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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of financial information for the two reportable segments

		Three Months Ended
		March 31, 2019
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	17,450,292			$	-			$	-			$	-			$	17,450,292
Gross profit			(192,466	)			-				-				-				(192,466	)
Depreciation and amortization			3,930,054				6				-				-				3,930,060
Interest income			58,727				91				-				-				58,818
Interest expense			212,876				42,393				-				-				255,269
Income tax expense(benefit)			(622,304	)			(25,491	)			-				-				(647,795	)
Net income (loss)			(2,440,828	)			(38,807	)			(242,960	)			-				(2,722,595	)

		Three Months Ended
		March 31, 2018
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	1,888,194			$	-			$	-			$	-			$	1,888,194
Gross profit			(695,308	)			-				-				-				(695,308	)
Depreciation and amortization			3,538,159				192,426				-				-				3,730,585
Loss from disposal of property, plant and equipment			10,376				-				-				-				10,376
Interest income			44,615				148				-				-				44,763
Interest expense			358,790				45,021				-				-				403,811
Income tax expense(benefit)			(472,636	)			(66,333	)			-				-				(538,969	)
Net income (loss)			(3,550,390	)			(198,724	)			(337,162	)			-				(4,086,276	)

As of March 31, 2019

Dongfang

Baoding

Not Attributable

Elimination of

Enterprise-wide,

Paper

Shengde

to Segments

Inter-segment

consolidated

Total assets

$

175,578,609

18,950,298

28,397

-

194,557,304

As of December 31, 2018

Dongfang

Baoding

Not Attributable

Elimination of

Enterprise-wide,

Paper

Shengde

to Segments

Inter-segment

consolidated

Total assets

$

183,987,100

19,068,788

20,122

-

203,076,010

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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X

- References

No definition available.

+ Details

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