XML 65 R48.htm IDEA: XBRL DOCUMENT v3.7.0.1
Property, Plant and Equipment, Net (Details Textual)
3 Months Ended 12 Months Ended
Jun. 16, 2013
USD ($)
Jun. 16, 2013
CNY (¥)
Mar. 31, 2017
USD ($)
T
Mar. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Jul. 01, 2015
USD ($)
Jun. 16, 2013
CNY (¥)
Property, Plant and Equipment, Net (Textual)              
Deferred gain on sale of leased equipment     $ 51,395   $ 102,232    
Production capacity of manufacturing equipment PM8 (per year) | T     15,000        
Amount of interest capitalized     $ 5,164 $ 17,054      
Assets pledged for guarantee of orient paper HB's capital lease     23,166,578   23,654,125    
Value of land use right pledged for bank loan     4,910,399      
Depreciation and amortization     3,615,359 4,167,672      
Property plant and equipment pledged for long term loan     9,294,394   9,813,294    
Land use right net values pledged for sale-leaseback financing     6,199,902   6,200,401    
Sale-leaseback arrangement [Member]              
Property, Plant and Equipment, Net (Textual)              
Term of lease 3 years 3 years          
Total financing proceeds $ 22,000,000 ¥ 150,000,000          
Proceeds from sale of paper manufacturing equipment to leasing company 22,000,000 ¥ 150,000,000          
Nominal purchase price 2,246           ¥ 15,000
Deferred gain on sale of leased equipment $ 1,379,282            
Depreciation of capital lease equipment     395,034 416,751      
Accumulated depreciation of lease asset     5,697,089   5,274,471    
Gain on sale leaseback realized transaction     51,557 $ 54,391      
Future minimum lease payment           $ 1,617,574  
Unamortized deferred gain     51,395   102,232    
Capital lease asset cost     $ 24,461,881   $ 24,328,940 $ 27,599,774  
Land use rights [Member]              
Property, Plant and Equipment, Net (Textual)              
Term of lease     50 years   50 years    
Lease expiration year     From 2061 to 2066.   From 2061 to 2066.