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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Three Months Ended March 31, 2020
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	7,737,502			$	1,006,349			$	-			$	-			$	-			$	8,743,851
Gross profit			542,155				(711,874	)			-				-				-				(169,719	)
Depreciation and amortization			1,506,627				2,135,371				132,676				-				-				3,774,674
Interest income			5,517				83				190				-				-				5,790
Interest expense			167,581				-				77,137				-				-				244,718
Income tax expense(benefit)			(8,363	)			(522,916	)			(9,763	)			14,717				-				(526,325	)
Net income (loss)			(496,085	)			(1,594,938	)			(200,397	)			(144,867	)			-				(2,436,287	)

		Three Months Ended March 31, 2019
		Dongfang				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	17,450,292			$	-			$	-			$	-			$	17,450,292
Gross profit			(192,466	)			-				-				-				(192,466	)
Depreciation and amortization			3,930,054				6				-				-				3,930,060
Interest income			58,727				91				-				-				58,818
Interest expense			212,876				42,393				-				-				255,269
Income tax expense(benefit)			(622,304	)			(25,491	)			-				-				(647,795	)
Net income (loss)			(2,440,828	)			(38,807	)			(242,960	)			-				(2,722,595	)

As of March 31, 2020

Dongfang

Hebei

Baoding

Not Attributable

Elimination

Enterprise-wide,

Paper

Tengsheng

Shengde

to Segments

of Inter-segment

consolidated

Total assets

$

67,512,415

96,555,230

18,151,252

37,401

-

182,256,298

As of December 31, 2019

Dongfang

Hebei

Baoding

Not Attributable

Elimination

Enterprise-wide,

Paper

Tengsheng

Shengde

to Segments

of Inter-segment

consolidated

Total assets

$

73,347,811

99,747,236

17,031,392

71,991

-

190,198,430

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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X

- References

No definition available.

+ Details

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