XML 20 R46.htm IDEA: XBRL DOCUMENT v3.20.1
Loans Payable (Details) - USD ($)
1 Months Ended 3 Months Ended
Dec. 12, 2019
Nov. 06, 2018
Jul. 15, 2013
Apr. 17, 2019
Jun. 21, 2018
Apr. 16, 2014
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Loans Payable (Details) [Line Items]                  
Short-term bank loans             $ 6,069,075   $ 6,163,814
Maturity date, description             2020-2023    
Unsecured bank loans              
Average short-term borrowing rates             4.79% 4.76%  
Loans from credit union             $ 8,835,443   8,973,367
Loan extension period 2 years   5 years 2 years 5 years        
Long-term debt, Interest rate per month 7.56%     0.60%          
Total outstanding loan balance             1,213,815   1,232,763
Current portion of total outstanding loan             1,580,782   1,605,459
Non current portion of total outstanding loan             2,258,260   2,293,512
Interest expense for the short-term bank loans and long-term loans             244,718 $ 230,953  
ICBC Loan 3 [Member]                  
Loans Payable (Details) [Line Items]                  
Short-term bank loans             $ 6,069,075   6,163,814
Short-term bank loans, bore interest rate             4.785%    
ICBC Loan 4 [Member]                  
Loans Payable (Details) [Line Items]                  
Maturity date, description             December 23, 2020.    
Rural Credit Union Of Xushui County Loan [Member]                  
Loans Payable (Details) [Line Items]                  
Current portion of total outstanding loan             $ 141,141    
Non current portion of total outstanding loan             1,072,674    
Rural credit union of xushui District [Member]                  
Loans Payable (Details) [Line Items]                  
Installment repayment description   On November 6, 2018, the loan was renewed for additional 5 years and will be due and payable in various installments from December 21, 2018 to November 5, 2023.   On April 17, 2019, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which was due and payable in various installments from August 21, 2019 to April 16, 2021.   On April 16, 2014, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 5 years, which was originally due in various installments from June 21, 2014 to November 18, 2018.      
Loan extension period   5 years       5 years      
Total outstanding loan balance             3,528,532   3,583,613
Current portion of total outstanding loan             1,129,130   1,146,756
Rural credit union of xushui District [Member] | Long-term loan [Member]                  
Loans Payable (Details) [Line Items]                  
Total outstanding loan balance             $ 169,370   172,013
Current portion of total outstanding loan                 143,345
Non current portion of total outstanding loan                 1,089,418
Rural credit union of xushui District [Member] | New term loan agreement [Member]                  
Loans Payable (Details) [Line Items]                  
Long-term debt, Interest rate per month             0.64%    
Current portion of total outstanding loan             $ 3,359,162   3,411,600
Security loan agreement by manufacturing equipment             3,443,097   3,935,270
Rural credit union of xushui District One [Member]                  
Loans Payable (Details) [Line Items]                  
Long-term debt, Interest rate per month           0.64%      
Rural Credit Union of Xushui [Member]                  
Loans Payable (Details) [Line Items]                  
Non current portion of total outstanding loan             1,129,130   1,146,756
Rural Credit Union of Xushui Three [Member]                  
Loans Payable (Details) [Line Items]                  
Total outstanding loan balance             1,834,836   1,863,479
Rural credit union of xushui District Two [Member]                  
Loans Payable (Details) [Line Items]                  
Current portion of total outstanding loan             141,141   143,345
Non current portion of total outstanding loan             $ 1,693,695   $ 1,720,134