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Loans (Details 2) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Advance from related parties |  | $ 407,831 | $ 399,149
Other short-term loans |  | 5,269,367 | 7,351,587
Advances from unrelated third party |  | 5,269,367 | 7,351,587
Mr. Xiangqian Li, the Company's Former CEO [Member] |  |  |
Advance from related parties | [1] | 100,000 | 100,000
Mr. Yunfei Li [Member] |  |  |
Advance from related parties | [2] | 218,943 | 212,470
Shareholders [Member] |  |  |
Advance from related parties | [3] | 88,888 | 86,679
Mr. Wenwu Yu [Member] |  |  |
Advances from unrelated third party | [4] | 30,903 | 30,135
Mr. Longqian Peng [Member] |  |  |
Advances from unrelated third party | [4] | 662,739 | 646,273
Mr. Shulin Yu. [Member] |  |  |
Advances from unrelated third party | [5] | 530,191 | 517,018
Jilin Province Trust Co. Ltd [Member] |  |  |
Advances from unrelated third party | [6] | 3,564,065 | 5,687,204
Suzhou Zhengyuanwei Needle Ce Co., Ltd [Member] |  |  |
Advances from unrelated third party | [7] | $ 73,638 | $ 71,808
[1] | Advances from Mr. Xiangqian Li, the Company's former CEO, was unsecured, non-interest bearing and repayable on demand.
[2] | Advances from Mr. Yunfei Li, the Company's CEO, was unsecured, non-interest bearing and repayable on demand.
[3] | The earnest money paid by certain shareholders in relation to share purchase (note 1) were unsecured, non-interest bearing and repayable on demand. In 2019, according to the investment agreements and agreed by the investors, the Company returned earnest money of $949,317 (approximately RMB6.7 million) to these investors.
[4] | Advances from unrelated third parties were unsecured, non-interest bearing and repayable on demand.
[5] | On June 25, 2019, the Company entered into a loan agreement with Mr. Shulin Yu, an unrelated party, to loan RMB3.6 million (approximately $0.5 million) for a term of one year, bearing annual interest of 10% which was guaranteed by Mr. Yunfei Li (the Company's CEO) and Mr. Wenwu Wang (the Company's former CFO). On June 22, 2020, the Company and Mr. Shulin Yu entered into a supplemental agreement to extend the loan for one year to June 24, 2021. As of September 30, 2020, the Company borrowed RMB3.6 million (approximately $0.5 million).
[6] | In January 2019, the Company obtained one-year term facilities from Jilin Province Trust Co. Ltd. with a maximum amount of RMB40.0 million (approximately $5.9 million), which was secured by land use rights and buildings of Eodos Liga Energy Co., Ltd. Under the facilities, the Company borrowed a total of RMB39.6 million ($5.7 million) in 2019, bearing annual interest from 11.3% to 11.6%. The Company fully repaid the loan principal and accrued interest in March 2020. In March 2020, the Company obtained additional one-year term facilities from Jilin Province Trust Co. Ltd with a maximum amount of RMB40.0 million (approximately $5.9 million), which was secured by land use rights and buildings of Eodos Liga Energy Co., Ltd. Under the facilities, the Company borrowed RMB24.2 million ($3.6 million) on March 13, 2020, bearing annual interest of 13.5%.
[7] | In 2019, the Company entered into a short term loan agreement with Suzhou Zhengyuanwei Needle Ce Co., Ltd, an unrelated party to loan RMB0.6 million (approximately $0.1 million), bearing annual interest rate of 12%. As of September 30, 2020, loan amount of RMB0.5 million ($73,638) remained outstanding.

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