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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of financial information for reportable segments

		Year Ended
		December 31, 2020
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	91,426,671				8,414,654				1,101,944				-				-				100,943,269
Gross profit			7,000,150				(1,828,214	)			530,049				-				-				5,701,985
Depreciation and amortization			7,039,687				8,613,750				140,417				-				-				15,793,854
Interest income			27,046				1,770				3,217				-				-				32,033
Interest expense			683,605				28,083				314,824				-				-				1,026,512
Income tax expense(benefit)			967,408				(2,140,532	)			56,550				14,717				-				(1,101,857	)
Net income (loss)			2,849,742				(5,837,914	)			(42,250	)			(2,523,580	)			-				(5,554,002	)
Total Assets			79,206,447				102,056,291				18,589,570				22,166				-				199,874,474

		Year Ended
		December 31, 2019
		Dongfang				Hebei				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Tengsheng				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	113,072,638			$	4,541,099			$	1,149			$	-			$	-			$	117,614,886
Gross profit			15,722,266				(2,030,942	)			(11,806	)			-				-				13,679,518
Depreciation and amortization			8,812,363				6,491,653				23				-				-				15,304,039
Loss from impairment and disposal of
property, plant and equipment			-				-				-				-				-				-
Interest income			64,313				108				296				-				-				64,717
Interest expense			758,177				-				168,191				-				-				926,368
Income tax expense(benefit)			2,769,607				(1,632,012	)			(76,239	)			14,747				-				1,076,103
Net income (loss)			8,302,244				(5,444,598	)			(157,607	)			(478,857	)							2,221,182
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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X

- References

No definition available.

+ Details

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