XML 53 R36.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Income Taxes [Abstract] |
Schedule of provisions for income taxes |
|  | Three Months Ended |
|  | September 30, |
|  | 2017 |  |  | 2016 |
Provision for Income Taxes |  |  |  |  |  |  |  |
Current Tax Provision PRC |  | $ | 1,211,668 |  |  | $ | 1,521,099 |
Deferred Tax Provision PRC |  |  | (706,503 | ) |  |  | (487,240 | )
Total Provision for Income Taxes |  | $ | 505,165 |  |  | $ | 1,033,859 |
|  | Nine Months Ended |
|  | September 30, |
|  | 2017 |  |  | 2016 |
Provision for Income Taxes |  |  |  |  |  |
Current Tax Provision PRC |  | $ | 2,993,819 |  |  | $ | 3,534,967 |
Deferred Tax Provision PRC |  |  | (1,887,891 | ) |  |  | (1,457,141 | )
Total Provision for Income Taxes |  | $ | 1,105,928 |  |  | $ | 2,077,826 |
Schedule of reconciliation of PRC statutory rates to Company's effective tax rate |
|  | Three Months Ended September 30, |
|  | 2017 |  |  | 2016 |
PRC Statutory rate |  |  | 25.0 | % |  |  | 25.0 | %
Effect of different tax jurisdiction |  |  | (0.5 | ) |  |  | (0.2 | )
Effect of expenses not deductible for PRC tax purposes |  |  | 0.3 |  |  |  | (0.1 | )
Over provision in previous years |  |  | (2.4 | ) |  |  | - |
Change in valuation allowance |  |  | 1.9 |  |  |  | 0.7 |
Effective income tax rate |  |  | 24.3 | % |  |  | 25.4 | %
|  | Nine months ended September 30, |
|  | 2017 |  |  | 2016 |
PRC Statutory rate |  |  | 25.0 | % |  |  | 25.0 | %
Effect of different tax jurisdiction |  |  | (0.3 | ) |  |  | (2.8 | )
Effect of expenses not deductible for PRC tax purposes |  |  | 0.3 |  |  |  | 0.1 |
(Over) Under provision in previous years |  |  | (1.1 | ) |  |  | 0.1 |
Change in valuation allowance |  |  | 1.2 |  |  |  | 10.5 |
Effective income tax rate |  |  | 25.1 | % |  |  | 32.9 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration