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v3.19.3

Segment Reporting (Details) - USD ($) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018
Summarized financial information for reportable segments |  |  |  |  |
Revenues | $ 32,937,917 | $ 26,723,657 | $ 84,008,157 | $ 61,761,041 |
Gross profit | 5,374,732 | 1,259,343 | 8,090,395 | 3,579,457 |
Loss from impairment and disposal of property, plant and equipment |  | 237 |  | (10,026) |
Interest income | 1,413 | 5,222 | 61,787 | 32,641 |
Interest expense | (236,987) | (372,276) | (731,027) | (1,183,269) |
Income tax expense(benefit) | (772,905) | 538,231 | (205,780) | 1,626,222 |
Net income (loss) | 2,338,027 | (1,404,962) | 65,502 | (5,381,244) |
Total assets | 231,404,645 |  | 231,404,645 |  | $ 203,076,010
Dongfang Paper [Member] |  |  |  |  |
Summarized financial information for reportable segments |  |  |  |  |
Revenues | 31,364,795 | 26,723,863 | 81,228,917 | 61,747,219 |
Gross profit | 5,978,125 | 1,259,143 | 9,367,456 | 3,582,830 |
Depreciation and amortization | 1,606,856 | 3,285,570 | 7,193,605 | 10,315,762 |
Loss from impairment and disposal of property, plant and equipment |  | (237) |  | 10,026 |
Interest income | 1,317 | 5,155 | 61,512 | 32,323 |
Interest expense | 194,992 | 329,889 | 607,483 | 1,050,837 |
Income tax expense(benefit) | 1,324,462 | (483,685) | 1,333,450 | (1,447,963) |
Net income (loss) | 3,968,168 | (1,312,465) | 4,007,833 | (4,522,387) |
Total assets | 68,256,689 |  | 68,256,689 |  | 183,987,100
Hebei Tengsheng [Member] |  |  |  |  |
Summarized financial information for reportable segments |  |  |  |  |
Revenues | 1,573,122 |  | 2,779,240 |  |
Gross profit | (603,393) |  | (1,277,061) |  |
Depreciation and amortization | 2,151,329 |  | 4,354,027 |  |
Loss from impairment and disposal of property, plant and equipment |  |  |  |  |
Interest income | 47 |  | 73 |  |
Interest expense |  |  |  |  |
Income tax expense(benefit) | (537,402) |  | (1,087,850) |  |
Net income (loss) | (1,611,552) |  | (3,591,696) |  |
Total assets | 145,866,818 |  | 145,866,818 |  |
Baoding Shengde [Member] |  |  |  |  |
Summarized financial information for reportable segments |  |  |  |  |
Revenues |  | (206) |  | 13,822 |
Gross profit |  | 200 |  | (3,373) |
Depreciation and amortization | 6 | 177,133 | 18 | 557,774 |
Loss from impairment and disposal of property, plant and equipment |  |  |  |  |
Interest income | 49 | 67 | 202 | 318 |
Interest expense | 41,995 | 42,387 | 123,544 | 132,432 |
Income tax expense(benefit) | (14,155) | (54,546) | (54,567) | (178,259) |
Net income (loss) | (31,487) | (167,199) | (103,709) | (541,885) |
Total assets | 17,274,385 |  | 17,274,385 |  | 19,068,788
Not Attributable to Segments [Member] |  |  |  |  |
Summarized financial information for reportable segments |  |  |  |  |
Revenues |  |  |  |  |
Gross profit |  |  |  |  |
Depreciation and amortization |  |  |  |  |
Loss from impairment and disposal of property, plant and equipment |  |  |  |  |
Interest income |  |  |  |  |
Interest expense |  |  |  |  |
Income tax expense(benefit) |  |  | 14,747 |  |
Net income (loss) | 13,777 | 74,702 | (277,444) | (316,972) |
Total assets | 6,753 |  | 6,753 |  | 20,122
Elimination of Inter-segment [Member] |  |  |  |  |
Summarized financial information for reportable segments |  |  |  |  |
Revenues |  |  |  |  |
Gross profit |  |  |  |  |
Depreciation and amortization |  |  |  |  |
Loss from impairment and disposal of property, plant and equipment |  |  |  |  |
Interest income |  |  |  |  |
Interest expense |  |  |  |  |
Income tax expense(benefit) |  |  |  |  |
Net income (loss) | (879) |  | 30,518 |  |
Total assets |  |  |  |  |
Enterprise-wide, consolidated [Member] |  |  |  |  |
Summarized financial information for reportable segments |  |  |  |  |
Revenues | 32,937,917 | 26,723,657 | 84,008,157 | 61,761,041 |
Gross profit | 5,374,732 | 1,259,343 | 8,090,395 | 3,579,457 |
Depreciation and amortization | 3,758,191 | 3,462,703 | 11,547,650 | 10,873,536 |
Loss from impairment and disposal of property, plant and equipment |  | (237) |  | 10,026 |
Interest income | 1,413 | 5,222 | 61,787 | 32,641 |
Interest expense | 236,987 | 372,276 | 731,027 | 1,183,269 |
Income tax expense(benefit) | 772,905 | (538,231) | 205,780 | (1,626,222) |
Net income (loss) | 2,338,027 | $ (1,404,962) | 65,502 | $ (5,381,244) |
Total assets | $ 231,404,645 |  | $ 231,404,645 |  | $ 203,076,010

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