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Loans Payable (Details Textual)
0 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended
Jul. 15, 2013
Jun. 30, 2014
USD ($)
Jun. 30, 2013
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2013
USD ($)
Dec. 31, 2013
USD ($)
Jun. 30, 2014
Rural Credit Union of Xushui County [Member]
USD ($)
Dec. 31, 2013
Rural Credit Union of Xushui County [Member]
USD ($)
Jun. 30, 2014
Term Loan [Member]
Rural Credit Union of Xushui County [Member]
USD ($)
Dec. 31, 2013
Term Loan [Member]
Rural Credit Union of Xushui County [Member]
USD ($)
Jun. 30, 2014
New term loan agreement [Member]
Rural Credit Union of Xushui County [Member]
USD ($)
Dec. 31, 2013
New term loan agreement [Member]
Rural Credit Union of Xushui County [Member]
USD ($)
Jun. 30, 2014
Lease financing agreement [Member]
USD ($)
Sep. 02, 2013
ICBC Loan 1 [Member]
Sep. 02, 2013
ICBC Loan 1 [Member]
June 5, 2014 [Member]
USD ($)
Sep. 02, 2013
ICBC Loan 1 [Member]
August 15, 2014 [Member]
USD ($)
Jun. 30, 2014
ICBC Loan 1 [Member]
Factoring Facility [Member]
USD ($)
Dec. 31, 2013
ICBC Loan 1 [Member]
Factoring Facility [Member]
USD ($)
Jun. 30, 2014
ICBC Loan 2 [Member]
Factoring Facility [Member]
USD ($)
Dec. 31, 2013
ICBC Loan 2 [Member]
Factoring Facility [Member]
USD ($)
Jun. 30, 2014
ICBC Loan 3 [Member]
Factoring Facility [Member]
USD ($)
Dec. 31, 2013
ICBC Loan 3 [Member]
Factoring Facility [Member]
USD ($)
Jun. 30, 2014
ICBC Loan 4 [Member]
Factoring Facility [Member]
USD ($)
Dec. 31, 2013
ICBC Loan 4 [Member]
Factoring Facility [Member]
USD ($)
Jun. 16, 2013
China National Foreign Trade Financial & Leasing Co. [Member]
Lease financing agreement [Member]
USD ($)
Jun. 16, 2013
China National Foreign Trade Financial & Leasing Co. [Member]
Lease financing agreement [Member]
CNY
Jun. 30, 2014
China National Foreign Trade Financial & Leasing Co. [Member]
Collateral Agreement [Member]
USD ($)
sqm
Loans Payable (Textual)                                                      
Unpaid balance of short term debt   $ 8,126,381   $ 8,126,381   $ 6,544,288                     $ 3,250,553 [1] $ 4,090,180 [1] $ 812,638 [2] $ 818,036 [2] $ 1,625,276 [3] $ 1,636,072 [3] $ 2,437,914 [4]    [4]      
Short-term bank loans, fixed interest rate                           6.90%         6.60%   6.60%   6.60%        
Short-term bank loans interest rate as percentage of prime rate                           115.00%         110.00%   1.00%   110.00%        
Loan, maturity date                                     Aug. 04, 2014   Oct. 21, 2014   Jun. 25, 2015        
Loan paid off date                             Jun. 05, 2014 Aug. 15, 2014                      
Notes payable   12,904,694   12,904,694   4,908,216                 813,921 3,250,553                      
Accounts receivable   3,478,794   3,478,794   3,327,494                                          
Average short-term borrowing rates   6.78% 6.60% 6.78% 6.60%                                            
Outstanding loan balance of credit union   1,600,897   1,600,897                                              
Loans from credit union   5,761,604   5,761,604   4,253,788 5,875,373 5,914,401   1,611,531 4,274,476 4,302,870                              
Long-term debt, Interest rate per month             0.72%   0.72%   0.72% 0.72%                              
Security loan agreement by manufacturing equipment   18,501,809   18,501,809   21,901,456                                          
Current portion of long-term loans from credit union   113,769   113,769   1,660,613   1,611,531 1,600,897   65,011 49,082                              
Interest expense for the short-term bank loans and long-term loans   232,141 193,829 470,726 384,377                                            
Total financing proceeds                                                 24,000,000 150,000,000  
Proceeds from sale of paper manufacturing equipment to leasing company          24,158,461                                       24,000,000 150,000,000  
Nominal purchase price                                                 2,400 15,000  
Lease service charge       Equal to 5.55% of the amount financed.                                              
Implicit interest rate                                                 6.15% 6.15%  
Stated capital lease                                                 25,750,170    
Long-term obligations under capital lease   8,140,518   8,140,518   12,296,639                                          
Current obligations under capital lease   8,190,597   8,190,597   8,264,795                                          
Deferred gain on sale of leased equipment   922,092   922,092   1,160,271             1,379,282                            
Assets pledged for the guarantee of Orient Paper HB's capital lease   34,511,101   34,511,101   36,134,038                                          
Value of land use right pledged for sale-leaseback financing   7,376,183   7,376,183   7,502,794                                         7,376,183
Land collateral for capital lease                                                     58,566
Loan extension period 5 years                                                    
Installment repayment description Between December 21, 2013 and July 26, 2018.               The loan balance would be repayable by various installments through June 21, 2014 to November 18, 2018.                                    
Total interest expenses for the sale-leaseback arrangement   247,795 60,454 509,228 60,454                                            
Interest Portion of Minimum Lease Payments, Sale Leaseback Transactions   $ 1,350,000   $ 1,350,000                                              
[1] On September 2, 2013, the Company entered into a working capital loan agreement with the ICBC for $3,250,553 and $4,090,180 as of June 30, 2014 and December 31, 2013, respectively, for which $813,921 was paid on June 5, 2014 and $3,250,553 is payable on August 15, 2014. The loan bears an interest rate of 115% over the primary lending rate of the People's Bank of China and was at 6.9% per annum at the time of funding. Concurrent with the signing of the working capital loan agreement, the Company also entered into an agreement with the ICBC, which provides account management services to the Company during the terms of the underlying loan. The working capital loan is guaranteed by Hebei Fangsheng Real Estate Development Co. Ltd. ("Hebei Fangsheng") with the land use right on our Headquarters Compound pledged by Hebei Fangsheng as collateral for the benefit of the bank. The land use right on our Headquarters Compound was acquired by Hebei Fangsheng from the Company on August 9, 2013 (see Note (10) for the related party transaction). Hebei Fangsheng is controlled by the Company's Chairman and CEO Mr. Zhenyong Liu.
[2] On September 6, 2013, the Company obtained a new accounts receivable factoring facility from the ICBC for $812,638 and $818,036 as of June 30, 2014 and December 31, 2013, respectively. Under the factoring agreement, the bank has recourse against the Company if the receivables, which remain in the Company's books at all times, are not fully collected. The factoring facility will expire on August 4, 2014 and bears an interest rate of 110% of the primary lending rate of the People's Bank of China and was at 6.6% per annum at the time of funding. Concurrent with the signing of the new factoring agreement, the Company also entered into a financial service agreement with the ICBC, which provides accounts receivable management services to the Company during the terms of the underlying factoring facility. The factoring facility is personally guaranteed by the Company's Chairman and CEO Mr. Zhenyong Liu.
[3] On December 3, 2013, the Company obtained from the ICBC an accounts receivable factoring facility with a maximum credit limit of $1,625,276 and $1,636,072 as of June 30, 2014 and December 31, 2013, respectively. Under the factoring agreement, the bank has recourse against the Company if the receivables, which remain in the Company's books at all times, are not fully collected. The term of the factoring facility expires on October 21, 2014 and carries an interest rate of 6.6% per annum, or 1.0% plus the prime rate for the loan set forth by the People's Bank of China at the time of funding. The unpaid balance of the loan was in the amount of $1,625,276 as of June 30, 2014.
[4] On June 26, 2014, the Company obtained a new accounts receivable factoring facility from the ICBC for $2,437,914 as of June 30, 2014. Under the factoring agreement, the bank has recourse against the Company if the receivables, which remain in the Company's books at all times, are not fully collected. The factoring facility will expire on June 25, 2015 and bears an interest rate of 110% of the primary lending rate of the People's Bank of China and was at 6.6% per annum at the time of funding. Concurrent with the signing of the new factoring agreement, the Company also entered into a financial service agreement with ICBC, which provides accounts receivable management services to the Company during the terms of the underlying factoring facility.