XML 33 R28.htm IDEA: XBRL DOCUMENT v3.3.0.814
1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2015
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)   3 - 8
Motor vehicles   5
Furniture, fixtures and equipment   8
Schedule of earnings per share
    Three-Month Period Ended September 30,     Nine-Month Period Ended September 30,
    2015     2014       2015       2014    
Numerator                              
Net income   $ 10,679,422     $ 5,038,403     $ 26,769,953     $ 14,989,553    
                                   
Denominator                                  
Basic: Weighted-average common shares outstanding during the period     46,007,120       38,726,415       44,884,268       38,684,220    
Add: Dilutive effect of stock options     898,242       570,919       969,862       621,755    
Diluted     46,905,362       39,297,334       45,854,130       39,305,975    
                                   
Net income per share                                  
Basic   $ 0.23     $ 0.13     $ 0.60     $ 0.39    
Diluted   $ 0.23     $ 0.13     $ 0.58     $ 0.38