Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Information [Abstract]

Segment Information

	2014			2013
Revenues
Forged rolled rings and related components	$	33,749,334		$	33,775,849
Dyeing and finishing equipment		42,209,342			38,336,813
		75,958,676			72,112,662
Depreciation
Forged rolled rings and related components		4,846,273			4,355,417
Dyeing and finishing equipment		3,119,823			2,348,969
Other (a)		503,675			-
		8,469,771			6,704,386
Interest expense
Forged rolled rings and related components		90,701			141,324
Dyeing and finishing equipment		147,525			159,057
		238,226			300,381
Net income (loss)
Forged rolled rings and related components		(482,221	)		3,244,455
Dyeing and finishing equipment		5,494,791			5,747,096
Other (b)		(746,153	)		(805,974	)
	$	4,266,417		$	8,185,577

Identifiable long-lived tangible assets at December 31, 2014 and 2013 by segment	December 31, 2014		December 31, 2013
Forged rolled rings and related components	$	38,937,371	$	43,987,670
Dyeing and finishing equipment		30,691,226		26,607,468
Equipment held for sale/operating lease		422,540		4,751,206
	$	70,051,137	$	75,346,344

Identifiable long-lived tangible assets at December 31, 2014 and 2013 by geographical location	December 31, 2014		December 31, 2013
China	$	70,051,137	$	75,346,344
United States		-		-
	$	70,051,137	$	75,346,344

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

(b) The Company does not allocate any general and administrative expense of its U.S. activities to its reportable segments, because these activities are managed at a corporate level.