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Notes Receivables - Bank Acceptance
6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
NOTES RECEIVABLES - BANK ACCEPTANCE

3. NOTES RECEIVABLES – BANK ACCEPTANCE

 

From time to time, the Company has some notes receivables, 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. As of June 30, 2019 and December 31, 2018, the Company had outstanding notes receivable on-hand of $0.