XML 93 R76.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Reporting (Details) - Summarized financial information for the two reportable segments is as follows: - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dongfang Paper [Member]          
Segment Reporting Information [Line Items]          
Revenues $ 30,756,297 $ 31,364,795 $ 61,630,714 $ 81,228,917  
Gross profit 2,888,037 5,978,125 5,859,599 9,367,456  
Depreciation and amortization 1,645,309 1,606,856 4,769,348 7,193,605  
Loss from impairment and disposal of property, plant and equipment        
Interest income 6,544 1,317 19,638 61,512  
Interest expense 172,003 194,992 505,000 607,483  
Income tax expense(benefit) 578,029 1,324,462 927,129 1,333,450  
Net income (loss) 1,722,774 3,968,168 2,667,923 4,007,833  
Total Assets 75,258,630   75,258,630   $ 73,347,811
Hebei Tengsheng [Member]          
Segment Reporting Information [Line Items]          
Revenues 2,380,052 1,573,122 5,766,207 2,779,240  
Gross profit (345,084) (603,393) (1,430,934) (1,277,061)  
Depreciation and amortization 2,155,505 2,151,329 6,396,006 4,354,027  
Loss from impairment and disposal of property, plant and equipment        
Interest income 977 47 1,524 73  
Interest expense 7,172 7,172  
Income tax expense(benefit) (538,191) (537,402) (1,586,876) (1,087,850)  
Net income (loss) (1,394,727) (1,611,552) (4,338,839) (3,591,696)  
Total Assets 99,754,660   99,754,660   99,747,236
Baoding Shengde [Member]          
Segment Reporting Information [Line Items]          
Revenues 221,102 1,066,654  
Gross profit 24,598 527,997  
Depreciation and amortization 4,575 6 136,349 18  
Loss from impairment and disposal of property, plant and equipment        
Interest income 1,023 49 2,623 202  
Interest expense 79,263 41,995 232,420 123,544  
Income tax expense(benefit) (13,490) (14,155) 65,612 (54,567)  
Net income (loss) (67,334) (31,487) 56,764 (103,709)  
Total Assets 18,262,508   18,262,508   17,031,392
Not Attributable to Segments [Member]          
Segment Reporting Information [Line Items]          
Revenues  
Gross profit  
Depreciation and amortization  
Loss from impairment and disposal of property, plant and equipment        
Interest income  
Interest expense  
Income tax expense(benefit)   14,717 14,747  
Net income (loss) (781,687) 13,777 (2,323,140) (277,444)  
Total Assets 54,165   54,165   71,991
Elimination of Inter-segment [Member]          
Segment Reporting Information [Line Items]          
Revenues  
Gross profit  
Depreciation and amortization  
Loss from impairment and disposal of property, plant and equipment        
Interest income  
Interest expense  
Income tax expense(benefit)  
Net income (loss) (879) 30,518  
Total Assets      
Enterprise-wide, consolidated [Member]          
Segment Reporting Information [Line Items]          
Revenues 33,357,451 32,937,917 68,463,575 84,008,157  
Gross profit 2,567,551 5,374,732 4,956,662 8,090,395  
Depreciation and amortization 3,805,389 3,758,191 11,301,703 11,547,650  
Loss from impairment and disposal of property, plant and equipment        
Interest income 8,544 1,413 23,785 61,787  
Interest expense 258,438 236,987 744,592 731,027  
Income tax expense(benefit) 26,348 772,905 (579,418) 205,780  
Net income (loss) (520,974) $ 2,338,027 (3,937,292) $ 65,502  
Total Assets $ 193,329,964   $ 193,329,964   $ 190,198,430