XML 82 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies (Details Textual)
3 Months Ended 12 Months Ended 3 Months Ended 0 Months Ended
Mar. 31, 2013
USD ($)
Mar. 31, 2012
USD ($)
Dec. 31, 2012
USD ($)
Jun. 21, 2012
USD ($)
Mar. 31, 2013
Land use rights [Member]
USD ($)
Dec. 31, 2012
Land use rights [Member]
USD ($)
Mar. 31, 2013
Local government, Xushui County [Member]
USD ($)
acre
Mar. 31, 2013
Local government, Xushui County [Member]
CNY
Nov. 27, 2012
Investment Company [Member]
USD ($)
acre
Nov. 27, 2012
Investment Company [Member]
CNY
Commitments and Contingencies (Textual)                    
Area of land leased             32.95 32.95 49.4 49.4
Lease expiration period             30 years 30 years 15 years 15 years
Lease expiration date             Dec. 31, 2031 Dec. 31, 2031    
Operating lease annual rental payment             $ 19,149 120,000 $ 574,474 3,600,000
Operating lease renewable term             Operating lease is renewable at the end of the 30-year term. Operating lease is renewable at the end of the 30-year term.    
Land use right pledged for long term loan 9,025,899   9,316,645   7,431,490 7,419,614        
Rental expenses 148,162 4,755                
Contract cost of new tissue paper production line PM8 4,946,861                  
Outstanding commitments for construction of equipment and facilities 3,957,489   5,243,636              
Performance holdback on new tissue paper, value 247,343                  
Performance holdback on new tissue paper, percentage 5.00%                  
Performance holdback on new tissue paper payment, description Exception of a 5% performance holdback (approximately $247,343) on the new tissue paper, which is payable in 2014, the Company expected to pay off all the balances by the end of year 2013.                  
Settlement agreement, consideration       2,000,000            
Long term loan of third party 1,515,974   1,505,881              
Cross guarantee for long term loan of third party $ 1,595,762   $ 1,535,138              
Long term loan of third party expiration date Feb. 26, 2014   Feb. 26, 2014