Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues $ 24,226,708us-gaap_Revenues $ 22,382,800us-gaap_Revenues
Cost of revenues 17,329,479us-gaap_CostOfGoodsAndServicesSold 15,043,311us-gaap_CostOfGoodsAndServicesSold
Research and development expenses 1,094,264us-gaap_ResearchAndDevelopmentExpense 995,513us-gaap_ResearchAndDevelopmentExpense
Selling and marketing expenses 1,225,416us-gaap_SellingAndMarketingExpense 1,431,768us-gaap_SellingAndMarketingExpense
General and administrative expenses 4,543,893us-gaap_GeneralAndAdministrativeExpense 3,538,673us-gaap_GeneralAndAdministrativeExpense
Amortization of intangible assets 860,773us-gaap_AmortizationOfIntangibleAssets 74,119us-gaap_AmortizationOfIntangibleAssets
Total operating costs and expenses 25,053,825us-gaap_CostsAndExpenses 21,083,384us-gaap_CostsAndExpenses
Operating income (loss) (827,117)us-gaap_OperatingIncomeLoss 1,299,416us-gaap_OperatingIncomeLoss
Other income 911,429us-gaap_OtherNonoperatingIncomeExpense 32,113us-gaap_OtherNonoperatingIncomeExpense
Financial (expense) income, net (327,608)artx_FinancialIncomeExpenseNet (119,001)artx_FinancialIncomeExpenseNet
Total other income (expense) 583,821us-gaap_NonoperatingIncomeExpense (86,888)us-gaap_NonoperatingIncomeExpense
Income (loss) before income tax expense (243,296)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,212,528us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 239,381us-gaap_IncomeTaxExpenseBenefit 198,436us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (482,677)us-gaap_NetIncomeLoss 1,014,092us-gaap_NetIncomeLoss
Other comprehensive income, net of income tax:    
Foreign currency translation adjustment (245,514)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (46,083)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive income (loss) $ (728,191)us-gaap_ComprehensiveIncomeNetOfTax $ 968,009us-gaap_ComprehensiveIncomeNetOfTax
Basic net income (loss) per share (in Dollars per share) $ (0.02)us-gaap_EarningsPerShareBasic $ 0.05us-gaap_EarningsPerShareBasic
Diluted net income (loss) per share (in Dollars per share) $ (0.02)us-gaap_EarningsPerShareDiluted $ 0.05us-gaap_EarningsPerShareDiluted
Weighted average number of shares used in computing basic net income (loss) per share (in Shares) 23,305,679us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 19,572,668us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average number of shares used in computing diluted net income (loss) per share (in Shares) 23,305,679us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,175,408us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding