from recent SEC filing SKBI. There are 20% of revenue comparing to the same quarter last year. | | | For Three Months Ended June 30, | | | For Six Months Ended June 30, | | | | | 2010 | | | 2009 | | | 2010 | | | 2009 | | | | | | | | | | | | | | | | | REVENUE, NET | | $ | 8,264,541 | | | $ | 6,243,438 | | | $ | 13,133,784 | | | $ | 10,067,004 | | | | | | | | | | | | | | | | | | | | | COST OF REVENUE | | | 3,905,063 | | | | 2,958,837 | | | | 6,196,282 | | | | 4,905,195 | | | | | | | | | | | | | | | | | | | | | GROSS PROFIT | | | 4,359,478 | | | | 3,284,601 | | | | 6,937,502 | | | | 5,161,809 | | | | | | | | | | | | | | | | | | | | | OPERATING EXPENSES: | | | | | | | | | | | | | | | | | | Research and development | | | 192,088 | | | | 366,695 | | | | 236,083 | | | | 484,047 | | | Selling expenses | | | 431,810 | | | | 585,207 | | | | 602,944 | | | | 792,602 | | | General and administrative | | | 998,034 | | | | 625,359 | | | | 1,617,584 | | | | 940,054 | | | Total operating expenses | | | 1,621,932 | | | | 1,577,261 | | | | 2,456,611 | | | | 2,216,703 | | | | | | | | | | | | | | | | | | | | | INCOME FROM OPERATIONS | | | 2,737,546 | | | | 1,707,340 | | | | 4,480,891 | | | | 2,945,106 | | | | | | | | | | | | | | | | | | | | | OTHER INCOME (EXPENSE): | | | | | | | | | | | | | | | | | | Other income (expense), net | | | 36,257 | | | | (310 | ) | | | 36,674 | | | | (542 | ) | | Interest income (expense), net | | | (12,976 | ) | | | (788 | ) | | | (17,792 | ) | | | (486 | ) | | Change in fair value of derivative liability | | | 158,054 | | | | (1,480,484 | ) | | | (159,326 | ) | | | (1,442,156 | ) | | Total other income (expense), net | | | 181,335 | | | | (1,481,582 | ) | | | (140,444 | ) | | | (1,443,184 | ) | | | | | | | | | | | | | | | | | | | | INCOME BEFORE PROVISION FOR INCOME TAXES | | | 2,918,881 | | | | 225,758 | | | | 4,340,447 | | | | 1,501,922 | | | | | | | | | | | | | | | | | | | | | PROVISION FOR INCOME TAXES | | | 540,486 | | | | 342,555 | | | | 865,805 | | | | 554,075 | | | | | | | | | | | | | | | | | | | | | NET INCOME (LOSS) | | | 2,378,395 | | | | (116,797 | ) | | | 3,474,642 | | | | 947,847 | | | | | | | | | | | | | | | | | | | | | OTHER COMPREHENSIVE INCOME (LOSS): | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | | | 280,998 | | | | (16,233 | ) | | | 240,182 | | | | (54,681 | ) | | | | | | | | | | | | | | | | | | | | COMPREHENSIVE INCOME (LOSS) | | $ | 2,659,393 | | | $ | (133,030 | ) | | $ | 3,714,824 | | | $ | 893,166 | | | | | | | | | | | | | | | | | | | | | EARNINGS PER SHARE: | | | | | | | | | | | | | | | | | | Basic | | $ | 0.33 | | | $ | (0.03 | ) | | $ | 0.49 | | | $ | 0.25 | | | Diluted | | $ | 0.33 | | | $ | (0.03 | ) | | $ | 0.49 | | | $ | 0.25 | | | | | | | | | | | | | | | | | | | | | WEIGHTED AVERAGE NUMBER OF COMMON SHARES: | | | | | | | | | | | | | | | | | | Basic | | | 7,104,606 | | | | 3,739,024 | | | | 7,083,149 | | | | 3,737,708 | | | Diluted | | | 7,140,518 | | | | 3,739,024 | | | | 7,119,846 | | | | 3,824,432 | |
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