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2. BUSINESS ACQUISITION (Tables)
 3 Months Ended
Mar. 31, 2016
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   29,706,970  
Accounts payable and accrued expenses   (8,670,568 )
Taxes payable   (963,458 )
Cumulative translation adjustment   1,745,301  
Total purchase price $ 79,678,746  

 

The following table shows supplemental information of the results of operations on a pro forma basis for the three months ended March 31, 2016 and 2015, as if the acquisition of SCRC had been completed at the beginning of the Company’s interim periods presented:

 

  For the three months ended
    March 31, 2016   March 31, 2015
    Actual   Pro forma
Net Revenue $ 34,495,450 $ 40,625,092
Net Income $ 6,466,964 $ 6,785,305
EARNINGS PER SHARE        
-Basic $ 0.14 $ 0.15
-Diluted $ 0.14 $ 0.15