XML 41 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.6

1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Accounting Policies [Abstract] |
Schedule of property plant and equipment |
|  | As of December 31, |
|  | 2012 |  |  | 2011 |
At cost: |  |  |  |  |  |
Mineral rights |  | $ | 6,334,277 |  |  | $ | 6,318,750 |
Buildings |  |  | 50,905,337 |  |  |  | 40,974,528 |
Plant and machinery |  |  | 166,121,329 |  |  |  | 136,862,383 |
Motor vehicles |  |  | 9,140 |  |  |  | 7,024 |
Furniture, fixtures and office equipment |  |  | 4,777,044 |  |  |  | 4,057,356 |
Total |  |  | 228,147,127 |  |  |  | 188,220,041 |
Less: accumulated depreciation and amortization |  |  | (62,204,585 | ) |  |  | (41,019,301 | )
Net book value |  | $ | 165,942,542 |  |  | $ | 147,200,740 |
Schedule of fair value measurements |
|  |  |  | Fair Value Measurements Using |  |
Description |  | Year ended December 31, 2011 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Gains (Losses)
Owned long-lived assets (plant and machinery) held and used |  | $ 7,616,259 |  | $ - |  | $ - |  | $ 7,616,259 |  | $ (1,805,598)
Long-lived assets (plant and machinery) held under capital lease and used |  | $ 2,368,008 |  | $ - |  | $ 2,368,008 |  | - |  | $ (683,046)
|  |  |  |  |  |  |  |  |  | $ (2,488,644)
Schedule of computation of basic and diluted earnings per share |
|  | Years ended December 31,
|  | 2012 |  | 2011 |
Numerator |  |  |  |  |  |  |
Net income |  | $ | 14,995,503 |  |  | $ | 30,952,760 |  |
Denominator |  |  |  |  |  |  |  |  |
Basic: Weighted-average common shares outstanding during the year |  |  | 34,706,356 |  |  |  | 34,660,866 |  |
Add: Dilutive effect of stock options |  |  | 361,594 |  |  |  | 12,749 |  |
Diluted |  |  | 35,067,950 |  |  |  | 34,673,615 |  |
Net income per share |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.43 |  |  | $ | 0.89 |  |
Diluted |  | $ | 0.43 |  |  | $ | 0.89 |  |

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfCalculationOfNumeratorAndDenominatorInEarningsPerShareTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration