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Commitments | 6 Months Ended
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Jun. 30, 2018
Commitments [Abstract] |
COMMITMENTS | 20. COMMITMENTS Lease Commitment On November 20, 2017, Xi’an TCH entered a lease agreement for its office use for a lease term from December 1, 2017 through November 30, 2020. The monthly rent is RMB 36,536 ($5,600) with quarterly payment in advance. At June 30, 2018, the future annual rental payment is approximately $67,200, $67,200 and $28,000 for next three years up to expiration of the lese. For the six and three months ended June 30, 2018, the rental expense of Xi’an TCH was $33,600 and $16,800, respectively. For the six and three months ended June 30, 2017, the rental expense of Xi’an TCH was $118,413 and $59,348, respectively. Construction Commitment Refer to Note 1 for additional details related to lease commitments with Chengli, and Tianyu (and its subsidiaries Xuzhou Tian’an and Xuzhou Huayu), Note 8 for commitments on construction in progress.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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