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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Summarized financial information for reportable segments

		Three Months Ended
		March 31, 2018
		Orient Paper				Orient Paper				Not Attributable				Elimination				Enterprise-wide,
		HB				Shengde				to Segments				of Inter-segment				consolidated
Revenues		$	1,888,194			$	-			$	-			$	-			$	1,888,194
Gross profit			(695,308	)			-				-				-				(695,308	)
Depreciation and amortization			3,538,159				192,426				-				-				3,730,585
Loss from disposal of property, plant and equipment			10,376				-				-				-				10,376
Interest income			44,615				148				-				-				44,763
Interest expense			358,790				45,021				-				-				403,811
Income tax expense(benefit)			(472,636	)			(66,333	)			-				-				(538,969	)
Net income (loss)			(3,550,390	)			(198,724	)			(337,162	)			-				(4,086,276	)

		Three Months Ended
		March 31, 2017
		Orient Paper				Orient Paper				Not Attributable				Elimination				Enterprise-wide,
		HB				Shengde				to Segments				of Inter-segment				consolidated
Revenues		$	25,289,659			$	-			$	-			$	-			$	25,289,659
Gross profit			5,653,920				-				-				-				5,653,920
Depreciation and amortization			3,391,288				224,071				-				-				3,615,359
Loss from disposal of property, plant and equipment			-				-				-				-				-
Interest income			(17,709	)			(236	)			-				-				(17,945	)
Interest expense			679,084				-				-				-				679,084
Income tax expense(benefit)			687,570				(144,288	)			-				-				543,282
Net income (loss)			2,022,614				(97,623	)			(217,122	)			-				1,707,869

As of March 31, 2018

Orient Paper

Orient Paper

Not Attributable

Elimination of

Enterprise-wide,

HB

Shengde

to Segments

Inter-segment

consolidated

Total assets

$

195,292,154

26,744,370

15,932

-

222,052,456

As of December 31, 2017

Orient Paper

Orient Paper

Not Attributable

Elimination of

Enterprise-wide,

HB

Shengde

to Segments

Inter-segment

consolidated

Total assets

$

192,620,887

26,363,435

5,159

-

218,989,481

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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X

- References

No definition available.

+ Details

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