XML 60 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions (Details Textual) - USD ($)
1 Months Ended 12 Months Ended
Jan. 05, 2016
Sep. 30, 2017
Dec. 25, 2015
Dec. 31, 2014
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Related Party Transactions (Textual)              
Loans to related party         $ 1,073,961 $ 3,503,190 $ 971,575
Repaid loans to related party         1,767,391 3,310,849 56
Due from related parties         361,961 35,842  
Sales to related parties         576,520    
Description of lease agreement     The Company entered into a lease agreement with Rongfeng Cui, to lease a 406.97 square meters office located at Room 1902 - 1903, Financial Square, 215 Zhuhai East Road, Jiaonan District, Qingdao City, China. The lease starts from January 1, 2016 with a term of two years. The lease payment is RMB180,000 (approximately $27,100) for the year ended December 31, 2016 and RMB190,800 (approximately $28,200) for the year ended December 31, 2017. The Company renewed the lease on January 1, 2018 with a lease term of three years. The annual lease payment is RMB190,800 (approximately $28,200) for the year ended December 31, 2018, RMB202,248 (approximately $29,900) for the year ended December 31, 2019 and RMB214,383 (approximately $31,700) for the year ended December 31, 2020.        
Operating expenses         8,029,708 5,924,198 3,345,769
Cost of revenues         20,283,321 17,368,249 12,289,773
Rongfeng Cui [Member]              
Related Party Transactions (Textual)              
Loans to related party         1,109,960 443,871 951,906
Repaid loans to related party         1,092,138 1,203,819 0
Due from related parties         $ 32,678  
Related party transaction, description         During the years ended December 31, 2017 and 2016, Rongfeng Cui collected overseas sales receivables on behalf of the Company in the amount of $194,062 and $113,774, among which $3,506 and $0 was transferred to the Company, respectively. During the year ended December 31, 2017 and 2016, due from Rongfeng Cui was settled with payables to Rongfeng Cui in the amount of $72,685, and $113,774, respectively. In addition, the Company, Rongfeng Cui and Yanjuan Wang agreed to settle the balance due from Rongfeng Cui with payables to Yanjuan Wang in the amount of $86,405.    
Payment expenses on behalf in amount         $ 59,790 41,859  
Description of lease agreement     The Company entered into a lease agreement with Rongfeng Cui, to lease a 133.19 square meters office located at Room 07E, Floor 7, Block B, Shilibao Jia #3, Chaoyang District, Beijing City, China. The lease starts from January 1, 2016 with a term of two years. The lease payment is RMB144,000 (approximately $23,100) per annum for the years ended December 31, 2016 and 2017. The Company renewed the lease on January 1, 2018 with a lease term of three years. The annual lease payment is RMB190,000 (approximately $28,100) for the year ended December 31, 2018, RMB201,400 (approximately $29,800) for the year ended December 31, 2019 and RMB213,484 (approximately $31,600) for the year ended December 31, 2020. The Company entered into a lease agreement with Rongfeng Cui, to lease a 136.8 square meters office space, located at Room 722, Block B, World Trade Center, Hongkong Zhong Road, Shinan District, Qingdao City, Shandong Province, China. The lease starts from January 1, 2015 with a term of three years. The lease payment is RMB12,000 (approximately $1,900) for the year ended December 31, 2015, RMB12,720 (approximately $1,900) for the year ended December 31, 2016 and RMB13,483 (approximately $2,000) for the year ended December 31, 2017. The Company renewed the lease on January 1, 2018 with a lease term of three years. The annual lease payment is RMB66,000 (approximately $9,800) for the year ended December 31, 2018, RMB69,960 (approximately $10,400) for the year ended December 31, 2019 and RMB74,158 (approximately $11,000) for the year ended December 31, 2020.      
Rongbing Cui [Member]              
Related Party Transactions (Textual)              
Description of lease agreement The Company entered into a lease agreement with Rongbing Cui, the CFO of the Company, to lease a 406.97 square meters office located at Room 1809, Financial Square, 215 Zhuhai East Road, Huangdao District, Qingdao City, China. The lease starts from January 1, 2016 with a term of three years. The lease payment is RMB140,000 (approximately $21,000) per annum.            
Yanjuan Wang [Member]              
Related Party Transactions (Textual)              
Repaid loans to related party         594,939 1,752,220  
Due from related parties         0 2,694,566  
Runrang Cui [Member]              
Related Party Transactions (Textual)              
Description of lease agreement       The Company entered into a lease agreement with Runrang Cui, CEO's father, to lease a 2,000 square meters factory, located at Big Cuijiazhuang Village, Zhangjialou Town, Huangdao District, Qingdao City, Shandong Province, China. The lease starts from January 1, 2015 with a term of three years. The lease payment is RMB36,000 (approximately $5,800) for the year ended December 31, 2015, RMB38,160 (approximately $5,700) for the year ended December 31, 2016 and RMB40,450 (approximately $6,000) for the year ended December 31, 2017. The Company renewed the lease on January 1, 2018 with a lease term of three years. The annual lease payment is RMB160,000 (approximately $23,700) for the year ended December 31, 2018, RMB169,600 (approximately $25,100) for the year ended December 31, 2019 and RMB179,776 (approximately $26,600) for the year ended December 31, 2020.      
Tide [Member]              
Related Party Transactions (Textual)              
Loans to related party         44 246,598 6,422
Repaid loans to related party         0 252,847 0
Due from related parties         46  
Like [Member]              
Related Party Transactions (Textual)              
Due from related parties             1,412,790
Consignment processing cost           490,388  
Payment expenses on behalf in amount           0  
Sales to related parties         506,495    
Corresponding cost         399,177    
Accounts payable to related parties         11,233    
Advance from customer         7,520    
Saike [Member]              
Related Party Transactions (Textual)              
Description of lease agreement   The Company signed a lease agreement with Saike to lease a 2,793.05 square meters plant located at 201 Shiqian Village, Ducun Town, Jiaozhou City, Shandong Province, China. The lease starts from September 11, 2017 to September 10, 2027. The annual rent is RMB120,000 (approximately $18,000) throughout the lease term.          
Kangkang Family [Member]              
Related Party Transactions (Textual)              
Due from related parties             $ 658,233
Purchased raw materials from related party         30,191 13,818  
Purchased raw materials from related party balance         31,354 0  
Finished goods purchased from related parties          
TDH Group BVBA [Member]              
Related Party Transactions (Textual)              
Loans to related party         444    
Repaid loans to related party         852 98,801  
Due from related parties         $ 329,237 35,842  
Related party transaction, description         During the year ended December 31, 2017 and 2016, TDH Group BVBA collected overseas sales receivables on behalf of the Company in the amount of $280,602 and $130,364, among which $852 and $94,552 was transferred back to the Company, respectively. In April 2018, TDH Group BVBA transferred additional $236,742 to the Company.    
Qingdao Yinhe Jiutian Information Technology Co., Ltd. ("Yinhe Jiutian") [Member]              
Related Party Transactions (Textual)              
Accounts payable to related parties         $ 120,020 111,139  
Purchased financial application software         5,059 138,943  
Zhenyu [Member]              
Related Party Transactions (Textual)              
Purchased raw materials from related party balance         924    
Finished goods purchased from related parties         163,127    
Cost of revenues         43,762    
Beijing Quanmin Chongai Information Technology Co., Ltd. ("Quanmin Chongai") [Member]              
Related Party Transactions (Textual)              
Loans to related party         272    
Kangkang Family Farm [Member]              
Related Party Transactions (Textual)              
Finished goods purchased from related parties         $ 740 $ 6,616