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v3.20.1

Segment Reporting (Details) - Summarized financial information for the two reportable segments - USD ($) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019
Dongfang Paper [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues | $ 7,737,502 | $ 17,450,292 |
Gross profit | 542,155 | (192,466) |
Depreciation and amortization | 1,506,627 | 3,930,054 |
Interest income | 5,517 | 58,727 |
Interest expense | 167,581 | 212,876 |
Income tax expense(benefit) | (8,363) | (622,304) |
Net income for the period- numerator (in Dollars) | (496,085) | (2,440,828) |
Total assets | 67,512,415 |  | $ 73,347,811
Hebei Tengsheng [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues | 1,006,349 |  |
Gross profit | (711,874) |  |
Depreciation and amortization | 2,135,371 |  |
Interest income | 83 |  |
Interest expense |  |  |
Income tax expense(benefit) | (522,916) |  |
Net income for the period- numerator (in Dollars) | (1,594,938) |  |
Total assets | 96,555,230 |  | 99,747,236
Baoding Shengde [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues |  |  |
Gross profit |  |  |
Depreciation and amortization | 132,676 | 6 |
Interest income | 190 | 91 |
Interest expense | 77,137 | 42,393 |
Income tax expense(benefit) | (9,763) | (25,491) |
Net income for the period- numerator (in Dollars) | (200,397) | (38,807) |
Total assets | 18,151,252 |  | 17,031,392
Not Attributable to Segments [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues |  |  |
Gross profit |  |  |
Depreciation and amortization |  |  |
Interest income |  |  |
Interest expense |  |  |
Income tax expense(benefit) | 14,717 |  |
Net income for the period- numerator (in Dollars) | (144,867) | (242,960) |
Total assets | 37,401 |  | 71,991
Elimination of Inter-segment [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues |  |  |
Gross profit |  |  |
Depreciation and amortization |  |  |
Interest income |  |  |
Interest expense |  |  |
Income tax expense(benefit) |  |  |
Net income for the period- numerator (in Dollars) |  |  |
Total assets |  |  |
Enterprise-wide, consolidated [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues | 8,743,851 | 17,450,292 |
Gross profit | (169,719) | (192,466) |
Depreciation and amortization | 3,774,674 | 3,930,060 |
Interest income | 5,790 | 58,818 |
Interest expense | 244,718 | 255,269 |
Income tax expense(benefit) | (526,325) | (647,795) |
Net income for the period- numerator (in Dollars) | (2,436,287) | $ (2,722,595) |
Total assets | $ 182,256,298 |  | $ 190,198,430

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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 3: 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(a)(12)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
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