XML 32 R9.htm IDEA: XBRL DOCUMENT

Notes Receivable - Bank Acceptance	12 Months Ended
Dec. 31, 2018
Receivables [Abstract]
NOTES RECEIVABLE - BANK ACCEPTANCE	3. NOTES RECEIVABLE – BANK ACCEPTANCE As of December 31, 2018 and 2017, the Company had outstanding notes receivable on-hand of $0 and $979,462, respectively, representing the commercial notes (also called bank acceptances) that were issued by customers to Erdos TCH and were honored by the applicable bank. Erdos TCH may hold a bank acceptance until the maturity for the full payment, have the bank acceptance cashed out from the bank at a discount at an earlier date, or transfer the bank acceptance to its vendors in lieu of payment.

Notes Receivable - Bank Acceptance

12 Months Ended

Dec. 31, 2018

3. NOTES RECEIVABLE – BANK ACCEPTANCE

As of December 31, 2018 and 2017, the Company had outstanding notes receivable on-hand of $0 and $979,462, respectively, representing the commercial notes (also called bank acceptances) that were issued by customers to Erdos TCH and were honored by the applicable bank. Erdos TCH may hold a bank acceptance until the maturity for the full payment, have the bank acceptance cashed out from the bank at a discount at an earlier date, or transfer the bank acceptance to its vendors in lieu of payment.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details