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Loans Payable (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018
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Schedule of short-term bank loans |  |  |
Total short-term bank loans |  | $ 6,362,312 | $ 11,802,075
Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [1] |  | 4,079,730
Bank of Cangzhou [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [2] |  | 5,099,662
ICBC Loan 2 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [3] | 2,544,925 | 2,622,683
ICBC Loan 3 [Member] |  |  |
Schedule of short-term bank loans |  |  |
Total short-term bank loans | [4] | $ 3,817,387 |
[1] | On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,079,730 as of December 31, 2018. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 5.4% per annum. The loan was due and repaid on January 28, 2019.
[2] | On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou, with a balance of $5,099,662 as of December 31, 2018. The loan bore a fixed interest rate of 6.09% per annum. The working capital loan was secured by the Company's land use right and guaranteed by the Company's CEO and Baoding Shengde with its production equipment as collateral for the benefit of the bank. The loan was due and repaid on January 3, 2019.
[3] | On November 22, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,544,925 and $2,622,683 as of September 30, 2019 and December 31, 2018, respectively. The working capital loan is secured by the Company's land use right as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.741% per annum. The loan will be due by November 26, 2019.
[4] | On January 28, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,817,387 as of September 30, 2019. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.785% per annum. The loan will be due and repaid by January 30, 2020.

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