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Loans Payable (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017
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Schedule of short-term bank loans |  |  |
Total short-term bank loans |  | $ 12,393,072 | $ 7,192,923
Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [1] |  | 4,285,145
ICBC Loan 2 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [2] | 2,871,565 | 2,907,778
Bank of Cangzhou [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [3] | 5,289,726 |
ICBC Loan 3 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [4] | $ 4,231,781 |
[1] | 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.
[2] | On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,871,565 and $2,907,778 as of June 30, 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.
[3] | 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 The loan was withdrawn on January 4, 2018, with a balance of $5,289,726 as of June 30, 2018.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 Baoding Shengde with its production equipment as collateral for the benefit of the bank. The loan will be due on January 3, 2019.
[4] | On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,231,781 as of June 30, 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.

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