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1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2017
Accounting Policies [Abstract] |
Accounts receivable aging |
Accounts Receivable Aging | Percent Collected
90-120 days | 49%
121-150 days | 42%
151-180 days | 52%
181-210 days | 100%
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 computation of basic and diluted earnings per share |
|  | Years ended December 31,
|  | 2017 |  | 2016
Numerator |  |  |  |  |  |
Net income |  | $ | 2,551,313 |  |  | $ | 36,225,831 |
Denominator |  |  |  |  |  |  |  |
Basic: Weighted-average common shares outstanding during the year |  |  | 46,796,476 |  |  |  | 46,279,033 |
Add: Dilutive effect of stock options |  |  | 39,354 |  |  |  | 346,630 |
Diluted |  |  | 46,835,830 |  |  |  | 46,625,663 |
Earnings per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.05 |  |  | $ | 0.78 |
Diluted |  | $ | 0.05 |  |  | $ | 0.78 |

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