Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Segment Information [Abstract]

Segment Information

	2013			2012
Revenues:
Forged rolled rings and related components	$	33,775,849		$	31,940,931
Dyeing and finishing equipment		38,336,813			25,258,290
		72,112,662			57,199,221
Depreciation:
Forged rolled rings and related components		4,355,417			5,077,390
Dyeing and finishing equipment		2,348,969			1,442,004
		6,704,386			6,519,394
Interest expense:
Forged rolled rings and related components		141,324			239,974
Dyeing and finishing equipment		159,057			65,685
		300,381			305,659
Net income (loss):
Forged rolled rings and related components		3,244,455			1,359,449
Dyeing and finishing equipment		5,747,096			3,737,787
Other (a)		(805,974	)		(898,656	)
		8,185,577			4,198,580
Identifiable long-lived tangible assets at December 31, 2013 and 2012 by segment:
Forged rolled rings and related components	$	43,987,670		$	40,636,142
Dyeing and finishing equipment		26,607,468			18,799,958
Equipment held for operating lease (b)		4,751,206			7,118,555
	$	75,346,344		$	66,554,655
Identifiable long-lived tangible assets at December 31, 2013 and 2012 by geographical location:
China	$	75,346,344		$	66,554,655
United States		-			-
	$	75,346,344		$	66,554,655

(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.

(b)   The Company does not allocate the equipment held for operating lease to any operating segment.