Income tax expense 1,159,188 440,149 1,057,548 1,115,952
Net income $2,608,166 $1,579,162 $2,385,825 $3,006,981
Basic earnings per
share $0.22 $0.13 $0.20 $0.26
Diluted earnings per
share $0.21 $0.13 $0.19 $0.24
Weighted average common
shares outstanding 12,108,682 11,709,604 12,037,997 11,669,507
Diluted weighted
average common shares
outstanding 12,645,134 12,568,341 12,633,529 12,534,953
CONDENSED CONSOLIDATED BALANCE SHEETS
December 31,
2007 June 30,
(Unaudited) 2007
Assets
Current assets:
Cash, cash equivalents and
investments $60,332,869 $34,331,454
Trade receivables 6,269,680 6,220,727
Other receivables 7,301,853 6,799,369
Inventory 9,254,513 7,392,116
Prepaids and other assets 2,633,454 1,977,592
Deferred tax asset, current 3,744,023 3,151,350
Total current assets 89,536,392 59,872,608
Property, plant and equipment, net 62,835,323 63,821,312
Other non-current assets 16,497,780 16,831,544
Total assets $168,869,495 $140,525,464
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and accrued
expenses $6,269,585 $6,178,026
Current portion of debt
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