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2. BUSINESS ACQUISITION (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Acquisition Tables |
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 |  | 27,668,539 |
Accounts payable and accrued expenses |  | (8,670,568 | )
Taxes payable |  | (963,458 | )
Cumulative translation adjustment |  | 3,783,732 |
Total purchase price | $ | 79,678,746 |
|  | Year Ended December 31,
|  | 2016 |  | 2015
|  | Actual |  | Pro forma
Net Revenue | $ | 149,275,002 | $ | 168,031,383
Net Income | $ | 36,225,831 | $ | 35,538,071
EARNINGS PER SHARE |  |  |  |
-Basic | $ | 0.78 | $ | 0.79
-Diluted | $ | 0.78 | $ | 0.77

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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=65885119&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=65885119&loc=d3e1392-128463 + Details
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