Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Information [Abstract]

Segment Information

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenues:
Forged rolled rings and related components	$	8,197,830		$	8,208,210		$	14,724,531		$	13,793,665
Dyeing and finishing equipment		9,016,304			4,624,653			16,374,302			8,448,427
		17,214,134			12,832,863			31,098,833			22,242,092
Depreciation:
Forged rolled rings and related components		1,059,267			1,215,536			2,105,844			2,432,705
Dyeing and finishing equipment		592,341			329,630			1,115,315			659,806
		1,651,608			1,545,166			3,221,159			3,092,511
Interest expense:
Forged rolled rings and related components		32,761			52,563			79,913			130,196
Dyeing and finishing equipment		31,765			17,800			89,740			30,200
		64,526			70,363			169,653			160,396
Net income (loss):
Forged rolled rings and related components		1,223,554			750,036			2,020,120			1,076,705
Dyeing and finishing equipment		1,258,828			506,797			2,219,987			916,140
Other (a)		(159,829	)		(185,463	)		(294,954	)		(618,680	)
	$	2,322,553		$	1,071,370		$	3,945,153		$	1,374,165
Identifiable long-lived tangible assets at June 30, 2013 and December 31, 2012 by segment:	June 30, 2013			December 31, 2012
Forged rolled rings and related components	$	43,279,304		$	40,636,142
Dyeing and finishing equipment		20,861,705			18,799,958
	$	64,141,009		$	59,436,100
Identifiable long-lived tangible assets at June 30, 2013 and December 31, 2012 by geographical location:	June 30, 2013			December 31, 2012
China	$	64,141,009		$	59,436,100
United States		-			-
	$	64,141,009		$	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.