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Segment Reporting
6 Months Ended
Jun. 30, 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
  
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