XML 68 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 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 fair value measurements
    Three-Month Period Ended June 30,     Six-Month Period Ended June 30,
    2014     2013       2014       2013    
Numerator                              
Net income   $ 5,664,812     $ 5,355,899     $ 9,951,150     $ 7,238,864    
                                   
Denominator                                  
Basic: Weighted-average common shares outstanding during the period     38,726,415       38,367,471       38,662,773       38,367,471    
Add: Dilutive effect of stock options     614,813       223,656       647,173       178,571    
Diluted     39,341,228       38,591,127       39,309,946       38,546,042    
                                   
Net income per share                                  
Basic   $ 0.15     $ 0.14     $ 0.26     $ 0.19    
Diluted   $ 0.14     $ 0.14     $ 0.25     $ 0.19