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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Summary of Financial Information Concerning Reportable Segments
Summarized financial information concerning the Company’s reportable segments is shown in the following table for the three and six months ended June 30, 2014 and 2013:
 
 
 
Three months ended June 30, 2014
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
1,553,641
 
$
-
 
$
1,553,641
 
- Services
 
 
43,832
 
 
-
 
 
43,832
 
Total operating revenues
 
 
1,597,473
 
 
-
 
 
1,597,473
 
Cost of revenues
 
 
1,492,399
 
 
-
 
 
1,492,399
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
105,074
 
 
-
 
 
105,074
 
Depreciation and amortization
 
 
208,252
 
 
-
 
 
208,252
 
Total assets
 
 
43,579,166
 
 
-
 
 
43,579,166
 
Expenditure for long-lived assets
 
$
104,669
 
$
-
 
$
104,669
 
 
 
 
Six months ended June 30, 2014
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
3,168,752
 
$
-
 
$
3,168,752
 
- Services
 
 
177,647
 
 
-
 
 
177,647
 
Total operating revenues
 
 
3,346,399
 
 
-
 
 
3,346,399
 
Cost of revenues
 
 
2,835,564
 
 
-
 
 
2,835,564
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
510,835
 
 
-
 
 
510,835
 
Depreciation and amortization
 
 
417,921
 
 
-
 
 
417,921
 
Total assets
 
 
43,579,166
 
 
-
 
 
43,579,166
 
Expenditure for long-lived assets
 
$
105,842
 
$
-
 
$
105,842
 
 
 
 
Three months ended June 30, 2014
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
1,420,387
 
$
-
 
$
1,420,387
 
- Services
 
 
55,029
 
 
-
 
 
55,029
 
Total operating revenues
 
 
1,475,416
 
 
-
 
 
1,475,416
 
Cost of revenues
 
 
1,044,491
 
 
-
 
 
1,044,491
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
430,925
 
 
-
 
 
430,925
 
Depreciation and amortization
 
 
211,743
 
 
-
 
 
211,743
 
Total assets
 
 
44,936,853
 
 
-
 
 
44,936,853
 
Expenditure for long-lived assets
 
$
723,100
 
$
-
 
$
723,100
 
 
 
 
Six months ended June 30, 2014
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
2,302,350
 
$
-
 
$
2,302,350
 
- Services
 
 
471,679
 
 
-
 
 
471,679
 
Total operating revenues
 
 
2,774,029
 
 
-
 
 
2,774,029
 
Cost of revenues
 
 
1,932,129
 
 
-
 
 
1,932,129
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
841,900
 
 
-
 
 
841,900
 
Depreciation and amortization
 
 
413,720
 
 
-
 
 
413,720
 
Total assets
 
 
44,936,853
 
 
-
 
 
44,936,853
 
Expenditure for long-lived assets
 
$
942,060
 
$
-
 
$
942,060
 
 
 
 
Three months ended June 30, 2014
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
1,553,641
 
$
-
 
$
1,553,641
 
- Services
 
 
43,832
 
 
-
 
 
43,832
 
Total operating revenues
 
 
1,597,473
 
 
-
 
 
1,597,473
 
Cost of revenues
 
 
1,492,399
 
 
-
 
 
1,492,399
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
105,074
 
 
-
 
 
105,074
 
Depreciation and amortization
 
 
208,252
 
 
-
 
 
208,252
 
Total assets
 
 
43,579,166
 
 
-
 
 
43,579,166
 
Expenditure for long-lived assets
 
$
104,669
 
$
-
 
$
104,669
 
 
 
 
Six months ended June 30, 2014
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
3,168,752
 
$
-
 
$
3,168,752
 
- Services
 
 
177,647
 
 
-
 
 
177,647
 
Total operating revenues
 
 
3,346,399
 
 
-
 
 
3,346,399
 
Cost of revenues
 
 
2,835,564
 
 
-
 
 
2,835,564
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
510,835
 
 
-
 
 
510,835
 
Depreciation and amortization
 
 
417,921
 
 
-
 
 
417,921
 
Total assets
 
 
43,579,166
 
 
-
 
 
43,579,166
 
Expenditure for long-lived assets
 
$
105,842
 
$
-
 
$
105,842
 
 
 
 
Three months ended June 30, 2013
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
1,420,387
 
$
-
 
$
1,420,387
 
- Services
 
 
55,029
 
 
-
 
 
55,029
 
Total operating revenues
 
 
1,475,416
 
 
-
 
 
1,475,416
 
Cost of revenues
 
 
1,044,491
 
 
-
 
 
1,044,491
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
430,925
 
 
-
 
 
430,925
 
Depreciation and amortization
 
 
211,743
 
 
-
 
 
211,743
 
Total assets
 
 
44,936,853
 
 
-
 
 
44,936,853
 
Expenditure for long-lived assets
 
$
723,100
 
$
-
 
$
723,100
 
 
 
 
Six months ended June 30, 2013
 
 
 
Heavy
manufacturing
business
 
Energy-saving
related business
 
Total
 
Operating revenues, net:
 
 
 
 
 
 
 
 
 
 
- Products
 
$
2,302,350
 
$
-
 
$
2,302,350
 
- Services
 
 
471,679
 
 
-
 
 
471,679
 
Total operating revenues
 
 
2,774,029
 
 
-
 
 
2,774,029
 
Cost of revenues
 
 
1,932,129
 
 
-
 
 
1,932,129
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
841,900
 
 
-
 
 
841,900
 
Depreciation and amortization
 
 
413,720
 
 
-
 
 
413,720
 
Total assets
 
 
44,936,853
 
 
-
 
 
44,936,853
 
Expenditure for long-lived assets
 
$
942,060
 
$
-
 
$
942,060