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8. TAXES PAYABLE
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
8. TAXES PAYABLE

 

Taxes payable consists of the following:
    As of December 31,
    2017   2016
         
Income tax payable 　 $ 433,000   $ 1,849,535
Natural resource tax     156,147     651,230
Value added tax payable     -     887,913
Land use tax payable     810,841     818,921
Other tax payables     74,604     133,732
Total current taxes payable   $ 1,474,592   $ 4,341,331
Non-current taxes payable     4,969,000     -
Total   $ 6,443,592   $ 4,341,331

 

The non-current taxes payable of $4,969,000 relates to the one-time mandatory transition tax on accumulated foreign earnings that are payable in the following periods (See Note 13(a)):

 

 Year ending December 31  
               
Current              
2018         $ 433,000  
Non-current              
2019  $  433,000          
2020   433,000          
2021   433,000          
2022   433,000          
2023 and after   3,237,000       4,969,000  
Total         $ 5,402,000