDevelopmentExpense
Selling and marketing expenses 5,921,338us-gaap_SellingAndMarketingExpense 5,617,705us-gaap_SellingAndMarketingExpense
General and administrative expenses 17,261,358us-gaap_GeneralAndAdministrativeExpense 10,886,959us-gaap_GeneralAndAdministrativeExpense
Amortization of intangible assets 2,696,740us-gaap_AmortizationOfIntangibleAssets 1,091,126us-gaap_AmortizationOfIntangibleAssets
Total operating costs and expenses 100,056,622us-gaap_CostsAndExpenses 85,031,813us-gaap_CostsAndExpenses
Operating income 3,505,727us-gaap_OperatingIncomeLoss 3,539,615us-gaap_OperatingIncomeLoss
Other income, net 2,558,593us-gaap_OtherNonoperatingIncomeExpense 286,347us-gaap_OtherNonoperatingIncomeExpense
Financial expense, net (1,553,522)artx_FinancialIncomeExpenseNet (499,272)artx_FinancialIncomeExpenseNet
Total other income (expense) 1,005,071us-gaap_NonoperatingIncomeExpense (212,925)us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income tax expense 4,510,798us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 3,326,690us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 1,023,837us-gaap_IncomeTaxExpenseBenefit 1,052,720us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 3,486,961us-gaap_IncomeLossFromContinuingOperations 2,273,970us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of income tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (121,619)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income 3,486,961us-gaap_NetIncomeLoss 2,152,351us-gaap_NetIncomeLoss
Other comprehensive income, net of $0 income tax for both years    
Foreign currency translation adjustment (1,205,589)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 627,768us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive income $ 2,281,372us-gaap_ComprehensiveIncomeNetOfTax $ 2,780,119us-gaap_ComprehensiveIncomeNetOfTax
Income per share of common stock:    
Basic – continuing operations (in Dollars per share) $ 0.16us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.14us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Basic – discontinued operations (in Dollars per share) $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
Basic net income per share (in Dollars per share) $ 0.16us-gaap_EarningsPerShareBasic $ 0.13us-gaap_EarningsPerShareBasic
Diluted – continuing operations (in Dollars per share) $ 0.15us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted – discontinued operations (in Dollars per share) $ 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare $ (0.01)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
Diluted net income per share (in Dollars per share) $ 0.15us-gaap_EarningsPerShareDiluted $ 0.12us-gaap_EarningsPerShareDiluted
Weighted average number of shares used in computing basic net income per share (in Shares) 21,934,532us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 16,507,848us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average number of shares used in computing diluted net income per share (in Shares) 22,537,272us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 17,110,588us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding