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v3.22.2

Segment Reporting (Details) - Schedule of financial informations for reportable segments - USD ($) | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021
Dongfang Paper [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Revenues | $ 31,289,918 | $ 43,997,853 | $ 46,316,551 | $ 66,825,406 |
Gross profit (loss) | 1,430,181 | 3,233,548 | 2,287,725 | 5,496,229 |
Depreciation and amortization | 1,210,646 | 927,090 | 2,481,138 | 2,760,191 |
Interest income | 1,787 | 8,614 | 3,743 | 10,980 |
Interest expense | 167,431 | 181,175 | 340,620 | 357,561 |
Income tax expense(benefit) | 134,982 | 617,975 | 54,583 | 1,034,830 |
Net income (loss) | 650,767 | 1,847,997 | (53,906) | 2,935,206 |
Total assets | 62,656,905 |  | 62,656,905 |  | $ 109,369,166
Hebei Tengsheng [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Revenues | 411,388 | 2,727,000 | 809,776 | 3,978,416 |
Gross profit (loss) | (814,347) | (232,251) | (1,378,124) | (688,458) |
Depreciation and amortization | 2,188,973 | 2,283,861 | 4,250,910 | 4,540,928 |
Interest income | 226 | 600 | 396 | 806 |
Interest expense | 10,862 | 18,932 | 24,369 | 39,350 |
Income tax expense(benefit) | (379,460) | 4,494,672 | (790,651) | 3,979,043 |
Net income (loss) | (2,003,653) | (6,482,307) | (3,609,095) | (7,960,911) |
Total assets | 133,736,099 |  | 133,736,099 |  | 93,841,874
Baoding Shengde [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Revenues | 87,578 | 2,794,759 | 144,175 | 2,925,217 |
Gross profit (loss) | 18,203 | 27,722 | 34,881 | 52,253 |
Depreciation and amortization | 419,464 | 862,965 | 860,271 | 865,284 |
Interest income | 2,911 | 2,505 | 4,240 | 4,266 |
Interest expense | 80,813 | 83,792 | 164,930 | 165,889 |
Income tax expense(benefit) | 649 | (4,777) | 143,250 | (6,208) |
Net income (loss) | (52,758) | (85,776) | (284,648) | (153,821) |
Total assets | 23,323,044 |  | 23,323,044 |  | 29,181,392
Not Attributable to Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Revenues |  |  |  |  |
Gross profit (loss) |  |  |  |  |
Depreciation and amortization |  |  |  |  |
Interest income |  |  |  |  |
Interest expense |  |  |  |  |
Income tax expense(benefit) |  | 14,717 |  |  |
Net income (loss) | 1,119,571 | 4,266,838 | 1,139,359 |  |
Total assets | 5,745,345 |  | 5,745,345 |  | 9,142,770
Elimination of Inter-segment [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Revenues |  | (2,984,697) |  |  |
Gross profit (loss) |  |  |  |  |
Depreciation and amortization |  |  |  |  |
Interest income |  |  |  |  |
Interest expense |  |  |  |  |
Income tax expense(benefit) |  |  |  |  |
Net income (loss) | (1,840) |  | 32,163 |  |
Total assets |  |  |  |  |
Enterprise-wide, consolidated [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Revenues | 31,788,884 | 46,534,915 | 47,270,502 | 70,744,342 |
Gross profit (loss) | 634,037 | 3,029,019 | 944,482 | 4,860,024 |
Depreciation and amortization | 3,819,083 | 4,073,916 | 7,592,319 | 8,166,403 |
Interest income | 4,924 | 11,719 | 8,379 | 16,052 |
Interest expense | 259,106 | 283,899 | 529,919 | 562,800 |
Income tax expense(benefit) | (243,829) | 5,122,587 | (592,818) | 5,022,382 |
Net income (loss) | (287,913) | $ (453,248) | (2,776,127) | $ (4,792,104) |
Total assets | $ 225,461,393 |  | $ 225,461,393 |  | $ 241,535,202

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