SEGMENT REPORTING (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2014

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

		Paper cartons and other paper				Corrugating medium paper						Elimination of inter-segment						Total
		products
												Three Months Ended						Three Months Ended September
		Three Months Ended September 30				Three Months Ended September 30						September 30						30
		2014		2013		2014			2013			2014			2013			2014		2013
Revenues	$	36,674,258	$	34,058,017	$	12,012,553		$	6,968,377		$	(1,414,111	)	$	(1,097,336	)	$	47,272,700	$	39,929,058
Depreciation & amortization		1,072,923		1,063,435		856,270			773,736			-			-			1,929,193		1,837,171
Interest revenue		65,867		151,237		282			555			-			-			66,149		151,792
Interest expense		84,602		161,088		228,347			87,039			-			-			312,949		248,127
Income tax expense (benefit)		632,773		528,739		(458,064	)		(367,518	)		-			-			174,709		161,221
Profit (loss)		2,719,932		1,670,251		(1,440,879	)		(1,167,939	)		-			-			1,279,053		502,312
Capital expenditure		4,864,533		900,424		505,223			(500,570	)		-			-			5,369,756		399,854
Total assets		137,715,525		153,328,121		54,257,343			49,478,249			(20,781,333	)		(33,422,396	)		171,191,535		169,383,974

		Paper cartons and other paper				Corrugating medium paper						Elimination of inter-segment						Total
		products
												Nine Months Ended September						Nine Months Ended September
		Nine Months Ended September 30				Nine Months Ended September 30						30						30
		2014		2013		2014			2013			2014			2013			2014		2013
Revenues	$	92,692,677	$	93,975,576	$	32,093,978		$	7,631,067		$	(7,986,438	)	$	(1,097,336	)	$	116,800,217	$	100,509,307
Depreciation & amortization		3,151,810		3,164,903		2,690,816			1,136,969			-			-			5,842,626		4,301,872
Interest revenue		606,559		354,286		1,032			2,054			-			-			607,591		356,340
Interest expense		382,245		416,990		609,312			145,358			-			-			991,557		562,348
Income tax expense (benefit)		1,570,991		1,391,552		(1,216,479	)		(687,275	)		-			-			354,512		704,277
Profit (loss)		5,601,441		4,231,198		(3,848,032	)		(2,127,211	)		-			-			1,753,409		2,103,987
Capital expenditure		5,913,711		1,360,866		2,658,073			2,324,315			-			-			8,571,784		3,685,181
Total assets		137,715,525		153,328,121		54,257,343			49,478,249			(20,781,333	)		(33,422,396	)		171,191,535		169,383,974