Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Revenue:
Forged rolled rings and related components	$	7,849,812		$	8,197,830		$	16,106,945		$	14,724,531
Dyeing and finishing equipment		9,678,206			9,016,304			19,056,344			16,374,302
		17,528,018			17,214,134			35,163,289			31,098,833
Depreciation:
Forged rolled rings and related components		1,207,337			1,059,267			2,424,395			2,105,844
Dyeing and finishing equipment		744,192			592,341			1,492,408			1,115,315
Other (a)		167,987			-			167,987			-
		2,119,516			1,651,608			4,084,790			3,221,159
Interest expense:
Forged rolled rings and related components		22,638			32,761			45,203			79,913
Dyeing and finishing equipment		37,461			31,765			72,623			89,740
		60,099			64,526			117,826			169,653
Net income (loss)
Forged rolled rings and related components		1,044,684			1,223,554			2,274,120			2,020,120
Dyeing and finishing equipment		1,328,042			1,258,828			2,673,598			2,219,987
Other (b)		(154,822	)		(159,829	)		(333,456	)		(294,954	)
	$	2,217,904		$	2,322,553		$	4,614,262		$	3,945,153

Identifiable long-lived tangible assets at June 30, 2014 and December 31, 2013 by segment:	June 30, 2014			December 31, 2013
Forged rolled rings and related components	$	41,250,263		$	43,987,670
Dyeing and finishing equipment		31,577,395			26,607,468
Equipment held for operating lease		4,549,061			4,751,206
	$	77,376,719		$	75,346,344

Identifiable long-lived tangible assets at June 30, 2014 and December 31, 2013 by geographical location:	June 30, 2014			December 31, 2013
China	$	77,376,719		$	75,346,344
United States		-			-
	$	77,376,719		$	75,346,344

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

(b)	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.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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