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Segment Reporting
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting

(18) Segment Reporting


Since March 10, 2010, Baoding Shengde started its operations and thereafter the Company manages its operations through two business operating segments: Dongfang Paper, which produces offset printing paper and corrugating medium paper and Baoding Shengde, which produces digital photo paper and single-use face masks. They are managed separately because each business requires different technology and marketing strategies.


The Company evaluates performance of its operating segments based on net income. Administrative functions such as finance, treasury, and information systems are centralized. However, where applicable, portions of the administrative function expenses are allocated between the operating segments based on gross revenue generated. The operating segments share facilities in Xushui District, Baoding City, Hebei Province, China. All sales were sold to customers located in the PRC.


Summarized financial information for the three reportable segments is as follows:


   Three Months Ended 
   September 30, 2020 
   Dongfang   Hebei   Baoding   Not
Attributable		   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                         
Revenues  $30,756,297   $2,380,052   $221,102   $      -   $      -   $33,357,451 
Gross profit   2,888,037    (345,084)   24,598    -    -    2,567,551 
Depreciation and amortization   1,645,309    2,155,505    4,575    -    -    3,805,389 
Interest income   6,544    977    1,023    -    -    8,544 
Interest expense   172,003    7,172    79,263    -    -    258,438 
Income tax expense(benefit)   578,029    (538,191)   (13,490)   -    -    26,348 
Net income (loss)   1,722,774    (1,394,727)   (67,334)   (781,687)   -    (520,974)

   Nine Months Ended 
   September 30, 2020 
   Dongfang   Hebei   Baoding   Not
Attributable		   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                         
Revenues  $61,630,714    5,766,207    1,066,654          -          -    68,463,575 
Gross profit   5,859,599    (1,430,934)   527,997    -    -    4,956,662 
Depreciation and amortization   4,769,348    6,396,006    136,349    -    -    11,301,703 
Loss from impairment and disposal of property, plant and equipment   -    -    -    -    -    - 
Interest income   19,638    1,524    2,623    -    -    23,785 
Interest expense   505,000    7,172    232,420    -    -    744,592 
Income tax expense(benefit)   927,129    (1,586,876)   65,612    14,717    -    (579,418)
Net income (loss)   2,667,923    (4,338,839)   56,764    (2,323,140)   -    (3,937,292)

   As of September 30, 2020 
   Dongfang   Hebei   Baoding   Not
Attributable		   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                               
Total assets  $75,258,630    99,754,660    18,262,508    54,165          -    193,329,964 

   Three Months Ended 
   September 30, 2019 
               Not       Enterprise- 
   Dongfang   Hebei   Baoding   Attributable   Elimination of   wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                         
Revenues  $31,364,795   $1,573,122   $     -   $     -   $     -   $32,937,917 
Gross profit   5,978,125    (603,393)   -    -    -    5,374,732 
Depreciation and amortization   1,606,856    2,151,329    6    -    -    3,758,191 
Interest income   1,317    47    49    -    -    1,413 
Interest expense   194,992    -    41,995    -    -    236,987 
Income tax expense(benefit)   1,324,462    (537,402)   (14,155)   -    -    772,905 
Net income (loss)   3,968,168    (1,611,552)   (31,487)   13,777    (879)   2,338,027 

   Nine Months Ended 
   September 30, 2019 
               Not         
   Dongfang   Hebei   Baoding   Attributable   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                         
Revenues  $81,228,917   $2,779,240   $     -   $     -   $     -   $84,008,157 
Gross profit   9,367,456    (1,277,061)   -    -    -    8,090,395 
Depreciation and amortization   7,193,605    4,354,027    18    -    -    11,547,650 
Loss from impairment and disposal of property, plant and equipment   -    -    -    -    -    - 
Interest income   61,512    73    202    -    -    61,787 
Interest expense   607,483    -    123,544    -    -    731,027 
Income tax expense(benefit)   1,333,450    (1,087,850)   (54,567)   14,747    -    205,780 
Net income (loss)   4,007,833    (3,591,696)   (103,709)   (277,444)   30,518    65,502 

   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