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Loans Payable (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of short-term bank loans

				June 30,				December 31,
				2019				2018
Industrial and Commercial Bank of China ("ICBC") Loan 1		(a)		$	-			$	4,079,730
Bank of Cangzhou		(b)			-				5,099,662
ICBC Loan 2		(c)			2,618,296				2,622,683
ICBC Loan 3		(d)			3,927,444				-
Total short-term bank loans				$	6,545,740			$	11,802,075

Schedule of loans payable

		June 30,				December 31,
		2019				2018
Rural Credit Union of Xushui District Loan 1		$	1,250,964			$	1,253,060
Rural Credit Union of Xushui District Loan 2			3,636,522				3,642,615
Rural Credit Union of Xushui District Loan 3			-				2,302,133
Rural Credit Union of Xushui District Loan 4			2,327,374				-
Total			7,214,860				7,197,808
Less: Current portion of long-term loans from credit union			(320,014	)			(2,491,549	)
Long-term loans from credit union		$	6,894,846			$	4,706,259

Schedule of long-term debt repayments

		Amount
Fiscal year
Remainder of 2019		$	232,737
2020			1,250,964
2021			1,367,332
2022			1,600,070
2023			2,763,757
Total			7,214,860

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Tabular disclosure of long-term debt repayments.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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