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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