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Fair Value Measurement
 12 Months Ended
Dec. 31, 2012
Fair Value Measurement [Abstract]  
Fair Value Measurement
(8) Fair Value Measurement

The following table presents fair values for those assets measured at fair value on a non-recurring basis at December 31, 2012 and 2011:

   
December 31,
    
December 31,
  
   
2012
    
2011
  
Long-lived assets
                
Using Level 1
  
$
-
    
$
-
  
Using Level 2
    
-
      
-
  
Using Level 3
    
1,561,361
      
-
  
Property, Plant and Equipment, net
  
$
1,561,361
    
$
-
  
 
During 2012, the Company recognized $2,762,349 in impairment charges related to its corrugating medium production line PM1 as mentioned in Note (7). The carrying value of the asset was $4,325,023 and was written down to $1,561,361. The Company used unobservable inputs based on its experience and knowledge of the market, as such, the Company classify the fair value of this asset within Level 3.