XML 57 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Taxes [Abstract]

Schedule of provisions for income taxes

		Three Months Ended
		June 30,
		2016				2015
Provision for Income Taxes
Current Tax Provision PRC		$	1,377,602			$	2,320,100
Deferred Tax Provision PRC			(437,062	)			(343,589	)
Total Provision for Income Taxes		$	940,540			$	1,976,511

		Six Months Ended
		June 30,
		2016				2015
Provision for Income Taxes
Current Tax Provision PRC		$	2,013,868			$	3,276,555
Deferred Tax Provision PRC			(969,901	)			(494,559	)
Total Provision for Income Taxes		$	1,043,967			$	2,781,996

Schedule of reconciliation of statutory rates to Company's effective tax rate

		Three Months Ended  June 30,
		2016				2015
PRC Statutory rate			25.0	%			25.0	%
Effect of different tax jurisdiction			(0.5	)			(0.4	)
Effect of expenses not deductible for PRC tax purposes			-				-
Under provision in previous years			0.2				0.1
Change in valuation allowance			2.0				1.4
Effective income tax rate			26.7	%			26.1	%

		Six Months Ended  June 30,
		2016				2015
PRC Statutory rate			25.0	%			25.0	%
Effect of different tax jurisdiction			(7.4	)			(0.5	)
Effect of expenses not deductible for PRC tax purposes			0.4				-
Under provision in previous years			0.3				0.1
Change in valuation allowance			28.1				2.0
Effective income tax rate			46.4	%			26.6	%

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration