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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2014

Summarized financial information for reportable segments

	Three Months Ended
	September 30, 2014
		Orient Paper		Orient Paper			Not Attributable			Elimination of Inter-		Enterprise-wide,
		HB		Shengde			to Segments			segment		consolidated

Revenues	$	40,183,579	$	570,626		$	-		$	-	$	40,754,205
Gross Profit		6,401,583		9,265			-			-		6,410,848
Depreciation and amortization		1,308,580		701,550			-			-		2,010,130
Interest income		33,752		1,338			-			-		35,090
Interest expense		344,191		-			-			-		344,191
Income tax expense		1,227,949		19,307			-			-		1,247,256
Net Income (Loss)		3,801,421		(39,917	)		(388,560	)		-		3,372,944

	Three Months Ended
	September 30, 2013
		Orient Paper		Orient Paper		Not Attributable			Elimination of Inter-		Enterprise-wide,
		HB		Shengde		to Segments			segment		consolidated

Revenues	$	36,097,505	$	1,588,609	$	-		$	-	$	37,686,114
Gross Profit		8,029,435		406,379		-			-		8,435,814
Depreciation and amortization		1,364,219		695,051		-			-		2,059,270
Interest income		22,871		1,265		23			-		24,159
Interest expense		242,740		-		1,645			-		244,385
Income tax expense		1,879,452		99,651		-			-		1,979,103
Net Income (Loss)		5,649,511		270,450		(385,117	)		-		5,534,844

	Nine Months Ended
	September 30, 2014
		Orient Paper		Orient Paper		Not Attributable			Elimination of Inter-		Enterprise-wide,
		HB		Shengde		to Segments			segment		consolidated

Revenues	$	101,402,582	$	2,941,752	$	-		$	-	$	104,344,334
Gross Profit		16,637,730		564,961		-			-		17,202,691
Depreciation and amortization		3,764,983		2,112,841		-			-		5,877,824
Interest income		77,043		2,895		-			-		79,938
Interest expense		888,028		-		-			-		888,028
Income tax expense		3,378,702		157,791		-			-		3,536,493
Net Income (Loss)		10,266,271		310,373		(1,098,298	)		-		9,478,346
Total Assets		186,295,286		42,841,370		2,412,866			-		231,549,522

	Nine Months Ended
	September 30, 2013
		Orient Paper		Orient Paper		Not Attributable			Elimination of Inter-		Enterprise-wide,
		HB		Shengde		to Segments			segment		consolidated

Revenues	$	86,982,167	$	3,489,115	$	-		$	-	$	90,471,282
Gross Profit		15,536,788		627,658		-			-		16,164,446
Depreciation and amortization		3,914,115		2,066,605		-			-		5,980,720
Interest income		76,599		2,300		49			-		78,948
Interest expense		719,593		-		3,510			-		723,103
Income tax expense		3,397,122		153,771		-			-		3,550,893
Net Income (Loss)		10,247,650		371,382		(1,124,997	)		-		9,494,035

	Year Ended December 31, 2013
		Orient Paper		Orient Paper	Not Attributable		Elimination of Inter-		Enterprise-wide,
		HB		Shengde	to Segments		segment		consolidated

Total Assets	$	168,149,877	$	41,264,704	$111,621	$	-	$	209,526,202

- 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+ Details