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Loans Payable (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016
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Schedule of short-term bank loans |  |  |
Total short-term bank loans |  | $ 10,245,747 | $ 5,045,409
Bank of Hebei [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [1] |  | 2,162,318
Industrial & Commercial Bank of China ("ICBC") Loan 1 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [2] |  | 2,883,091
Bank of Cangzhou (Member) |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [3] | 6,026,910 |
ICBC Loan 2 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [4] | $ 4,218,837 |
[1] | On July 8, 2016, the Company entered into a working capital loan agreement with the Bank of Hebei, with a balance of $nil as of September 30, 2017 and $2,162,318 as of December 31, 2016, respectively. The loan bears a fixed interest rate of 5.22% per annum. The loan was due on July 8, 2017. The working capital loan is guaranteed by the Company's CEO and Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. The loan was repaid on July 6, 2017.
[2] | On September 13, 2016, the Company entered into a working capital loan agreement with ICBC, with a balance of $nil as of September 30, 2017 and $2,883,091 as of December 31, 2016, respectively. The loan bears a fixed interest rate of 4.5675% per annum. The loan was due on October 19, 2017. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan was repaid on September 7, 2017.
[3] | On December 5, 2016, the Company entered into a working capital loan agreement with the Bank of Cangzhou. The loan was drawn on January 3, 2017, with a balance of $6,026,910 as of September 30, 2017. The loan bears a fixed interest rate of 6.09% per annum. The loan will be due on January 3, 2018. The working capital loan is secured by the Company's land use right and guaranteed by Orient Paper Shengde with its production equipment and plant as collateral for the benefit of the bank.
[4] | On January 10, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,218,837 as of September 30, 2017. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.5675% per annum. The loan will be due on January 17, 2018.

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