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Loans Payable (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of short-term bank loans

				September 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)			2,544,925				2,622,683
ICBC Loan 3		(d)			3,817,387				-
Total short-term bank loans				$	6,362,312			$	11,802,075

Schedule of loans payable

		September 30,				December 31,
		2019				2018
Rural Credit Union of Xushui District Loan 1		$	1,215,909			$	1,253,060
Rural Credit Union of Xushui District Loan 2			3,534,617				3,642,615
Rural Credit Union of Xushui District Loan 3			-				2,302,133
Rural Credit Union of Xushui District Loan 4			2,262,156				-
Total			7,012,682				7,197,808
Less: Current portion of long-term loans from credit union			(311,046	)			(2,491,549	)
Long-term loans from credit union		$	6,701,636			$	4,706,259

Schedule of long-term debt repayments

		Amount
Fiscal year
Remainder of 2019		$	226,216
2020			1,215,909
2021			1,329,016
2022			1,555,232
2023			2,686,309
Total			7,012,682

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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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