Equipment Held for Sale	12 Months Ended
Dec. 31, 2015
Equipment Held for Sale [Abstract]
EQUIPMENT HELD FOR SALE	NOTE 6 – EQUIPMENT HELD FOR SALE During the last quarter of 2013, the Company decided to dispose of or lease the ESR equipment that was used in 2010 and 2011 to produce forged products for the high performance components market to a third party and negotiations took place last quarter of 2013 through March 2014. In March 2014, the Company entered into an operating lease agreement with an eight-year term commencing April 1, 2014, with a third party, whereby the lessee leases the ESR equipment from the Company for quarterly lease payments of 1,450,000 RMB, including value-added tax (approximately $236,000 per quarter). Accordingly, at December 31, 2013, the ESR equipment was reflected as equipment held for operating lease. The lessee stopped using the equipment and stopped paying rent in early 2015. The Company has not found and does not expect to find any potential buyer or other lessees in the next twelve months. Therefore, the Company reclassified the equipment held for operating lease to equipment held for sale on the accompanying consolidated balance sheets at December 31, 2015 and 2014. At December 31, 2015 and 2014, the Company evaluated the ESR equipment for impairment. The Company compared the estimated fair values of the equipment to its carrying value with impairment indicators and recorded an impairment charge for the excess of carrying value over fair value. For the years ended December 31, 2015 and 2014, the Company recorded an impairment loss on ESR equipment in the amount of $417,171 and $3,799,947, respectively. As of December 31, 2015 and 2014, the equipment held for sale amounted to $0 and $422,540, respectively. Equipment held for operating lease was depreciated over its estimated useful life starting from the operating lease commencement date, April 1, 2014 through December 31, 2014. Rental payments were recorded as rental income over the lease term as earned. The related depreciation on the equipment held for operating lease was recognized as a reduction of rental income on a straight-line basis. For the year ended December 31, 2014, the Company recorded rental income of $605,214 and recorded related depreciation on the equipment held for operating lease of $503,675, respectively, which were included in rental income, net, on the accompanying consolidated statements of income and comprehensive income.

NOTE 6 – EQUIPMENT HELD FOR SALE

During the last quarter of 2013, the Company decided to dispose of or lease the ESR equipment that was used in 2010 and 2011 to produce forged products for the high performance components market to a third party and negotiations took place last quarter of 2013 through March 2014. In March 2014, the Company entered into an operating lease agreement with an eight-year term commencing April 1, 2014, with a third party, whereby the lessee leases the ESR equipment from the Company for quarterly lease payments of 1,450,000 RMB, including value-added tax (approximately $236,000 per quarter). Accordingly, at December 31, 2013, the ESR equipment was reflected as equipment held for operating lease. The lessee stopped using the equipment and stopped paying rent in early 2015. The Company has not found and does not expect to find any potential buyer or other lessees in the next twelve months. Therefore, the Company reclassified the equipment held for operating lease to equipment held for sale on the accompanying consolidated balance sheets at December 31, 2015 and 2014. At December 31, 2015 and 2014, the Company evaluated the ESR equipment for impairment. The Company compared the estimated fair values of the equipment to its carrying value with impairment indicators and recorded an impairment charge for the excess of carrying value over fair value. For the years ended December 31, 2015 and 2014, the Company recorded an impairment loss on ESR equipment in the amount of $417,171 and $3,799,947, respectively. As of December 31, 2015 and 2014, the equipment held for sale amounted to $0 and $422,540, respectively.

Equipment held for operating lease was depreciated over its estimated useful life starting from the operating lease commencement date, April 1, 2014 through December 31, 2014. Rental payments were recorded as rental income over the lease term as earned. The related depreciation on the equipment held for operating lease was recognized as a reduction of rental income on a straight-line basis. For the year ended December 31, 2014, the Company recorded rental income of $605,214 and recorded related depreciation on the equipment held for operating lease of $503,675, respectively, which were included in rental income, net, on the accompanying consolidated statements of income and comprehensive income.