XML 58 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Organization and Business Background (Details 1) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Current Assets        
Cash and cash equivalents $ 4,648,049 $ 2,332,646 $ 3,651,469 $ 2,641,917
Restricted cash 5,797,690 2,162,318    
Accounts receivable 3,128,701 3,894,436    
Inventories 8,013,848 5,632,030    
Prepayments and other current assets 4,405,992 455,892    
Total current assets 25,994,280 14,477,322    
Property, plant, and equipment, net 190,125,081 187,689,880    
Deferred tax asset non-current 3,859,010 3,264,841    
Total Assets 222,919,729 208,377,618    
Current Liabilities        
Short-term bank loans 14,929,051 5,045,409    
Current obligations under capital lease 8,771,127 8,786,528    
Accounts payable 494,035 559,952    
Notes payable 5,797,690 2,162,318    
Due to a related party 93,418 56,872    
Accrued payroll and employee benefits 337,865 209,936    
Other payables and accrued liabilities 1,035,967 2,424,778    
Income taxes payable 973,618 1,310,967    
Total current liabilities 32,432,771 20,585,591    
Loans from credit union 4,870,059 4,843,592    
Loans from a related party 10,145,957 10,090,817    
Deferred gain on sale-leaseback 51,395 102,232    
Total liabilities 47,500,182 35,622,232    
Orient Paper HB [Member]        
Current Assets        
Cash and cash equivalents 4,371,426 2,005,288    
Restricted cash 5,797,690 2,162,318    
Accounts receivable 3,128,701 3,894,435    
Inventories 7,973,888 5,592,230    
Prepayments and other current assets 4,401,490 451,349    
Total current assets 25,673,195 14,105,620    
Property, plant, and equipment, net 165,705,369 162,779,492    
Deferred tax asset non-current 3,251,834 2,804,019    
Total Assets 194,630,398 179,689,131    
Current Liabilities        
Short-term bank loans 14,929,051 5,045,409    
Current obligations under capital lease 8,771,127 8,786,528    
Accounts payable 494,035 559,952    
Advance from customers 28,831    
Notes payable 5,797,690 2,162,318    
Due to a related party 93,418 56,872    
Accrued payroll and employee benefits 333,129 206,642    
Other payables and accrued liabilities 1,035,941 2,424,751    
Income taxes payable 973,703 1,311,051    
Total current liabilities 32,428,094 20,582,354    
Loans from credit union 4,870,059 4,843,592    
Loans from a related party 10,145,957 10,090,817    
Deferred gain on sale-leaseback 51,395 102,232    
Total liabilities $ 47,495,505 $ 35,618,995