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2. BUSINESS ACQUISITION (Tables)

6 Months Ended

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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- References

No definition available.

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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

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