Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2012

Summarized financial information for reportable segments

	Year Ended
	December 31, 2012
	Orient Paper		Orient Paper		Not Attributable			Elimination		Enterprise-wide,
	HB		Shengde		to Segments			of Inter-segment		consolidated

Revenues	$	144,928,792	$	6,188,014		-			-	$	151,116,806
Gross Profit		25,616,670		1,439,577		-			-		27,056,247
Depreciation and amortization		6,553,120		1,829,739		-			-		8,382,859
Impairment		2,762,349		-		-			-		2,762,349
Interest income		25,950		4,634		90			-		30,674
Interest expense		867,561		-		4,273			-		871,834
Income tax expense		5,129,304		335,539		-			-		5,464,843
Net Income (Loss)		15,109,345		965,444		(1,402,126	)		-		14,672,663
Total Assets		119,707,195		43,076,428		62,701			-		162,846,324

	Year Ended
	December 31, 2011
	Orient Paper		Orient Paper		Not Attributable			Elimination			Enterprise-wide,
	HB		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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details