Accrued Expenses (Details) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Accrued Expenses [Abstract]
Accrued liability for claimed sale contract dispute	[1]	$ 5,562,365
Accrued salaries and related benefits		465,514	$ 693,700
Accrued professional fees		171,433	110,921
Other payables		161,767	254,958
Total accrued expenses		$ 6,361,079	$ 1,059,579

[1] In December 2015, the Company received a notice of contract termination in writing from its largest petroleum and chemical equipment segment customer alleging breach of contract for late delivery of product and for delivery of product with quality defects. Pursuant to the sales contract, the customer demanded payment of a penalty of 20% of the contract price plus penalties for late delivery and damages in the amounts of 36,103,640 RMB ($5,562,365 at December 31, 2015) which has been included in accrued expenses. In connection with this contingent liability, the Company recorded a loss from sales contract dispute of $5,806,778 which has been reflected in operating expenses on the accompanying statements of operations.