XML 64 R47.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Property, Plant and Equipment, Net (Details Textual) |  | 3 Months Ended | 6 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 16, 2013 USD ($) | Jun. 16, 2013 CNY (¥) | Jun. 30, 2017 USD ($) | Jun. 30, 2016 USD ($) | Jun. 30, 2017 USD ($) T | Jun. 30, 2017 CNY (¥) T | Jun. 30, 2016 USD ($) | Dec. 31, 2016 USD ($) | Jul. 01, 2015 USD ($) | Jun. 16, 2013 CNY (¥)
Property, Plant and Equipment, Net (Textual) |  |  |  |  |  |  |  |  |  |
Total financing proceeds |  |  |  |  | $ 6,940,652 | ¥ 47,000,000 |  |  |  |
Deferred gain on sale of leased equipment |  |  |  |  |  |  |  | $ 102,232 |  |
Production capacity of manufacturing equipment PM8 (per year) | T |  |  |  |  | 15,000 | 15,000 |  |  |  |
Amount of interest capitalized |  |  | 15,894 | $ 4,499 | $ 9,663 |  | $ 32,947 |  |  |
Assets pledged for guarantee of orient paper HB's capital lease |  |  | 22,965,528 |  | 22,965,528 |  |  | 23,654,125 |  |
Value of land use right pledged for bank loan |  |  | 4,975,760 |  | 4,975,760 |  |  |  |  |
Depreciation and amortization |  |  | 3,584,141 | 3,785,281 | 7,199,500 |  | 7,952,954 |  |  |
Property, plant and equipment pledged for long term loan |  |  | 8,931,476 |  | 8,931,476 |  |  | 9,813,294 |  |
Land use right net values pledged for sale-leaseback financing |  |  | 6,279,196 |  | 6,279,196 |  |  | 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 |  |  | 396,991 | 414,380 | 792,025 |  | 831,130 |  |  |
Accumulated depreciation of leased asset |  |  | 6,203,184 |  | 6,203,184 |  |  | 5,274,471 |  |
Gain on sale leaseback realized transaction |  |  | 51,812 | $ 54,081 | 103,369 |  | $ 108,472 |  |  |
Future minimum lease payments |  |  |  |  |  |  |  |  | $ 1,617,574 |
Unamortized deferred gains |  |  |  |  |  |  |  | 102,232 |  |
Capital lease asset cost |  |  | $ 24,912,887 |  | $ 24,912,887 |  |  | $ 24,328,940 | $ 27,599,774 |
Land use rights [Member] |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment, Net (Textual) |  |  |  |  |  |  |  |  |  |
Term of lease |  |  |  |  | 50 years | 50 years |  | 50 years |  |
Lease expiration year |  |  |  |  | From 2061 to 2066. | From 2061 to 2066. |  | From 2061 to 2066. |  |

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