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Property, Plant and Equipment, Net | 12 Months Ended
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Dec. 31, 2018
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | NOTE 9 – PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following:
|  | December 31, 2018 |  |  | December 31, 2017 |
Property and buildings |  | $ | 42,066,001 |  |  | $ | 28,336,864 |
Machinery and equipment |  |  | 4,210,500 |  |  |  | 4,041,418 |
Transportation vehicles |  |  | 979,549 |  |  |  | 925,945 |
Office and electronic equipment |  |  | 893,680 |  |  |  | 833,105 |
Subtotal |  |  | 48,149,730 |  |  |  | 34,137,332 |
Construction in progress (“CIP”) |  |  | 3,530 |  |  |  | 11,281,422 |
Less: accumulated depreciation |  |  | (6,771,037 | ) |  |  | (5,585,474 | )
Property and equipment, net |  | $ | 41,382,223 |  |  | $ | 39,833,280 |
As of December 31, 2018, The Company’s properties with an aggregate carrying value of approximately $1.2 million (RMB 8.6 million) has been used as collateral for the Company’s short-term loans (see Note 11). Depreciation expense was $1,584,973, $1,403,585 and $1,185,476 for the years ended December 31, 2018, 2017 and 2016, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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