Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

Segment Information

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues:
Forged rolled rings and related components	$	9,826,210		$	7,608,796		$	23,619,875		$	29,733,041
Dyeing and finishing equipment		7,517,513			4,067,900			15,965,940			12,118,216
		17,343,723			11,676,696			39,585,815			41,851,257
Depreciation:
Forged rolled rings and related components		1,261,991			879,966			3,694,696			2,986,138
Dyeing and finishing equipment		365,267			267,443			1,025,073			665,030
		1,627,258			1,147,409			4,719,769			3,651,168
Interest expense:
Forged rolled rings and related components		66,494			60,452			196,690			122,980
Dyeing and finishing equipment		17,795			-			47,995			-
		84,289			60,452			244,685			122,980
Net income (loss):
Forged rolled rings and related components		1,270,837			838,628			2,347,542			4,329,039
Dyeing and finishing equipment		1,201,156			463,156			2,117,296			1,292,804
Other (a)		(116,891	)		(166,794	)		(735,571	)		(651,734	)
	$	2,355,102		$	1,134,990		$	3,729,267		$	4,970,109

Identifiable long-lived tangible assets at September 30, 2012 and December 31, 2011 by segment:
	September 30, 2012		December 31, 2011
Forged rolled rings and related components	$	51,194,448	$	51,930,395
Dyeing and finishing equipment		14,771,371		12,111,684
	$	65,965,819	$	64,042,079

Identifiable long-lived tangible assets at September 30, 2012 and December 31, 2011 by geographical location:
	September 30, 2012		December 31, 2011
China	$	65,965,819	$	64,042,079
United States		-		-
	$	65,965,819	$	64,042,079

 (a)      The Company does not allocate any general and administrative expenses of its U.S. activities to its reportable segments, because these activities are managed at a corporate level.