CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Service fees	$ 5,096,403	$ 3,226,923	$ 8,873,587	$ 6,171,481
Sales of recycled commodities	3,247,130	1,697,657	5,535,574	2,847,940
Total revenues	8,343,533	4,924,580	14,409,161	9,019,421
Cost of revenues
Cost of service fees	2,227,935	1,228,378	3,917,031	2,256,871
Cost of recycled commodities	1,803,742	643,518	3,096,051	1,031,976
Total cost of revenues	4,031,677	1,871,896	7,013,082	3,288,847
Gross profit	4,311,856	3,052,684	7,396,079	5,730,574
Operating expenses
Selling expenses	171,894	168,680	352,335	320,304
Research and development expenses	101,929	56,114	196,537	150,722
General and administrative expenses	1,477,286	941,258	2,567,470	1,758,477
Total operating expenses	1,751,109	1,166,052	3,116,342	2,229,503
Income from operations	2,560,747	1,886,632	4,279,737	3,501,071
Other income (expense)
Interest expense	(287,309)	(209,560)	(527,634)	(449,885)
Interest income	5,088	0	13,010	0
Other income	215,154	80,425	335,942	87,592
Other expense	(330)	(14,669)	(4,285)	(1,935)
Settlement expense	0	0	0	(439,821)
Total other expense	(67,397)	(143,804)	(182,967)	(804,049)
Income from continuing operations before income taxes	2,493,350	1,742,828	4,096,770	2,697,022
Income taxes	(333,401)	(254,941)	(602,997)	(387,942)
Net income from continuing operations	2,159,949	1,487,887	3,493,773	2,309,080
Loss from operations of discontinued component-Hunan Hanyang Environmental Protection Science and Technology Co., Ltd. (including loss on disposal of $188,886 ), net of tax	(207,029)	(47,390)	(239,492)	(104,389)
Net income	1,952,920	1,440,497	3,254,281	2,204,691
Net income attributable to the non-controlling interests	(264,226)	(235,305)	(371,705)	(390,644)
Net income attributable to the Company	1,688,694	1,205,192	2,882,576	1,814,047
-Loss attributable to the Company from discontinued operation	(200,679)	(30,804)	(221,780)	(67,853)
-Income attributable to the Company from continuing operations	1,889,373	1,235,996	3,104,356	1,881,900
Foreign currency translation adjustment	457,178	183,453	718,849	184,985
Comprehensive income attributable to the Company	2,145,872	1,388,645	3,601,425	1,999,032
Comprehensive income attributable to the non-controlling interests	390,721	235,305	571,938	390,644
Comprehensive income	$ 2,536,593	$ 1,623,950	$ 4,173,363	$ 2,389,676
Basic and diluted weighted average shares outstanding
Basic (in shares)	15,336,535	15,336,535	15,336,535	15,323,068
Diluted (in shares)	15,336,535	17,594,787	15,336,535	17,549,633
Basic and diluted net earnings per share
Net income (in dollars per share)	$ 0.11	$ 0.08	$ 0.19	$ 0.12
-Net income from continuing operations (in dollars per share)	$ 0.12	$ 0.08	$ 0.20	$ 0.12
-Net loss from discontinued operation (in dollars per share)	$ (0.01)	$ 0	$ (0.01)	$ 0
Net income (in dollars per share)	$ 0.11	$ 0.07	$ 0.19	$ 0.10
-Net income from continuing operations (in dollars per share)	$ 0.12	$ 0.07	$ 0.20	$ 0.10
-Net loss from discontinued operation (in dollars per share)	$ (0.01)	$ 0	$ (0.01)	$ 0

China Industrial Waste Management Inc. 10-Q/A