China Shengda Packaging (CPGI) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Trading Symbol	cpgi
Entity Registrant Name	China Shengda Packaging Group Inc.
Entity Central Index Key	1,421,561
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		7,758,168
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)		Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents		$ 10,651,972	$ 10,909,547
Restricted cash		12,659,820	13,764,420
Accounts and notes receivable, net		43,968,476	40,385,615
Inventories		22,043,281	16,197,839
Prepayments and other receivables		3,750,134	1,714,052
Amount due from related parties		230,098	51,093
Deductible value added tax payable		865,139	867,869
Total current assets		94,168,920	83,890,435
Non-current assets
Property, plant and equipment, net		76,001,975	72,274,052
Land use right		11,624,648	11,650,850
Deferred tax assets		3,945,552	2,965,241
Goodwill		182,036	180,373
Total assets		185,923,131	170,960,951
Current liabilities
Accounts and notes payable		50,689,405	41,954,268
Amounts due to related parties		3,554,905	2,961,704
Accrued expenses and other payables		4,743,444	2,964,988
Taxes payable		1,619,446	1,826,922
Short-term loans		3,500,000	3,500,000
Current portion of long-term loans		4,500,000	0
Total current liabilities		68,607,200	53,207,882
Non-current liabilities
Long-term loans		0	4,500,000
Total liabilities		68,607,200	57,707,882
Commitment and contingencies		0	0
Stockholders' equity
Common stock (US$0.001 par value, 38,000,000 shares authorized, 7,758,168 shares issued and outstanding at June 30, 2015 and December 31, 2014) (1)	[1]	7,758	7,758
Additional paid-in capital		43,067,497	43,067,497
Appropriated retained earnings		8,713,159	8,293,281
Unappropriated retained earnings		49,535,257	49,894,124
Accumulated other comprehensive income		12,834,475	11,778,550
Total equity for stockholders of China Shengda Packaging		114,158,146	113,041,210
Noncontrolling interest		3,157,785	211,859
Total equity		117,315,931	113,253,069
Total liabilities and equity		$ 185,923,131	$ 170,960,951
[1]	(1) All per share amounts and shares outstanding for all periods have been retroactively restated to reflect China Shengda Packaging Group Inc.'s 1-for-5 reverse stock split, which was effect on May 18, 2015.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	38,000,000	38,000,000
Common Stock, Shares, Issued	7,758,168	7,758,168
Common Stock, Shares, Outstanding	7,758,168	7,758,168

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues		$ 39,703,201	$ 37,237,538	$ 77,630,620	$ 69,527,517
Cost of goods sold		34,374,054	30,742,764	67,294,930	58,899,444
Gross profit		5,329,147	6,494,774	10,335,690	10,628,073
Operating expenses
Selling expenses		1,523,667	1,614,033	3,389,105	3,463,962
General and administrative expenses		3,940,021	3,168,636	7,157,482	6,011,684
(Income) loss from disposal of property, plant and equipment		(87,538)	(5,104)	(87,538)	636,341
Total operating expenses		5,376,150	4,777,565	10,459,049	10,111,987
Other income (expenses)
Interest income		87,237	43,623	210,399	541,442
Interest expense		(218,716)	(354,923)	(410,505)	(678,608)
Subsidy income		552	214,193	13,568	214,193
Total other income (expenses)		(130,927)	(97,107)	(186,538)	77,027
Non-operating expense (income)
Non-operating expense (income)		2,108	55,040	123,999	(61,046)
Total Non-operating Income (Expense)		2,108	55,040	123,999	(61,046)
(Loss) income before income tax expense and noncontrolling interest		(180,038)	1,565,062	(433,896)	654,159
Income tax (benefit) expense		(132,196)	506,886	(286,245)	179,803
Net (loss) income		(47,842)	1,058,176	(147,651)	474,356
Less: net (loss) attributable to noncontrolling interest		(172,448)	(9,531)	(208,662)	(55,659)
Net income attributable to company's common stockholders		$ 124,606	$ 1,067,707	$ 61,011	$ 530,015
Basic and diluted earnings per share (1)	[1]	$ 0.02	$ 0.14	$ 0.01	$ 0.07
Weighted-average number of shares outstanding - basic and diluted (1)	[1]	7,758,168	7,758,168	7,758,168	7,758,168
Comprehensive income:
Net (loss) income		$ (47,842)	$ 1,058,176	$ (147,651)	$ 474,356
Foreign currency translation adjustment		583,851	132,342	1,055,160	(884,446)
Comprehensive income (loss)		536,009	1,190,518	907,509	(410,090)
Less: comprehensive (loss) attributable to noncontrolling interest		(173,057)	(9,973)	(209,427)	(55,762)
Net comprehensive (loss) income attributable to the Companys common stockholders		$ 709,066	$ 1,200,491	$ 1,116,936	$ (354,328)
[1]	(1) All per share amounts and shares outstanding for all periods have been retroactively restated to reflect China Shengda Packaging Group Inc.'s 1-for-5 reverse stock split, which was effect on May 18, 2015.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net (loss) income	$ (147,651)	$ 474,356
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expenses	3,740,846	3,913,433
Deferred tax	(949,492)	(726,504)
Change in operating assets and liabilities:
Restricted cash	1,227,000	(324,200)
Accounts and notes receivable	(3,192,096)	3,343,059
Inventories	(4,892,140)	(1,246,982)
Prepayments and other receivables	(1,644,438)	(1,316,122)
Accounts and notes payable	7,842,297	1,934,610
Amount due from(to) related party	385,946	(199,440)
Accrued expenses and other payables	1,671,235	244,698
Tax payables	(212,805)	1,102,166
Net cash provided by operating activities	3,828,702	7,199,074
Cash flows from investing activities
Purchase of property, plant and equipment	(4,463,668)	(2,565,687)
Proceeds from disposal of property, plant and equipment	278,120	175,615
Net cash (used in) investing activities	(4,185,548)	(2,390,072)
Cash flows from financing activities
Proceeds from short-term loans	3,500,000	10,998,480
Proceeds from long-term loans	0	4,497,226
Repayment of short-term loans	(3,500,000)	(10,187,980)
Repayment of long-term loans	0	(4,497,226)
Restricted cash	0	(2,690,860)
Net cash flows (used in) financing activities	0	(1,880,360)
Effect of foreign currency exchange rate fluctuation on cash and cash equivalents	99,271	(46,752)
Net changes in cash and cash equivalents	(257,575)	2,881,890
Cash and cash equivalents, beginning of year	10,909,547	6,569,495
Cash and cash equivalents, end of year	10,651,972	9,451,385
Cash paid during the year for:
Interest paid	385,786	509,851
Income taxes paid	392,621	982,735
Non-cash financing transactions:
Property, plant and equipment and inventory injected by noncontrolling interest	$ 3,137,995	$ 0

PRINCIPAL ACTIVITIES AND ORGANI

PRINCIPAL ACTIVITIES AND ORGANIZATION	6 Months Ended
	Jun. 30, 2015
PRINCIPAL ACTIVITIES AND ORGANIZATION [Text Block]	1. PRINCIPAL ACTIVITIES AND ORGANIZATION The consolidated financial statements include the financial statements of China Shengda Packaging Group Inc. (the “Company” or “China Shengda Packaging”) and its subsidiaries, Evercharm Holdings Limited (“Evercharm”), Zhejiang Great Shengda Packaging Co., Ltd (“Great Shengda”), Zhejiang Shengda Color Pre-printing Co. Ltd (“Shengda Color”), Hangzhou Shengming Paper Co., Ltd (“Hangzhou Shengming”), Suzhou Asian and American Paper Products Co., Ltd (“Suzhou AA”), Jiangsu Shuangsheng Paper Technology Development Co., Ltd. (“Shuangsheng”), Jiangsu Great Shengda Concept Packaging Development Co., Ltd. (“Shengda Concept”), Chendu Shengda Zhongtian Packaging Co., Ltd (“Shengda Zhongtian”) and Hangzhou Xiaoshan Xiaosheng Paper Co., Ltd (“Xiaosheng”). The Company and its subsidiaries are collectively referred to as the “Group”. The Company, formerly named as Health Place Corporation, was incorporated in the State of Nevada on March 16, 2007 as a web-based service provider offering an online service where health practitioners could purchase products and services to improve their work and home lives, including books, CDs, clothing, and accessories geared towards the needs of these practitioners. However, it did not engage in any operations and was dormant from its inception until its reverse acquisition of Evercharm on April 8, 2010. On April 8, 2010, the Company completed a reverse acquisition transaction through a share exchange with Evercharm and its sole shareholder, Shengda (Hangzhou) Holdings Limited (“Shengda Holdings”), whereby China Shengda Packaging acquired 100% of the issued and outstanding capital stock of Evercharm, in exchange for 5,520,000 shares of China Shengda Packaging’s common stock, which constituted 92% of its issued and outstanding shares on a fully-diluted basis of China Shengda Packaging immediately after the consummation of the reverse acquisition. As a result of the reverse acquisition, Evercharm became China Shengda Packaging’s wholly-owned subsidiary and Shengda Holdings, the former shareholder of Evercharm, became China Shengda Packaging’s controlling stockholder. The share exchange transaction with Evercharm was treated as a reverse acquisition, with Evercharm as the accounting acquirer and China Shengda Packaging as the acquired party. On April 29, 2010, the Company completed a private placement of shares of its common stock with a group of accredited investors. Pursuant to a securities purchase agreement with the investors, the Company issued to the investors an aggregate of 291,262 shares at a price per share of US$17.15 for US$5 million. Net proceeds after deducting offering costs were approximately US$4.0 million. On December 10, 2010, the Company completed a public offering and issued an aggregate of 1,600,000 shares at a price per share of US$20.0 for US$32 million. Net proceeds after deducting offering costs were approximately US$29.7 million. Evercharm was incorporated in British Virgin Islands (“BVI”) on September 15, 2004, and is a holding company without any operations. Great Shengda, Evercharm’s wholly-owned subsidiary, was incorporated in Hangzhou city, Zhejiang province, People’s Republic of China(“PRC”) on November 22, 2004. Its registered capital was US$44 million as of June 30, 2015. Great Shengda is engaged in manufacturing and processing corrugated paper cartons and paperboard and package decoration printing and selling. Shengda Color, Great Shengda’s 100% wholly-owned subsidiary, was incorporated in Hangzhou city, Zhejiang province, PRC on August 8, 2005 with registered capital of RMB10 million. Shengda Color is engaged in the manufacturing and sale of paper cartons and paperboard, as well as the research and development of paper packing technology. Hangzhou Shengming, 75% held by Shengda Color and 25% held by Evercham, was incorporated in Hangzhou city, Zhejiang province, PRC on December 28, 2006 with registered capital of US$15 million. It is engaged in the manufacturing and sale of paper cartons and paperboard, as well as the research and development of paper packing technology. Suzhou AA was incorporated in Suzhou city, Jiangsu province, PRC on June 22, 2010, with registered capital amounting to RMB1.89 million. It is engaged in manufacturing and sales of paper products. On August 12, 2010, Great Shengda acquired 100% equity interest of Suzhou AA from its original shareholders, for cash consideration amounting to RMB3 million (US$0.44 million). Shuangsheng was incorporated in Yancheng city, Jiangsu province, PRC on September 22, 2011. Shuangsheng has registered capital amounting to RMB280 million, 99.06% held by Great Shengda and 0.94% held by Shuangdeng Paper Industrial Company Limited (“Shuangdeng Paper”), a company incorporated in PRC, and is controlled by the same ultimate stockholders of the Company. Shuangsheng is engaged in the business of new paper making technology, related research and the development, application, transfer and consultation of such relevant technology. Shengda Concept, Great Shengda’s 100% wholly-owned subsidiary, was incorporated in Yangcheng city, Jiangsu province, PRC on June 16, 2014, with registered capital of RMB30.95 million. Shengda Concept is engaged in the manufacturing and sale of paper cartons and paperboard as well as the research development of paper packing technology. Shengda Zhongtian, a joint venture 55% held by Great Shengda and 45% held by Chengdu Zhongtian Chengxin Packaging Co., Ltd (“Chengxin Packaging”), was incorporated in Chengdu city, Sichuan province, PRC on December 2, 2014, with registered capital of RMB42.86 million with actually invested capital of RMB39.88 million. Zhongtian is engaged in the manufacturing and sale of paper cartons and paper boxes. Xiaosheng, Shuangsheng’s 100% wholly-owned subsidiary, was incorporated in Hangzhou city, Zhejiang province, PRC on December 15, 2014, with registered capital of RMB38 million with actually invested capital of nil. Xiaosheng is engaged in the sale of corrugating medium paper. It was at the development stage as of June 30, 2015. On May 18, 2015, China Shengda Packaging effected a one for five reverse stock split (the “Reverse Spilt”). The principal effect of the Reverse Split was to decrease the number of outstanding shares of each of China Shengda Packaging’s common shares. All per share amounts and shares outstanding for all the periods have been retroactively restated to reflect the Reverse Split.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. The consolidated interim financial information as of June 30, 2015 and for the six-month periods ended June 30, 2015 and 2014 have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and notes disclosures, which are normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have not been included. The consolidated interim financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, previously filed with the SEC. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of June 30, 2015, its consolidated results of operations and cash flows for the six-month periods ended June 30, 2015 and 2014, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. Noncontrolling interest represents the ownership interests in a subsidiary that was held by owners other than the parent and is part of the equity of the consolidated group. The noncontrolling interest is reported in the consolidated statement of financial position within equity, separately from the parent’s equity. Net income or loss and comprehensive income or loss is attributed to the parent and the noncontrolling interest. If losses attributable to the parent and the noncontrolling interest in a subsidiary exceed their interests in the subsidiary’s equity, the excess, and any further losses attributable to the parent and the noncontrolling interest, is attributed to those interests. (b) Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Group to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include the allowance for doubtful receivables, recoverability of the carrying amount of inventory, and the assessment of deferred tax assets or liabilities. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates. (c) Cash and cash equivalents Cash includes not only currency on hand but demand deposits with banks or other financial institutions. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less. (d) Restricted cash Restricted cash represents the deposits held as compensating balances against banks’ acceptances issued, loans borrowed. (e) Accounts and notes receivable, net Accounts receivable are recognized and carried at original sales amounts less an allowance for uncollectible accounts, as needed. Accounts receivable are reviewed periodically as to whether they are past due based on contractual terms and their carrying value has become impaired. An allowance for doubtful accounts is recorded in the period in which loss is determined to be probable based on an assessment of specific evidence indicating doubtful collection, historical experience, account balance aging and prevailing economic conditions. Accounts receivable balances are written off after all collection efforts have been exhausted. No significant account receivable balance was written off as of June 30, 2015 and December 31, 2014. Notes receivable represent banks’ acceptances that have been arranged with third-party financial institutions by certain customers to settle their purchases from us. These banks’ acceptances are non-interest bearing and are collectible within six months. Such sales and purchasing arrangements are consistent with industry practices in the PRC. There were no outstanding amounts from customers that individually represent greater than 10% of the total balance of accounts receivable as of June 30, 2015 and December 31, 2014. (f) Inventories Inventories are stated at lower of cost or market. Cost is determined using the weighted average method. Inventory includes raw materials, work in process and finished goods. The variable production overhead is allocated to each unit of production on the basis of the actual use of the production facilities. The allocation of fixed production overhead to the costs of conversion is based on the normal capacity of the production facilities. Where there is evidence that the utility of inventories, in their disposal in the ordinary course of business, will be less than cost, whether due to physical deterioration, obsolescence, changes in price levels, or other causes, the inventories are written down to their fair value for the difference with charges to cost of sales. No value was written down for the inventories as of June 30, 2015 and December 31, 2014. (g) Property, plant and equipment and construction in process Other than those acquired in a business combination, property, plant and equipment is stated at historical cost less accumulated depreciation and amortization. The historical cost of acquiring an item of property, plant and equipment includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. If an item of property, plant and equipment is constructed or developed over a period of time before it is in a condition to be placed in service, the interest cost incurred during that period as a result of expenditures for the item is a part of the historical cost. This item is categorized as construction in progress and is not depreciated until substantially all the activities necessary to bring it to the condition and location necessary for its intended use are completed. Depreciation of property, plant and equipment is calculated using the straight-line method (after taking into account their respective estimated residual value) over the estimated useful lives of the assets as follows: Years Residual value Buildings and improvements 5 - 20 5% Machinery 10 5% Office equipment 3 - 5 5% Motor vehicles 5 5% Depreciation of property, plant and equipment attributable to manufacturing activities is capitalized as part of inventories, and expensed to cost of goods sold when inventories are sold. Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of property, plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations. Construction in progress represents capital expenditure measured as the direct costs of construction or acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to the appropriate category of property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. Construction in progress is not depreciated. (h) Land use right Land use right represents the cost paid to the PRC government authorities for the right to use land over a specified period. Land use right is amortized on a straight line basis over its estimated useful life, which is the periods over which the asset is expected to contribute directly or indirectly to the future cash flows of the Group. The land use right, with 166,533 square meters in area, has a term of 50 years and will expire in December 2058, the estimated useful life is as follows: Years Residual value Land use right 46 0% (i) Goodwill Goodwill represents the excess of acquisition costs over the fair value of tangible net assets and identifiable intangible assets of businesses acquired. Goodwill and certain other intangible assets deemed to have indefinite lives are not amortized. Intangible assets determined to have definite lives are amortized over their useful lives. Goodwill and indefinite lived intangible assets are subject to impairment testing annually as of the fiscal year-end or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable by comparing carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value. (j) Foreign currency translation and transactions The Company’s and Evercharm’s functional currency is the United States dollar (“US$”). The functional currency of the Company’s subsidiaries in the PRC is Renminbi (“RMB”). At the date a foreign currency transaction is recognized, each asset, liability, revenue, expense, gain, or loss arising from the transaction is measured initially in the functional currency of the recording entity by use of the exchange rate in effect at that date. The increase or decrease in expected functional currency cash flows upon settlement of a transaction resulting from a change in exchange rates between the functional currency and the currency in which the transaction is denominated is recognized as foreign currency transaction gain or loss that is included in determining net income for the period in which the exchange rate changes. At each balance sheet date, recorded balances that are denominated in a foreign currency are adjusted to reflect the current exchange rate. The Company’s reporting currency is US$. Assets and liabilities of the PRC subsidiaries are translated at the current exchange rate at the balance sheet dates, equity is translated at the historical exchange rate at the injection date and revenues and expenses are translated at the average exchange rates during the reporting periods. Translation adjustments are reported in other comprehensive income. (k) Commitments and contingencies In the normal course of business, the Group is subject to loss contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters, including, among others, government investigations, product and environmental liability, and tax matters. The Group records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Historically, the Group has not experienced any material service liability claims. (l) Appropriated retained earnings The income of the Company’s PRC subsidiaries is distributable to its stockholders after transfer to reserves as required by relevant PRC laws and regulations and the subsidiaries’ articles of association. Appropriations to the reserves are approved by the respective boards of directors. Reserves include statutory reserves and other reserves. Statutory reserves can be used to make good previous years’ losses, if any, and may be converted into capital in proportion to the existing equity interests of stockholders, provided that the balance after such conversion is not less than 25% of the registered capital. The appropriation of statutory reserve may cease to apply if the balance of the fund is equal to 50% of the entity’s registered capital. Pursuant to relevant PRC laws and articles of association of Great Shengda, Shengda Color, Hangzhou Shengming, Suzhou AA and Shuangsheng, the appropriation to the statutory reserves and other reserves is 15% of net profit after taxation of respective entity, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with U.S. GAAP might differ from those reflected in the statutory financial statements of the Company’s subsidiaries. As of June 30, 2015 and December 31, 2014, the statutory reserve recorded by the Company’s subsidiaries incorporated in the PRC amounted to US$8,713,159 and US$8,293,281, respectively. As of June 30, 2015 and December 31, 2014, the statutory reserve balances of Great Shengda, Hangzhou Shengming, Shengda Color, Suzhou AA, Shuangsheng, Shengda Concept, Shengda Zhongtian and Xiaosheng accounted for approximately 16.2%, 15.6%, 50.0%, 36.1%, nil, nil, nil and nil of their registered capital. The future income of these subsidiaries will be subject to statutory reserve. (m) Revenue recognition All of the following criteria must exist in order for the Group to recognize revenue: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. Delivery does not occur until products have been shipped to the customers, risk of loss has transferred to the customers and customers’ acceptance has been obtained, or the Group has objective evidence that the criteria specified in customers’ acceptance provisions have been satisfied. The majority of domestic sales contracts transfer title and risk of loss to customers upon receipt. The majority of oversea sales contracts transfer title and risk of loss to customers when goods were delivered to the carriers. The sales price is not considered to be fixed or determinable until all contingencies related to the sale have been resolved. In the PRC, value added tax (the “VAT”) of 17% on invoice amount is collected in respect of the sales of goods on behalf of tax authorities. Revenue is recognized on a net basis, and the VAT collected is not recognized as revenue of the Company. (n) Research and development costs Research and development costs are expensed as incurred. These expenses consist of the costs of the Company’s internal research and development activities and the costs of developing new products and enhancing existing products. Research and development costs amounted to US$1,988,441 and US$2,120,541 were recorded in general and administrative expenses for six months ended June 30, 2015 and 2014, respectively, US$1,024,238 and US$1,209,083 were recorded in general and administrative expenses for three months ended June 30, 2015 and 2014, respectively. (o) Retirement and other postretirement benefits Full-time employees of the Group in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, maternity insurance, work-related injury insurance and other welfare benefits are provided to employees. Chinese labor regulations require that the PRC subsidiaries of the Group make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Group has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were approximately US$864,690 and US$685,789 for six months ended June 30, 2015 and 2014, respectively, US$473,256 and US$336,818 were recorded in general and administrative expenses for three months ended June 30, 2015 and 2014, respectively (p) Income taxes Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company also periodically evaluates whether it has any uncertain tax positions requiring accounting recognition in its financial statements. Under applicable U.S. GAAP, companies may recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Applicable U.S. GAAP also provides guidance on the de-recognition of income tax liabilities, classification of interest and penalties on income taxes, and accounting for uncertain tax positions in interim period financial statements. The Company's policy is to record interest and penalties on uncertain tax provisions as a component of its income tax expense. The Group did not have any interest and penalties associated with tax positions and did not have any significant unrecognized uncertain tax positions as of June 30, 2015 and December 31, 2014. (q) Earnings per share Basic earnings per share are computed by dividing income attributable to holders of common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares. (r) Comprehensive income Comprehensive income consists of net income and other gains and losses affecting shareholders' equity that, under U.S. GAAP, are excluded from net income. During the periods presented, the Group's comprehensive income (loss) represents its net income (loss) and foreign currency translation gains and losses. (s) Fair value measurements Financial instruments include cash and cash equivalents, accounts and notes receivable, prepayments and other receivables, short-term loans, accounts and notes payable, other payables and amounts due to related party. The carrying amounts of these financial instruments approximate their fair value due to the short term maturities of these instruments. Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability. The Group maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs are used to measure fair value: Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. (t) Recently issued accounting standards In the period from January 1, 2015 to August 14, 2015, the FASB has issued ASU No. 2015-01 through ASU 2015-11, which are not expected to have a material impact on the consolidated financial statements upon adoption. (u) Concentration of Risks Concentration of Credit Risk Assets that potentially subject the Group to significant concentration of credit risk primarily consist of cash and cash equivalents and accounts and notes receivable. As of June 30, 2015 and December 31, 2014 substantially all of the Group’s cash and cash equivalents were deposited in financial institutions that management believes to be of high credit quality located in the PRC, which management believes are of high credit quality. Accounts receivable are typically unsecured and are derived from revenue earned from customers in the PRC. The risk with respect to accounts receivable is mitigated by credit evaluations the Group performs on its customers and its ongoing monitoring process of outstanding balances. Concentration of Customers There are no revenues from customers that individually represent greater than 10% of the total revenues during six-month period ended June 30, 2015 and 2014. Concentration of Suppliers The Company purchased its products from one major suppliers during the six months ended June 30, 2015, accounting for 12.76% of the total purchases, and there are no purchase from suppliers that individually represent greater than 10% of the total purchase during three months ended June 30, 2015. The Company purchased its products from three major suppliers during the six months ended June 30, 2014, accounting for 13.55%, 12.46% and 11.34% of the total purchases, and two major suppliers during the three months ended June 30, 2014, accounting for 20.68% and 11.80% of the total purchases. Current vulnerability due to certain other concentrations The Group’s operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 30 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC’s political, economic and social conditions. There is also no guarantee that the PRC government’s pursuit of economic reforms will be consistent or effective. The Group transacts all of its business in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China (the “PBOC”). However, the unification of the exchange rates does not imply that RMB may be readily convertible into US$ or other foreign currencies. All foreign exchange transactions continue to take place either through the PBOC or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC. Approval of foreign currency payments by the PBOC or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. Additionally, the value of RMB is subject to changes in central government policies and international economic and political developments affecting supply and demand in the PRC foreign exchange trading system market. (v) Segment reporting The company uses the management approach model, which is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. And the company's reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Accordingly, the Group categorizes its business into two operating segments, namely (i)Paper cartons and other paper products; (ii)Corrugating medium paper.

ACCOUNTS AND NOTES RECEIVABLE,

ACCOUNTS AND NOTES RECEIVABLE, NET	6 Months Ended
	Jun. 30, 2015
ACCOUNTS AND NOTES RECEIVABLE, NET [Text Block]	3. ACCOUNTS AND NOTES RECEIVABLE, NET Accounts and notes receivable consist of the following: June 30, December 31, 2015 2014 (Unaudited) Accounts receivable $ 37,542,359 $ 32,401,827 Notes receivable 6,426,117 7,983,788 $ 43,968,476 $ 40,385,615 No allowance for doubtful amounts was provided as of June 30, 2015 and December 31, 2014.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2015
INVENTORIES [Text Block]	4. INVENTORIES Inventories consist of the following: June 30, December 31, 2015 2014 (Unaudited) Raw materials $ 16,094,813 $ 12,321,396 Finished goods 5,939,786 3,862,363 Work in process 8,682 14,080 $ 22,043,281 $ 16,197,839 No value was written down for inventories as of June 30, 2015 and December 31, 2014.

PREPAYMENTS AND OTHER RECEIVABL

PREPAYMENTS AND OTHER RECEIVABLES	6 Months Ended
	Jun. 30, 2015
PREPAYMENTS AND OTHER RECEIVABLES [Text Block]	5. PREPAYMENTS AND OTHER RECEIVABLES Prepayments and other receivables consist of the following: June 30, December 31, 2015 2014 (Unaudited) Prepayments $ 3,141,053 $ 1,530,041 Other receivables 291,074 184,011 Prepaid expenses 318,007 - $ 3,750,134 $ 1,714,052 The prepayments were mainly paid to their suppliers in advance for raw materials purchased and for machinery purchased for new subsidiaries Shengda Concept and Shengda Zhongtian.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2015
PROPERTY, PLANT AND EQUIPMENT, NET [Text Block]	6. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment consist of the following: June 30, December 31, 2015 2014 (Unaudited) Buildings and improvements $ 34,300,299 $ 27,890,275 Machinery 69,053,425 62,781,607 Office equipment and furnishing 1,092,573 968,721 Motor vehicles 1,823,398 1,470,979 Construction in progress 1,276,238 7,212,504 107,545,933 100,324,086 Less: accumulated depreciation (31,543,958 ) (28,050,034 ) $ 76,001,975 $ 72,274,052 The Group recorded depreciation expenses of US$3,607,718 and US$3,684,097 for six months ended June 30, 2015 and 2014, US$1,896,503 and US$1,704,753 for three months ended June 30, 2015 and 2014, respectively. The property, plant and equipment with net book value amounting to US$8,013,819 and US$8,404,050 were pledged as collateral for bank loans as of June 30, 2015 and December 31, 2014, respectively.

LAND USE RIGHT

LAND USE RIGHT	6 Months Ended
	Jun. 30, 2015
LAND USE RIGHT [Text Block]	7. LAND USE RIGHT In October 2010, Great Shengda paid US$12,315,000 (RMB75,000,000) to Shengda Group Jiangsu Shuangdeng Paper Industrial Co., Ltd. (“Shuangdeng Paper”), a related party of the Group, for the acquisition of the land use right, which is located in Yancheng city, Jiangsu province. The land use right, with 166,533 square meters in area, has a term of 50 years and will expire in December 2058. It was purchased for construction of paper manufacturing plants to expand the Group's business. The Group recorded amortization expense of US$133,128 and US$131,908 for six months ended June 30, 2015 and 2014, respectively. US$66,930 and US$65,425 for three months ended June 30, 2015 and 2014, respectively. However, the certificate of land use right is still awaiting the local government’s authorization. June 30, December 31, 2015 2014 (Unaudited) Land use right $ 12,315,000 $ 12,202,500 Less: accumulated amortization (690,352 ) (551,650 ) $ 11,624,648 $ 11,650,850 The future amortization is as follows: Year Amount 2015 $ 133,617 2016 267,233 2017 267,233 2018 267,233 2019 267,233 2020 and thereafter 10,422,099 Total $ 11,624,648

LOANS

LOANS	6 Months Ended
	Jun. 30, 2015
LOANS [Text Block]	8. LOANS Short-term loans Short-term loans consist of the following: June 30, 2015 December 31, 2014 Lender Interest rate Maturity date Balance Interest rate Maturity date Balance Bank of China Libor+ 1.9% 1 Jun. 1, 2016 $ 3,500,000 Libor+ 2.7% 1 Jun. 3, 2015 $ 3,500,000 Note 1 the effective interest rate was 2.67% and 2.93% as of June 30, 2015 and December 31, 2014, respectively. The short-term loan was denominated in USD for working capital purposes, with weighted average balances of US$3,538,889 and US$10,480,111 ; with weighted average interest rates of 2.88% and 5.77% for six months ended June 30, 2015 and 2014, respectively; and with weighted average balances of US$3,576,923 and US$10,480,111 ; with weighted average interest rates of 2.84% and 5.85% for three months ended June 30, 2015 and 2014, respectively. The Bank of China loans amounting to US$3,500,000 were guaranteed by Shengda Group Co., Limited (“SD Group”), a related party (Note 11), as of June 30, 2015. Current portion of long-term loans The current portion of long-term loans consist of the following: June 30, 2015 December 31,2014 Maturity Lender Interest rate date Balance Interest rate Maturity date Balance Bank of China Libor+ 2.3% 1 Feb.17, 2016 $ 4,500,000 $ - Note 1 the effective interest rate was 3.07% as of June 30, 2015. The current portion of long-term loans was denominated in USD for working capital purposes, with weighted average balances of US$3,075,000 and US$1,466,851, with weighted average interest rates of 3.27% and 4.05% for six months ended June 30, 2015 and 2014, respectively; and with weighted average balances of US$4,500,000 and nil; with weighted average interest rates of 3.27% and nil for three months ended June 30, 2015 and 2014, respectively. The loan was pledged with restricted cash amounting to US$5,000,040 as of June 30, 2015. Long-term loans Long-term loans consist of the following: June 30, 2015 December 31,2014 Maturity Lender Interest rate date Balance Interest rate Maturity date Balance Bank of China $ - Libor+ 2.3% 1 Feb.17, 2016 $ 4,500,000 Note 1 the effective interest rate was 3.27% as of December 31, 2014. The long term loan was denominated in USD for working capital purpose, with weighted average balances of US$1,425,000 and US$3,082,873, with weighted average interest rates of 3.27% and 3.27% for six months ended June 30, 2015 and 2014, respectively; and with weighted average balances of nil and US$4,500,000, with weighted average interest rates of nil and 3.27% for three months ended June 30, 2015 and 2014, respectively The following table summarizes the unused lines of credit: June 30, 2015 December 31, 2014 Starting Maturity Facility Unused Starting Maturity Facility Unused Lender date date amount facility date date amount facility Bank of China Oct.8, 2014 Sep.21, 2015 $ 13,136,000 $ 7,419,300 Oct.8, 2014 Sep.21, 2015 $ 13,016,000 $ 6,262,000 Industrial and Commercial Bank of China Dec.17, 2014 Dec.14, 2016 9,031,000 7,389,000 Dec.17, 2014 Dec.14, 2016 8,948,500 8,135,000 Jiangsu Sheyang Rural Commercial Bank Mar.25, 2013 Mar.24, 2016 3,284,000 3,284,000 Mar.25, 2013 Mar.24, 2016 3,254,000 3,254,000 Jiangsu Sheyang Rural Commercial Bank Dec.30, 2013 Dec.20, 2016 3,284,000 3,284,000 Dec.30, 2013 Dec.20, 2016 3,254,000 3,254,000 Total $ 28,735,000 $ 21,376,300 $ 28,472,500 $ 20,905,000 The facilities of Bank of China and Industrial and Commercial Bank of China were guaranteed by SD Group, a related party, for working capital and general corporate purposes (Note 11). The facility of Jiangsu Sheyang Rural Commercial Bank was pledged with Shuangsheng’s property and guaranteed by Great Shengda. All the unused facilities can be withdrawn upon demand.

ACCOUNTS AND NOTES PAYABLE

ACCOUNTS AND NOTES PAYABLE	6 Months Ended
	Jun. 30, 2015
ACCOUNTS AND NOTES PAYABLE [Text Block]	9. ACCOUNTS AND NOTES PAYABLE Accounts and notes payable consist of the following: June 30, December 31, 2015 2014 (Unaudited) Notes payable $ 15,270,600 $ 17,571,600 Accounts payable 35,418,805 24,382,668 $ 50,689,405 $ 41,954,268 The notes payable were issued by the Great Shengda to their suppliers for raw materials purchased. All the notes payable were bank accepted notes payable without interest and due within six months. They are pledged with restricted cash amounting to US$7,635,300 and US$8,785,800 as of June 30, 2015 and December 31, 2014, respectively. The notes payable from Bank of China, Industrial and Commercial Bank of China and Agriculture Bank of China were guaranteed by SD Group (Note 11).

ACCRUED EXPENSES AND OTHER PAYA

ACCRUED EXPENSES AND OTHER PAYABLES	6 Months Ended
	Jun. 30, 2015
ACCRUED EXPENSES AND OTHER PAYABLES [Text Block]	10. ACCRUED EXPENSES AND OTHER PAYABLES Accrued expenses and other payables as of the end of the periods presented consist of the following: June 30, December 31, 2015 2014 (Unaudited) Advance from customers $ 1,135,417 $ 875,352 Payroll and welfare payable 1,409,978 1,083,186 Other payables 676,240 597,884 Accrued expenses 1,521,809 408,566 $ 4,743,444 $ 2,964,988

RELATED PARTY TRANSACTION

RELATED PARTY TRANSACTION	6 Months Ended
	Jun. 30, 2015
RELATED PARTY TRANSACTION [Text Block]	11. RELATED PARTY TRANSACTION Related party balances are as follows: June 30, December 31, Related parties Relationship 2015 2014 Amounts due from related parties (Unaudited) Shuangdeng Paper Controlled by the same ultimate stockholders $ 53,096 $ 46,825 Shengda Xiang Wei Chemical Co., Limited(“Shengda Xiang Wei”) Controlled by the same ultimate stockholders 4,592 4,268 Zhejiang Shuangsheng Logistic Company Limited(“Shuangsheng Logistic”) Controlled by the same ultimate stockholders 49,260 - SD Group Controlled by the same ultimate stockholders 123,150 - $ 230,098 $ 51,093 Amounts due to related parties Shuang Ke Da Controlled by the same ultimate stockholders $ 296,191 $ 442,285 Shuangdeng Paper Controlled by the same ultimate stockholders 2,351,860 2,040,435 Shuangsheng Logistic Controlled by the same ultimate stockholders 1,425 2,420 Hangzhou New Shengda Investment Limited (“New Shengda”) Controlled by the same ultimate stockholders 576,097 466,395 Yancheng Zhaosheng Shiye Co., Ltd (“Yancheng Zhaosheng”) Controlled by the same ultimate stockholders 30,788 10,169 Chengxin Packaging Noncontrolling interest 298,544 - $ 3,554,905 $ 2,961,704 The amount due from Shuangdeng Paper represents the receivable for selling the paper cartons. The amount due from Shengda Xiang Wei represents the receivable for selling the paper cartons. The amount due from Shuang Ke Da represents the advance for purchase of electricity and water by the Group. They were recorded as “amount due from related parties” in the consolidated balance sheets, non-interest bearing and receivable within one year. The amount due to ShuangKeDa represents the payable for land lease and purchase of fixed assets by the Group. The amount due to Shuangdeng Paper represents the payable for purchase of steam. The amount due to Shuangsheng Logistic represents the payable for transportation fee. The amount due to SD Group represents the payable for land lease. The amount due to New Shengda represents the payable for land lease by the Group. The amount due to Yancheng Zhaosheng represents the payable for land lease. The amount due to Chengxin Packaging represents the payable for purchase of raw material and electricity. They were recorded as “amount due to related parties” in the consolidated balance sheets, non-interest bearing and repayable within one year. Significant related party transactions are as follows: Three Months Ended June 30, Six Months Ended June 30, Related parties Relationship 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Lease from related parties Hangzhou New Shengda Investment Limited Controlled by the same ultimate stockholders $ 148,050 $ 144,720 $ 294,480 $ 291,780 Zhejiang Shuang Ke Da Weaving Co., Ltd Controlled by the same ultimate stockholders 83,895 67,536 166,872 136,164 Yancheng Zhaosheng Controlled by the same ultimate stockholders 10,281 - 20,450 - Chengxin Packaging Noncontrolling interest 155,797 - 309,890 - Shengda Group Controlled by the same ultimate stockholders 102,813 100,500 204,500 202,625 $ 500,836 $ 312,756 $ 996,192 $ 630,569 Transportation service from related party Shuangsheng Logistic Controlled by the same ultimate stockholders $ 262,631 $ 127,133 $ 458,807 $ 202,644 Sales to related parties Shuangdeng Paper Controlled by the same ultimate stockholders $ 19,062 $ 77,956 $ 46,008 $ 164,845 Shengda Xiang Wei Controlled by the same ultimate stockholders 20,434 10,215 42,119 58,918 $ 39,496 $ 88,171 $ 88,127 $ 223,763 Purchase of steam from related party Shuangdeng Paper Controlled by the same ultimate stockholders $ 1,727,172 $ 390,456 $ 2,591,399 $ 651,806 Purchase of water and electricity from related party Shuang Ke Da Controlled by the same ultimate stockholders $ 356,251 $ 367,538 $ 684,808 $ 687,585 Chengxin Packaging Noncontrolling interest 4,642 - 45,240 - $ 360,893 $ 367,538 $ 730,048 $ 687,585 Purchase of fixed assets from related party Shuang Ke Da Controlled by the same ultimate stockholders $ 25,508 $ - $ 59,899 $ - Purchase of raw material from related party Chengxin Packaging Noncontrolling interest $ 2,531 $ - $ 460,058 $ - Guarantee by SD Group SD Group entered into maximum debt guarantee contracts with Bank of China Xiaoshan Branch and Industrial and Commercial Bank of China Xiaoshan Branch, under which SD Group agreed to act as guarantor for loans borrowed and bank accepted notes payable issued by Great Shengda from Bank of China Xiaoshan Branch and Industrial and Commercial Bank of China Xiaoshan Branch (Note 8 and 9). SD Group also entered into debt guarantee contracts with Agriculture Bank of China, under which SD Group agreed to act as guarantor for bank accepted notes payable amounting to US$7,553,200 borrowed by Great Shengda (Note 9).

RESTRICTED NET ASSETS

RESTRICTED NET ASSETS	6 Months Ended
	Jun. 30, 2015
RESTRICTED NET ASSETS [Text Block]	12. RESTRICTED NET ASSETS The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of dividends from its PRC subsidiaries. As described in Note 2(l), the net income of the Company’s PRC subsidiaries is distributable only after sufficient appropriation of reserves. Amounts restricted include paid-in capital and reserve funds of the Company’s PRC subsidiaries as determined pursuant to the PRC accounting standards and regulations, totaling approximately US$51,788,414 and US$51,368,536 as of June 30, 2015 and December 31, 2014, respectively.

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST	6 Months Ended
	Jun. 30, 2015
NONCONTROLLING INTEREST [Text Block]	13. NONCONTROLLING INTEREST The movement of noncontrolling interest is as follows: Beginning balance as of December 31, 2014 $ 211,859 noncontrolling interest contribution 3,155,353 Net loss attributable to noncontrolling interest (208,662 ) OCI attributable to noncontrolling interest (765 ) Ending balance as of June 30, 2015 (Unaudited) $ 3,157,785 The noncontrolling interest contribution of $3,155,353 represented the estimated fair value of property, plant and equipment and inventory injected by Chengxin Packaging, a third party, which takes up 45% of Shengda Zhongtian, a joint venture with registered capital of RMB42.86 million.

TAXATION

TAXATION	6 Months Ended
	Jun. 30, 2015
TAXATION [Text Block]	14. TAXATION Taxes payable are composed of the following: June 30, December 31, 2015 2014 (Unaudited) VAT payable $ 666,525 $ 1,227,056 Income tax payable 692,409 400,163 Other taxes payable 260,512 199,703 $ 1,619,446 $ 1,826,922 The Company and its consolidated entities each file tax returns separately. 1) VAT Pursuant to the Provisional Regulation of the PRC on VAT and the related implementing rules, all entities and individuals (“taxpayers”) that are engaged in the sale of products in the PRC are generally required to pay VAT at a rate of 17% of the gross sales proceeds received, less any deductible VAT already paid or borne by the taxpayers. Further, when exporting goods, the exporter is entitled to apportion of or all the refund of VAT that it has already paid or incurred. The Group’s PRC subsidiaries are subject to VAT at 17% for their revenues. The deductible value added tax payable represents the VAT already paid or borne exceeded the VAT required to pay, amounting to US$865,139 and US$867,869 as of June 30, 2015 and December 31, 2014, respectively. The deductible VAT will be used to offset future VAT required to pay. 2) Income tax United States China Shengda Packaging is subject to United States tax at a tax rate of 34%. In six months ended June 30, 2015 and the year ended December 31, 2014, the Company does not provide for U.S. income taxes on foreign subsidiaries’ undistributed earnings as they will be permanently reinvested in foreign operations. BVI Incorporated in BVI, Evercharm is governed by the income tax law of BVI. According to current BVI income tax law, the applicable income tax rate for Evercharm is 0%. PRC Great Shengda has obtained the approval and is qualified as New and High-Tech Enterprise (“NHTE”) by relevant government authorities in February 2014. According to the PRC Enterprise Income Tax Law, Great Shengda is eligible to enjoy a preferential tax rate of 15% for the calendar year of 2014 and 2015. Shengda Color, Hangzhou Shengming, Suzhou AA and Shuangsheng are manufacturing domestic enterprises and are not entitled to any tax holiday. They were subject to income tax at a rate of 25% for calendar years 2014 and 2015. Shengda Concept, Shengda Zhongtian and Xiaosheng are subject to income tax at a rate of 25% for calendar year 2015. Under the Enterprise Income Tax Law, dividends, interests, rent, royalties and gains on transfers of property payable a foreign-invested enterprise in the PRC to their foreign investors who are a non-resident enterprises will be subject to a 20% withholding tax, unless such non-resident enterprise’s jurisdiction of incorporation has a tax treaty with the PRC that provides for a reduced rate of withholding tax. The following table reconciles the Group’s effective tax for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Expected enterprise income tax at statutory tax rate $ (54,813 ) $ 748,663 $ (126,846 ) $ 487,359 Effect of preferential rate (77,383 ) (244,836 ) (159,399 ) (310,615 ) Others - 3,059 - 3,059 Effective enterprise income tax $ (132,196 ) $ 506,886 $ (286,245 ) $ 179,803 The significant components of income tax expense are as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Current tax expenses $ 372,793 $ 737,809 $ 663,247 $ 906,307 Deferred tax benefits (504,989 ) (230,923 ) (949,492 ) (726,504 ) Income tax (benefit) expenses $ (132,196 ) $ 506,886 $ (286,245 ) $ 179,803 Deferred tax assets and deferred tax liabilities reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purpose and the tax bases used for income tax purpose. The following represents the tax effect of each major type of temporary difference: June 30, December 31, 2015 2014 (Unaudited) Net operating loss carried forward $ 3,756,519 $ 2,744,172 Effect of deductible temporary differences between 189,033 221,069 Total Deferred tax assets $ 3,945,552 $ 2,965,241 Shuangsheng, one of the Group's subsidiaries, incurred a pretax loss of approximately US$14.1 million as of June 30, 2015 since its paper mill officially went into production in June 2013. The net operating loss carry forwards will expire if unused in the years ending December 31, 2018 through 2020. Shengda Concept and Shengda Zhongtian, which officially went into production in first quarter of 2015, incurred a pretax loss of approximately US$0.4 and US$0.6 million as of June 30, 2015, respectively. The net operating loss carry forwards will expire if unused in the year ending December 31, 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES [Text Block]	15. COMMITMENTS AND CONTINGENCIES The Group has entered into operating lease agreements for land, offices and plants. The estimated annual rental expense for lease commitment is as follows: Year Amount 2015 $ 1,172,999 2016 663,102 2017 683,942 2018 684,258 2019 and thereafter 4,758,700 Total $ 7,963,001 As of June 30, 2015, material capital commitment under non-cancellable equipment construction and factory construction contracts is US$588,029. The Group is not currently a party to any legal proceeding, investigation or claim which, in the opinion of the management, is likely to have a material adverse effect on the business, financial condition or results of operations. The Group did not identify any contingency as of June 30, 2015 and December 31, 2014.

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2015
SEGMENT REPORTING [Text Block]	16. SEGMENT REPORTING The Group determines segments based on the differences in products and services to segments and measuring their performance. The Group’s operations are mainly classified into two principal reportable segments that provide different products or services, the one is for manufacturing and processing corrugated paper cartons and paper board and package decoration printing and selling. And the other one is for Corrugating medium paper. Separate management of each segment is required because each business unit is subject to different marketing, operation, and technology strategies. Accounting policies of the transactions between segments are the same as those described in the summary of significant accounting policies. Performance is measured by various factors such as segment revenue and segment profit. Individual segment assets and all corporate expenses and income tax expenses are allocated to the segments. Paper cartons and other paper products Corrugating medium paper Elimination of inter-segment Total Six Months ended June 30 Six Months ended June 30 Six Months ended June 30 Six Months ended June 30 2015 2014 2015 2014 2015 2014 2015 2014 Revenues $ 60,770,077 $ 56,018,419 $ 21,789,013 $ 20,081,425 $ (4,928,470 ) $ (6,572,327 ) $ 77,630,620 $ 69,527,517 Depreciation & amortization 2,053,493 2,078,887 1,687,353 1,834,546 - - 3,740,846 3,913,433 Interest revenue 210,243 540,693 156 749 - - 210,399 541,442 Interest expense 137,695 297,643 272,810 380,965 - - 410,505 678,608 Income tax expense (benefit) 465,767 938,218 (752,012 ) (758,415 ) - - (286,245 ) 179,803 Net income (loss) 2,108,384 2,881,509 (2,256,035 ) (2,407,153 ) - - (147,651 ) 474,356 Capital expenditure 3,597,638 1,049,178 778,492 2,152,850 - - 4,376,130 3,202,028 Total assets 139,076,805 131,085,119 69,014,263 52,962,088 (22,167,937 ) (17,218,454 ) 185,923,131 166,828,753 Paper cartons and other paper products Corrugating medium paper Elimination of inter-segment Total Three Months ended June 30 Three Months ended June 30 Three Months ended June 30 Three Months ended June 30 2015 2014 2015 2014 2015 2014 2015 2014 Revenues $ 29,805,763 $ 29,900,861 $ 13,301,689 $ 10,739,534 $ (3,404,251 ) $ (3,402,857 ) $ 39,703,201 $ 37,237,538 Depreciation & amortization 1,061,686 1,018,699 849,044 795,747 - - 1,910,730 1,814,446 Interest revenue 87,236 42,874 1 749 - - 87,237 43,623 Interest expense 72,511 144,010 146,205 210,913 - - 218,716 354,923 Income tax expense (benefit) 201,006 752,766 (333,202 ) (245,880 ) - - (132,196 ) 506,886 Net income (loss) 951,763 1,861,241 (999,605 ) (803,065 ) - - (47,842 ) 1,058,176 Capital expenditure 1,937,518 696,395 363,215 479,110 - - 2,300,733 1,175,505 Total assets 139,076,805 131,085,119 69,014,263 52,962,088 (22,167,937 ) (17,218,454 ) 185,923,131 166,828,753

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
EARNINGS PER SHARE [Text Block]	17. EARNINGS PER SHARE Basic loss per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. There were no potential dilutive instruments. The following is a reconciliation of the basic and diluted earnings per share computations for three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net income attributable to Company’s common stockholders $ 124,606 $ 1,067,707 $ 61,011 $ 530,015 Weighted average number of common shares outstanding – basic and diluted (1) 7,758,168 7,758,168 7,758,168 7,758,168 Earnings per share – basic and diluted (1) $ 0.02 $ 0.14 0.01 $ 0.07 (1) All per share amounts and shares outstanding for all periods have been retroactively restated to reflect China Shengda Packaging Group Inc.’s 1 -for- 5 reverse stock split, which was effect on May 18, 2015.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENT [Text Block]	18. SUBSEQUENT EVENT The Group has evaluated subsequent events through the issuance of the consolidated financial statements and no subsequent events are identified that require disclosure.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Basis of presentation [Policy Text Block]	(a) Basis of presentation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. The consolidated interim financial information as of June 30, 2015 and for the six-month periods ended June 30, 2015 and 2014 have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and notes disclosures, which are normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have not been included. The consolidated interim financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, previously filed with the SEC. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of June 30, 2015, its consolidated results of operations and cash flows for the six-month periods ended June 30, 2015 and 2014, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. Noncontrolling interest represents the ownership interests in a subsidiary that was held by owners other than the parent and is part of the equity of the consolidated group. The noncontrolling interest is reported in the consolidated statement of financial position within equity, separately from the parent’s equity. Net income or loss and comprehensive income or loss is attributed to the parent and the noncontrolling interest. If losses attributable to the parent and the noncontrolling interest in a subsidiary exceed their interests in the subsidiary’s equity, the excess, and any further losses attributable to the parent and the noncontrolling interest, is attributed to those interests.
Use of estimates [Policy Text Block]	(b) Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Group to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include the allowance for doubtful receivables, recoverability of the carrying amount of inventory, and the assessment of deferred tax assets or liabilities. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates.
Cash and cash equivalents [Policy Text Block]	(c) Cash and cash equivalents Cash includes not only currency on hand but demand deposits with banks or other financial institutions. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.
Restricted cash [Policy Text Block]	(d) Restricted cash Restricted cash represents the deposits held as compensating balances against banks’ acceptances issued, loans borrowed.
Accounts and notes receivable, net [Policy Text Block]	(e) Accounts and notes receivable, net Accounts receivable are recognized and carried at original sales amounts less an allowance for uncollectible accounts, as needed. Accounts receivable are reviewed periodically as to whether they are past due based on contractual terms and their carrying value has become impaired. An allowance for doubtful accounts is recorded in the period in which loss is determined to be probable based on an assessment of specific evidence indicating doubtful collection, historical experience, account balance aging and prevailing economic conditions. Accounts receivable balances are written off after all collection efforts have been exhausted. No significant account receivable balance was written off as of June 30, 2015 and December 31, 2014. Notes receivable represent banks’ acceptances that have been arranged with third-party financial institutions by certain customers to settle their purchases from us. These banks’ acceptances are non-interest bearing and are collectible within six months. Such sales and purchasing arrangements are consistent with industry practices in the PRC. There were no outstanding amounts from customers that individually represent greater than 10% of the total balance of accounts receivable as of June 30, 2015 and December 31, 2014.
Inventories [Policy Text Block]	(f) Inventories Inventories are stated at lower of cost or market. Cost is determined using the weighted average method. Inventory includes raw materials, work in process and finished goods. The variable production overhead is allocated to each unit of production on the basis of the actual use of the production facilities. The allocation of fixed production overhead to the costs of conversion is based on the normal capacity of the production facilities.
Property, plant and equipment and construction in process [Policy Text Block]	(g) Property, plant and equipment and construction in process Other than those acquired in a business combination, property, plant and equipment is stated at historical cost less accumulated depreciation and amortization. The historical cost of acquiring an item of property, plant and equipment includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. If an item of property, plant and equipment is constructed or developed over a period of time before it is in a condition to be placed in service, the interest cost incurred during that period as a result of expenditures for the item is a part of the historical cost. This item is categorized as construction in progress and is not depreciated until substantially all the activities necessary to bring it to the condition and location necessary for its intended use are completed. Depreciation of property, plant and equipment is calculated using the straight-line method (after taking into account their respective estimated residual value) over the estimated useful lives of the assets as follows: Years Residual value Buildings and improvements 5 - 20 5% Machinery 10 5% Office equipment 3 - 5 5% Motor vehicles 5 5% Depreciation of property, plant and equipment attributable to manufacturing activities is capitalized as part of inventories, and expensed to cost of goods sold when inventories are sold. Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of property, plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations. Construction in progress represents capital expenditure measured as the direct costs of construction or acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to the appropriate category of property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. Construction in progress is not depreciated.
Land use right [Policy Text Block]	(h) Land use right Land use right represents the cost paid to the PRC government authorities for the right to use land over a specified period. Land use right is amortized on a straight line basis over its estimated useful life, which is the periods over which the asset is expected to contribute directly or indirectly to the future cash flows of the Group. The land use right, with 166,533 square meters in area, has a term of 50 years and will expire in December 2058, the estimated useful life is as follows: Years Residual value Land use right 46 0%
Goodwill [Policy Text Block]	(i) Goodwill Goodwill represents the excess of acquisition costs over the fair value of tangible net assets and identifiable intangible assets of businesses acquired. Goodwill and certain other intangible assets deemed to have indefinite lives are not amortized. Intangible assets determined to have definite lives are amortized over their useful lives. Goodwill and indefinite lived intangible assets are subject to impairment testing annually as of the fiscal year-end or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable by comparing carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value.
Foreign currency translation and transactions [Policy Text Block]	(j) Foreign currency translation and transactions The Company’s and Evercharm’s functional currency is the United States dollar (“US$”). The functional currency of the Company’s subsidiaries in the PRC is Renminbi (“RMB”). At the date a foreign currency transaction is recognized, each asset, liability, revenue, expense, gain, or loss arising from the transaction is measured initially in the functional currency of the recording entity by use of the exchange rate in effect at that date. The increase or decrease in expected functional currency cash flows upon settlement of a transaction resulting from a change in exchange rates between the functional currency and the currency in which the transaction is denominated is recognized as foreign currency transaction gain or loss that is included in determining net income for the period in which the exchange rate changes. At each balance sheet date, recorded balances that are denominated in a foreign currency are adjusted to reflect the current exchange rate. The Company’s reporting currency is US$. Assets and liabilities of the PRC subsidiaries are translated at the current exchange rate at the balance sheet dates, equity is translated at the historical exchange rate at the injection date and revenues and expenses are translated at the average exchange rates during the reporting periods. Translation adjustments are reported in other comprehensive income.
Commitments and contingencies [Policy Text Block]	(k) Commitments and contingencies In the normal course of business, the Group is subject to loss contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters, including, among others, government investigations, product and environmental liability, and tax matters. The Group records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Historically, the Group has not experienced any material service liability claims.
Appropriated retained earnings [Policy Text Block]	(l) Appropriated retained earnings The income of the Company’s PRC subsidiaries is distributable to its stockholders after transfer to reserves as required by relevant PRC laws and regulations and the subsidiaries’ articles of association. Appropriations to the reserves are approved by the respective boards of directors. Reserves include statutory reserves and other reserves. Statutory reserves can be used to make good previous years’ losses, if any, and may be converted into capital in proportion to the existing equity interests of stockholders, provided that the balance after such conversion is not less than 25% of the registered capital. The appropriation of statutory reserve may cease to apply if the balance of the fund is equal to 50% of the entity’s registered capital. Pursuant to relevant PRC laws and articles of association of Great Shengda, Shengda Color, Hangzhou Shengming, Suzhou AA and Shuangsheng, the appropriation to the statutory reserves and other reserves is 15% of net profit after taxation of respective entity, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with U.S. GAAP might differ from those reflected in the statutory financial statements of the Company’s subsidiaries. As of June 30, 2015 and December 31, 2014, the statutory reserve recorded by the Company’s subsidiaries incorporated in the PRC amounted to US$8,713,159 and US$8,293,281, respectively. As of June 30, 2015 and December 31, 2014, the statutory reserve balances of Great Shengda, Hangzhou Shengming, Shengda Color, Suzhou AA, Shuangsheng, Shengda Concept, Shengda Zhongtian and Xiaosheng accounted for approximately 16.2%, 15.6%, 50.0%, 36.1%, nil, nil, nil and nil of their registered capital. The future income of these subsidiaries will be subject to statutory reserve.
Revenue recognition [Policy Text Block]	(m) Revenue recognition
Research and development costs [Policy Text Block]	(n) Research and development costs Research and development costs are expensed as incurred. These expenses consist of the costs of the Company’s internal research and development activities and the costs of developing new products and enhancing existing products. Research and development costs amounted to US$1,988,441 and US$2,120,541 were recorded in general and administrative expenses for six months ended June 30, 2015 and 2014, respectively, US$1,024,238 and US$1,209,083 were recorded in general and administrative expenses for three months ended June 30, 2015 and 2014, respectively.
Retirement and other postretirement benefits [Policy Text Block]	(o) Retirement and other postretirement benefits Full-time employees of the Group in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, maternity insurance, work-related injury insurance and other welfare benefits are provided to employees. Chinese labor regulations require that the PRC subsidiaries of the Group make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Group has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were approximately US$864,690 and US$685,789 for six months ended June 30, 2015 and 2014, respectively, US$473,256 and US$336,818 were recorded in general and administrative expenses for three months ended June 30, 2015 and 2014, respectively
Income taxes [Policy Text Block]	(p) Income taxes Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company also periodically evaluates whether it has any uncertain tax positions requiring accounting recognition in its financial statements. Under applicable U.S. GAAP, companies may recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Applicable U.S. GAAP also provides guidance on the de-recognition of income tax liabilities, classification of interest and penalties on income taxes, and accounting for uncertain tax positions in interim period financial statements. The Company's policy is to record interest and penalties on uncertain tax provisions as a component of its income tax expense. The Group did not have any interest and penalties associated with tax positions and did not have any significant unrecognized uncertain tax positions as of June 30, 2015 and December 31, 2014.
Earnings per share [Policy Text Block]	(q) Earnings per share Basic earnings per share are computed by dividing income attributable to holders of common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares.
Comprehensive income [Policy Text Block]	(r) Comprehensive income Comprehensive income consists of net income and other gains and losses affecting shareholders' equity that, under U.S. GAAP, are excluded from net income. During the periods presented, the Group's comprehensive income (loss) represents its net income (loss) and foreign currency translation gains and losses.
Fair value measurements [Policy Text Block]	(s) Fair value measurements Financial instruments include cash and cash equivalents, accounts and notes receivable, prepayments and other receivables, short-term loans, accounts and notes payable, other payables and amounts due to related party. The carrying amounts of these financial instruments approximate their fair value due to the short term maturities of these instruments. Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability. The Group maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs are used to measure fair value: Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
Recently issued accounting standards [Policy Text Block]	(t) Recently issued accounting standards In the period from January 1, 2015 to August 14, 2015, the FASB has issued ASU No. 2015-01 through ASU 2015-11, which are not expected to have a material impact on the consolidated financial statements upon adoption.
Concentration of Risks [Policy Text Block]	(u) Concentration of Risks Concentration of Credit Risk Assets that potentially subject the Group to significant concentration of credit risk primarily consist of cash and cash equivalents and accounts and notes receivable. As of June 30, 2015 and December 31, 2014 substantially all of the Group’s cash and cash equivalents were deposited in financial institutions that management believes to be of high credit quality located in the PRC, which management believes are of high credit quality. Accounts receivable are typically unsecured and are derived from revenue earned from customers in the PRC. The risk with respect to accounts receivable is mitigated by credit evaluations the Group performs on its customers and its ongoing monitoring process of outstanding balances. Concentration of Customers There are no revenues from customers that individually represent greater than 10% of the total revenues during six-month period ended June 30, 2015 and 2014. Concentration of Suppliers The Company purchased its products from one major suppliers during the six months ended June 30, 2015, accounting for 12.76% of the total purchases, and there are no purchase from suppliers that individually represent greater than 10% of the total purchase during three months ended June 30, 2015. The Company purchased its products from three major suppliers during the six months ended June 30, 2014, accounting for 13.55%, 12.46% and 11.34% of the total purchases, and two major suppliers during the three months ended June 30, 2014, accounting for 20.68% and 11.80% of the total purchases. Current vulnerability due to certain other concentrations The Group’s operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 30 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC’s political, economic and social conditions. There is also no guarantee that the PRC government’s pursuit of economic reforms will be consistent or effective. The Group transacts all of its business in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China (the “PBOC”). However, the unification of the exchange rates does not imply that RMB may be readily convertible into US$ or other foreign currencies. All foreign exchange transactions continue to take place either through the PBOC or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC. Approval of foreign currency payments by the PBOC or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. Additionally, the value of RMB is subject to changes in central government policies and international economic and political developments affecting supply and demand in the PRC foreign exchange trading system market.
Segment reporting [Policy Text Block]	(v) Segment reporting The company uses the management approach model, which is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. And the company's reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Accordingly, the Group categorizes its business into two operating segments, namely (i)Paper cartons and other paper products; (ii)Corrugating medium paper.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment Estimated Useful Lives and Residual Value [Table Text Block]	Years Residual value Buildings and improvements 5 - 20 5% Machinery 10 5% Office equipment 3 - 5 5% Motor vehicles 5 5%
Schedule of Land Use Rights Estimated Useful Lives [Table Text Block]	Years Residual value Land use right 46 0%

ACCOUNTS AND NOTES RECEIVABLE26

ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Accounts and Notes Receivable [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Accounts receivable $ 37,542,359 $ 32,401,827 Notes receivable 6,426,117 7,983,788 $ 43,968,476 $ 40,385,615

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Inventories [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Raw materials $ 16,094,813 $ 12,321,396 Finished goods 5,939,786 3,862,363 Work in process 8,682 14,080 $ 22,043,281 $ 16,197,839

PREPAYMENTS AND OTHER RECEIVA28

PREPAYMENTS AND OTHER RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Prepaid and Other Assets Disclosure [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Prepayments $ 3,141,053 $ 1,530,041 Other receivables 291,074 184,011 Prepaid expenses 318,007 - $ 3,750,134 $ 1,714,052

PROPERTY, PLANT AND EQUIPMENT29

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Buildings and improvements $ 34,300,299 $ 27,890,275 Machinery 69,053,425 62,781,607 Office equipment and furnishing 1,092,573 968,721 Motor vehicles 1,823,398 1,470,979 Construction in progress 1,276,238 7,212,504 107,545,933 100,324,086 Less: accumulated depreciation (31,543,958 ) (28,050,034 ) $ 76,001,975 $ 72,274,052

LAND USE RIGHT (Tables)

LAND USE RIGHT (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Land Use Rights [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Land use right $ 12,315,000 $ 12,202,500 Less: accumulated amortization (690,352 ) (551,650 ) $ 11,624,648 $ 11,650,850
Schedule of Future Amortization of Land Use Right [Table Text Block]	Year Amount 2015 $ 133,617 2016 267,233 2017 267,233 2018 267,233 2019 267,233 2020 and thereafter 10,422,099 Total $ 11,624,648

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Short-term Debt [Table Text Block]	June 30, 2015 December 31, 2014 Lender Interest rate Maturity date Balance Interest rate Maturity date Balance Bank of China Libor+ 1.9% 1 Jun. 1, 2016 $ 3,500,000 Libor+ 2.7% 1 Jun. 3, 2015 $ 3,500,000
Schedule of Current portion of long-term borrowing [Table Text Block]	June 30, 2015 December 31,2014 Maturity Lender Interest rate date Balance Interest rate Maturity date Balance Bank of China Libor+ 2.3% 1 Feb.17, 2016 $ 4,500,000 $ -
Schedule of Long-term Debt [Table Text Block]	June 30, 2015 December 31,2014 Maturity Lender Interest rate date Balance Interest rate Maturity date Balance Bank of China $ - Libor+ 2.3% 1 Feb.17, 2016 $ 4,500,000
Schedule of Line of Credit Facilities [Table Text Block]	June 30, 2015 December 31, 2014 Starting Maturity Facility Unused Starting Maturity Facility Unused Lender date date amount facility date date amount facility Bank of China Oct.8, 2014 Sep.21, 2015 $ 13,136,000 $ 7,419,300 Oct.8, 2014 Sep.21, 2015 $ 13,016,000 $ 6,262,000 Industrial and Commercial Bank of China Dec.17, 2014 Dec.14, 2016 9,031,000 7,389,000 Dec.17, 2014 Dec.14, 2016 8,948,500 8,135,000 Jiangsu Sheyang Rural Commercial Bank Mar.25, 2013 Mar.24, 2016 3,284,000 3,284,000 Mar.25, 2013 Mar.24, 2016 3,254,000 3,254,000 Jiangsu Sheyang Rural Commercial Bank Dec.30, 2013 Dec.20, 2016 3,284,000 3,284,000 Dec.30, 2013 Dec.20, 2016 3,254,000 3,254,000 Total $ 28,735,000 $ 21,376,300 $ 28,472,500 $ 20,905,000

ACCOUNTS AND NOTES PAYABLE (Tab

ACCOUNTS AND NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Accounts and Notes Payable [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Notes payable $ 15,270,600 $ 17,571,600 Accounts payable 35,418,805 24,382,668 $ 50,689,405 $ 41,954,268

ACCRUED EXPENSES AND OTHER PA33

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Accrued Expenses and Other Payables [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Advance from customers $ 1,135,417 $ 875,352 Payroll and welfare payable 1,409,978 1,083,186 Other payables 676,240 597,884 Accrued expenses 1,521,809 408,566 $ 4,743,444 $ 2,964,988

RELATED PARTY TRANSACTION (Tabl

RELATED PARTY TRANSACTION (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Related Party Balances [Table Text Block]	June 30, December 31, Related parties Relationship 2015 2014 Amounts due from related parties (Unaudited) Shuangdeng Paper Controlled by the same ultimate stockholders $ 53,096 $ 46,825 Shengda Xiang Wei Chemical Co., Limited(“Shengda Xiang Wei”) Controlled by the same ultimate stockholders 4,592 4,268 Zhejiang Shuangsheng Logistic Company Limited(“Shuangsheng Logistic”) Controlled by the same ultimate stockholders 49,260 - SD Group Controlled by the same ultimate stockholders 123,150 - $ 230,098 $ 51,093 Amounts due to related parties Shuang Ke Da Controlled by the same ultimate stockholders $ 296,191 $ 442,285 Shuangdeng Paper Controlled by the same ultimate stockholders 2,351,860 2,040,435 Shuangsheng Logistic Controlled by the same ultimate stockholders 1,425 2,420 Hangzhou New Shengda Investment Limited (“New Shengda”) Controlled by the same ultimate stockholders 576,097 466,395 Yancheng Zhaosheng Shiye Co., Ltd (“Yancheng Zhaosheng”) Controlled by the same ultimate stockholders 30,788 10,169 Chengxin Packaging Noncontrolling interest 298,544 - $ 3,554,905 $ 2,961,704
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Related parties Relationship 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Lease from related parties Hangzhou New Shengda Investment Limited Controlled by the same ultimate stockholders $ 148,050 $ 144,720 $ 294,480 $ 291,780 Zhejiang Shuang Ke Da Weaving Co., Ltd Controlled by the same ultimate stockholders 83,895 67,536 166,872 136,164 Yancheng Zhaosheng Controlled by the same ultimate stockholders 10,281 - 20,450 - Chengxin Packaging Noncontrolling interest 155,797 - 309,890 - Shengda Group Controlled by the same ultimate stockholders 102,813 100,500 204,500 202,625 $ 500,836 $ 312,756 $ 996,192 $ 630,569 Transportation service from related party Shuangsheng Logistic Controlled by the same ultimate stockholders $ 262,631 $ 127,133 $ 458,807 $ 202,644 Sales to related parties Shuangdeng Paper Controlled by the same ultimate stockholders $ 19,062 $ 77,956 $ 46,008 $ 164,845 Shengda Xiang Wei Controlled by the same ultimate stockholders 20,434 10,215 42,119 58,918 $ 39,496 $ 88,171 $ 88,127 $ 223,763 Purchase of steam from related party Shuangdeng Paper Controlled by the same ultimate stockholders $ 1,727,172 $ 390,456 $ 2,591,399 $ 651,806 Purchase of water and electricity from related party Shuang Ke Da Controlled by the same ultimate stockholders $ 356,251 $ 367,538 $ 684,808 $ 687,585 Chengxin Packaging Noncontrolling interest 4,642 - 45,240 - $ 360,893 $ 367,538 $ 730,048 $ 687,585 Purchase of fixed assets from related party Shuang Ke Da Controlled by the same ultimate stockholders $ 25,508 $ - $ 59,899 $ - Purchase of raw material from related party Chengxin Packaging Noncontrolling interest $ 2,531 $ - $ 460,058 $ -

NONCONTROLLING INTEREST (Tables

NONCONTROLLING INTEREST (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Noncontrolling Interest [Table Text Block]	Beginning balance as of December 31, 2014 $ 211,859 noncontrolling interest contribution 3,155,353 Net loss attributable to noncontrolling interest (208,662 ) OCI attributable to noncontrolling interest (765 ) Ending balance as of June 30, 2015 (Unaudited) $ 3,157,785

TAXATION (Tables)

TAXATION (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Taxes Payable [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) VAT payable $ 666,525 $ 1,227,056 Income tax payable 692,409 400,163 Other taxes payable 260,512 199,703 $ 1,619,446 $ 1,826,922
Schedule of Reconciliation the Group's effective tax [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Expected enterprise income tax at statutory tax rate $ (54,813 ) $ 748,663 $ (126,846 ) $ 487,359 Effect of preferential rate (77,383 ) (244,836 ) (159,399 ) (310,615 ) Others - 3,059 - 3,059 Effective enterprise income tax $ (132,196 ) $ 506,886 $ (286,245 ) $ 179,803
Schedule of Components of Income Tax Expense [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Current tax expenses $ 372,793 $ 737,809 $ 663,247 $ 906,307 Deferred tax benefits (504,989 ) (230,923 ) (949,492 ) (726,504 ) Income tax (benefit) expenses $ (132,196 ) $ 506,886 $ (286,245 ) $ 179,803
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	June 30, December 31, 2015 2014 (Unaudited) Net operating loss carried forward $ 3,756,519 $ 2,744,172 Effect of deductible temporary differences between 189,033 221,069 Total Deferred tax assets $ 3,945,552 $ 2,965,241

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Estimated Annual Capital Commitment [Table Text Block]	Year Amount 2015 $ 1,172,999 2016 663,102 2017 683,942 2018 684,258 2019 and thereafter 4,758,700 Total $ 7,963,001

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables) - Jun. 30, 2015	Total	Total
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Paper cartons and other paper products Corrugating medium paper Elimination of inter-segment Total Three Months ended June 30 Three Months ended June 30 Three Months ended June 30 Three Months ended June 30 2015 2014 2015 2014 2015 2014 2015 2014 Revenues $ 29,805,763 $ 29,900,861 $ 13,301,689 $ 10,739,534 $ (3,404,251 ) $ (3,402,857 ) $ 39,703,201 $ 37,237,538 Depreciation & amortization 1,061,686 1,018,699 849,044 795,747 - - 1,910,730 1,814,446 Interest revenue 87,236 42,874 1 749 - - 87,237 43,623 Interest expense 72,511 144,010 146,205 210,913 - - 218,716 354,923 Income tax expense (benefit) 201,006 752,766 (333,202 ) (245,880 ) - - (132,196 ) 506,886 Net income (loss) 951,763 1,861,241 (999,605 ) (803,065 ) - - (47,842 ) 1,058,176 Capital expenditure 1,937,518 696,395 363,215 479,110 - - 2,300,733 1,175,505 Total assets 139,076,805 131,085,119 69,014,263 52,962,088 (22,167,937 ) (17,218,454 ) 185,923,131 166,828,753	Paper cartons and other paper products Corrugating medium paper Elimination of inter-segment Total Six Months ended June 30 Six Months ended June 30 Six Months ended June 30 Six Months ended June 30 2015 2014 2015 2014 2015 2014 2015 2014 Revenues $ 60,770,077 $ 56,018,419 $ 21,789,013 $ 20,081,425 $ (4,928,470 ) $ (6,572,327 ) $ 77,630,620 $ 69,527,517 Depreciation & amortization 2,053,493 2,078,887 1,687,353 1,834,546 - - 3,740,846 3,913,433 Interest revenue 210,243 540,693 156 749 - - 210,399 541,442 Interest expense 137,695 297,643 272,810 380,965 - - 410,505 678,608 Income tax expense (benefit) 465,767 938,218 (752,012 ) (758,415 ) - - (286,245 ) 179,803 Net income (loss) 2,108,384 2,881,509 (2,256,035 ) (2,407,153 ) - - (147,651 ) 474,356 Capital expenditure 3,597,638 1,049,178 778,492 2,152,850 - - 4,376,130 3,202,028 Total assets 139,076,805 131,085,119 69,014,263 52,962,088 (22,167,937 ) (17,218,454 ) 185,923,131 166,828,753

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net income attributable to Company’s common stockholders $ 124,606 $ 1,067,707 $ 61,011 $ 530,015 Weighted average number of common shares outstanding – basic and diluted (1) 7,758,168 7,758,168 7,758,168 7,758,168 Earnings per share – basic and diluted (1) $ 0.02 $ 0.14 0.01 $ 0.07

PRINCIPAL ACTIVITIES AND ORGA40

PRINCIPAL ACTIVITIES AND ORGANIZATION (Narrative) (Details) - 6 months ended Jun. 30, 2015 ¥ in Thousands	USD ($)shares	CNY (¥)shares
Principal Activities And Organization 1	100.00%	100.00%
Principal Activities And Organization 2 | shares	5,520,000	5,520,000
Principal Activities And Organization 3	92.00%	92.00%
Principal Activities And Organization 4 | shares	291,262	291,262
Principal Activities And Organization 5	$ 17.15
Principal Activities And Organization 6	5,000,000
Principal Activities And Organization 7	$ 4,000,000
Principal Activities And Organization 8 | shares	1,600,000	1,600,000
Principal Activities And Organization 9	$ 20
Principal Activities And Organization 10	32,000,000
Principal Activities And Organization 11	29,700,000
Principal Activities And Organization 12	$ 44,000,000
Principal Activities And Organization 13	100.00%	100.00%
Principal Activities And Organization 14 | ¥		¥ 10,000
Principal Activities And Organization 15	75.00%	75.00%
Principal Activities And Organization 16	25.00%	25.00%
Principal Activities And Organization 17	$ 15,000,000
Principal Activities And Organization 18 | ¥		¥ 1,890
Principal Activities And Organization 19	100.00%	100.00%
Principal Activities And Organization 20 | ¥		¥ 3,000
Principal Activities And Organization 21	$ 440,000
Principal Activities And Organization 22 | ¥		¥ 280,000
Principal Activities And Organization 23	99.06%	99.06%
Principal Activities And Organization 24	0.94%	0.94%
Principal Activities And Organization 25	100.00%	100.00%
Principal Activities And Organization 26 | ¥		¥ 30,950
Principal Activities And Organization 27	55.00%	55.00%
Principal Activities And Organization 28	45.00%	45.00%
Principal Activities And Organization 29 | ¥		¥ 42,860
Principal Activities And Organization 30 | ¥		¥ 39,880
Principal Activities And Organization 31	100.00%	100.00%
Principal Activities And Organization 32 | ¥		¥ 38,000
Principal Activities And Organization 33	0	0

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)yr
Summary Of Significant Accounting Policies 1	10.00%
Summary Of Significant Accounting Policies 2	166,533
Summary Of Significant Accounting Policies 3 | yr	50
Summary Of Significant Accounting Policies 6	25.00%
Summary Of Significant Accounting Policies 7	50.00%
Summary Of Significant Accounting Policies 8	15.00%
Summary Of Significant Accounting Policies 9	$ 8,713,159
Summary Of Significant Accounting Policies 10	$ 8,293,281
Summary Of Significant Accounting Policies 11	16.20%
Summary Of Significant Accounting Policies 12	15.60%
Summary Of Significant Accounting Policies 13	50.00%
Summary Of Significant Accounting Policies 14	36.10%
Summary Of Significant Accounting Policies 15	0
Summary Of Significant Accounting Policies 16	0
Summary Of Significant Accounting Policies 17	0
Summary Of Significant Accounting Policies 18	0
Summary Of Significant Accounting Policies 19	17.00%
Summary Of Significant Accounting Policies 20	$ 1,988,441
Summary Of Significant Accounting Policies 21	2,120,541
Summary Of Significant Accounting Policies 22	1,024,238
Summary Of Significant Accounting Policies 23	1,209,083
Summary Of Significant Accounting Policies 24	864,690
Summary Of Significant Accounting Policies 25	685,789
Summary Of Significant Accounting Policies 26	473,256
Summary Of Significant Accounting Policies 27	$ 336,818
Summary Of Significant Accounting Policies 28	50.00%
Summary Of Significant Accounting Policies 27	10.00%
Summary Of Significant Accounting Policies 28	12.76%
Summary Of Significant Accounting Policies 29	10.00%
Summary Of Significant Accounting Policies 30	13.55%
Summary Of Significant Accounting Policies 31	12.46%
Summary Of Significant Accounting Policies 32	11.34%
Summary Of Significant Accounting Policies 33	20.68%
Summary Of Significant Accounting Policies 34	11.80%
Summary Of Significant Accounting Policies 35 | yr	30

PROPERTY, PLANT AND EQUIPMENT42

PROPERTY, PLANT AND EQUIPMENT, NET (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Property, Plant And Equipment, Net 1	$ 3,607,718
Property, Plant And Equipment, Net 2	3,684,097
Property, Plant And Equipment, Net 3	1,896,503
Property, Plant And Equipment, Net 4	1,704,753
Property, Plant And Equipment, Net 5	8,013,819
Property, Plant And Equipment, Net 6	$ 8,404,050

LAND USE RIGHT (Narrative) (Det

LAND USE RIGHT (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)yr	CNY (¥)yr
Land Use Right 1	$ 12,315,000
Land Use Right 2 | ¥		¥ 75,000,000
Land Use Right 3	166,533	166,533
Land Use Right 4 | yr	50	50
Land Use Right 5	$ 133,128
Land Use Right 6	131,908
Land Use Right 7	66,930
Land Use Right 8	$ 65,425

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Loans 1	2.67%
Loans 2	2.93%
Loans 3	$ 3,538,889
Loans 4	$ 10,480,111
Loans 5	2.88%
Loans 6	5.77%
Loans 7	$ 3,576,923
Loans 8	$ 10,480,111
Loans 9	2.84%
Loans 10	5.85%
Loans 11	$ 3,500,000
Loans 12	3.07%
Loans 13	$ 3,075,000
Loans 14	$ 1,466,851
Loans 15	3.27%
Loans 16	4.05%
Loans 17	$ 4,500,000
Loans 18	3.27%
Loans 19	0
Loans 20	$ 5,000,040
Loans 21	3.27%
Loans 22	$ 1,425,000
Loans 23	$ 3,082,873
Loans 24	3.27%
Loans 25	3.27%
Loans 26	0
Loans 27	$ 4,500,000
Loans 28	0
Loans 29	3.27%

ACCOUNTS AND NOTES PAYABLE (Nar

ACCOUNTS AND NOTES PAYABLE (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Accounts And Notes Payable 1	$ 7,635,300
Accounts And Notes Payable 2	$ 8,785,800

RELATED PARTY TRANSACTION (Narr

RELATED PARTY TRANSACTION (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Related Party Transaction 2	$ 7,553,200

RESTRICTED NET ASSETS (Narrativ

RESTRICTED NET ASSETS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Restricted Net Assets 1	$ 51,788,414
Restricted Net Assets 2	$ 51,368,536

NONCONTROLLING INTEREST (Narrat

NONCONTROLLING INTEREST (Narrative) (Details) - 6 months ended Jun. 30, 2015 ¥ in Thousands	USD ($)	CNY (¥)
Noncontrolling Interest 1	$ 3,155,353
Noncontrolling Interest 2	45.00%	45.00%
Noncontrolling Interest 3 | ¥		¥ 42,860

TAXATION (Narrative) (Details)

TAXATION (Narrative) (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Taxation 1	17.00%
Taxation 2	17.00%
Taxation 3	$ 865,139
Taxation 4	$ 867,869
Taxation 5	34.00%
Taxation 6	0.00%
Taxation 7	15.00%
Taxation 8	25.00%
Taxation 9	25.00%
Taxation 10	20.00%
Taxation 11	$ 14,100,000
Taxation 12	0.4
Taxation 13	$ 600,000

COMMITMENTS AND CONTINGENCIES50

COMMITMENTS AND CONTINGENCIES (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Commitments And Contingencies 1	$ 588,029

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share 1	1
Earnings Per Share 2	5

Property, Plant and Equipment E

Property, Plant and Equipment Estimated Useful Lives and Residual Value (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 1	$ 5
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 2	$ 20
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 3	5.00%
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 4	$ 10
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 5	5.00%
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 6	$ 3
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 7	$ 5
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 8	5.00%
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 9	$ 5
Summary Of Significant Accounting Policies Property, Plant And Equipment Estimated Useful Lives And Residual Value 10	5.00%

Schedule of Land Use Rights Est

Schedule of Land Use Rights Estimated Useful Lives (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Summary Of Significant Accounting Policies Schedule Of Land Use Rights Estimated Useful Lives 1	$ 46
Summary Of Significant Accounting Policies Schedule Of Land Use Rights Estimated Useful Lives 2	0.00%

Schedule of Accounts and Notes

Schedule of Accounts and Notes Receivable (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Accounts And Notes Receivable, Net Schedule Of Accounts And Notes Receivable 1	$ 37,542,359
Accounts And Notes Receivable, Net Schedule Of Accounts And Notes Receivable 2	32,401,827
Accounts And Notes Receivable, Net Schedule Of Accounts And Notes Receivable 3	6,426,117
Accounts And Notes Receivable, Net Schedule Of Accounts And Notes Receivable 4	7,983,788
Accounts And Notes Receivable, Net Schedule Of Accounts And Notes Receivable 5	43,968,476
Accounts And Notes Receivable, Net Schedule Of Accounts And Notes Receivable 6	$ 40,385,615

Schedule of Inventories (Detail

Schedule of Inventories (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Inventories Schedule Of Inventories 1	$ 16,094,813
Inventories Schedule Of Inventories 2	12,321,396
Inventories Schedule Of Inventories 3	5,939,786
Inventories Schedule Of Inventories 4	3,862,363
Inventories Schedule Of Inventories 5	8,682
Inventories Schedule Of Inventories 6	14,080
Inventories Schedule Of Inventories 7	22,043,281
Inventories Schedule Of Inventories 8	$ 16,197,839

Schedule of Prepaid and Other A

Schedule of Prepaid and Other Assets Disclosure (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 1	$ 3,141,053
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 2	1,530,041
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 3	291,074
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 4	184,011
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 5	318,007
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 6	0
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 7	3,750,134
Prepayments And Other Receivables Schedule Of Prepaid And Other Assets Disclosure 8	$ 1,714,052

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 1	$ 34,300,299
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 2	27,890,275
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 3	69,053,425
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 4	62,781,607
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 5	1,092,573
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 6	968,721
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 7	1,823,398
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 8	1,470,979
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 9	1,276,238
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 10	7,212,504
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 11	107,545,933
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 12	100,324,086
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 13	(31,543,958)
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 14	(28,050,034)
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 15	76,001,975
Property, Plant And Equipment, Net Schedule Of Property, Plant And Equipment 16	$ 72,274,052

Schedule of Land Use Rights (De

Schedule of Land Use Rights (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Land Use Right Schedule Of Land Use Rights 1	$ 12,315,000
Land Use Right Schedule Of Land Use Rights 2	12,202,500
Land Use Right Schedule Of Land Use Rights 3	(690,352)
Land Use Right Schedule Of Land Use Rights 4	(551,650)
Land Use Right Schedule Of Land Use Rights 5	11,624,648
Land Use Right Schedule Of Land Use Rights 6	$ 11,650,850

Schedule of Future Amortization

Schedule of Future Amortization of Land Use Right (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Land Use Right Schedule Of Future Amortization Of Land Use Right 1	$ 133,617
Land Use Right Schedule Of Future Amortization Of Land Use Right 2	267,233
Land Use Right Schedule Of Future Amortization Of Land Use Right 3	267,233
Land Use Right Schedule Of Future Amortization Of Land Use Right 4	267,233
Land Use Right Schedule Of Future Amortization Of Land Use Right 5	267,233
Land Use Right Schedule Of Future Amortization Of Land Use Right 6	10,422,099
Land Use Right Schedule Of Future Amortization Of Land Use Right 7	$ 11,624,648

Schedule of Short-term Debt (De

Schedule of Short-term Debt (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Loans Schedule Of Short-term Debt 1	1.90%
Loans Schedule Of Short-term Debt 2	$ 3,500,000
Loans Schedule Of Short-term Debt 3	2.70%
Loans Schedule Of Short-term Debt 4	$ 3,500,000

Schedule of Current portion of

Schedule of Current portion of long-term borrowing (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Loans Schedule Of Current Portion Of Long-term Borrowing 1	2.30%
Loans Schedule Of Current Portion Of Long-term Borrowing 2	$ 4,500,000
Loans Schedule Of Current Portion Of Long-term Borrowing 3	$ 0

Schedule of Long-term Debt (Det

Schedule of Long-term Debt (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Loans Schedule Of Long-term Debt 1	$ 0
Loans Schedule Of Long-term Debt 2	2.30%
Loans Schedule Of Long-term Debt 3	$ 4,500,000

Schedule of Line of Credit Faci

Schedule of Line of Credit Facilities (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Loans Schedule Of Line Of Credit Facilities 1	$ 13,136,000
Loans Schedule Of Line Of Credit Facilities 2	7,419,300
Loans Schedule Of Line Of Credit Facilities 3	13,016,000
Loans Schedule Of Line Of Credit Facilities 4	6,262,000
Loans Schedule Of Line Of Credit Facilities 5	9,031,000
Loans Schedule Of Line Of Credit Facilities 6	7,389,000
Loans Schedule Of Line Of Credit Facilities 7	8,948,500
Loans Schedule Of Line Of Credit Facilities 8	8,135,000
Loans Schedule Of Line Of Credit Facilities 9	3,284,000
Loans Schedule Of Line Of Credit Facilities 10	3,284,000
Loans Schedule Of Line Of Credit Facilities 11	3,254,000
Loans Schedule Of Line Of Credit Facilities 12	3,254,000
Loans Schedule Of Line Of Credit Facilities 13	3,284,000
Loans Schedule Of Line Of Credit Facilities 14	3,284,000
Loans Schedule Of Line Of Credit Facilities 15	3,254,000
Loans Schedule Of Line Of Credit Facilities 16	3,254,000
Loans Schedule Of Line Of Credit Facilities 17	28,735,000
Loans Schedule Of Line Of Credit Facilities 18	21,376,300
Loans Schedule Of Line Of Credit Facilities 19	28,472,500
Loans Schedule Of Line Of Credit Facilities 20	$ 20,905,000

Schedule of Accounts and Note64

Schedule of Accounts and Notes Payable (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Accounts And Notes Payable Schedule Of Accounts And Notes Payable 1	$ 15,270,600
Accounts And Notes Payable Schedule Of Accounts And Notes Payable 2	17,571,600
Accounts And Notes Payable Schedule Of Accounts And Notes Payable 3	35,418,805
Accounts And Notes Payable Schedule Of Accounts And Notes Payable 4	24,382,668
Accounts And Notes Payable Schedule Of Accounts And Notes Payable 5	50,689,405
Accounts And Notes Payable Schedule Of Accounts And Notes Payable 6	$ 41,954,268

Schedule of Accrued Expenses an

Schedule of Accrued Expenses and Other Payables (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 1	$ 1,135,417
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 2	875,352
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 3	1,409,978
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 4	1,083,186
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 5	676,240
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 6	597,884
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 7	1,521,809
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 8	408,566
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 9	4,743,444
Accrued Expenses And Other Payables Schedule Of Accrued Expenses And Other Payables 10	$ 2,964,988

Schedule of Related Party Balan

Schedule of Related Party Balances (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Related Party Transaction Schedule Of Related Party Balances 1	$ 53,096
Related Party Transaction Schedule Of Related Party Balances 2	46,825
Related Party Transaction Schedule Of Related Party Balances 3	4,592
Related Party Transaction Schedule Of Related Party Balances 4	4,268
Related Party Transaction Schedule Of Related Party Balances 5	49,260
Related Party Transaction Schedule Of Related Party Balances 6	0
Related Party Transaction Schedule Of Related Party Balances 7	123,150
Related Party Transaction Schedule Of Related Party Balances 8	0
Related Party Transaction Schedule Of Related Party Balances 9	230,098
Related Party Transaction Schedule Of Related Party Balances 10	51,093
Related Party Transaction Schedule Of Related Party Balances 11	296,191
Related Party Transaction Schedule Of Related Party Balances 12	442,285
Related Party Transaction Schedule Of Related Party Balances 13	2,351,860
Related Party Transaction Schedule Of Related Party Balances 14	2,040,435
Related Party Transaction Schedule Of Related Party Balances 15	1,425
Related Party Transaction Schedule Of Related Party Balances 16	2,420
Related Party Transaction Schedule Of Related Party Balances 17	576,097
Related Party Transaction Schedule Of Related Party Balances 18	466,395
Related Party Transaction Schedule Of Related Party Balances 19	30,788
Related Party Transaction Schedule Of Related Party Balances 20	10,169
Related Party Transaction Schedule Of Related Party Balances 21	298,544
Related Party Transaction Schedule Of Related Party Balances 22	0
Related Party Transaction Schedule Of Related Party Balances 23	3,554,905
Related Party Transaction Schedule Of Related Party Balances 24	$ 2,961,704

Schedule of Related Party Trans

Schedule of Related Party Transactions (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Related Party Transaction Schedule Of Related Party Transactions 1	$ 148,050
Related Party Transaction Schedule Of Related Party Transactions 2	144,720
Related Party Transaction Schedule Of Related Party Transactions 3	294,480
Related Party Transaction Schedule Of Related Party Transactions 4	291,780
Related Party Transaction Schedule Of Related Party Transactions 5	83,895
Related Party Transaction Schedule Of Related Party Transactions 6	67,536
Related Party Transaction Schedule Of Related Party Transactions 7	166,872
Related Party Transaction Schedule Of Related Party Transactions 8	136,164
Related Party Transaction Schedule Of Related Party Transactions 9	10,281
Related Party Transaction Schedule Of Related Party Transactions 10	0
Related Party Transaction Schedule Of Related Party Transactions 11	20,450
Related Party Transaction Schedule Of Related Party Transactions 12	0
Related Party Transaction Schedule Of Related Party Transactions 13	155,797
Related Party Transaction Schedule Of Related Party Transactions 14	0
Related Party Transaction Schedule Of Related Party Transactions 15	309,890
Related Party Transaction Schedule Of Related Party Transactions 16	0
Related Party Transaction Schedule Of Related Party Transactions 17	102,813
Related Party Transaction Schedule Of Related Party Transactions 18	100,500
Related Party Transaction Schedule Of Related Party Transactions 19	204,500
Related Party Transaction Schedule Of Related Party Transactions 20	202,625
Related Party Transaction Schedule Of Related Party Transactions 21	500,836
Related Party Transaction Schedule Of Related Party Transactions 22	312,756
Related Party Transaction Schedule Of Related Party Transactions 23	996,192
Related Party Transaction Schedule Of Related Party Transactions 24	630,569
Related Party Transaction Schedule Of Related Party Transactions 25	262,631
Related Party Transaction Schedule Of Related Party Transactions 26	127,133
Related Party Transaction Schedule Of Related Party Transactions 27	458,807
Related Party Transaction Schedule Of Related Party Transactions 28	202,644
Related Party Transaction Schedule Of Related Party Transactions 29	19,062
Related Party Transaction Schedule Of Related Party Transactions 30	77,956
Related Party Transaction Schedule Of Related Party Transactions 31	46,008
Related Party Transaction Schedule Of Related Party Transactions 32	164,845
Related Party Transaction Schedule Of Related Party Transactions 33	20,434
Related Party Transaction Schedule Of Related Party Transactions 34	10,215
Related Party Transaction Schedule Of Related Party Transactions 35	42,119
Related Party Transaction Schedule Of Related Party Transactions 36	58,918
Related Party Transaction Schedule Of Related Party Transactions 37	39,496
Related Party Transaction Schedule Of Related Party Transactions 38	88,171
Related Party Transaction Schedule Of Related Party Transactions 39	88,127
Related Party Transaction Schedule Of Related Party Transactions 40	223,763
Related Party Transaction Schedule Of Related Party Transactions 41	1,727,172
Related Party Transaction Schedule Of Related Party Transactions 42	390,456
Related Party Transaction Schedule Of Related Party Transactions 43	2,591,399
Related Party Transaction Schedule Of Related Party Transactions 44	651,806
Related Party Transaction Schedule Of Related Party Transactions 45	356,251
Related Party Transaction Schedule Of Related Party Transactions 46	367,538
Related Party Transaction Schedule Of Related Party Transactions 47	684,808
Related Party Transaction Schedule Of Related Party Transactions 48	687,585
Related Party Transaction Schedule Of Related Party Transactions 49	4,642
Related Party Transaction Schedule Of Related Party Transactions 50	0
Related Party Transaction Schedule Of Related Party Transactions 51	45,240
Related Party Transaction Schedule Of Related Party Transactions 52	0
Related Party Transaction Schedule Of Related Party Transactions 53	360,893
Related Party Transaction Schedule Of Related Party Transactions 54	367,538
Related Party Transaction Schedule Of Related Party Transactions 55	730,048
Related Party Transaction Schedule Of Related Party Transactions 56	687,585
Related Party Transaction Schedule Of Related Party Transactions 57	25,508
Related Party Transaction Schedule Of Related Party Transactions 58	0
Related Party Transaction Schedule Of Related Party Transactions 59	59,899
Related Party Transaction Schedule Of Related Party Transactions 60	0
Related Party Transaction Schedule Of Related Party Transactions 61	2,531
Related Party Transaction Schedule Of Related Party Transactions 62	0
Related Party Transaction Schedule Of Related Party Transactions 63	460,058
Related Party Transaction Schedule Of Related Party Transactions 64	$ 0

Schedule of Noncontrolling Inte

Schedule of Noncontrolling Interest (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Noncontrolling Interest Schedule Of Noncontrolling Interest 1	$ 211,859
Noncontrolling Interest Schedule Of Noncontrolling Interest 2	3,155,353
Noncontrolling Interest Schedule Of Noncontrolling Interest 3	(208,662)
Noncontrolling Interest Schedule Of Noncontrolling Interest 4	(765)
Noncontrolling Interest Schedule Of Noncontrolling Interest 5	$ 3,157,785

Schedule of Taxes Payable (Deta

Schedule of Taxes Payable (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Taxation Schedule Of Taxes Payable 1	$ 666,525
Taxation Schedule Of Taxes Payable 2	1,227,056
Taxation Schedule Of Taxes Payable 3	692,409
Taxation Schedule Of Taxes Payable 4	400,163
Taxation Schedule Of Taxes Payable 5	260,512
Taxation Schedule Of Taxes Payable 6	199,703
Taxation Schedule Of Taxes Payable 7	1,619,446
Taxation Schedule Of Taxes Payable 8	$ 1,826,922

Schedule of Reconciliation the

Schedule of Reconciliation the Group's effective tax (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Taxation Schedule Of Reconciliation The Group's Effective Tax 1	$ (54,813)
Taxation Schedule Of Reconciliation The Group's Effective Tax 2	748,663
Taxation Schedule Of Reconciliation The Group's Effective Tax 3	(126,846)
Taxation Schedule Of Reconciliation The Group's Effective Tax 4	487,359
Taxation Schedule Of Reconciliation The Group's Effective Tax 5	(77,383)
Taxation Schedule Of Reconciliation The Group's Effective Tax 6	(244,836)
Taxation Schedule Of Reconciliation The Group's Effective Tax 7	(159,399)
Taxation Schedule Of Reconciliation The Group's Effective Tax 8	(310,615)
Taxation Schedule Of Reconciliation The Group's Effective Tax 9	0
Taxation Schedule Of Reconciliation The Group's Effective Tax 10	3,059
Taxation Schedule Of Reconciliation The Group's Effective Tax 11	0
Taxation Schedule Of Reconciliation The Group's Effective Tax 12	3,059
Taxation Schedule Of Reconciliation The Group's Effective Tax 13	(132,196)
Taxation Schedule Of Reconciliation The Group's Effective Tax 14	506,886
Taxation Schedule Of Reconciliation The Group's Effective Tax 15	(286,245)
Taxation Schedule Of Reconciliation The Group's Effective Tax 16	$ 179,803

Schedule of Components of Incom

Schedule of Components of Income Tax Expense (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Taxation Schedule Of Components Of Income Tax Expense 1	$ 372,793
Taxation Schedule Of Components Of Income Tax Expense 2	737,809
Taxation Schedule Of Components Of Income Tax Expense 3	663,247
Taxation Schedule Of Components Of Income Tax Expense 4	906,307
Taxation Schedule Of Components Of Income Tax Expense 5	(504,989)
Taxation Schedule Of Components Of Income Tax Expense 6	(230,923)
Taxation Schedule Of Components Of Income Tax Expense 7	(949,492)
Taxation Schedule Of Components Of Income Tax Expense 8	(726,504)
Taxation Schedule Of Components Of Income Tax Expense 9	(132,196)
Taxation Schedule Of Components Of Income Tax Expense 10	506,886
Taxation Schedule Of Components Of Income Tax Expense 11	(286,245)
Taxation Schedule Of Components Of Income Tax Expense 12	$ 179,803

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Taxation Schedule Of Deferred Tax Assets And Liabilities 1	$ 3,756,519
Taxation Schedule Of Deferred Tax Assets And Liabilities 2	2,744,172
Taxation Schedule Of Deferred Tax Assets And Liabilities 3	189,033
Taxation Schedule Of Deferred Tax Assets And Liabilities 4	221,069
Taxation Schedule Of Deferred Tax Assets And Liabilities 5	3,945,552
Taxation Schedule Of Deferred Tax Assets And Liabilities 6	$ 2,965,241

Schedule of Estimated Annual Ca

Schedule of Estimated Annual Capital Commitment (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Commitments And Contingencies Schedule Of Estimated Annual Capital Commitment 1	$ 1,172,999
Commitments And Contingencies Schedule Of Estimated Annual Capital Commitment 2	663,102
Commitments And Contingencies Schedule Of Estimated Annual Capital Commitment 3	683,942
Commitments And Contingencies Schedule Of Estimated Annual Capital Commitment 4	684,258
Commitments And Contingencies Schedule Of Estimated Annual Capital Commitment 5	4,758,700
Commitments And Contingencies Schedule Of Estimated Annual Capital Commitment 6	$ 7,963,001

Schedule of Revenue from Extern

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) - Jun. 30, 2015 - USD ($)	Total	Total
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 1		$ 60,770,077
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 2		56,018,419
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 3		21,789,013
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 4		20,081,425
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 5		(4,928,470)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 6		(6,572,327)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 7		77,630,620
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 8		69,527,517
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 9		2,053,493
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 10		2,078,887
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 11		1,687,353
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 12		1,834,546
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 13		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 14		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 15		3,740,846
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 16		3,913,433
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 17		210,243
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 18		540,693
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 19		156
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 20		749
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 21		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 22		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 23		210,399
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 24		541,442
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 25		137,695
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 26		297,643
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 27		272,810
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 28		380,965
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 29		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 30		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 31		410,505
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 32		678,608
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 33		465,767
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 34		938,218
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 35		(752,012)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 36		(758,415)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 37		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 38		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 39		(286,245)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 40		179,803
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 41		2,108,384
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 42		2,881,509
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 43		(2,256,035)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 44		(2,407,153)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 45		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 46		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 47		(147,651)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 48		474,356
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 49		3,597,638
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 50		1,049,178
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 51		778,492
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 52		2,152,850
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 53		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 54		0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 55		4,376,130
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 56		3,202,028
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 57		139,076,805
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 58		131,085,119
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 59		69,014,263
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 60		52,962,088
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 61		(22,167,937)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 62		(17,218,454)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 63		185,923,131
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 64		$ 166,828,753
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 1	$ 29,805,763
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 2	29,900,861
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 3	13,301,689
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 4	10,739,534
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 5	(3,404,251)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 6	(3,402,857)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 7	39,703,201
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 8	37,237,538
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 9	1,061,686
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 10	1,018,699
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 11	849,044
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 12	795,747
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 13	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 14	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 15	1,910,730
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 16	1,814,446
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 17	87,236
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 18	42,874
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 19	1
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 20	749
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 21	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 22	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 23	87,237
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 24	43,623
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 25	72,511
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 26	144,010
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 27	146,205
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 28	210,913
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 29	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 30	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 31	218,716
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 32	354,923
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 33	201,006
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 34	752,766
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 35	(333,202)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 36	(245,880)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 37	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 38	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 39	(132,196)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 40	506,886
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 41	951,763
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 42	1,861,241
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 43	(999,605)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 44	(803,065)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 45	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 46	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 47	(47,842)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 48	1,058,176
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 49	1,937,518
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 50	696,395
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 51	363,215
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 52	479,110
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 53	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 54	0
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 55	2,300,733
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 56	1,175,505
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 57	139,076,805
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 58	131,085,119
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 59	69,014,263
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 60	52,962,088
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 61	(22,167,937)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 62	(17,218,454)
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 63	185,923,131
Segment Reporting Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 64	$ 166,828,753

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - 6 months ended Jun. 30, 2015	USD ($)shares
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 1 | $	$ 124,606
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 2 | $	1,067,707
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 3 | $	61,011
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 4 | $	$ 530,015
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 5	7,758,168
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 6	7,758,168
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 7	7,758,168
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 8	7,758,168
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 9	0.02
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 10	0.14
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 11	0.01
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 12	0.07