Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Summarized financial information for reportable segments

	Three Months Ended March 31, 2013
	Orient Paper HB		Baoding Shengde		Not Attributable to Segments		Elimination of Inter-segment		Enterprise-wide, consolidated

Revenues	$	19,049,230	$	697,426	$	-	$	-	$	19,746,656
Gross Profit		1,607,532		22,705		-		-		1,630,237
Depreciation and amortization		1,251,162		681,691		-		-		1,932,853
Interest income		18,641		342		10		-		18,993
Interest expense		225,893		-		432		-		226,325
Income tax expense		227,047		5,637		-		-		232,684
Net Income (Loss)		716,579		(11,450)		(402,074)		-		303,055
Total Assets		121,214,631		42,914,392		68,324		-		164,197,347

	Three Months Ended March 31, 2012
	Orient Paper HB		Baoding Shengde		Not Attributable to Segments		Elimination of Inter-segment		Enterprise-wide, consolidated

Revenues	$	32,832,860	$	1,576,139	$	-	$	-	$	34,408,999
Gross Profit		7,348,894		404,278		-		-		7,753,172
Depreciation and amortization		1,722,300		237,002		-		-		1,959,302
Interest income		2,686		1,994		36		-		4,716
Interest expense		204,874		-		-		-		204,874
Income tax expense		1,732,811		93,840		-		-		1,826,651
Net Income (Loss)		4,892,129		279,754		(479,097)		(11,095)		4,681,691

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

Total Assets	$	119,707,195	$	43,076,428	$	62,701	$	-	$	162,846,324

- 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