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Segment Reporting
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting
(17) Segment Reporting
 
Since March 10, 2010, Orient Paper Shengde started its operations and thereafter the Company manages its operations through two business operating segments: Orient Paper HB, which produces printing paper and corrugating medium paper, and Orient Paper Shengde, which produces digital photo paper. They are managed separately because each business requires different technology and marketing strategies.
 
The Company evaluates performance of its operating segments based on net income.  Administrative functions such as finance, treasury, and information systems are centralized.  However, where applicable, portions of the administrative function expenses are allocated between the operating segments based on gross revenue generated.  The operating segments do share facilities in Xushui County, Baoding City, Hebei, China.  All sales were sold to customers located in the PRC.
 
Summarized financial information for the two reportable segments for the three months and six months ended June 30, 2013 and 2012 is as follows:
 
   
Three Months Ended
 June 30, 2013
 
   
Orient Paper HB
   
Orient Paper
 Shengde
   
Not Attributable
 to Segments
   
Elimination of Inter-segment
   
Enterprise-wide,
 Consolidated
 
                               
Revenues
 
$
31,835,432
   
$
1,203,080
   
$
-
   
$
-
   
$
33,038,512
 
Gross Profit
   
5,899,821
     
198,574
     
-
     
-
     
6,098,395
 
Depreciation and amortization
   
1,298,734
     
689,863
     
-
     
-
     
1,988,597
 
Interest income
   
35,087
     
693
     
16
     
-
     
35,796
 
Interest expense
   
250,960
     
-
     
1,433
     
-
     
252,393
 
Income tax expense
   
1,290,623
     
48,483
     
-
     
-
     
1,339,106
 
Net Income (Loss)
   
3,881,560
     
112,382
     
(337,806
)
   
-
     
3,656,136
 
 
   
Three Months Ended
 June 30, 2012
 
   
Orient Paper HB
   
Orient Paper
 Shengde
   
Not Attributable
 to Segments
   
Elimination
 of Inter-segment
   
Enterprise-wide,
 Consolidated
 
                               
Revenues
  $ 33,648,597     $ 1,873,075     $ -     $ -     $ 35,521,672  
Gross Profit
    5,304,652       481,012       -       -       5,785,664  
Depreciation and amortization
    1,854,784       236,663       -       -       2,091,447  
Interest income
    4,778       1,197       19       -       5,994  
Interest expense
    220,761       -       -       -       220,761  
Income tax expense
    1,162,319       111,658       -       -       1,273,977  
Net Income (Loss)
    3,470,208       332,831       (195,425 )     3,176       3,610,790  
 
   
Six Months Ended
 June 30, 2013
   
Orient Paper HB
   
Orient Paper Shengde
   
Not Attributable
 to Segments
   
Elimination
 Of Inter-segment
   
Enterprise-wide,
 Consolidated
 
Revenues
 
$
50,884,662
   
$
1,900,506
   
$
-
   
$
-
   
$
52,785,168
 
Gross Profit
   
7,507,353
     
221,279
     
-
     
-
     
7,728,632
 
Depreciation and amortization
   
2,549,896
     
1,371,554
     
-
     
-
     
3,921,450
 
Interest income
   
53,728
     
1,035
     
26
     
-
     
54,789
 
Interest expense
   
476,853
     
-
     
1,865
     
-
     
478,718
 
Income tax expense
   
1,517,670
     
54,120
     
-
     
-
     
1,571,790
 
Net Income (Loss)
   
4,598,139
     
100,932
     
(739,880
)
   
-
     
3,959,191
 
Total Assets
   
149,699,686
     
43,278,169
     
282,313
     
-
     
193,260,168
 
 
   
Six Months Ended
 June 30, 2012
   
Orient Paper HB
   
Orient Paper
 Shengde
   
Not Attributable
 to Segments
   
Elimination
 of Inter-segment
   
Enterprise-wide,
 Consolidated
 
                               
Revenues
 
$
66,481,457
   
$
3,449,214
   
$
-
   
$
-
   
$
69,930,671
 
Gross Profit
   
12,653,547
     
885,289
     
-
     
-
     
13,538,836
 
Depreciation and amortization
   
3,577,083
     
473,666
     
-
     
-
     
4,050,749
 
Interest income
   
7,464
     
3,191
     
55
     
-
     
10,710
 
Interest expense
   
425,635
     
-
     
-
     
-
     
425,635
 
Income tax expense
   
2,895,130
     
205,498
     
-
     
-
     
3,100,628
 
Net Income (Loss)
   
8,362,337
     
612,585
     
(674,522
)
   
(7,919
)
   
8,292,481
 
                                         
   
 
Year Ended
December 31, 2012
 
   
Orient Paper HB
   
Orient Paperg
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