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Segment Reporting

12 Months Ended

Dec. 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: 

		Year Ended
		December 31, 2017
		Orient Paper				Orient Paper				Not Attributable				Elimination of				Enterprise-wide,
		HB				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	117,023,578			$	-			$	-			$	-			$	117,023,578
Gross profit			19,955,951				-				-				-				19,955,951
Depreciation and amortization			13,719,661				914,119				-				-				14,633,780
Loss from impairment and disposal of property, plant and equipment			1,896,320				2,071,969				-				-				3,968,289
Interest income			29,565				5,025				-				-				34,590
Interest expense			2,320,147				113,623				-				-				2,433,770
Income tax expense(benefit)			1,544,069				(887,769	)			6,528				-				662,828
Net income (loss)			4,746,326				(2,293,731	)			(792,807	)			-				1,659,788
Total Assets			192,620,887				26,363,435				5,159				-				218,989,481

		Year Ended
		December 31, 2016
		Orient Paper				Orient Paper				Not Attributable				Elimination				Enterprise-wide,
		HB				Shengde				to Segments				of Inter-segment				consolidated
Revenues		$	134,087,266			$	657,334			$	-			$	-			$	134,744,600
Gross profit (loss)			25,918,026				(386,143	)			-				-				25,531,883
Depreciation and amortization			14,360,363				927,146				-				-				15,287,509
Loss from disposal of property, plant and equipment			178,306				-				-				-				178,306
Interest income			95,915				1,061				-				-				96,976
Interest expense			2,621,147				-				-				-				2,621,147
Income tax expense(benefit)			3,339,041				(224,469	)			-				-				3,114,572
Net income (loss)			9,999,297				(722,883	)			(1,963,438	)			-				7,312,976
Total assets			179,689,131				28,687,027				1,460				-				208,377,618

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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