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Loans Payable (Details) - Schedule of short-term bank loans - USD ($)

Dec. 31, 2019

Dec. 31, 2018

Short-term Debt [Line Items]

Total short-term bank loans

$ 6,163,814

$ 11,802,075

Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member]

Short-term Debt [Line Items]

Total short-term bank loans

^[1]

4,079,730

Bank of Cangzhou [Member]

Short-term Debt [Line Items]

Total short-term bank loans

^[2]

5,099,662

ICBC Loan 2 [Member]

Short-term Debt [Line Items]

Total short-term bank loans

^[3]

2,622,683

ICBC Loan 4 [Member]

Short-term Debt [Line Items]

Total short-term bank loans

^[4]

$ 6,163,814

[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 bore 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 $2,622,683 as of December 31, 2018. The working capital loan was secured by the Company's land use right as collateral for the benefit of the bank. The loan bore a fixed interest rate of 4.741% per annum. The loan was repaid on October 19, 2019.
[4]	On December 20, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $6,163,814 as of December 31, 2019. The working capital loan was secured by land use right of Hebei Tengsheng as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.945% per annum. The loan will be due and repaid by December 23, 2020.

X

- Definition

Amount of borrowings from a bank classified as other, maturing within one year or operating cycle, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.16)
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

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- Definition

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+ References

No definition available.

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