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Loans Payable (Tables)
 3 Months Ended
Mar. 31, 2018
Loans Payable [Abstract]  
Schedule of short-term bank loans
     March 31,  December 31, 
     2018  2017 
Industrial and Commercial Bank of China (“ICBC”) Loan 1 (a)  $-  $4,285,145 
ICBC Loan 2 (b)   3,021,580   2,907,778 
Bank of Cangzhou (c)   5,566,070   - 
ICBC Loan 3 (d)   4,452,855   - 
Total short-term bank loans    $13,040,505  $7,192,923 

(a)

On January 10, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,285,145 as of December 31, 2017. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.5675% per annum. The loan was due and repaid on January 8, 2018.

  
(b)On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,021,580 and $2,907,778 as of March 31, 2018 and December 31, 2017, respectively. The working capital loan is secured by the Company’s land use right as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.945% per annum. The loan will be due on October 12, 2018.
  
(c)

On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou. The loan was withdrawn on January 4, 2018, with a balance of $5,566,070 as of March 31, 2018. 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. The loan will be due on January 3, 2019.

  
(d)On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,452,855 as of March 31, 2018. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 5.4% per annum. The loan will be due on February 9, 2019.
Summary of loans payable
  March 31,  December 31, 
  2018  2017 
Rural Credit Union of Xushui County Loan 1 $1,367,663  $1,316,152 
Rural Credit Union of Xushui County Loan 2  3,975,763   3,826,022 
Rural Credit Union of Xushui County Loan 3  2,512,683   2,418,047 
Total  7,856,109   7,560,221 
Less: Current portion of long-term loans from credit union  (6,615,671)  (6,366,502)
Long-term loans from credit union $1,240,438  $1,193,719
Schedule of long-term debt repayments
Fiscal year  Amount 
Remainder of 2018 $6,615,671 
2019     　1,240,438 
2020  - 
2021  - 
2022  - 
2023  - 
Total  7,856,109