XML 56 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Schedule of financial information for the two reportable segments

		Three Months Ended
		September 30, 2018
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	26,723,863			$	(206	)		$	-			$	-			$	26,723,657
Gross profit			1,259,143				200				-				-				1,259,343
Depreciation and amortization			3,285,570				177,133				-				-				3,462,703
Loss from disposal of property, plant and equipment			(237	)			-				-				-				(237	)
Interest income			5,155				67				-				-				5,222
Interest expense			329,889				42,387				-				-				372,276
Income tax expense(benefit)			(483,685	)			(54,546	)			-				-				(538,231	)
Net income (loss)			(1,312,465	)			(167,199	)			74,702				-				(1,404,962	)

		Three Months Ended
		September 30, 2017
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	33,507,053			$	-			$	-			$	-			$	33,507,053
Gross profit			7,221,288				-				-				-				7,221,288
Depreciation and amortization			3,497,635				231,367				-				-				3,729,002
Gain from disposal of property, plant and equipment			(1,653,039	)			-				-				-				(1,653,039	)
Interest income			3,548				1,955				-				-				5,503
Interest expense			604,351				43,612				-				-				647,963
Income tax expense(benefit)			579,232				(74,067	)			-				-				505,165
Net income (loss)			1,916,821				(225,778	)			(118,708	)			-				1,572,335

		Nine Months Ended
		September 30, 2018
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	61,747,219			$	13,822			$	-			$	-			$	61,761,041
Gross profit			3,582,830				(3,373	)			-				-				3,579,457
Depreciation and amortization			10,315,762				557,774				-				-				10,873,536
Loss from disposal of property, plant and equipment			10,026				-				-				-				10,026
Interest income			32,323				318				-				-				32,641
Interest expense			1,050,837				132,432				-				-				1,183,269
Income tax expense(benefit)			(1,447,963	)			(178,259	)			-				-				(1,626,222	)
Net income (loss)			(4,522,387	)			(541,885	)			(316,972	)			-				(5,381,244	)

As of September 30, 2018

Dongfang

Baoding

Not Attributable to

Elimination of

Enterprise-wide,

Paper

Shengde

Segments

Inter-segment

consolidated

Total assets

$

177,647,537

23,235,074

23,813

-

200,906,424

		Nine Months Ended
		September 30, 2017
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	81,584,395			$	-			$	-			$	-			$	81,584,395
Gross profit (loss)			16,339,874				-				-				-				16,339,874
Depreciation and amortization			10,247,936				680,566				-				-				10,928,502
Gain from disposal of property, plant and equipment			(1,665,140	)			-				-				-				(1,665,140	)
Interest income			25,767				3,492				-				-				29,259
Interest expense			1,953,379				70,198				-				-				2,023,577
Income tax expense(benefit)			1,402,558				(296,630	)			-				-				1,105,928
Net income (loss)			4,350,831				(516,705	)			(538,005	)			-				3,296,121

		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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration