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Land Use Rights
12 Months Ended
Dec. 31, 2017
Land Use Rights [Abstract]  
LAND USE RIGHTS

Note 6 – LAND USE RIGHTS

 

    December 31,
2017
    December 31,
2016
 
Land use rights   $ 232,550     $ 117,094  
Accumulated depreciation     (21,527 )     (6,273 )
Land use rights, net   $ 211,023     $ 110,821  

  

During the years ended December 31, 2017, 2016 and 2015, amortization expense amounted to $14,283, $3,147 and $3,357, respectively. The Company expects to record amortization expense of $5,000, $5,000, $5,000, $5,000, $5,000 and $157,000 for 2018, 2019, 2020, 2021, 2022 and thereafter, respectively.

 

As of December 31, 2017 and 2016, land use right with net book values of $115,056 and $110,821, respectively, was pledged as collateral under certain loan arrangements (see Note 7).