XML 21 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Tables)
6 Months Ended
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