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Restricted Cash
12 Months Ended
Dec. 31, 2018
Cash and Cash Equivalents [Abstract]  
Restricted Cash

(3) Restricted Cash

 

Restricted cash of $3,642,616 as of December 31, 2018 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from these banks (see Note (9)). The restriction has been 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 these banks. The restriction has been lifted upon the maturity of the notes payable on January 5, 2018.