XML 57 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Organization and Business Background (Details 1) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Dec. 31, 2015
Current Assets        
Cash and cash equivalents $ 6,953,940 $ 2,332,646 $ 4,032,245 $ 2,641,917
Restricted cash 5,904,582 2,162,318    
Accounts receivable 2,262,038 3,894,436    
Inventories 10,434,966 5,632,030    
Prepayments and other current assets 2,901,161 455,892    
Total current assets 28,456,687 14,477,322    
Property, plant, and equipment, net 190,557,203 187,689,880    
Deferred tax asset non-current 4,648,207 3,264,841    
Total Assets 226,637,011 208,377,618    
Current Liabilities        
Short-term bank loans 15,204,299 5,045,409    
Current obligations under capital lease 6,940,652 8,786,528    
Accounts payable 346,464 559,952    
Notes payable 5,904,582 2,162,318    
Due to a related party 132,044 56,872    
Accrued payroll and employee benefits 227,909 209,936    
Other payables and accrued liabilities 901,766 2,424,778    
Income taxes payable 600,662 1,310,967    
Total current liabilities 30,346,947 20,585,591    
Loans from credit union 7,233,113 4,843,592    
Loans from a related party 10,333,018 10,090,817    
Deferred gain on sale-leaseback 102,232    
Total liabilities 47,913,078 35,622,232    
Orient Paper HB [Member]        
Current Assets        
Cash and cash equivalents 4,386,347 2,005,288    
Restricted cash 5,904,582 2,162,318    
Accounts receivable 2,262,038 3,894,435    
Inventories 10,394,269 5,592,230    
Prepayments and other current assets 2,896,607 451,349    
Total current assets 25,843,843 14,105,620    
Property, plant, and equipment, net 166,325,556 162,779,492    
Deferred tax asset non-current 3,950,927 2,804,019    
Total Assets 196,120,326 179,689,131    
Current Liabilities        
Short-term bank loans 15,204,299 5,045,409    
Current obligations under capital lease 6,940,652 8,786,528    
Accounts payable 346,464 559,952    
Advance from customers   28,831    
Notes payable 5,904,582 2,162,318    
Due to a related party 132,044 56,872    
Accrued payroll and employee benefits 223,466 206,642    
Other payables and accrued liabilities 901,728 2,424,751    
Income taxes payable 600,748 1,311,051    
Total current liabilities 30,253,983 20,582,354    
Loans from credit union 4,959,849 4,843,592    
Loans from a related party 10,333,018 10,090,817    
Deferred gain on sale-leaseback   102,232    
Total liabilities $ 45,546,850 $ 35,618,995