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Segment Reporting
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting
(18) 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: 
 
 
Three Months Ended
 
 
March 31, 2014
 
 
Orient Paper
 
Orient Paper
 
Not Attributable
 
Elimination
 
Enterprise-wide,
 
 
HB
 
Shengde
 
to Segments
 
of Inter-segment
 
consolidated
 
           
Revenues
 $24,459,708  $1,294,156  $-  $-  $25,753,864 
Gross Profit
  4,314,871   355,965   -   -   4,670,836 
Depreciation and amortization
  1,270,737   668,057   -   -   1,938,794 
Interest income
  4,906   491   -   -   5,397 
Interest expense
  275,292   -   -   -   275,292 
Income tax expense
  870,365   88,366   -   -   958,731 
Net Income (Loss)
  2,645,585   229,793   (342,084)  -   2,533,294 
Total Assets
  173,486,638   40,673,939   39,218   -   214,199,795 
 
 
Three Months Ended
 
 
March 31, 2013
 
 
Orient Paper
 
Orient Paper
 
Not Attributable
 
Elimination
 
Enterprise-wide,
 
 
HB
 
Shengde
 
to Segments
 
of Inter-segment
 
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 
       
  
Year Ended December 31, 2013
 
  
Orient Paper
  
Orient Paper
  
Not Attributable
  
Elimination
  
Enterprise-wide,
 
  
HB
  
Shengde
  
to Segments
  
of Inter-segment
  
consolidated
 
                
Total Assets
 $168,149,877  $41,264,704  $111,621  $-  $209,526,202