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Loans Payable (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015
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Schedule of short-term bank loans |  |  |
Total short-term bank loans |  | $ 5,045,409 | $ 13,859,800
Industrial & Commercial Bank of China ("ICBC") Loan 1 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [1] |  | 3,079,956
The Commercial Bank of the City of Zhangjiakou [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [2] |  | 7,699,888
ICBC Loan 2 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [3] |  | 3,079,956
Bank of Hebei [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [4] | 2,162,318 |
ICBC Loan 3 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [5] | $ 2,883,091 |
[1] | On September 7, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $nil and $3,079,956 as of December 31, 2016 and 2015, respectively. The loan borne 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 working capital loan was guaranteed by Hebei Tengsheng Paper Co. Ltd ("Hebei Tengsheng"),a related party with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. The loan was due and repaid on September 6, 2016.
[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 $nil and $7,699,888 as of December 31, 2016 and 2015, respectively. The loan bears a fixed interest rate of 11.88% per annum. The working capital loan was guaranteed by the Company's CEO and his wife, as well as secured by Hebei Tengsheng's land use right and real property as collateral for the benefit of the bank. The loan was due and repaid on October 15, 2016.
[3] | On December 11, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $nil and $3,079,956 as of December 31, 2016 and 2015, respectively. The working capital loan is secured by Hebei Tengsheng's land use right and real property. The loan bears a fixed interest rate of 4.785% per annum. The loan was due and repaid on December 9, 2016.
[4] | On July 8, 2016, the Company entered into a working capital loan agreement with the Bank of Hebei, with a balance of $2,162,318 as of December 31, 2016. The loan bears a fixed interest rate of 5.22% per annum. The loan will be due on July 8, 2017. The working capital loan is 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.
[5] | On September 13, 2016, the Company entered into a working capital loan agreement with ICBC, with a balance of $2,883,091 as of December 31, 2016. The loan bears a fixed interest rate of 4.5675% per annum. The loan will be due on October 19, 2017. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank.

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