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Restricted Cash
6 Months Ended
Jun. 30, 2018
Restricted Cash [Abstract]  
Restricted Cash

(3) Restricted Cash

 

Restricted cash of $3,778,376 as of June 30, 2018 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from the bank (see Note (9)). The restriction will be lifted upon the maturity of the notes payable on January 10, 2019.

 

Restricted cash of $6,121,637 as of December 31, 2017 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from the bank (see Note (9)). The restriction was lifted upon the maturity of the notes payable on January 5, 2018.