Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 21,435,063 $ 21,137,932 $ 57,915,901 $ 44,170,119
Cost of revenues 16,475,160 17,019,125 45,307,654 33,043,351
Research and development expenses 610,095 435,707 1,657,056 1,290,656
Selling and marketing expenses 1,255,337 1,251,978 3,868,531 3,654,211
General and administrative expenses 2,064,695 2,780,788 7,066,080 7,744,637
Amortization of intangibles 292,438 477,884 893,743 1,432,507
Total operating costs and expenses 20,697,725 21,965,482 58,793,064 47,165,362
Operating profit (loss) 737,338 (827,550) (877,163) (2,995,243)
Other income 9,141 3,587 9,894 36,086
Financial expenses, net (186,301) (152,768) (565,301) (162,873)
Total other expense (177,160) (149,181) (555,407) (126,787)
Income (loss) from continuing operations before income tax expense 560,178 (976,731) (1,432,570) (3,122,030)
Income tax expense 126,937 89 524,091 281,335
Income (loss) from continuing operations 433,241 (976,820) (1,956,661) (3,403,365)
Income (loss) from discontinued operations, net of income tax 64,848 (549,022) (1,506,353) (2,837,061)
Net income (loss) 498,089 (1,525,842) (3,463,014) (6,240,426)
Other comprehensive income, net of income tax        
Foreign currency translation adjustment (17,903) (796,578) (189,414) (474,631)
Comprehensive income (loss) $ 480,186 $ (2,322,420) $ (3,652,428) $ (6,715,057)
Basic net income/loss per share – continuing operations (in Dollars per share) $ 0.03 $ (0.07) $ (0.13) $ (0.25)
Basic net income/loss per share – discontinued operations (in Dollars per share) $ 0.00 $ (0.04) $ (0.10) $ (0.20)
Basic net income/loss per share (in Dollars per share) $ 0.03 $ (0.11) $ (0.23) $ (0.45)
Diluted net income/loss per share – continuing operations (in Dollars per share) $ 0.03 $ (0.07) $ (0.12) $ (0.25)
Diluted net income/loss per share – discontinued operations (in Dollars per share) $ 0.00 $ (0.04) $ (0.10) $ (0.20)
Diluted net income/loss per share (in Dollars per share) $ 0.03 $ (0.11) $ (0.22) $ (0.45)
Weighted average number of shares used in computing basic net income/loss per share (in Shares) 15,336,947 14,216,701 15,308,724 13,922,270
Weighted average number of shares used in computing diluted net income/loss per share (in Shares) 15,939,687 14,216,701 15,911,464 13,922,270