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

3 Months Ended

Mar. 31, 2014

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

		Three-Month Period Ended March 31,
			2014				2013
Numerator
Net income		$	4,286,338			$	1,882,965
Denominator
Basic: Weighted-average common shares outstanding during the period			38,598,424				38,367,471
Add: Dilutive effect of stock options			679,533				133,487
Diluted			39,277,957				38,500,958
Net income per share
Basic		$	0.11			$	0.05
Diluted		$	0.11			$	0.05

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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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