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Segment Reporting
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting
(19) 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 is as follows:
 
 
 
Year Ended
 
 
 
December 31, 2013
 
 
 
Orient Paper
 
 
Orient Paper
 
 
Not Attributable
 
 
Elimination
 
Enterprise-wide,
 
 
 
HB
 
 
Shengde
 
 
to Segments
 
 
of Inter-segment
 
consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
120,747,633
 
 
$
4,969,997
 
 
  $
-
 
 
  $
-
 
$
125,717,630
 
Gross Profit
 
 
22,318,739
 
 
 
1,006,860
 
 
 
-
 
 
 
-
 
 
23,325,599
 
Depreciation and amortization
 
 
6,828,970
 
 
 
965,773
 
 
 
-
 
 
 
-
 
 
7,794,743
 
Interest income
 
 
86,168
 
 
 
4,009
 
 
 
83
 
 
 
-
 
 
90,260
 
Interest expense
 
 
995,694
 
 
 
-
 
 
 
-
 
 
 
-
 
 
995,694
 
Income tax expense
 
 
4,845,970
 
 
 
248,565
 
 
 
-
 
 
 
-
 
 
5,094,535
 
Net Income (Loss)
 
 
14,604,244
 
 
 
638,031
 
 
 
(2,227,627
)
 
 
-
 
 
13,014,648
 
Total Assets
 
 
168,149,877
 
 
 
41,264,704
 
 
 
111,621
 
 
 
-
 
 
209,526,202
 
 
 
 
Year Ended
 
 
 
December 31, 2012
 
 
 
Orient Paper
 
 
Orient Paper
 
 
Not Attributable
 
 
Elimination
 
Enterprise-wide,
 
 
 
HB
 
 
Shengde
 
 
to Segments
 
 
of Inter-segment
 
consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
144,928,792
 
 
$
6,188,014
 
 
  $
-
 
 
  $
-
 
$
151,116,806
 
Gross Profit
 
 
25,616,670
 
 
 
1,439,577
 
 
 
-
 
 
 
-
 
 
27,056,247
 
Depreciation and amortization
 
 
6,553,120
 
 
 
1,829,739
 
 
 
-
 
 
 
-
 
 
8,382,859
 
Impairment
 
 
2,762,349
 
 
 
-
 
 
 
-
 
 
 
-
 
 
2,762,349
 
Interest income
 
 
25,950
 
 
 
4,634
 
 
 
90
 
 
 
-
 
 
30,674
 
Interest expense
 
 
867,561
 
 
 
-
 
 
 
4,273
 
 
 
-
 
 
871,834
 
Income tax expense
 
 
5,129,304
 
 
 
335,539
 
 
 
-
 
 
 
-
 
 
5,464,843
 
Net Income (Loss)
 
 
15,109,345
 
 
 
965,444
 
 
 
(1,402,126
)
 
 
-
 
 
14,672,663
 
Total Assets
 
 
119,707,195
 
 
 
43,076,428
 
 
 
62,701
 
 
 
-
 
 
162,846,324
 
 
   
Year Ended
 
   
December 31, 2011
 
   
Orient Paper
   
Orient Paper
   
Not Attributable
   
Elimination
 
Enterprise-wide,
 
   
HB
   
Shengde
   
to Segments
   
of Inter-segment
 
consolidated
 
                         
Revenues
 
$
142,498,116
   
$
8,249,200
   
 $
-
   
 $
-
 
$
150,747,316
 
Gross Profit
   
30,191,480
     
2,758,595
     
-
     
-
   
32,950,075
 
Depreciation and amortization
   
3,504,717
     
919,814
     
-
     
-
   
4,424,531
 
Interest income
   
20,847
     
15,273
     
317
     
-
   
36,437
 
Interest expense
   
699,892
     
-
     
-
     
-
   
699,892
 
Income tax expense
   
7,136,886
     
662,340
     
-
     
-
   
7,799,226
 
Net Income (Loss)
   
21,527,824
     
1,961,694
     
(1,840,854
)
   
-
   
21,648,664