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1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of property plant and equipment useful life

	Useful life (in years)
Buildings (including salt pans)	8 - 20
Plant and machinery (including protective shells, transmission channels and ducts)	5 - 8
Motor vehicles	5
Furniture, fixtures and equipment	8

Schedule of computation of basic and diluted earnings per share

		Years ended December 31,
		2013				2012
Numerator
Net income		$	20,967,358			$	14,995,503
Denominator
Basic: Weighted-average common shares outstanding during the year			38,395,921				34,706,356
Add: Dilutive effect of stock options			431,409				361,594
Diluted			38,827,330				35,067,950
Net income per share
Basic		$	0.55			$	0.43
Diluted		$	0.54			$	0.43

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- Definition

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+ References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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