XML 25 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restricted Cash
9 Months Ended
Sep. 30, 2017
Restricted Cash [Abstract]  
Restricted cash

(3) Restricted Cash

 

Restricted cash of $6,026,910 as of September 30, 2017 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from the bank (see Note (9)). The restriction will be lifted upon the maturity of the notes payable on January 5, 2018.

 

Restricted cash of $2,162,318 as of December 31, 2016 was presented for the cash deposited at the Bank of Hebei for purpose of securing the bank acceptance notes from these banks. The restriction has been lifted upon the maturity of the notes payable on February 1, 2017.