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2. BUSINESS ACQUISITION (Tables)

12 Months Ended

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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- 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=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

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