2014 Q4 Form 10-Q Financial Statement
#000114420414068155 Filed on November 14, 2014
Income Statement
Concept | 2014 Q4 | 2013 Q3 |
---|---|---|
Revenue | $3.690M | $1.336M |
YoY Change | 136.54% | -23.66% |
Cost Of Revenue | $3.600M | $913.8K |
YoY Change | 179.07% | -36.98% |
Gross Profit | $90.00K | $422.1K |
YoY Change | -67.86% | 40.7% |
Gross Profit Margin | 2.44% | 31.6% |
Selling, General & Admin | $650.0K | $156.4K |
YoY Change | 51.16% | -21.82% |
% of Gross Profit | 722.22% | 37.04% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $210.0K | $191.4K |
YoY Change | 0.0% | 3.59% |
% of Gross Profit | 233.33% | 45.33% |
Operating Expenses | $650.0K | $156.4K |
YoY Change | 51.16% | -21.82% |
Operating Profit | -$560.0K | $265.7K |
YoY Change | 273.33% | 165.75% |
Interest Expense | -$70.00K | $281.8K |
YoY Change | 16.67% | -413.12% |
% of Operating Profit | 106.04% | |
Other Income/Expense, Net | $180.0K | -$281.4K |
YoY Change | ||
Pretax Income | -$460.0K | -$15.68K |
YoY Change | 119.05% | -256.82% |
Income Tax | $0.00 | $9.580K |
% Of Pretax Income | ||
Net Earnings | -$460.0K | -$25.26K |
YoY Change | 109.09% | |
Net Earnings / Revenue | -12.47% | -1.89% |
Basic Earnings Per Share | $0.00 | |
Diluted Earnings Per Share | -$80.42K | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 5.719M shares | 5.471M shares |
Diluted Shares Outstanding | 5.471M shares |
Balance Sheet
Concept | 2014 Q4 | 2013 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.300M | $1.080M |
YoY Change | 27.45% | -61.15% |
Cash & Equivalents | $1.304M | $1.075M |
Short-Term Investments | ||
Other Short-Term Assets | $2.810M | $2.620M |
YoY Change | -8.47% | -16.29% |
Inventory | $5.623M | $2.920M |
Prepaid Expenses | $141.1K | |
Receivables | $8.352M | $6.750M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $18.84M | $13.36M |
YoY Change | 50.8% | -28.52% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $14.04M | $27.00M |
YoY Change | -4.58% | 15.04% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $29.47M | $30.11M |
YoY Change | -2.38% | 13.45% |
TOTAL ASSETS | ||
Total Short-Term Assets | $18.84M | $13.36M |
Total Long-Term Assets | $29.47M | $30.11M |
Total Assets | $48.30M | $43.47M |
YoY Change | 13.19% | -3.89% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $5.810M | $1.300M |
YoY Change | 433.03% | -43.72% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $8.450M | $9.100M |
YoY Change | 23.01% | -13.42% |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $16.97M | $11.66M |
YoY Change | 56.98% | -25.26% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $16.97M | $11.66M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $16.97M | $11.66M |
YoY Change | 56.98% | -25.26% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $9.893M | |
YoY Change | 1.96% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $31.33M | $31.81M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $48.30M | $43.47M |
YoY Change | 13.19% | -3.89% |
Cashflow Statement
Concept | 2014 Q4 | 2013 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$460.0K | -$25.26K |
YoY Change | 109.09% | |
Depreciation, Depletion And Amortization | $210.0K | $191.4K |
YoY Change | 0.0% | 3.59% |
Cash From Operating Activities | -$340.0K | $130.0K |
YoY Change | -141.98% | -116.67% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$40.00K | -$20.00K |
YoY Change | -66.67% | -33.33% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $0.00 |
YoY Change | ||
Cash From Investing Activities | -$40.00K | -$20.00K |
YoY Change | -63.64% | -33.33% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 980.0K | 20.00K |
YoY Change | -227.27% | -97.47% |
NET CHANGE | ||
Cash From Operating Activities | -340.0K | 130.0K |
Cash From Investing Activities | -40.00K | -20.00K |
Cash From Financing Activities | 980.0K | 20.00K |
Net Change In Cash | 600.0K | 130.0K |
YoY Change | -957.14% | -750.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$340.0K | $130.0K |
Capital Expenditures | -$40.00K | -$20.00K |
Free Cash Flow | -$300.0K | $150.0K |
YoY Change | -132.26% | -120.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; PADDING-BOTTOM: 0in; BORDER-TOP-COLOR: #000000; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: top; BORDER-LEFT-COLOR: #000000; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"> ·</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 95%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="95%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">Use of estimates</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2014Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5719147 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5619147 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2014Q3 | nfec |
Percentage Of Accounts Receivable Recovered
PercentageOfAccountsReceivableRecovered
|
0.08 | pure |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5619147 | shares |
CY2014Q3 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
7012411 | USD |
CY2014Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5719147 | shares |
CY2014Q3 | nfec |
Percentage Of Ownership Interests
PercentageOfOwnershipInterests
|
0.99 | pure |
nfec |
Value Added Tax Rate
ValueAddedTaxRate
|
0.17 | pure | |
CY2014Q3 | us-gaap |
Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
|
0.01 | pure |
us-gaap |
Depreciation
Depreciation
|
572046 | USD | |
us-gaap |
Depreciation
Depreciation
|
576721 | USD | |
CY2013Q3 | us-gaap |
Depreciation
Depreciation
|
191353 | USD |
CY2014Q3 | us-gaap |
Depreciation
Depreciation
|
192385 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
67040 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
67040 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
67040 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
67040 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
67040 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
2698363 | USD |
CY2014Q3 | nfec |
Percentage Of Income Tax Examination Minimum Likelihood Of Tax Benefits Being Realized Upon Settlement
PercentageOfIncomeTaxExaminationMinimumLikelihoodOfTaxBenefitsBeingRealizedUponSettlement
|
0.5 | pure |
CY2013Q3 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
6.1514 | pure |
CY2014Q3 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
6.1560 | pure |
nfec |
Weighted Average Exchange Rate
WeightedAverageExchangeRate
|
6.1502 | pure | |
nfec |
Weighted Average Exchange Rate
WeightedAverageExchangeRate
|
6.2215 | pure | |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
31961 | USD |
CY2014Q3 | nfec |
Accounts And Retention Receivable Net
AccountsAndRetentionReceivableNet
|
7656485 | USD |
CY2013Q4 | nfec |
Accounts And Retention Receivable Net
AccountsAndRetentionReceivableNet
|
5750069 | USD |
CY2014Q3 | us-gaap |
Area Of Land
AreaOfLand
|
81561 | acre |
CY2014Q3 | nfec |
Percentage For Smelting Equipment
PercentageForSmeltingEquipment
|
0.25 | pure |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
3283783 | USD | |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
6076053 | USD | |
CY2013Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
981433 | USD |
CY2014Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
2035094 | USD |
us-gaap |
Cost Of Services
CostOfServices
|
540746 | USD | |
us-gaap |
Cost Of Services
CostOfServices
|
160670 | USD | |
CY2013Q3 | us-gaap |
Cost Of Services
CostOfServices
|
251744 | USD |
CY2014Q3 | us-gaap |
Cost Of Services
CostOfServices
|
22819 | USD |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
2845964 | USD | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
4893477 | USD | |
CY2013Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
913835 | USD |
CY2014Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2057913 | USD |
us-gaap |
Gross Profit
GrossProfit
|
1264011 | USD | |
CY2013Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
5283935 | USD |
CY2014Q3 | nfec |
Retention Receivable Cost
RetentionReceivableCost
|
675817 | USD |
CY2013Q4 | nfec |
Retention Receivable Cost
RetentionReceivableCost
|
498095 | USD |
CY2014Q3 | nfec |
Accounts And Retention Receivable Gross
AccountsAndRetentionReceivableGross
|
7688228 | USD |
CY2013Q4 | nfec |
Accounts And Retention Receivable Gross
AccountsAndRetentionReceivableGross
|
5782030 | USD |
CY2014Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
31743 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
2907301 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
826192 | USD | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
214293 | USD | |
CY2013Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
354513 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
36646 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
4109975 | USD | |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6290346 | USD | |
CY2013Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1335946 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2943947 | USD |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
2305218 | USD | |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
4732807 | USD | |
CY2013Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
662091 | USD |
us-gaap |
Gross Profit
GrossProfit
|
1396869 | USD | |
CY2013Q3 | us-gaap |
Gross Profit
GrossProfit
|
422111 | USD |
CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
886034 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
90637 | USD | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
45399 | USD | |
CY2013Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
29432 | USD |
CY2014Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
15476 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
636262 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1167085 | USD | |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
126932 | USD |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
389391 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
726899 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1212484 | USD | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
156364 | USD |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
404867 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
537112 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
184385 | USD | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
265747 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
481167 | USD |
us-gaap |
Other Income
OtherIncome
|
36356 | USD | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
281811 | USD |
us-gaap |
Other Income
OtherIncome
|
6520 | USD | |
CY2013Q3 | us-gaap |
Other Income
OtherIncome
|
148 | USD |
CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
958 | USD |
us-gaap |
Interest Expense
InterestExpense
|
499043 | USD | |
CY2014Q3 | us-gaap |
Other Income
OtherIncome
|
6386 | USD |
us-gaap |
Interest Expense
InterestExpense
|
315475 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
4782 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
32625 | USD | |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
234 | USD |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
106106 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-457905 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-276330 | USD | |
CY2013Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-281429 | USD |
CY2014Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-98762 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
79207 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-91945 | USD | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-15682 | USD |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
382405 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
42687 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
64841 | USD | |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9580 | USD |
CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
54721 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
36520 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-156786 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-25262 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
327684 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
884751 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-232656 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
202078 | USD |
CY2014Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
8481 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
921271 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-389442 | USD | |
CY2013Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
176816 | USD |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
336165 | USD |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | ||
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.06 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5436710 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5656096 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5470795 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5708158 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5436710 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5656096 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5470795 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5708158 | shares |
CY2013Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.06 | pure |
CY2014Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.06 | pure |
CY2014Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
133003 | USD |
CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
220246 | USD |
CY2014Q3 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
266366 | USD |
CY2013Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
98435 | USD |
CY2014Q3 | nfec |
Value Added Taxes Payable Current
ValueAddedTaxesPayableCurrent
|
11864 | USD |
CY2013Q4 | nfec |
Value Added Taxes Payable Current
ValueAddedTaxesPayableCurrent
|
71948 | USD |
CY2014Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
200000 | USD |
CY2013Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
200000 | USD |
CY2014Q3 | nfec |
Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
|
372953 | USD |
CY2013Q4 | nfec |
Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
|
258033 | USD |
CY2014Q3 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
719 | USD |
CY2013Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
46 | USD |
CY2014Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
84446 | USD |
CY2013Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
75808 | USD |
nfec |
Income Before Income Taxes
IncomeBeforeIncomeTaxes
|
179785 | USD | |
nfec |
Income Before Income Taxes
IncomeBeforeIncomeTaxes
|
314555 | USD | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure | |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
44946 | USD | |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
78639 | USD | |
us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
36122 | USD | |
us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
-17652 | USD | |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-38381 | USD | |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
3854 | USD | |
nfec |
Operating Loss Carry Forwards Expiration Years
OperatingLossCarryForwardsExpirationYears
|
2033 | ||
CY2014Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
3298675 | USD |
CY2014Q3 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
1121550 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
621797 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
627048 | USD | |
CY2013Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
208077 | USD |
CY2014Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
209127 | USD |
CY2013Q3 | us-gaap |
Assets
Assets
|
43469118 | USD |
nfec |
Expenditures For Long Lived Assets
ExpendituresForLongLivedAssets
|
964972 | USD | |
nfec |
Expenditures For Long Lived Assets
ExpendituresForLongLivedAssets
|
298927 | USD | |
CY2013Q3 | nfec |
Expenditures For Long Lived Assets
ExpendituresForLongLivedAssets
|
22912 | USD |
CY2014Q3 | nfec |
Expenditures For Long Lived Assets
ExpendituresForLongLivedAssets
|
298927 | USD |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
16699 | USD | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
0 | USD | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
0 | USD | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
94052 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
34548 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-983163 | USD | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
1947472 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1660009 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1842510 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-397744 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-151601 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-113068 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2020968 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
41190 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
58937 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-273139 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
148760 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
76949 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-655152 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1137 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
77061 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
157581 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD | |
us-gaap |
Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
|
963835 | USD | |
us-gaap |
Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
|
221866 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-807391 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-298927 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-1125127 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
0 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
1603145 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
7109999 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
5203057 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
5706001 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
4552675 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1324274 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
650382 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
58510 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-6285 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1996206 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-309982 | USD | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3071367 | USD |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
NF Energy Saving Corp | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001213660 | ||
CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1075161 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1585 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
5797 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
450468 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
247975 | USD | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
994836 | USD | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
0 | USD | |
CY2014Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
5520000 | USD |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
190250 | USD | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Trading Symbol
TradingSymbol
|
NFEC | ||
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5719147 | shares |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
190250 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
60600 | USD | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; WIDTH: 14%"> <div><font style="FONT-SIZE: 10pt"><b>NOTE - 1</b></font></div> </td> <td style="TEXT-ALIGN: justify; WIDTH: 86%"> <div><font style="FONT-SIZE: 10pt"><b>BASIS OF PRESENTATION</b></font></div> </td> </tr> </table>   <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">In the opinion of management, the consolidated balance sheet as of December 31, 2013 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the period ended September 30, 2014 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2014 or for any future period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 20<font style="FONT-SIZE: 10pt">13.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2014Q3 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
5919725 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; WIDTH: 14%"> <div><font style="FONT-SIZE: 10pt"><b>NOTE - 2</b></font></div> </td> <td style="TEXT-ALIGN: justify; WIDTH: 86%"> <div><font style="FONT-SIZE: 10pt"><b>ORGANIZATION AND BUSINESS BACKGROUND</b></font></div> </td> </tr> </table>   <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> NF Energy Saving Corporation (the “Company” or “NFEC”) was incorporated in the State of Delaware in the name of Galli Process, Inc. on October 31, 2000. On February 7, 2002, the Company changed its name to “Global Broadcast Group, Inc.” On November 12, 2004, the Company changed its name to “Diagnostic Corporation of America.” On March 15, 2007, the Company changed its name to “NF Energy Saving Corporation of America.” On August 24, 2009, the Company further changed its name to “NF Energy Saving Corporation.”</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company, through its subsidiaries, mainly engages in the production of heavy industrial components and products such as valves and the provision of technical service and re-engineering projects in the energy saving related industry in the People’s Republic of China (the “PRC”). All the customers are located in the PRC.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Description of subsidiaries</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <table style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; LINE-HEIGHT: 115%; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: #000000; BORDER-RIGHT: #000000" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">Name</font></div> </td> <td style="PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">Place of incorporation<br/> and kind of</font></div> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">legal entity</font></div> </td> <td style="PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">Principal activities<br/> and place of operation</font></div> </td> <td style="PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">Particulars of</font></div> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">issued/<br/> registered share</font></div> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">capital</font></div> </td> <td style="PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"> Effective</font></div> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"> interest</font></div> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">held</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000; TEXT-ALIGN: left; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"></font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">   </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"> </font> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; WIDTH: 19%; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="top" width="19%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">Liaoning Nengfa Weiye Energy Technology Co. Ltd (“Nengfa Energy”)</font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="top" width="2%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; WIDTH: 19%; PADDING-RIGHT: 0in; BORDER-TOP: #000000; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="top" width="19%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The PRC, a limited liability company<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="2%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; WIDTH: 18%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="18%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Production of a variety of industrial valve components which are widely used in water supply and sewage system, coal and gas fields, power generation stations, petroleum and chemical industries in the PRC<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="2%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">  </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="2%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">US$</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; WIDTH: 18%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="18%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="right"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 5,000,000</font></font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="2%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; WIDTH: 18%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="18%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="right"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100</font>%</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #ffffff"> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 0in; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">Liaoning Nengfa Weiye Tei Fa Sales Co., Ltd. (“Sales Company”)</font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000; BORDER-LEFT: #000000; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; BORDER-RIGHT: #000000; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The PRC, a limited liability company (under deregistration process)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Sales and marketing of valves components and products in the PRC<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">RMB</font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="right"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5,000,000</font></font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-LEFT: 1.4pt; BACKGROUND-ATTACHMENT: scroll; PADDING-RIGHT: 0in; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="right"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">99</font>%<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">NFEC and its subsidiaries are hereinafter referred to as (the “Company”).</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2014Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1051118 | USD |
CY2013Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
360464 | USD |
CY2014Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1024664 | USD |
CY2013Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
681489 | USD |
CY2014Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2394882 | USD |
CY2013Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1605994 | USD |