Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Segment Information [Abstract]

Segment Information

	2014			2013
Revenues:
Forged rolled rings and related components	$	8,257,133		$	6,526,701
Dyeing and finishing equipment		9,378,138			7,357,998
		17,635,271			13,884,699
Depreciation:
Forged rolled rings and related components		1,217,058			1,046,577
Dyeing and finishing equipment		748,216			522,974
		1,965,274			1,569,551
Interest expense:
Forged rolled rings and related components		22,565			47,152
Dyeing and finishing equipment		35,162			57,975
		57,727			105,127
Net income (loss):
Forged rolled rings and related components		1,229,436			796,566
Dyeing and finishing equipment		1,345,556			961,159
Other (a)		(178,634	)		(135,125	)
	$	2,396,358		$	1,622,600

	March 31, 2014		December 31, 2013
Identifiable long-lived tangible assets at March 31, 2014 and December 31, 2013 by segment:
Forged rolled rings and related components	$	42,412,116	$	43,987,670
Dyeing and finishing equipment		28,754,866		26,607,468
Equipment held for operating lease (b)		4,711,496		4,751,206
	$	75,878,478	$	75,346,344
Identifiable long-lived tangible assets at March 31, 2014 and December 31, 2013 by geographical location:
China	$	75,878,478	$	75,346,344
United States		-		-
	$	75,878,478	$	75,346,344

(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.