XML 68 R41.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of provisions for income taxes |
|  | Year Ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
Provision for Income Taxes |  |  |  |  |  |
Current Tax Provision U.S. |  | $ | 8,189 |  |  | $ | 6,528 |
Current Tax Provision PRC |  |  | 230,322 |  |  |  | 3,519,311 |
Deferred Tax Provision PRC |  |  | (2,089,439 | ) |  |  | (2,863,011 | )
Total Provision for (Deferred tax benefit)/ Income Taxes |  | $ | (1,850,928 | ) |  | $ | 662,828 |
Schedule of deferred tax |
|  | December 31, |
|  | 2018 |  |  | 2017 |
Deferred tax assets |  |  |  |  |  |
Depreciation and amortization of property, plant and equipment |  | $ | 7,097,828 |  |  | $ | 5,123,762 |
Impairment of property, plant and equipment |  |  | 546,531 |  |  |  | 440,080 |
Miscellaneous |  |  | 289,799 |  |  |  | 712,517 |
Net operating loss carryover of PRC company |  |  | 342,933 |  |  |  | 296,200 |
Net operating loss carryover for U.S. income tax purposes |  |  | - |  |  |  | - |
Total deferred tax assets |  |  | 8,277,091 |  |  |  | 6,572,559 |
Less: Valuation allowance |  |  | - |  |  |  | - |
Total deferred tax assets, net |  | $ | 8,277,091 |  |  | $ | 6,572,559 |
Schedule of reconciles the statutory rates effective tax rates |
|  | Year ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
PRC Statutory rate |  |  | 25.0 | % |  |  | 25.0 | %
Effect of the U.S. Transition Tax under the 2017 TCJA |  |  | - |  |  |  | 8.6 |
Effect of different tax jurisdiction |  |  | - |  |  |  | (0.8 | )
Effect of expenses not deductible for PRC tax purposes |  |  | 31.3 |  |  |  | (6.2 | )
(Over) Under-provision in previous year |  |  | - |  |  |  | (1.1 | )
Change in valuation allowance |  |  | - |  |  |  | 3.0 |
Other |  |  | (38.7 | ) |  |  | 3.0 |
Effective income tax rate |  |  | 17.6 | % |  |  | 28.5 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration