XML 38 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
1. BASIS OF PRESENTATION AND CONSOLIDATION (Tables)
 9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Rate of collection for accounts receivable
Accounts Receivable Aging Percent Collected
90-120 days 19%
121-150 days 34%
151-180 days 18%
181-210 days 34%
211-240 days 100%
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 September 30,     Nine-Month Period Ended September 30,
    2017     2016       2017       2016    
Numerator                              
Net income   $ 3,425,640     $ 10,515,713     $ 25,252,438     $ 30,179,696    
                                   
Denominator                                  
Basic: Weighted-average common shares outstanding during the period     46,794,443       46,301,217       46,794,011       46,106,194    
Add: Dilutive effect of stock options     103,552       8,033       39,019       454,743    
Diluted     46,897,995       46,309,250       46,833,030       46,560,937    
                                   
Earnings per share                                  
Basic   $ 0.07     $ 0.23     $ 0.54     $ 0.65    
Diluted   $ 0.07     $ 0.23     $ 0.54     $ 0.65