XML 25 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Summary of Significant Accounting Policies (Details Narrative) (USD $)
0 Months Ended 3 Months Ended 6 Months Ended
Mar. 16, 2007
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Jun. 30, 2014
Credit period to customers, description      

The Company does offer credit to certain customers for periods of 60 days and 90 days

   
Description of provision for all accounts receivable      

To reserve for potentially uncollectible accounts receivable, management has made a 50% provision for all accounts receivable that are over 180 days past due and full provision for all accounts receivable over 1 year past due.

   
Percentage of provision for all accounts receivable       50.00%CPSL_ProvisionForAllAccountsReceivablePercentage    
Allowances for doubtful accounts   $ 7,340,278us-gaap_AllowanceForDoubtfulAccountsReceivable   $ 7,340,278us-gaap_AllowanceForDoubtfulAccountsReceivable   $ 4,932,970us-gaap_AllowanceForDoubtfulAccountsReceivable
Provision for accounts receivable bad debts   1,135,831us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs 6,262,274us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs 2,912,174us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs 11,327,712us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs  
Provision on inventory       2,067,538us-gaap_InventoryWriteDown 950,643us-gaap_InventoryWriteDown  
Allowances of advances to suppliers   4,798,008CPSL_AllowanceForAdvancesToSuppliersCurrent   4,798,008CPSL_AllowanceForAdvancesToSuppliersCurrent   3,836,107CPSL_AllowanceForAdvancesToSuppliersCurrent
Provision for advances to suppliers bad debts      284,558CPSL_ProvisionForAdvancesAndDoubtfulDebtsFromSuppliers 972,143CPSL_ProvisionForAdvancesAndDoubtfulDebtsFromSuppliers 340,897CPSL_ProvisionForAdvancesAndDoubtfulDebtsFromSuppliers  
Capitalized interest on construction in progress   0us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest 0us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest 0us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest 0us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest  
United States federal income tax rate       34.00%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes    
Percentage of unified enterprise income tax rate 25.00%CPSL_EnterpriseIncomeTaxPercentage          
Foreign invested entities tax holiday percentage of reduction 25.00%CPSL_ForeignInvestedEntitiesTaxHolidayPercentageOfReduction          
Percentage of value added tax rate on good sold       13.00%CPSL_PercentageOfValueAddedTaxRateOnGoodSold    
Percentage of value added tax rate on service provided       17.00%CPSL_PercentageOfValueAddedTaxRateOnServiceProvided    
Retirement benefit costs contribution, percentage       45.50%CPSL_RetirementBenefitCostsContributionPercentage    
Percentage of employee contribution on retirement benefit costs       10.50%CPSL_PercentageOfEmployeeContributionOnRetirementBenefitCosts    
Percentage employer contribution on retirement benefit costs       35.00%CPSL_PercentageEmployerContributionOnRetirementBenefitCosts    
Pension expense       $ 175,135us-gaap_PensionExpense $ 151,514us-gaap_PensionExpense  
Minimum [Member]            
Percentage of require advance from customer on sales contract       20.00%CPSL_PercentageOfRequireAdvanceFromCustomerOnSalesContract
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Maximum [Member]            
Percentage of require advance from customer on sales contract       30.00%CPSL_PercentageOfRequireAdvanceFromCustomerOnSalesContract
/ us-gaap_RangeAxis
= us-gaap_MaximumMember