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Other Payables and Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2016

Other Payables and Accrued Liabilities [Abstract]

Summary of other payables and accrued liabilities

		September 30,				December 31,
		2016				2015
Accrued electricity		$	285,292			$	168,840
Value-added tax payable			533,376				0
Accrued interest to a related party			812,051				552,115
Accrued bank loan interest			-				73,970
Payable for purchase of equipment			471,404				3,093,239
Others			54,975				14,807
Totals		$	2,157,098			$	3,902,971

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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