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Subsequent Event | 12 Months Ended
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Dec. 31, 2017
Subsequent Event [Abstract] |
Subsequent Event | (22) Subsequent Event On January 2, 2018, the Company entered into a working capital loan agreement with Bank of Cangzhou, for a credit line of up to $5,356,432 (RMB35,000,000). The loan bears a fixed interest rate of 6.09% per annum. The working capital loan is secured by the Company’s land use right and guaranteed by the Company’s CEO and Orient Paper Shengde with its production equipment as collateral for the benefit of the bank. $5,356,432 of loan was withdrawn on January 4, 2018.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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