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Commitments
6 Months Ended
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.