XML 32 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Summarized financial information for reportable segments
 
 
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