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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of financial information for reportable segments

		Three Months Ended
		June 30, 2020
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	23,136,915			$	2,379,806			$	845,552			$	-			$	-			$	26,362,273
Gross profit			2,429,407				(373,977	)			503,399				-				-				2,558,829
Depreciation and amortization			1,617,412				2,105,130				(902	)			-				-				3,721,640
Interest income			7,577				464				1,410				-				-				9,451
Interest expense			165,416				-				76,020				-				-				241,436
Income tax expense(benefit)			357,463				(525,769	)			88,865				-				-				(79,441	)
Net income (loss)			1,441,234				(1,349,174	)			324,495				(1,396,586	)			-				(980,031	)

		Three Months Ended
		June 30, 2019
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	32,413,830			$	1,206,118			$	-			$	-			$	-			$	33,619,948
Gross profit			3,581,797				(673,668	)			-				-				-				2,908,129
Depreciation and amortization			1,656,695				2,202,698				6				-				-				3,859,399
Interest income			1,468				26				62				-				-				1,556
Interest expense			199,615				-				39,156				-				-				238,771
Income tax expense(benefit)			631,292				(550,448	)			(14,921	)			14,747				-				80,670
Net income (loss)			2,480,493				(1,980,144	)			(33,415	)			(48,261	)			31,397				450,070

		Six Months Ended
		June 30, 2020
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	30,874,417			$	3,386,155			$	845,552			$	-			$	-			$	35,106,124
Gross profit			2,971,562				(1,085,851	)			503,399				-				-				2,389,110
Depreciation and amortization			3,124,039				4,240,501				131,774				-				-				7,496,314
Interest income			13,094				547				1,600				-				-				15,241
Interest expense			332,997				-				153,157				-				-				486,154
Income tax expense(benefit)			349,100				(1,048,685	)			79,102				14,717				-				(605,766	)
Net income (loss)			945,149				(2,944,112	)			124,098				(1,541,453	)			-				(3,416,318	)

		Six Months Ended
		June 30, 2019
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	49,864,122			$	1,206,118			$	-			$	-			$	-			$	51,070,240
Gross profit			3,389,331				(673,668	)			-				-				-				2,715,663
Depreciation and amortization			5,586,749				2,202,698				12				-				-				7,789,459
Loss from impairment and disposal of property, plant and equipment			-				-				-				-				-				-
Interest income			60,195				26				153				-				-				60,374
Interest expense			412,491				-				81,549				-				-				494,040
Income tax expense(benefit)			8,988				(550,448	)			(40,412	)			14,747				-				(567,125	)
Net income (loss)			39,665				(1,980,144	)			(72,222	)			(291,221	)			31,397				(2,272,525	)
		As of June 30, 2020
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Total assets		$	70,525,495				96,637,401				18,062,459				206,911				-				185,432,266
		As of December 31, 2019
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				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=120311839&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=120311839&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=121556970&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 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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