XML 43 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property, Plant and Equipment (Details Textual)
3 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2013
USD ($)
Jun. 30, 2012
USD ($)
Jun. 30, 2013
USD ($)
T
Jun. 30, 2012
USD ($)
Dec. 31, 2012
USD ($)
Jun. 16, 2013
Sale-leaseback arrangement [Member]
USD ($)
Jun. 16, 2013
Sale-leaseback arrangement [Member]
CNY
Jun. 30, 2013
Sale-leaseback arrangement [Member]
USD ($)
Jun. 30, 2013
Land use rights [Member]
USD ($)
Land_Use_Right
Dec. 31, 2012
Land use rights [Member]
USD ($)
Jun. 30, 2013
Land use right one [Member]
Jun. 30, 2013
Land use right two [Member]
Property, Plant and Equipment (Textual)                        
Lease term                 50 years      
Number of land use rights                 2      
Lease expiration year                     2053 2061
Property plant and equipment pledged for long term loan $ 8,803,929   $ 8,803,929   $ 9,316,645          $ 7,419,614    
Total financing proceeds           24,000,000 150,000,000          
Proceeds from sale of paper manufacturing equipment to leasing company     24,158,461        150,000,000          
Term of lease           3 years 3 years          
Nominal purchase price           2,400 15,000          
Deferred gain on sale of leased equipment 758,257   758,257      758,257            
Capital lease equipment 25,736,822   25,736,822         25,736,822        
Assest pledged for the guarantee of Orient Paper HB's capital lease 37,157,082   37,157,082                  
Production capacity of manufacturing equipment PM8 (per year)     15,000                  
Amount of Long term loan of third party (paid off on June 3, 2013)         1,505,881              
Value of land use right pledged for sale-leaseback financing 7,505,504   7,505,504                  
Depreciation and amortization $ 1,988,597 $ 2,091,447 $ 3,921,450 $ 4,050,749