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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	%

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- References

No definition available.

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- 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

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- 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

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