Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Revenues:
Forged rolled rings and related components	$	8,208,210		$	8,706,888		$	13,793,665		$	22,124,245
Dyeing and finishing equipment		4,624,653			3,901,293			8,448,427			8,050,316
		12,832,863			12,608,181			22,242,092			30,174,561
Depreciation:
Forged rolled rings and related components		1,215,536			1,092,426			2,432,705			2,106,172
Dyeing and finishing equipment		329,630			234,331			659,806			397,587
		1,545,166			1,326,757			3,092,511			2,503,759
Interest expense:
Forged rolled rings and related components		52,563			32,826			130,196			62,528
Dyeing and finishing equipment		17,800			-			30,200			-
		70,363			32,826			160,396			62,528
Net income (loss):
Forged rolled rings and related components		750,036			1,048,738			1,076,705			3,490,411
Dyeing and finishing equipment		506,797			406,206			916,140			829,648
Other (a)		(185,463	)		(284,985	)		(618,680	)		(484,940	)
	$	1,071,370		$	1,169,959		$	1,374,165		$	3,835,119

Identifiable long-lived tangible assets at June 30, 2012 and December 31, 2011 by segment:
	June 30, 2012		December 31, 2011
Forged rolled rings and related components	$	51,621,902	$	51,930,395
Dyeing and finishing equipment		13,046,847		12,111,684
	$	64,668,749	$	64,042,079

Identifiable long-lived tangible assets at June 30, 2012 and December 31, 2011 by geographical location:
	June 30, 2012		December 31, 2011
China	$	64,668,749	$	64,042,079
United States		-		-
	$	64,668,749	$	64,042,079

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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