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Other Payables and Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Payables and Accruals [Abstract]

Schedule of other payables and accrued liabilities

		September 30,				December 31,
		2019				2018
Accrued electricity		$	117,934			$	186,780
Value-added tax payable			260,987				520,190
Accrued interest to a related party			668,338				617,454
Payable for purchase of equipment			5,206,511				8,788,924
Accrued commission to salesmen			16,298				62,247
Payable for acquisition of Hebei Tengsheng			43,507,826				-
Others			1,284,142				47,201
Totals		$	51,062,036			$	10,222,796

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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