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Loans Payable (Details) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015
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Schedule of short-term bank loans |  |  |
Total short-term bank loans |  | $ 14,778,622 | $ 13,859,800
Industrial & Commercial Bank of China ("ICBC") Loan 1 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [1] | 3,016,045 | 3,079,956
The Commercial Bank of the City of Zhangjiakou [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [2] | 7,540,113 | 7,699,888
ICBC Loan 2 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [3] | 3,016,045 | 3,079,956
ICBC Loan 3 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [4] | $ 1,206,419 |
[1] | On September 7, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,016,045 and $3,079,956 as of June 30, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 5.06% per annum, which was 110% of the primary lending rate of the People's Bank of China at the time of funding. The loan is due on September 6, 2016. The working capital loan was guaranteed by Hebei Tengsheng Paper Co. Ltd ("Hebei Tengsheng"), a independent third party which owns the land use rights of about 330 acres (or 1.33 million square meters) of land in the Wei County and leases about one-fourth of the premises to Orient paper HB as our production bases of tissue paper and other future facilities, with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.
[2] | On October 15, 2015, the Company entered into a working capital loan agreement with the Commercial Bank of the City of Zhangjiakou, with a balance of $7,540,113 and $7,699,888 as of June 30, 2016 and December 31, 2015, respectively. The loan bears a fixed interest rate of 11.88% per annum. The loan is due on October 15, 2016. The working capital loan was guaranteed by the Company's CEO and his wife, as well as Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.
[3] | On December 11, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,016,045 and $3,079,956 as of June 30, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 4.785% per annum at the time of funding. The loan is due on December 9, 2016. The working capital loan was guaranteed by Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.
[4] | On June 1, 2016, the Company entered into a working capital loan agreement with the ICBC, with a balance of $1,206,419 as of June 30, 2016. The loan bears an interest rate of 4.62% per annum at the time of funding. The loan is due on December 31, 2016. The working capital loan was guaranteed by Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.

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