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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of financial information for reportable segments

		Three Months Ended
		June 30, 2018
		Dongfang Paper				Baoding Shengde				Not Attributable to Segments				Elimination of  Inter-segment				Enterprise-wide, consolidated
Revenues		$	33,135,162			$	14,028			$	-			$	-			$	33,149,190
Gross profit			3,018,995				(3,573	)			-				-				3,015,422
Depreciation and amortization			3,492,033				188,215				-				-				3,680,248
Loss from disposal of property, plant and equipment			(113	)			-				-				-				(113	)
Interest income			(17,447	)			103				-				-				(17,344	)
Interest expense			362,158				45,024				-				-				407,182
Income tax expense(benefit)			(491,642	)			(57,380	)			-				-				(549,022	)
Net income (loss)			340,468				(175,962	)			(54,512	)			-				109,994
Total Assets			185,996,162				24,786,027				7,054				-				210,789,243

		Three Months Ended
		June 30, 2017
		Dongfang Paper				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, consolidated
Revenues		$	22,787,683			$	-			$	-			$	-			$	22,787,683
Gross profit			3,464,666				-				-				-				3,464,666
Depreciation and amortization			3,359,013				225,128				-				-				3,584,141
Interest income			4,510				1,301				-				-				5,811
Interest expense			669,944				26,586				-				-				696,530
Income tax expense(benefit)			135,756				(78,275	)			-				-				57,481
Net income (loss)			411,396				(193,304	)			(202,175	)			-				15,917

		Six Months Ended
		June 30, 2018
		Dongfang Paper				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, consolidated
Revenues		$	35,023,356			$	14,028			$	-			$	-			$	35,037,384
Gross profit			2,323,687				(3,573	)			-				-				2,320,114
Depreciation and amortization			7,030,192				380,641				-				-				7,410,833
Loss from disposal of property, plant and equipment			10,263				-				-				-				10,263
Interest income			27,168				251				-				-				27,419
Interest expense			720,948				90,045				-				-				810,993
Income tax expense(benefit)			(964,278	)			(123,713	)			-				-				(1,087,991	)
Net income (loss)			(3,209,922	)			(374,686	)			(391,674	)			-				(3,976,282	)

		As of June 30, 2018
		Dongfang Paper				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, consolidated
Total assets		$	185,996,162				24,786,027				7,054				-				210,789,243

		Six Months Ended
		June 30, 2017
		Dongfang Paper				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, consolidated
Revenues		$	48,077,342			$	-			$	-			$	-			$	48,077,342
Gross profit			9,118,586				-				-				-				9,118,586
Depreciation and amortization			6,750,301				449,199				-				-				7,199,500
Interest income			22,219				1,537				-				-				23,756
Interest expense			1,349,028				26,586				-				-				1,375,614
Income tax expense(benefit)			823,326				(222,563	)			-				-				600,763
Net income (loss)			2,434,010				(290,927	)			(419,297	)			-				1,723,786

		As of December 31, 2017
		Dongfang Paper				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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- References

No definition available.

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