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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Summarized financial information for reportable segments
    Three Months Ended  
    June 30, 2017  
    Orient
Paper
    Orient
Paper
    Not
Attributable
    Elimination of     Enterprise-wide,  
    HB     Shengde     to Segments     Inter-segment     consolidated  
                               
Revenues   $ 22,787,683     $ -     $ -     $ -     $ 22,787,683  
Gross profit     3,464,666       -       -       -       3,464,666  
Depreciation and amortization     3,359,013       225,128       -       -       3,584,141  
Interest income     4,510       1,301       -       -       5,811  
Interest expense     669,944       26,586       -       -       696,530  
Income tax expense(benefit)     135,756       (78,275 )     -       -       57,481  
Net income (loss)     411,396       (193,304 )     (202,175 )                          -       15,917  

 

    Three Months Ended  
    June 30, 2016  
    Orient     Orient     Not         Enterprise-  
    Paper     Paper     Attributable     Elimination of     wide,  
    HB     Shengde     to Segments     Inter-segment     consolidated  
                               
Revenues   $ 37,705,017     $ 286,875     $ -     $ -     $ 37,991,892  
Gross profit (loss)     7,018,870       (129,116 )     -       -       6,889,754  
Depreciation and amortization     3,550,017       235,264       -       -       3,785,281  
Interest income     49,317       290       -       -       49,607  
Interest expense     695,983       -       -       -       695,983  
Income tax expense(benefit)     989,702       (49,161 )     -       -       940,541  
Net income (loss)     2,985,112       (190,551 )     (212,955 )            -       2,581,606  

 

    Six Months Ended  
    June 30, 2017  
    Orient     Orient     Not         Enterprise-  
    Paper     Paper     Attributable     Elimination of     wide,  
    HB     Shengde     to Segments     Inter-segment     consolidated  
                               
Revenues   $ 48,077,342     $ -     $             -     $ -     $ 48,077,342  
Gross profit     9,118,586       -       -       -       9,118,586  
Depreciation and amortization     6,750,301       449,199       -       -       7,199,500  
Interest income     22,219       1,537       -       -       23,756  
Interest expense     1,349,028       26,586       -       -       1,375,614  
Income tax expense(benefit)     823,326       (222,563 )     -       -       600,763  
Net income (loss)     2,434,010       (290,927 )     (419,297 )           -       1,723,786  

 

    As of June 30, 2017  
    Orient     Orient     Not         Enterprise-  
    Paper     Paper     Attributable     Elimination of     wide,  
    HB     Shengde     to Segments     Inter-segment     consolidated  
                                         
Total assets   $ 196,120,326     $ 30,505,902     $ 10,783     $         -     $ 226,637,011  

 

    Six Months Ended   
    June 30, 2016  
    Orient Paper     Orient Paper     Not Attributable     Elimination of     Enterprise-
wide,
 
    HB     Shengde     to Segments     Inter-segment     consolidated  
                               
Revenues   $ 65,306,582     $ 599,643     $ -     $ -     $ 65,906,225  
Gross profit (loss)     11,028,817       (373,179 )     -       -       10,655,638  
Depreciation and amortization     7,480,934       472,020       -       -       7,952,954  
Interest income     79,862       532       -       -       80,394  
Interest expense     1,416,872       -       -       -       1,416,872  
Income tax expense(benefit)     1,150,676       (106,709 )     -       -       1,043,967  
Net income (loss)     3,433,708       (363,190 )     (1,862,809 )                 -       1,207,709  

 

    As of December 31, 2016  
    Orient     Orient     Not         Enterprise-  
    Paper     Paper     Attributable     Elimination of     wide,  
    HB     Shengde     to Segments     Inter-segment     consolidated  
                                         
Total assets   $ 179,689,131     $ 28,687,027     $ 1,460     $                   -     $ 208,377,618