Organization and Business Background (Tables)

12 Months Ended

Dec. 31, 2017

Organization and Business Background [Abstract]

Schedule of subsidiaries and variable interest entities

		Place of
	Date of Incorporation	Incorporation or	Percentage of
Name	or Establishment	Establishment	Ownership			Principal Activity
Subsidiary:
Dongfang Holding	November 13, 2006	BVI		100	%	Inactive investment holding
Shengde Holdings	February 25, 2009	State of Nevada		100	%	Investment holding
Orient Paper Shengde	June 1, 2009	PRC		100	%	Paper Production and distribution
Variable interest entity(“VIE”):
Orient Paper HB	March 10, 1996	PRC		Control	*	Paper Production and distribution

* Orient Paper HB is treated as a 100% controlled variable interest entity of the Company

Schedule of aggregate financial information of assets and liabilities

	December 31,		December 31,
	2017		2016
	( Unaudited)
ASSETS

Current Assets
Cash and bank balances	$	2,681,942	$	2,005,288
Restricted cash		6,121,637		2,162,318
Accounts receivable		1,843,682		3,894,435
Inventories		8,431,972		5,592,230
Prepayments and other current assets		646,598		451,349

Total current assets		19,725,831		14,105,620

Property, plant, and equipment, net		167,727,768		162,779,492
Deferred tax asset non-current		5,167,288		2,804,019

Total Assets	$	192,620,887	$	179,689,131

LIABILITIES

Current Liabilities
Short-term bank loans	$	7,192,923	$	5,045,409
Current portion of long-term loans from credit union		5,142,175		-
Current obligations under capital lease				8,786,528
Accounts payable		422,705		559,952
Advance from customers				28,831
Notes payable		6,121,637		2,162,318
Due to a related party		60,378		56,872
Accrued payroll and employee benefits		227,163		206,642
Other payables and accrued liabilities		836,309		2,424,751
Income taxes payable		519,365		1,311,051

Total current liabilities		20,522,655		20,582,354

Loans from credit union		-		4,843,592
Loans from a related party		10,712,865		10,090,817
Deferred gain on sale-leaseback		-		102,232

Total liabilities	$	31,235,520	$	35,618,995

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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