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Subsequent Event
12 Months Ended
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 $5,356,432 of loan was withdrawn on January 4, 2018.