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CREDIT FACILITIES (Details) - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2019 | Dec. 31, 2018
Short-term bank loans | $ 5,819,787 | $ 3,125,681
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Aug. 31, 2020 |
Interest rate | 4.35% |
Collateral/ Guarantee | Secured by $5 million fixed deposit |
Short-term bank loans | $ 4,300,334 |
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2020 |
Interest rate | 5.88% |
Collateral/ Guarantee | Guarantee by Xiaodong Chen and Juanjuan Cai |
Short-term bank loans | $ 716,723 |
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2020 |
Interest rate | 5.88% |
Collateral/ Guarantee | Guarantee by PICC Property and Casualty Company Limited Xiamen Branch, Xiaodong Chen and Juanjuan Cai |
Short-term bank loans | $ 430,034 |
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2020 |
Interest rate | 5.88% |
Collateral/ Guarantee | Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai |
Short-term bank loans | $ 372,696 |
China Construction Bank [Member] |  |
Bank Name | China Construction Bank |
Maturities | Mar. 31, 2019 |
Interest rate | 5.71% |
Collateral/ Guarantee | Guarantee by Xiamen Jingyuan Finance Guarantee Co. Ltd |
Short-term bank loans |  | 944,973
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2019 |
Interest rate | 6.09% |
Collateral/ Guarantee | Guarantee by Xiaodong Chen, Juanjuan Cai and Yong Chen |
Short-term bank loans |  | 436,142
China Construction Bank [Member] |  |
Bank Name | China Construction Bank |
Maturities | Mar. 31, 2019 |
Interest rate | 5.71% |
Collateral/ Guarantee | Guarantee by Xiamen Jingyuan Finance Guarantee Co. Ltd |
Short-term bank loans |  | 1,090,354
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2019 |
Interest rate | 6.09% |
Collateral/ Guarantee | Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen Juanjuan Cai and Yong Chen |
Short-term bank loans |  | $ 654,212

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