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Organization and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Organization and Summary of Significant Accounting Policies [Abstract]  
Schedule of equipment held for sale measured at fair value on a nonrecurring basis

  Quoted Prices 
in Active 
Markets for 
Identical
Assets
(Level 1)
  Significant 
Other 
Observable 
Inputs 
(Level 2)
  Significant 
Unobservable 
Inputs
(Level 3)
  Balance at
September 30, 
2015
  Impairment 
Loss
 
Equipment held for sale $-  $-  $408,222  $408,222  $- 

 

 

  Quoted Prices 
in Active 
Markets for 
Identical 
Assets 
(Level 1)
  Significant 
Other 
Observable Inputs 
(Level 2)
  Significant 
Unobservable 
Inputs
(Level 3)
  Balance at 
December 31, 
2014
  Impairment 
Loss
 
Equipment held for sale $-  $-  $422,540  $422,540  $3,799,947 
 
Cash balances by geographic area

Country:

 

September 30, 2015

 

 

December 31, 2014

 

United States

 

$

1,001

 

 

 

0.01

%

 

$

42,798

 

 

 

0.5

%

China

 

 

18,671,229

 

 

 

99.99

%

 

 

7,792,993

 

 

 

99.5

%

Total cash and cash equivalents

 

$

18,672,230

 

 

 

100.0

%

 

$

7,835,791

 

 

 

100.0

%

Reconciliation of basic and diluted net income per share

 

 

Three Months Ended 
September 30,

 

 

Nine Months Ended 
September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net income available to common stockholders for basic and diluted net income per share of common stock

 

$

904,131

 

 

$

2,699,741

 

 

$

3,373,135

 

 

$

7,314,003

 

Weighted average common stock outstanding - basic and diluted

 

 

3,943,725

 

 

 

3,859,986

 

 

 

3,939,486

 

 

 

3,666,543

 

Net income per common share - basic and diluted

 

$

0.23

 

 

$

0.70

 

 

$

0.86

 

 

$

1.99