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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2014
Segment Reporting [Abstract] |
Summarized financial information for reportable segments |
| Three Months Ended
|  | June 30, 2014
|  | Orient Paper |  |  | Orient Paper |  |  | Not Attributable |  |  | Elimination |  | Enterprise-wide,
|  | HB |  |  | Shengde |  |  | to Segments |  |  | of Inter-segment |  | consolidated
Revenues |  | $ | 36,759,295 |  |  | $ | 1,076,970 |  |  | $ | - |  |  | $ | - |  | $ | 37,836,265
Gross Profit |  |  | 5,921,276 |  |  |  | 199,731 |  |  |  | - |  |  |  | - |  |  | 6,121,007
Depreciation and amortization |  |  | 1,185,666 |  |  |  | 743,234 |  |  |  | - |  |  |  | - |  |  | 1,928,900
Interest income |  |  | 38,385 |  |  |  | 1,066 |  |  |  | - |  |  |  | - |  |  | 39,451
Interest expense |  |  | 268,545 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | 268,545
Income tax expense |  |  | 1,280,388 |  |  |  | 50,118 |  |  |  | - |  |  |  | - |  |  | 1,330,506
Net Income (Loss) |  |  | 3,819,265 |  |  |  | 120,497 |  |  |  | (367,654 | ) |  |  | - |  |  | 3,572,108
|  | Three Months Ended
|  | June 30, 2013
|  | Orient Paper |  | Orient Paper |  | Not Attributable |  | Elimination |  | Enterprise-wide,
|  | HB |  | Shengde |  | to Segments |  | of Inter-segment |  | 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
|  | Six Months Ended
|  | June 30, 2014
|  | Orient Paper |  | Orient Paper |  | Not Attributable |  | Elimination |  | Enterprise-wide,
|  | HB |  | Shengde |  | to Segments |  | of Inter-segment |  | consolidated
Revenues |  | $ | 61,219,003 |  | $ | 2,371,126 |  | $ | - |  | $ | - |  | $ | 63,590,129
Gross Profit |  |  | 10,236,147 |  |  | 555,696 |  |  | - |  |  | - |  |  | 10,791,843
Depreciation and amortization |  |  | 2,456,403 |  |  | 1,411,291 |  |  | - |  |  | - |  |  | 3,867,694
Interest income |  |  | 43,291 |  |  | 1,557 |  |  | - |  |  | - |  |  | 44,848
Interest expense |  |  | 543,837 |  |  | - |  |  | - |  |  | - |  |  | 543,837
Income tax expense |  |  | 2,150,753 |  |  | 138,484 |  |  | - |  |  | - |  |  | 2,289,237
Net Income (Loss) |  |  | 6,464,850 |  |  | 350,290 |  |  | (709,738 | ) |  | - |  |  | 6,105,402
Total Assets |  |  | 183,795,736 |  |  | 40,307,528 |  |  | 112,263 |  |  | - |  |  | 224,215,527
|  | Six Months Ended
|  | June 30, 2013
|  | Orient Paper |  | Orient Paper |  | Not Attributable |  | Elimination |  | Enterprise-wide,
|  | HB |  | Shengde |  | to Segments |  | of Inter-segment |  | 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
|  | 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

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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