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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of financial information for reportable segments

		Year Ended
		December 31, 2021
		Dongfang Paper				Hebei Tengsheng				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, consolidated
Revenues		$	151,574,318				8,765,380				5,878,568				-				(5,336,546	)			160,881,720
Gross profit			12,138,849				(1,255,190	)			133,900				-				-				11,017,559
Depreciation and amortization			5,213,598				8,408,713				1,736,141				-				-				15,358,452
Interest income			24,732				1,703				12,331				-				-				38,766
Interest expense			717,265				71,798				335,639				-				-				1,124,702
Income tax expense(benefit)			2,348,694				3,197,629				(14,086	)			14,717				-				5,546,954
Net income (loss)			6,744,417				(10,620,350	)			(322,525	)			5,103,993				-				905,535

		Year Ended
		December 31, 2020
		Dongfang Paper				Hebei Tengsheng				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, 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	)

As of December 31, 2021

Dongfang

Hebei

Baoding

Not Attributable

Elimination of

Enterprise-wide,

Paper

Tengsheng

Shengde

to Segments

Inter-segment

consolidated

Total assets

$

109,369,167

93,841,874

29,181,392

9,142,769

-

241,535,202

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

22,166

-

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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

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X

- References

No definition available.

+ Details

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