Wowjoint Holdings Ltd
CIK:0001429360|SEC Filings
|
Consolidated Statements of Operations and Comprehensive Income (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
| Revenues | |||
| Sales | $ 15,247,753 | $ 9,984,724 | $ 23,584,337 |
| Cost of Sales | 11,044,100 | 7,326,181 | 17,725,499 |
| Gross Profit | 4,203,653 | 2,658,544 | 5,858,837 |
| Operating Expenses | |||
| Selling Expenses | 1,159,633 | 1,999,895 | 1,337,919 |
| General & Administrative Expenses | 4,253,803 | 5,244,423 | 3,861,907 |
| Total Operating Expenses | 5,413,437 | 7,244,318 | 5,199,826 |
| Operating Income (Loss) | (1,209,784) | (4,585,775) | 659,011 |
| Other Income (Expenses) | |||
| Other Income | 462,401 | 1,006,298 | 243,411 |
| Other Expenses | (198,293) | (12,212) | (366,238) |
| Interest Income | 21,872 | 2,868 | 15,578 |
| Interest Expense | (451,665) | (311,480) | (298,930) |
| Government Income | 150,982 | 4,100 | |
| Total Other Income (Loss) & Expense | (14,749) | 689,575 | (406,179) |
| Earnings before Tax | (1,224,533) | (3,896,200) | 252,832 |
| Income Tax/Deferred Tax Benefit | 107,241 | 226,324 | 254,657 |
| Net Income | (1,331,775) | (4,122,523) | (1,825) |
| Other Comprehensive Income | |||
| Foreign currency translation gain | 530,206 | 261,674 | 641,732 |
| Comprehensive Income | $ (801,568) | $ (3,860,849) | $ 639,907 |
| Basic & Diluted Earnings (Loss) Per Share | $ (0.16) | $ (0.49) | |
| Weighted Average Shares Outstanding | 8,475,908 | 8,337,320 | 7,971,465 |