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8. TAXES PAYABLE
 6 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
8. TAXES PAYABLE
Taxes payable consists of the following:

 

    June 30,   December 31,
    2018   2017
Income tax payable   $ 433,000     $ 433,000  
Natural resource tax     —       156,147  
Land use tax payable     1,616,741       810,841  
Other tax payables     —       74,604  
Total current taxes payable     2,049,741       1,474,592  
Non-current taxes payable     4,969,000       4,969,000  
Total   $ 7,018,741     $ 6,443,592  

   

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:

 

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 (See Note 12(a))             $ 5,402,000