XML 70 R52.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Related Party Transactions (Details) |  |  |  |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Oct. 14, 2016 USD ($) | Mar. 01, 2015 USD ($) | Dec. 10, 2014 USD ($) | Aug. 07, 2013 USD ($) Employee | Aug. 07, 2013 CNY (¥) Employee | Jan. 01, 2013 | Feb. 28, 2018 USD ($) | Mar. 31, 2018 USD ($) | Mar. 31, 2017 USD ($) | Dec. 31, 2016 USD ($) | Dec. 31, 2015 USD ($) | Dec. 31, 2017 USD ($) | Jul. 13, 2015 USD ($) | Mar. 01, 2015 CNY (¥)
Related Party Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued interest |  |  |  |  |  |  |  | $ 683,150 |  |  |  | $ 548,684 |  |
Proceeds from shareholders loan |  |  |  |  |  |  |  | 4,749,015 |  |  |  |  |  |
Accrued rental owned to Hebei Fangsheng |  |  |  |  |  |  |  | 102,498 |  |  |  | 60,378 |  |
Interest paid |  |  |  |  |  |  |  | 787,353 | 713,199 |  |  |  |  |
Repayment of related party loans |  |  |  |  |  |  |  | 9,498,029 |  |  |  |  |  |
CEO [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans payable to related party | $ 2,883,091 | $ 19,083,666 |  |  |  |  |  |  |  |  |  |  | $ 4,324,636 | ¥ 120,000,000
Term of loan |  | 3 years |  |  |  |  |  |  |  |  |  |  |  |
Outstanding loan balance |  |  |  |  |  |  |  | 6,361,222 |  |  |  | 7,652,047 |  |
Loan matures date | Jul. 12, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued interest |  |  |  |  |  |  |  | 205,885 |  |  |  | 110,476 |  |
Orient Paper HB [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lease term renewed |  |  |  |  |  | 3 years |  |  |  |  |  |  |  |
Hebei Fangsheng [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental payment |  |  |  | $ 158,300 | ¥ 1,000,000 |  |  |  |  |  |  |  |  |
Industrial building lease term |  |  |  | 3 years | 3 years |  |  |  |  |  |  |  |  |
Number of dormitory buildings | Employee |  |  |  | 3 | 3 |  |  |  |  |  |  |  |  |
Sale price of industrial land use rights |  |  |  | $ 2,770,000 |  |  |  |  |  |  |  |  |  |
Sale price of industrial building |  |  |  | $ 1,150,000 |  |  |  |  |  |  |  |  |  |
Lease expiration date |  |  |  | Aug. 31, 2016 | Aug. 31, 2016 |  |  |  |  |  |  |  |  |
Sale price of dormitory buildings |  |  |  | $ 4,310,000 |  |  |  |  |  |  |  |  |  |
Mr. Zhenyong Liu [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan paid off |  |  |  |  |  |  |  |  |  | $ 288,596 | $ 2,249,279 |  |  |
Loans payable to related party |  |  |  |  |  |  |  | 6,361,222 |  |  |  | 10,712,865 |  |
Term of loan | 3 years |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate on loans |  |  | 4.35% |  |  |  |  |  |  |  |  |  |  |
Outstanding loan balance |  |  |  |  |  |  |  |  |  |  |  | 3,060,818 |  |
Loan matures date | Jul. 12, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued interest |  |  |  |  |  |  |  | 69,616 |  |  |  | 45,912 |  |
Loan from related parties, interest expense |  |  |  |  |  |  |  | 112,472 | $ 110,684 |  |  |  |  |
Interest paid |  |  |  |  |  |  |  |  |  |  | $ 391,374 |  |  |
Repayment of related party loans |  |  |  |  |  |  | $ 3,166,010 |  |  | $ 6,012,416 |  |  |  |
Lease term renewed |  |  |  |  |  | 3 years |  |  |  |  |  |  |  |
Mr. Zhenyong Liu [Member] | Orient Paper HB [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans payable to related party |  |  | $ 9,541,833 |  |  |  |  |  |  |  |  |  |  |
Loan matures date |  |  | Dec. 10, 2017 |  |  |  |  |  |  |  |  |  |  |
Other payables and accrued liabilities |  |  |  |  |  |  |  | $ 407,649 |  |  |  | $ 392,296 |  |
Repayment of related party loans |  |  |  |  |  |  | $ 1,583,005 |  |  |  |  |  |  |

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