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Segment Reporting | 12 Months Ended
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Dec. 31, 2011
Segment Reporting | (15) Segment Reporting Since March 10, 2010, Baoding Shengde started its operations and thereafter the Company manages its operations through two business operating segments: HBOP, which produces printing paper and corrugating medium paper, and Baoding Shengde, which produces digital photo paper. They are managed separately because each business requires different technology and marketing strategies. The Company evaluates performance of its operating segments based on net income. Administrative functions such as finance, treasury, and information systems are centralized. However, where applicable, portions of the administrative function expenses are allocated between the operating segments based on gross revenue generated. The operating segments do share facilities in Xushui County, Baoding City, Hebei, China. All sales were sold to customers located in the PRC. Summarized financial information for the two reportable segments is as follows:
|  | Year Ended |
|  | December 31, 2011 |
|  |  |  |  | Baoding |  |  | Not Attributable |  |  | Elimination |  |  | Enterprise-wide, |
|  | HBOP |  |  | Shengde |  |  | to Segments |  |  | of Inter-segment |  |  | consolidated |
Revenues |  | $ | 142,498,116 |  |  | $ | 8,249,200 |  |  |  | - |  |  |  | - |  |  | $ | 150,747,316 |
Gross Profit |  |  | 30,191,480 |  |  |  | 2,758,595 |  |  |  | - |  |  |  | - |  |  |  | 32,950,075 |
Depreciation and amortization |  |  | 3,504,717 |  |  |  | 919,814 |  |  |  | - |  |  |  | - |  |  |  | 4,424,531 |
Interest income |  |  | 20,847 |  |  |  | 15,273 |  |  |  | 317 |  |  |  | - |  |  |  | 36,437 |
Interest expense |  |  | 699,892 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 699,892 |
Income tax expense |  |  | 7,136,886 |  |  |  | 662,340 |  |  |  | - |  |  |  | - |  |  |  | 7,799,226 |
Net Income (Loss) |  |  | 21,527,824 |  |  |  | 1,961,694 |  |  |  | (1,840,854 | ) |  |  | - |  |  |  | 21,648,664 |
Total Assets |  |  | 111,305,277 |  |  |  | 46,180,744 |  |  |  | 224,868 |  |  |  | (12,753,025 | ) |  |  | 144,957,864 |
|  | Year Ended |
|  | December 31, 2010 |
|  |  |  |  | Baoding |  |  | Not Attributable |  |  | Elimination |  |  | Enterprise-wide, |
|  | HBOP |  |  | Shengde |  |  | to Segments |  |  | of Inter-segment |  |  | consolidated |
Revenues |  | $ | 118,858,497 |  |  | $ | 5,131,420 |  |  |  | - |  |  |  | - |  |  | $ | 123,989,917 |
Gross Profit |  |  | 23,952,872 |  |  |  | 2,222,730 |  |  |  | - |  |  |  | - |  |  |  | 26,175,602 |
Depreciation and amortization |  |  | 3,421,975 |  |  |  | 725,802 |  |  |  | - |  |  |  | - |  |  |  | 4,147,777 |
Interest income |  |  | 72,303 |  |  |  | 83,749 |  |  |  | 7,131 |  |  |  | - |  |  |  | 163,183 |
Interest expense |  |  | 633,010 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 633,010 |
Income tax expense |  |  | 5,405,884 |  |  |  | 558,737 |  |  |  | - |  |  |  | - |  |  |  | 5,964,621 |
Net Income (Loss) |  |  | 16,172,333 |  |  |  | 1,676,293 |  |  |  | (2,297,090 | ) |  |  | - |  |  |  | 15,551,536 |
Total Assets |  |  | 91,883,320 |  |  |  | 32,931,982 |  |  |  | 95,724 |  |  |  | (9,404,685 | ) |  |  | 115,506,341 |
For the year ended December 31, 2009, all business operations, except for costs to maintain the Company as a U.S. public company, were entirely attributable to HBOP.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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