Nova Lifestyle, Inc. reported consolidated earnings results for the full year ended December 31, 2011. For the year, the company reported net sales of $43.16 million, an increase of 50% from $28.82 million in 2010. The increase in net sales resulted primarily from a 19% increase in sales volume in 2011 and its acquisition of the Diamond Sofa brand in August 2011, which contributed $6.22 million in additional sales for the year. Net income was $5.37 million in 2011, an increase of 28% year-over-year. Net profit margin was 12%, a decrease of 3% from the 2010 period due primarily to increased sales and gross profit margin, but offset by increased operating expenses. Income from operations was $6,939,676 compared to $5,266,672 last year. Basic and diluted earnings per share were $0.37 compared to $0.43 per share last year. Income before income tax was $6,825,676 compared to $5,238,090 last year. Net cash used in operating activities was $465,766 compared to net cash provided by operating activities of $4,895,684 last year. Purchase of property and equipment was $589,185 compared to $4,742,229 last year. The company anticipates net sales of between $50 million and $58 million and net income of between $7 million and $8 million from organic growth.