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1. BASIS OF PRESENTATION AND CONSOLIDATION (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of property plant and equipment useful life

		Useful life (in years)
Buildings (including salt pans)		8 - 20
Plant and machinery (including protective shells, transmission channels and ducts)		3 - 8
Motor vehicles		5
Furniture, fixtures and equipment		3-8

Schedule of earnings per share

		Three-Month Period Ended March 31,
			2017				2016
Numerator
Net income		$	8,075,120			$	6,466,964
Denominator
Basic: Weighted-average common shares outstanding during the period			46,793,791				46,007,120
Add: Dilutive effect of stock options			10,450				733,206
Diluted			46,804,241				46,740,326
Net income per share
Basic		$	0.17			$	0.14
Diluted		$	0.17			$	0.14

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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