Annual report pursuant to Section 13 and 15(d)

Condensed Parent Company Financial Information (Details 2)

v2.4.1.9
Condensed Parent Company Financial Information (Details 2) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 85,760,705us-gaap_NetIncomeLoss $ 99,046,456us-gaap_NetIncomeLoss $ 108,774,696us-gaap_NetIncomeLoss
Changes in operating assets and liabilities:      
Prepaid expenses 4,213,938us-gaap_IncreaseDecreaseInPrepaidExpense (1,925,477)us-gaap_IncreaseDecreaseInPrepaidExpense (218,759)us-gaap_IncreaseDecreaseInPrepaidExpense
Other receivables (156,606)us-gaap_IncreaseDecreaseInOtherReceivables 19,201us-gaap_IncreaseDecreaseInOtherReceivables 6,797,156us-gaap_IncreaseDecreaseInOtherReceivables
Accrued liabilities and other payables 1,019,221us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 3,583,989us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 777,587us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
NET CASH PROVIDED BY OPERATING ACTIVITIES 33,928,408us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 52,266,802us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 45,249,230us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES      
NET CASH USED IN INVESTING ACTIVITIES (35,862,379)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (336,512,660)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (77,351,498)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments made for dividend (790,550)us-gaap_PaymentsOfDividends      
Cash acquired in recapitalization    3,565,355pme_PaymentCashAcquiredInRecapitalization   
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,724,079us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 31,147,495us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 37,151,786us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET INCREASE (DECREASE) IN CASH 4,595,673us-gaap_CashPeriodIncreaseDecrease (163,766,761)us-gaap_CashPeriodIncreaseDecrease 57,719,020us-gaap_CashPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - beginning of year 8,156,599us-gaap_CashAndCashEquivalentsAtCarryingValue 171,923,360us-gaap_CashAndCashEquivalentsAtCarryingValue 114,204,340us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS - end of year 12,752,272us-gaap_CashAndCashEquivalentsAtCarryingValue 8,156,599us-gaap_CashAndCashEquivalentsAtCarryingValue 171,923,360us-gaap_CashAndCashEquivalentsAtCarryingValue
Parent [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 85,760,705us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
99,046,456us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
108,774,696us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
Adjustments to reconcile net income from operations to net cash provided by operating activities:      
Equity in earnings of VIEs (87,577,218)us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(101,271,882)us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(108,774,696)us-gaap_IncomeLossFromEquityMethodInvestments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
Changes in operating assets and liabilities:      
Prepaid expenses (1)us-gaap_IncreaseDecreaseInPrepaidExpense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(21,180)us-gaap_IncreaseDecreaseInPrepaidExpense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
Other receivables 33us-gaap_IncreaseDecreaseInOtherReceivables
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
     
Accrued liabilities and other payables (198,075)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
201,654us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
Due to related parties 23,352us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
     
NET CASH PROVIDED BY OPERATING ACTIVITIES (1,991,268)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(2,002,592)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
CASH FLOWS FROM INVESTING ACTIVITIES      
Investment payments to VIEs    (1,316,079)us-gaap_PaymentsToAcquireInvestments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
NET CASH USED IN INVESTING ACTIVITIES    (1,316,079)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash acquired from VIEs 584,983pme_CashAcquiredFromVies
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
     
Advances from related parties 2,350,000us-gaap_ProceedsFromCollectionOfAdvanceToAffiliate
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
     
Payments made for dividend 790,550us-gaap_PaymentsOfDividends
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
     
Cash acquired in recapitalization    3,565,355pme_PaymentCashAcquiredInRecapitalization
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,144,433us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
3,565,355us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
NET INCREASE (DECREASE) IN CASH 153,165us-gaap_CashPeriodIncreaseDecrease
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
246,684us-gaap_CashPeriodIncreaseDecrease
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  
CASH AND CASH EQUIVALENTS - beginning of year 246,684us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
     
CASH AND CASH EQUIVALENTS - end of year $ 399,849us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
$ 246,684us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember