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

12 Months Ended

Dec. 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

		Years ended December 31,
		2014				2013
Numerator
Net income		$	17,871,795			$	20,967,358
Denominator
Basic: Weighted-average common shares outstanding during the year			38,694,567				38,395,921
Add: Dilutive effect of stock options			566,060				431,409
Diluted			39,260,627				38,827,330
Net income per share
Basic		$	0.46			$	0.55
Diluted		$	0.46			$	0.54

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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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