Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Information [Abstract]

Segment Information

	Three Months Ended March 31,
	2013			2012
Revenues:
Forged rolled rings and related components	$	6,526,701		$	5,585,455
Dyeing and finishing equipment		7,357,998			3,823,774
		13,884,699			9,409,229
Depreciation:
Forged rolled rings and related components		1,046,577			1,217,169
Dyeing and finishing equipment		522,974			330,176
		1,569,551			1,547,345
Interest expense:
Forged rolled rings and related components		47,152			77,633
Dyeing and finishing equipment		57,975			12,400
Other (a)		-			-
		105,127			90,033
Net income (loss):
Forged rolled rings and related components		796,566			326,669
Dyeing and finishing equipment		961,159			409,343
Other (a)		(135,125	)		(433,217	)
		1,622,600			302,795
Identifiable long-lived tangible assets at March 31, 2013 and December 31, 2012 by segment:		March 31, 2013			December 31, 2012
Forged rolled rings and related components	$	39,812,045		$	40,636,142
Dyeing and finishing equipment		21,111,271			18,799,958
	$	60,923,316		$	59,436,100
Identifiable long-lived tangible assets at March 31, 2013 and December 31, 2012 by geographical location:
China	$	60,923,316		$	59,436,100
United States		-			-
	$	60,923,316		$	59,436,100

(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.