XML 79 R52.htm IDEA: XBRL DOCUMENT v3.3.1.900
Basis of Presentation and Significant Accounting Policies (Details Textual)
 1 Months Ended 12 Months Ended
Jul. 13, 2015
USD ($)
Dec. 30, 2010
USD ($)
Dec. 30, 2010
CNY (¥)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Jan. 20, 2016
USD ($)
Jul. 13, 2015
CNY (¥)
Mar. 01, 2015
USD ($)
Mar. 01, 2015
CNY (¥)
Basis of Presentation and Significant Accounting Policies (Textual)                    
Current assets       $ 26,343,993 $ 26,554,862          
Current liabilities       40,237,947 44,470,148          
Current liabilities including amounts due to related parties       920,866 3,376,120          
Working capital deficit       13,893,954 17,915,286          
Accrued interest       $ 552,115 761,242          
Loans payable to related party       2,386,978          
Long-term obligations under capital lease       $ 3,217,785 $ 4,090,413          
Drawn from facility       $ 4,619,933            
Currency average exchange rate to translate Chinese RMB to U.S. Dollars       6.24010 6.14530 6.19430        
Statutory reserve fund       $ 42,168 $ 74,446        
Net profit transferred to statutory reserve fund   $ 11,811,470 ¥ 75,030,000              
Allowance for doubtful accounts       $ 38,865 $ 76,125 $ 67,592        
Provision for such employee benefits              
Advertising and promotion costs       $ 6,457 $ 5,085        
Research and development costs       $ 28,448 20,276 25,125        
Subsidy from government       $ 555,605 22,614 171,125        
Lease obligations description       The lease term is at least 75% of the property's estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date.            
Interest paid       $ 3,255,478 1,826,460 708,089        
Current exchange rates      
 The current exchange rates used by the Company as of December 31, 2015 and 2014 to translate the Chinese RMB to the U.S. Dollars are 6.49360:1, and 6.11900:1, respectively. Revenues and expenses are translated using the average exchange rates prevailing throughout the respective years at 6.24010:1, 6.14530:1 and 6.19430:1 for the years ended December 31, 2015, 2014 and 2013, respectively.
            
Hebei Fangsheng [Member]                    
Basis of Presentation and Significant Accounting Policies (Textual)                    
Accrued rental       $ 368,751 227,900          
Chief Executive Officer [Member]                    
Basis of Presentation and Significant Accounting Policies (Textual)                    
Accrued interest       111,167            
Loans payable to related party $ 4,619,933             ¥ 30,000,000 $ 18,479,734 ¥ 120,000,000
Unsecured loan interest rate 5.25                  
Mr. Zhenyong Liu [Member]                    
Basis of Presentation and Significant Accounting Policies (Textual)                    
Accrued interest       391,374 391,374 391,374        
Loans payable to related party       13,859,800 12,192,502          
Other payables and accrued liabilities       440,948            
Loan paid off       2,249,279            
Interest paid       $ 391,374 $ 391,374 $ 391,374        
Mr. Zhenyong Liu [Member] | Subsequent Event [Member]                    
Basis of Presentation and Significant Accounting Policies (Textual)                    
Accrued interest             $ 552,115