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Segment Reporting
 3 Months Ended
Mar. 31, 2021
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. 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 do share facilities in Xushui County, 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 
   March 31, 2021 
   Dongfang   Hebei   Baoding   Not Attributable   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                               
Revenues  $22,827,553   $1,251,416   $130,458   $-   $-   $24,209,427 
Gross profit   2,262,681    (456,207)   24,531    -    -    1,831,005 
Depreciation and amortization   1,833,101    2,257,067    2,319    -    -    4,092,487 
Interest income   2,366    206    1,761    -    -    4,333 
Interest expense   176,386    20,418    82,097    -    -    278,901 
Income tax expense(benefit)   416,855    (515,629)   (1,431)   -    -    (100,205)
Net income (loss)   1,087,209    (1,478,604)   (68,045)   (3,879,416)   -    (4,338,856)
                               
   As of March 31, 2021 
   Dongfang   Hebei   Baoding   Not Attributable   Elimination   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   of Inter-segment   consolidated 
                               
Total assets  $88,412,001    99,836,087    24,493,355    28,546,890    -    241,288,333 

   Three Months Ended March 31, 2020 
   Dongfang   Hebei   Baoding   Not Attributable   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                               
Revenues  $7,737,502   $1,006,349   $-   $-   $-   $8,743,851 
Gross profit   542,155    (711,874)   -    -    -    (169,719)
Depreciation and amortization   1,506,627    2,135,371    132,676    -    -    3,774,674 
Interest income   5,517    83    190    -    -    5,790 
Interest expense   167,581    -    77,137    -    -    244,718 
Income tax expense(benefit)   (8,363)   (522,916)   (9,763)   14,717    -    (526,325)
Net income (loss)   (496,085)   (1,594,938)   (200,397)   (144,867)   -    (2,436,287)
     
   As of December 31, 2020 
   Dongfang   Hebei   Baoding   Not Attributable   Elimination of   Enterprise-wide, 
   Paper   Tengsheng   Shengde   to Segments   Inter-segment   consolidated 
                                     
Total assets  $79,206,447    102,056,291    18,589,570                    199,874,474