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Organization and Business Background (Tables)

12 Months Ended

Dec. 31, 2015

Organization and Business Background [Abstract]

Subsidiaries and variable interest entities

		Place of
	Date of Incorporation	Incorporation or	Percentage of
Name	or Establishment	Establishment	Ownership			Principal Activity
Subsidiary:
Dongfang Holding	November 13, 2006	BVI		100	%	Inactive investment holding
Shengde Holdings	February 25, 2009	State of Nevada		100	%	Investment holding
Orient Paper Shengde	June 1, 2009	PRC		100	%	Paper Production and distribution
Variable interest entity:
Orient Paper HB	March 10, 1996	PRC		Control*		Paper Production and distribution

* Orient Paper HB is treated as a 100% controlled variable interest entity of the Company

Schedule of aggregate financial information of assets and liabilities

	December 31,
	2015		2014

ASSETS

Current Assets
Cash and cash equivalents	$	2,363,525	$	3,288,654
Restricted cash		10,779,845		8,873,999
Accounts receivable		1,904,396		3,730,123
Inventories		8,741,974		6,941,161
Prepayments and other current assets		1,792,188		2,600,609

Total current assets		25,581,928		25,434,546

Prepayment on property, plant and equipment		1,404,460		1,490,440
Property, plant, and equipment, net		176,913,064		174,312,711
Deferred tax asset – non-current		1,217,896		281,010

Total Assets	$	205,117,348	$	201,518,707

LIABILITIES

Current Liabilities
Short-term bank loans	$	13,859,800	$	9,805,524
Current portion of long-term loans from credit union		-		147,083
Current portion of long-term loans from a related party		-		2,386,978
Current obligations under capital lease		6,860,412		12,258,488
Accounts payable		253,425		-
Notes payable		13,859,800		16,113,744
Due to a related party		368,751		227,900
Accrued payroll and employee benefits		503,203		469,236
Other payables and accrued liabilities		3,889,235		2,390,909
Income taxes payable		600,876		637,143

Total current liabilities		40,195,502		44,437,005

Loans from credit union		5,174,325		5,760,745
Loans from a related party		13,859,800		9,805,524
Deferred gain on sale-leaseback		327,637		695,389
Long-term obligations under capital lease		3,217,785		4,090,413

Total liabilities	$	62,775,049	$	64,789,076

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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