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2. BUSINESS ACQUISITION (Tables) | 6 Months Ended
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Jun. 30, 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 |  |  | 28,944,958 |
Accounts payable and accrued expenses |  |  | (8,670,568 | )
Taxes payable |  |  | (963,458 | )
Cumulative translation adjustment |  |  | 2,507,313 |
Total purchase price |  | $ | 79,678,746 |
|  | For the six months ended |
|  | June 30, 2016 |  |  | June 30, 2015 |
|  | Actual |  |  | Pro forma |
Net Revenue |  | $ | 82,096,217 |  |  | $ | 89,975,162 |
Net Income |  | $ | 19,663,983 |  |  | $ | 17,560,565 |
EARNINGS PER SHARE |  |  |  |  |  |  |  |
-Basic |  | $ | 0.43 |  |  | $ | 0.38 |
-Diluted |  | $ | 0.42 |  |  | $ | 0.37 |

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- 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
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