XML 34 R28.htm IDEA: XBRL DOCUMENT
v3.2.0.727

2. BUSINESS ACQUISITION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Business Combinations [Abstract] |
Schedule of fair value of identifiable assets and liabilities |
Cash | $ | 14,074,720 |
Accounts receivable |  | 19,365,259 |
Inventories |  | 1,646,196 |
Other current assets |  | 82,562 |
Property, plant and equipment, net |  | 17,891,360 |
Prepaid land leases, net of current portion |  | 4,800,404 |
Goodwill |  | 31,399,066 |
Accounts payable and accrued expenses |  | (8,670,568 | )
Taxes payable |  | (963,458 | )
Cumulative translation adjustment |  | 56,205 |
Total purchase price | $ | 79,678,746 |
The following table shows supplemental information of the results of operations on a pro forma basis for the six months ended June 31, 2015 and 2014, as if the acquisition of SCRC had been completed at the beginning of the Company’s interim periods presented.
|  | For the six months ended
|  | June 30, 2015 |  | June 30, 2014
Net Revenue | $ | 89,975,162 | $ | 87,740,225
Net Income | $ | 17,560,565 | $ | 17,277,051
EARNINGS PER SHARE |  |  |  |
-Basic | $ | 0.38 | $ | 0.38
-Diluted | $ | 0.37 | $ | 0.37

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration