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Bank Loans (Tables) | 6 Months Ended
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Jun. 30, 2018
Debt Disclosure [Abstract] |
Schedule of Short-Term Bank Debt | (a) Short-term bank loans
|  | June 30, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | (Unaudited) |  |  |  |
Secured short-term loans |  | $ | 7,280,369 |  |  | $ | 7,817,610 |
Total short-term bank loans |  | $ | 7,280,369 |  |  | $ | 7,817,610 |
Schedule of Secured Short-Term Bank Debt | Detailed information of secured short-term loan balances as of June 30, 2018 and December 31, 2017 were as follows:
|  | June 30, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | (Unaudited) |  |  |  |
Guaranteed by High-tech Investment Company(i) and Mr. Lin |  | $ | 1,057,315 |  |  | $ | 1,536,480 |
Guaranteed by IST and guaranteed by Mr. Lin and guaranteed by Biznest and collateralized by IST |  |  | 4,531,350 |  |  |  | 4,609,440 |
Guaranteed by IST and guaranteed by iASPEC and Collateralized by ISIOT and Secured by ISTIL |  |  | 1,691,704 |  |  |  | 1,671,690 |
Total |  | $ | 7,280,369 |  |  | $ | 7,817,610 |
(i) High-tech Investment Company is an unrelated third party.

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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