XML 50 R37.htm IDEA: XBRL DOCUMENT v3.19.2
Loans Payable (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of reconciliation of repayment of HYREF loan (entrusted loan)

A reconciliation of repayment of HYREF loan (entrusted loan) by three Projects at June 30, 2019 was as following:

 

Transfer price for Chengli Project  $27,439,656   Entrusted loan payable at June 30, 2019, net with Xi’an TCH investment in entrusted loan  $48,293,016 
Transfer price for Xuzhou Huayu Project   17,455,306   Interest payable on entrusted loan at June 30, 2019   21,114,011 
Transfer price for Shenqiu Phase I and II Projects   18,483,134   Add back: Xi’an TCH investment in entrusted loan   10,909,567 
        Less: interest accrued from September 20, 2018 to June 30, 2019 due to cut-off date for interest calculation for repayment was September 20, 2018   (5,738,009)
        Less: portion of loan repayment due date extended to year 2023   (11,200,489)
   $63,378,096      $63,378,096