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Segment Reporting
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting

(17) 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 offset 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 Province, 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 
  March 31, 2017 
  Orient Paper  Orient Paper  Not Attributable  Elimination  Enterprise-wide, 
  HB  Shengde  to Segments  of Inter-segment  consolidated 
                
Revenues $25,289,659  $-  $-  $-  $25,289,659 
Gross profit  5,653,920   -   -   -   5,653,920 
Depreciation and amortization  3,391,288   224,071   -   -   3,615,359 
Interest income  (17,709)  (236)  -   -   (17,945)
Interest expense  679,084   -   -   -   679,084 
Income tax expense(benefit)  687,570   (144,288)  -   -   543,282 
Net income (loss)  2,022,614   (97,623)  (217,122)  -   1,707,869 
Total Assets  194,630,398   28,288,619   712   -   222,919,729 

 

  Three Months Ended March 31, 2016 
  Orient Paper HB    Orient Paper Shengde  Not Attributable to Segments  Elimination of
Inter-segment		  Enterprise-wide, consolidated 
                
Revenues $27,601,565  $312,768  $-  $                      -  $27,914,333 
Gross profit (loss)  4,009,947   (244,063)  -   -   3,765,884 
Depreciation and amortization  3,930,916   236,756   -   -   4,167,672 
Interest income  30,546   241   -   -   30,787 
Interest expense  720,889   -   -   -   720,889 
Income tax expense(benefit)  160,974   (57,547)  -   -   103,427 
Net Income (loss)  473,779   (197,821)  (1,649,854)  -   (1,373,896)

 

  As of December 31, 2016 
  Orient Paper HB  Orient Paper Shengde  Not Attributable   to Segments  Elimination of Inter-segment  Enterprise-wide, consolidated 
                     
Total assets $179,689,131   28,687,027   1,460   -   208,377,618