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Condensed Financial Information of the Parent Company (Tables) (Orient Paper [Member]) | 12 Months Ended
--- | ---
Dec. 31, 2012
Orient Paper [Member] |
Condensed Financial Statements, Captions [Line Items] |
CONDENSED BALANCE SHEETS |
|  | December 31, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
ASSETS |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | - |  |  | $ | 145,386 |
Prepayments and other current assets |  |  | 62,797 |  |  |  | 79,482 |
Due from inter-companies |  |  | - |  |  |  | 4,000,000 |
Total current assets |  |  | 62,797 |  |  |  | 4,224,868 |
Investment in subsidiaries |  |  | 143,597,251 |  |  |  | 126,637,592 |
Total Assets |  | $ | 143,660,048 |  |  | $ | 130,862,460 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |
Bank overdraft |  | $ | 96 |  |  | $ | - |
Inter-company payable |  |  | 736,378 |  |  |  | 3,008,524 |
Loan from shareholder |  |  | - |  |  |  | 200,000 |
Accrued expenses |  |  | 58,000 |  |  |  | 58,000 |
Insurance premium payable |  |  | 56,773 |  |  |  | - |
Accrued payroll and benefit |  |  | 40,000 |  |  |  | 70,493 |
Total current liabilities |  |  | 891,247 |  |  |  | 3,337,017 |
Total liabilities |  |  | 891,247 |  |  |  | 3,337,017 |
Total stockholders' equity |  |  | 142,768,801 |  |  |  | 127,525,443 |
Total Liabilities and Stockholders' Equity |  | $ | 143,660,048 |  |  | $ | 130,862,460 |
CONDENSED STATEMENTS OF INCOME | CONDENSED STATEMENTS OF INCOME
|  | Year Ended |
|  | December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Selling, General and Administrative Expenses |  | $ | 1,397,943 |  |  | $ | 1,841,171 |  |  | $ | 2,304,222 |
Loss from Operations |  |  | (1,397,943 | ) |  |  | (1,841,171 | ) |  |  | (2,304,222 | )
Equity in earnings of unconsolidated subsidiaries |  |  | 16,074,789 |  |  |  | 23,489,518 |  |  |  | 17,848,627 |
Other Income (Expense): |  |  | (4,183 | ) |  |  | 317 |  |  |  | 7,131 |
Income before Income Taxes |  |  | 14,672,663 |  |  |  | 21,648,664 |  |  |  | 15,551,536 |
Provision for Income Taxes |  |  | - |  |  |  | - |  |  |  | - |
Net Income |  | $ | 14,672,663 |  |  | $ | 21,648,664 |  |  | $ | 15,551,536 |
CONDENSED STATEMENTS OF CASH FLOWS | CONDENSED STATEMENTS OF CASH FLOWS
|  | Year Ended |
|  | December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Net Cash (Used in)/ Provided by Operating Activities |  | $ | (145,482 | ) |  | $ | 75,537 |  |  | $ | (1,491,808 | )
Net Cash Used in Investing Activities |  |  | - |  |  |  | - |  |  |  | (25,000,000 | )
Net Cash Provided by Financing Activities |  |  | - |  |  |  | - |  |  |  | 26,561,657 |
Net (Decrease)/ Increase in Cash and Cash Equivalents |  |  | (145,482 | ) |  |  | 75,537 |  |  |  | 69,849 |
Cash and Cash Equivalents - Beginning of Period |  |  | 145,386 |  |  |  | 69,849 |  |  |  | - |
Cash and Cash Equivalents - End of Period |  | $ | (96 | ) |  | $ | 145,386 |  |  | $ | 69,849 |

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