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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of financial information for reportable segments

		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

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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