IT Tech Packaging (ITP) 10-Q 11 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 11, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Orient Paper Inc.
Entity Central Index Key	1,358,190
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		21,450,316

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 3,651,469	$ 2,641,917
Restricted cash	8,729,029	10,779,845
Accounts receivable (net of allowance for doubtful accounts of $73,693 and $38,865 as of March 31, 2016 and December 31, 2015, respectively)	3,616,350	1,904,396
Inventories	9,881,477	9,205,420
Prepayments and other current assets	499,459	1,812,415
Total current assets	26,377,784	26,343,993
Prepayment on property, plant and equipment	1,411,503	1,404,460
Property, plant, and equipment, net	203,317,757	206,191,158
Value-added tax recoverable	3,109,586	3,266,454
Deferred tax assets	2,025,261	1,420,854
Total Assets	236,241,891	238,626,919
Current Liabilities
Short-term bank loans	13,929,301	13,859,800
Current obligations under capital lease	6,761,558	6,860,412
Accounts payable	849,581	253,425
Notes payable	8,729,029	13,859,800
Due to a related party	409,292	368,751
Accrued payroll and employee benefits	291,894	531,912
Other payables and accrued liabilities	4,645,158	3,902,971
Income taxes payable	1,305,529	600,876
Total current liabilities	36,921,342	40,237,947
Loans from credit union	5,200,272	5,174,325
Loans from a related party	13,929,301	13,859,800
Deferred gain on sale-leaseback	274,400	327,637
Long-term obligations under capital lease	3,166,457	3,217,785
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $59,457,062 and $62,775,049 as of March 31, 2016 and December 31, 2015, respectively)	$ 59,491,772	$ 62,817,494
Commitments and Contingencies
Stockholders' Equity
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 and 20,316,400 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	$ 21,450	$ 20,316
Additional paid-in capital	50,635,243	49,218,982
Statutory earnings reserve	6,080,574	6,080,574
Accumulated other comprehensive income	7,240,214	6,343,019
Retained earnings	112,772,638	114,146,534
Total stockholders' equity	176,750,119	175,809,425
Total Liabilities and Stockholders' Equity	$ 236,241,891	$ 238,626,919

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 73,693	$ 38,865
Consolidated VIE, liabilities	$ 59,457,062	$ 62,775,049
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	21,450,316	20,316,400
Common stock, shares outstanding	21,450,316	20,316,400

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statements of Income and Comprehensive Income [Abstract]
Revenues	$ 27,914,333	$ 26,504,344
Cost of Sales	(24,148,449)	(21,517,611)
Gross Profit	3,765,884	4,986,733
Selling, general and administrative expenses	(4,346,251)	(1,706,392)
Income (Loss) from Operations	(580,367)	3,280,341
Other Income (Expense):
Interest income	$ 30,787	48,808
Subsidy income		230,043
Interest expense	$ (720,889)	(648,218)
Income (Loss) before Income Taxes	(1,270,469)	2,910,974
Provision for Income Taxes	(103,427)	(805,485)
Net Income (Loss)	(1,373,896)	2,105,489
Other Comprehensive Income:
Foreign currency translation adjustment	897,195	(667,546)
Total Comprehensive Income(Loss)	$ (476,701)	$ 1,437,943
Earnings (Loss) Per Share:
Basic and Fully Diluted Earnings per Share	$ (0.06)	$ 0.1
Weighted Average Number of Shares
Outstanding - Basic and Fully Diluted	21,311,726	20,316,400

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net income (loss)	$ (1,373,896)	$ 2,105,489
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	4,167,672	2,514,884
Allowance for bad debts	34,325	$ 2,132
Share-based compensation expenses	1,417,395
Deferred tax	(591,959)	$ (150,970)
Changes in operating assets and liabilities:
Accounts receivable	(1,721,557)	(106,604)
Prepayments and other current assets	1,481,966	2,093,569
Inventories	(624,282)	(3,818,979)
Accounts payable	589,584	839,255
Notes payable	(5,153,927)	(5,958,777)
Accrued payroll and employee benefits	(240,522)	(136,260)
Other payables and accrued liabilities	833,835	(315,737)
Income taxes payable	695,387	956,456
Net Cash Used in Operating Activities	(485,979)	(1,975,542)
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(428,842)	(2,671,647)
Net Cash Used in Investing Activities	(428,842)	(2,671,647)
Cash Flows from Financing Activities:
Proceeds from related party loans	14,000	80,000
Repayments of related party loans	(14,000)	(80,000)
Payment of capital lease obligation	(198,931)	(471,459)
Release of restricted cash	2,086,113	3,793,429
Net Cash Provided by Financing Activities	1,887,182	3,321,970
Effect of Exchange Rate Changes on Cash and Cash Equivalents	37,191	(21,687)
Net Increase/(Decrease) in Cash and Cash Equivalents	1,009,552	(1,346,906)
Cash and Cash Equivalents - Beginning of Period	2,641,917	3,891,473
Cash and Cash Equivalents - End of Period	3,651,469	2,544,567
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost	$ 539,987	$ 302,281
Cash paid for income taxes

Organization and Business Backg

Organization and Business Background	3 Months Ended
	Mar. 31, 2016
Organization and Business Background [Abstract]
Organization and Business Background	(1) Organization and Business Background Orient Paper, Inc. was incorporated in the State of Nevada on December 9, 2005, under the name “Carlateral, Inc.” Through the steps described immediately below, we became the holding company for Hebei Baoding Orient Paper Milling Company Limited (“Orient Paper HB”), a producer and distributor of paper products in China, on October 29, 2007, and effective December 21, 2007, we changed our name to “Orient Paper, Inc.” to more accurately describe our business. On October 29, 2007, pursuant to an agreement and plan of merger (the “Merger Agreement”), the Company acquired DongfangZhiye Holding Limited (“Dongfang Holding”), a corporation formed on November 13, 2006 under the laws of the British Virgin Islands, and issued the shareholders of Dongfang Holding an aggregate of 7,450,497 (as adjusted for a four-for-one reverse stock split effected in November 2009) shares of our common stock, which shares were distributed pro-rata to the shareholders of Dongfang Holding in accordance with their respective ownership interests in Dongfang Holding. At the time of the Merger Agreement, Dongfang Holding owned all of the issued and outstanding stock and ownership of Orient Paper HB and such shares of Orient Paper HB were held in trust with Zhenyong Liu, Xiaodong Liu and Shuangxi Zhao, for Mr. Liu, Mr. Liu and Mr. Zhao (the original shareholders of Orient Paper HB) to exercise control over the disposition of Dongfang Holding’s shares in Orient Paper HB on Dongfang Holding’s behalf until Dongfang Holding successfully completed the change in registration of Orient Paper HB’s capital with the relevant PRC Administration of Industry and Commerce as the 100% owner of Orient Paper HB’s shares. As a result of the merger transaction, Dongfang Holding became a wholly owned subsidiary of the Company, and Dongfang Holding’s wholly owned subsidiary, Orient Paper HB, became an indirectly owned subsidiary of the Company. Dongfang Holding, as the 100% owner of Orient Paper HB, was unable to complete the registration of Orient Paper HB’s capital under its name within the proper time limits set forth under PRC law. In connection with the consummation of the restructuring transactions described below, Dongfang Holding directed the trustees to return the shares of Orient Paper HB to their original shareholders, and the original Orient Paper HB shareholders entered into certain agreements with Baoding Shengde Paper Co., Ltd. (“Orient Paper Shengde”) to transfer the control of Orient Paper HB over to Orient Paper Shengde. On June 24, 2009, the Company consummated a number of restructuring transactions pursuant to which it acquired all of the issued and outstanding shares of Shengde Holdings Inc, a Nevada corporation. Shengde Holdings Inc was incorporated in the State of Nevada on February 25, 2009. On June 1, 2009, Shengde Holdings Inc incorporated Orient Paper Shengde, a limited liability company organized under the laws of the PRC. Because Orient Paper Shengde is a wholly-owned subsidiary of Shengde Holdings Inc, it is regarded as a wholly foreign-owned entity under PRC law. To ensure proper compliance of the Company’s control over the ownership and operations of Orient Paper HB with certain PRC regulations, on June 24, 2009, the Company entered into a series of contractual agreements (the “Contractual Agreements”) with Orient Paper HB and Orient Paper HB Equity Owners via the Company’s wholly owned subsidiary Shengde Holdings Inc (“Shengde Holdings”) a Nevada corporation and Baoding Shengde Paper Co., Ltd. (“Orient Paper Shengde”), a wholly foreign-owned enterprise in the PRC with an original registered capital of $10,000,000 (subsequently increased to $60,000,000 in June 2010). Orient Paper Shengde is mainly engaged in production and distribution of digital photo paper and is 100% owned by Shengde Holdings. Prior to February 10, 2010, the Contractual Agreements included (i) Exclusive Technical Service and Business Consulting Agreement, which generally provides that Orient Paper Shengde shall provide exclusive technical, business and management consulting services to Orient Paper HB, in exchange for service fees including a fee equivalent to 80% of Orient Paper HB’s total annual net profits; (ii) Loan Agreement, which provides that Orient Paper Shengde will make a loan in the aggregate principal amount of $10,000,000 to Orient Paper HB Equity Owners in exchange for each such shareholder agreeing to contribute all of its proceeds from the loan to the registered capital of Orient Paper HB; (iii) Call Option Agreement, which generally provides, among other things, that Orient Paper HB Equity Owners irrevocably grant to Orient Paper Shengde an option to purchase all or part of each owner’s equity interest in Orient Paper HB. The exercise price for the options shall be RMB1 which Orient Paper Shengde should pay to each of Orient Paper HB Equity Owner for all their equity interests in Orient Paper HB; (iv) Share Pledge Agreement, which provides that Orient Paper HB Equity Owners will pledge all of their equity interests in Orient Paper HB to Orient Paper Shengde as security for their obligations under the other agreements described in this section. Specifically, Orient Paper Shengde is entitled to dispose of the pledged equity interests in the event that Orient Paper HB Equity Owners breach their obligations under the Loan Agreement or Orient Paper HB fails to pay the service fees to Orient Paper Shengde pursuant to the Exclusive Technical Service and Business Consulting Agreement; and (v) Proxy Agreement, which provides that Orient Paper HB Equity Owners shall irrevocably entrust a designee of Orient Paper Shengde with such shareholder’s voting rights and the right to represent such shareholder to exercise such owner’s rights at any equity owners’ meeting of Orient Paper HB or with respect to any equity owner action to be taken in accordance with the laws and Orient Paper HB’s Articles of Association. The terms of the agreement are binding on the parties for as long as Orient Paper HB Equity Owners continue to hold any equity interest in Orient Paper HB. An Orient Paper HB Equity Owner will cease to be a party to the agreement once it transfers its equity interests with the prior approval of Orient Paper Shengde. As the Company had controlled Orient Paper HB since July 16, 2007 through Dongfang Holding and the trust until June 24, 2009, and continues to control Orient Paper HB through Orient Paper Shengde and the Contractual Agreements, the execution of the Contractual Agreements is considered as a business combination under common control. On February 10, 2010, Orient Paper Shengde and the Orient Paper HB Equity Owners entered into a Termination of Loan Agreement to terminate the above $10,000,000 Loan Agreement. Because of the Company’s decision to fund future business expansions through Orient Paper Shengde instead of Orient Paper HB, the $10,000,000 loan contemplated was never made prior to the point of termination. The parties believe the termination of the Loan Agreement does not in itself compromise the effective control of the Company over Orient Paper HB and its businesses in the PRC. An agreement was also entered into among Orient Paper Shengde, Orient Paper HB and the Orient Paper HB Equity Owners on December 31, 2010, reiterating that Orient Paper Shengde is entitled to 100% of the distributable profit of Orient Paper HB, pursuant to the above mentioned Contractual Agreements. In addition, Orient Paper HB and the Orient Paper HB Equity Owners shall not declare any of Orient Paper HB’s unappropriated earnings as dividend, including the unappropriated earnings of Orient Paper HB from its establishment to 2010 and thereafter. Orient Paper has no direct equity interest in Orient Paper HB. However, through the Contractual Agreements described above Orient Paper is found to be the primary beneficiary of Orient Paper HB and is deemed to have the effective control over Orient Paper HB’s activities that most significantly affect its economic performance, resulting in Orient Paper HB being treated as a controlled variable interest entity of Orient Paper in accordance with Topic 810 - Consolidation of the Accounting Standards Codification (the “ASC”) issued by the Financial Accounting Standard Board (the “FASB”). The revenue of the Company generated from Orient Paper HB for the three months ended March 31, 2016 and 2015 were 98.88% and 100.00%, respectively. Orient Paper HB also accounted for 86.03% and 85.96% of the total assets of the Company as of March 31, 2016 and December 31, 2015, respectively. As of March 31, 2016 and December 31, 2015, details of the Company’s subsidiaries and variable interest entities are as follows: Place of Date of Incorporation Incorporation or Percentage of Name or Establishment Establishment Ownership Principal Activity Subsidiary: Dongfang Holding November 13, 2006 BVI 100% Inactive investment holding Shengde Holdings February 25, 2009 State of Nevada 100% Investment holding Orient Paper Shengde June 1, 2009 PRC 100% Paper Production and distribution Variable interest entity: Orient Paper HB March 10, 1996 PRC Control* Paper Production and distribution * Orient Paper HB is treated as a 100% controlled variable interest entity of the Company However, uncertainties in the PRC legal system could cause the Company’s current ownership structure to be found in violation of any existing and/or future PRC laws or regulations and could limit the Company’s ability, through the Primary Beneficiaries, to enforce its rights under these contractual arrangements. Furthermore, shareholders of the VIE may have interests that are different with those of the Company, which could potentially increase the risk that they would seek to act in contrary to the terms of the aforementioned agreements. In addition, if the current structure or any of the contractual arrangements were found to be in violation of any existing or future PRC law, the Company may be subject to penalties, which may include but not be limited to, the cancellation or revocation of the Company’s business and operating licenses, being required to restructure the Company’s operations or discontinue the Company’s operating activities. The imposition of any of these or other penalties may result in a material and adverse effect on the Company’s ability to conduct its operations. In such case, the Company may not be able to operate or control the VIE, which may result in deconsolidation of the VIE. The Company has aggregated the financial information of Orient Paper HB in the table below. The aggregate carrying value of Orient Paper HB’s assets and liabilities (after elimination of intercompany transactions and balances) in the Company’s condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 are as follows: March 31, 2016 December 31, 2015 ( Unaudited) ASSETS Current Assets Cash and cash equivalents $ 3,282,680 $ 2,363,525 Restricted cash 8,729,029 10,779,845 Accounts receivable 3,610,974 1,904,396 Inventories 9,604,295 8,741,974 Prepayments and other current assets 333,712 1,792,188 　 　 Total current assets 25,560,690 25,581,928 　 　 Prepayment on property, plant and equipment 1,411,503 1,404,460 Property, plant, and equipment, net 174,562,507 176,913,064 Deferred tax assets 1,703,569 1,217,896 Total Assets $ 203,238,269 $ 205,117,348 LIABILITIES Current Liabilities Short-term bank loans $ 13,929,301 $ 13,859,800 Current obligations under capital lease 6,761,558 6,860,412 Accounts payable 839,670 253,425 Notes payable 8,729,029 13,859,800 Due to a related party 409,292 368,751 Accrued payroll and employee benefits 277,951 503,203 Other payables and accrued liabilities 4,634,176 3,889,235 Income taxes payable 1,305,619 600,876 　 　 Total current liabilities 36,886,596 40,195,502 　 　 Loans from credit union 5,200,272 5,174,325 Loans from a related party 13,929,301 13,859,800 Deferred gain on sale-leaseback 274,400 327,637 Long-term obligations under capital lease 3,166,457 3,217,785 　 　 Total liabilities $ 59,457,026 $ 62,775,049 No creditor (or beneficial interest holders) of the VIE have recourse to the general credit of the Primary Beneficiaries in normal.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	(2) Basis of Presentation and Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q. Accordingly, certain information and notes required by the United States of America generally accepted accounting principles (“GAAP”) for annual financial statements are not included herein. These interim statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2015 of Orient Paper, Inc. a Nevada corporation, and its subsidiaries and variable interest entity (which we sometimes refer to collectively as “Orient Paper”, “we”, “us” or “our”). Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of March 31, 2016 and the results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for any future period. Our unaudited condensed consolidated financial statements are prepared in accordance with GAAP. These accounting principles require us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that the estimates, judgments and assumptions are reasonable, based on information available at the time they are made. Actual results could differ materially from those estimates. Valuation of long-lived asset The Company reviews the carrying value of long-lived assets to be held and used when events and circumstances warrants such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset and intangible assets. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets and intangible assets to be disposed are determined in a similar manner, except that fair market values are reduced for the cost to dispose. Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. Its establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts that the Company could realize in a current market exchange. As of March 31, 2016 and December 31, 2015, the carrying value of the Company’s short term financial instruments, such as cash and cash equivalents, accounts receivable, accounts and notes payable, short-term bank loans and balance due to a related party, approximate at their fair values because of the short maturity of these instruments, were classified as Level 1 of the fair value hierarchy; while loans from Credit union, loans from a related party and obligation under capital lease approximate at their fair value as the interest rates thereon are close to the market rates of interest published by the People’s Bank of China. The carrying amount of the stock warrants is recorded at fair value and is determined using the Binominal pricing model based on the Company's stock price at the measurement date, exercise price of the warrant, risk-free rate and historical volatility. The Company classified these instruments as a Level 3 of the fair value hierarchy. See Note (13) below. Non-Recurring Fair Value Measurements The Company reviews long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate the possibility of impairment. For the continuing operations, long-lived assets are measured at fair value on a nonrecurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. For discontinued operations, long-lived assets are measured at the lower of carrying amount or fair value less cost to sell. The fair value of these assets were determined using models with significant unobservable inputs which were classified as Level 3 inputs, primarily the discounted future cash flow. Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation, which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of such instruments over the vesting period. The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees to account for stock-based compensation awards issued to non-employees for services. Such awards for services are recorded at either the fair value of the consideration received or the fair value of the instruments issued in exchange for such services, whichever is more reliably measurable. Liquidity and Going Concern As of March 31, 2016 the Company had current assets of $26,377,784 and current liabilities of $36,921,342 (including amounts due to related parties of $1,146,998, resulting in a working capital deficit of approximately $10,543,558; while as of December 31, 2015, the Company had current assets of $26,343,993 and current liabilities of $40,237,947 (including amounts due to related parties of $920,866), resulting in a working capital deficit of approximately $13,893,954. We are currently seeking to restructure the term of our liabilities by raising funds through long-term loans to pay off liabilities with shorter terms. Our ability to continue as a going concern is dependent upon obtaining the necessary financing or negotiating the terms of the existing short-term liabilities to meet our current and future liquidity needs. On December 10, 2014, the Company entered an agreement with the Company’s Chairman and Chief Executive Officer (“CEO”), Mr. Zhenyong Liu, to loan $9,286,201 to the Company for working capital purpose with an annual interest rate based on the People’s Bank of China at of the time of receipt and was set at 5.25% per annum. (see Note (9) below). The accrued interest under this agreement owned to Mr. Zhenyong Liu was approximately $168,312, which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On March 1, 2015, the Company entered an agreement with Mr. Zhenyong Liu, which allows Orient Paper HB to borrow from the CEO with an amount up to $18,572,401 (RMB120,000,000) for working capital purposes. The advances or funding under the agreement are due in three years from the date each amount is funded. The loan will be unsecured and carry an annual interest rate set on the basis of the primary lending rate of the People’s Bank of China at the time of the borrowing. As of March 31, 2016, $4,643,100 was drawn from the facility. On July 1, 2015, Orient Paper HB, Shijiazhuang Office of China Orient Asset Management Corporation ( “ ” “ ” On July 13, 2015, the Company and Mr. Zhenyong Liu entered into an agreement to loan $4,643,100 (RMB30,000,000) to the Company, with an annual interest rate based on the People’s Bank of China at of the time of receipt and was set at 5.25% per annum. (see Note (9) below). The accrued interest under this agreement owned to Mr. Zhenyong Liu was approximately $172,665, which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On December 31, 2015, the Company paid off a loan of $2,249,279 from Mr. Zhenyong Liu due to expiry, together with the interest of $391,374 through year 2013 to 2015. (see Note (9) below). As a result, regarding to the loan, there was still approximately $396,729 of interest due to Mr. Zhenyong Liu which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On May 4, 2016, Mr. Zhenyong Liu agreed to permit the Company to continue to postpone the repayment of the accrued interest on his loan to Orient Paper HB until the Company is able to pay its other creditors in its normal course of business. The accrued interest owned to Mr. Zhenyong Liu was approximately $737,706, which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On May 4, 2016, Hebei Fangsheng Real Estate Development Co. Ltd. (“Hebei Fangsheng”), a real estate development company owned by Mr. Zhenyong Liu, our Chairman and Chief Executive Officer and his family, agreed to permit the Company to continue to postpone the repayment of the accrued rental charged to Orient Paper HB until the earliest date on which the Company's quarterly or annual financial statements filed with the SEC show a satisfactory working capital level. The accrued rental owned to Hebei Fangsheng was approximately $409,292 and $368,751, which was recorded in due to a related party as part of the current liabilities as of March 31, 2016 and December 31, 2015, respectively. (see Note (9) below). Although management believes it can secure financial resources to satisfy the Company's current liabilities and the capital expenditure needs in the next 12 months, there are no guarantees that these financial resources will be secured. Therefore, there is a substantial doubt about the ability of the Company to continue as a going concern that it may be unable to realize its assets and discharge its liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2016
Restricted Cash [Abstract]
Restricted Cash	(3) Restricted Cash Restricted cash of $8,729,029 as of March 31, 2016 was presented for the cash deposited at the Bank of Hebei and the Commercial Bank of the City of Zhangjiakou for purpose of securing the bank acceptance notes from these banks (see Note (10)). The restriction will be lifted upon the maturity of the notes payable from April 23, 2016 through August 3, 2016. Restricted cash of $10,779,845 as of December 31, 2015 was presented for the cash deposited at the Bank of Hebei, and the Commercial Bank of the City of Zhangjiakou for purpose of securing the bank acceptance notes from these banks (see Note (10)). The restriction has been/will be lifted upon the maturity of the notes payable from January 7, 2016 through April 23, 2016.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventories [Abstract]
Inventories	(4) Inventories Raw materials inventory includes mainly recycled paper and coal. Finished goods include mainly products of corrugating medium paper, offset printing paper and tissue paper products. Inventories consisted of the following as of March 31, 2016 and December 31, 2015: March 31, December 31, Raw Materials 　 　 Recycled paper board $ 5,538,985 $ 4,416,252 Recycled white scrap paper 2,128,891 1,880,323 Coal 418,864 453,665 Base paper and other raw materials 275,855 296,272 　 　 8,362,595 7,046,512 Finished Goods 1,518,882 2,158,908 Totals $ 9,881,477 $ 9,205,420

Prepayments and Other Current A

Prepayments and Other Current Assets	3 Months Ended
	Mar. 31, 2016
Prepayments and Other Current Assets [Abstract]
Prepayments and other current assets	(5) Prepayments and other current assets Prepayments and other current assets consisted of the following as of March 31, 2016 and December 31, 2015: March 31, 2016 December 31, Recoverable VAT $ 153,222 $ 453,964 Prepayment for purchase of materials 12,382 884,932 Prepaid land lease 325,017 461,993 Others 8,838 11,526 　 $ 499,459 $ 1,812,415

Prepayment on Property, Plant a

Prepayment on Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2016
Prepayment on Property, Plant and Equipment [Abstract]
Prepayment on property, plant and equipment	(6) Prepayment on property, plant and equipment As of March 31, 2016 and December 31, 2015, prepayment on property, plant and equipment consisted of $1,411,503 and $1,404,460, respectively in respect of prepaid land use right prepayment made on October 26, 2012 for the entitlement of land use right for some 65,023 square meters of land located in our Xushui County, Baoding plant. The purchase is expected to be completed in year 2016.

Property, plant and equipment,

Property, plant and equipment, net	3 Months Ended
	Mar. 31, 2016
Property, plant and equipment, net [Abstract]
Property, plant and equipment, net	(7) Property, plant and equipment, net As of March 31, 2016 and December 31, 2015, property, plant and equipment consisted of the following: March 31, December 31, 2016 2015 Property, Plant, and Equipment: 　 　 Land use rights $ 7,342,275 $ 7,305,641 Building and improvements 99,797,429 99,299,487 Machinery and equipment 133,451,281 132,785,421 Vehicles 669,128 665,789 Construction in progress 22,158,680 21,697,207 Totals 263,418,793 261,753,545 Less: accumulated depreciation and amortization (60,101,036 ) (55,562,387 ) Property, Plant and Equipment, net $ 203,317,757 $ 206,191,158 As of March 31, 2016 and December 31, 2015, land use rights represented a parcel of state-owned land located in Xushui County of Hebei Province in China, with lease terms of 50 years expiring in 2061. The Company entered into a sale-leaseback arrangement with a leasing company in China on June 16, 2013 for a total financing proceeds in the amount of RMB 150 million (approximately US$24 million). Under the sale-leaseback arrangement, Orient Paper HB sold certain of its paper manufacturing equipment to the leasing company for an amount of RMB 150 million (approximately US$24 million). Concurrent with the sale of equipment, Orient Paper HB leases back all of the equipment (“Leased Equipment”) sold to the leasing company for a lease term of three years. At the end of the lease term, Orient Paper HB may pay a nominal purchase price of RMB 15,000 (approximately $2,400) to the leasing company and buy back all of the Leased Equipment. The sale-leaseback is treated by the Company as a mere financing and capital lease transaction, rather than a sale of assets (under which gain or loss is immediately recognized) under ASC 840-40-25-4. All of the Leased Equipment are included as part of the property, plant and equipment of the Company as of March 31, 2016 and December 31, 2015. As a result of the sale, a deferred gain on sale of Leased Equipment in the amount of $1,379,282 was created at the closing of the transaction and presented as a non-current liability. The deferred gain would be amortized by the Company during the lease term and would be used to offset the depreciation of the Leased Equipment. See “ Financing with Sale-Leaseback” On July 1, 2015, Orient Paper HB, China Orient, and other guarantors of Lease Financing Agreement, entered into the 2015 Agreement, to amend and restate the Lease Financing Agreement entered into in 2013. The 2015 Agreement sets forth a modified and extended payment schedule with respect to the remaining payment obligation, with the final repayment date extended to June 21, 2017. In accordance with ASC 840-30-35, the present balances of the capital lease assets and obligations under capital lease were adjusted by an amount equal to the difference between the present value of the future minimum lease payments under the revised agreement (computed using the interest rate used to recognize the lease initially), which was approximately $1,617,574 at the date of the 2015 Agreement. As a result, the capital lease asset cost was recorded at the new cost of $27,599,774 at the date of the 2015 Agreement. The capital lease asset cost were $26,120,512 and $25,990,183 as of March 31, 2016 and December 31, 2015, respectively. The depreciation of Leased Equipment has started in July 2013 and was included with the depreciation expense of the Company’s own assets in the consolidated statement of income. During the three months ended March 31, 2016 and 2015, depreciation of Leased Equipment were $416,751 and $412,870, respectively. The accumulated depreciation of the leased asset were $4,401,386 and $3,961,025 as of March 31, 2016 and December 31, 2015. During the three months ended March 31, 2016 and 2015, the gain realized on sale-leaseback transaction were $54,391 and $115,460, respectively. The gain realized was recorded in cost of sales as a reduction of depreciation expenses. The unamortized deferred gains on sale-lease back are $274,400 and $327,637 as of March 31, 2016 and December 31, 2015, respectively. Construction in progress mainly represents payments for the new 15,000 tonnes per year tissue paper manufacturing equipment PM8, the tissue paper workshops and general infrastructure and administrative facilities in the Wei County industrial park. The tissue paper development project at the Wei County Industrial Park is expected to be completed in the first half of 2016. For the three months ended March 31, 2016 and 2015, the amount of interest capitalized is $17,054 and $17,739, respectively. As of March 31 2016 and December 31, 2015, certain property, plant and equipment of Orient Paper HB with net values of $12,423,084 and $14,236,083 have been pledged for the long-term loan from credit union of Orient Paper HB, respectively. As of March 31 2016 and December 31, 2015, certain of the Company’s property, plant and equipment in the amount of $28,945 and $29,175 have been pledged for the facility obtained from Bank of Hebei. In addition, land use right with net values of $6,767,130 and $6,769,894 as of March 31, 2016 and December 31, 2015 was pledged for the saleleaseback financing. See “ Financing with Sale-Leaseback As of March 31, 2016 and December 31, 2015, essentially all production equipment of Orient Paper Shengde with net value of $28,231,003 and $28,745,628 has been pledged for the guarantee of Orient Paper HB’s performance under the capital lease. Depreciation and amortization of property, plant and equipment was $4,167,672 and $2,514,884 for the three months ended March 31, 2016 and 2015, respectively.

Loans Payable

Loans Payable	3 Months Ended
	Mar. 31, 2016
Loans Payable [Abstract]
Loans Payable	(8) Loans Payable Short-term bank loans March 31, December 31, 2016 2015 Industrial & Commercial Bank of China ( “ICBC”) Loan 1 (a) $ 3,095,400 $ 3,079,956 The Commercial Bank of the City of Zhangjiakou (b) 7,738,501 7,699,888 ICBC Loan 2 (c) 3,095,400 3,079,956 Total short-term bank loans 　 $ 13,929,301 $ 13,859,800 (a) On September 7, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 5.06% per annum, which was 110% of the primary lending rate of the People’s Bank of China at the time of funding. The loan is due on September 6, 2016. The working capital loan was guaranteed by Hebei Tengsheng Paper Co. Ltd (“Hebei Tengsheng”), a independent third party which owns the land use rights of about 330 acres (or 1.33 million square meters) of land in the Wei County and leases about one-fourth of the premises to Orient paper HB as our production bases of tissue paper and other future facilities, with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. (b) On October 15, 2015, the Company entered into a working capital loan agreement with the Commercial Bank of the City of Zhangjiakou, with a balance of $7,738,501 and $7,699,888 as of March 31, 2016 and December 31, 2015, respectively. The loan bears a fixed interest rate of 11.88% per annum. The loan is due on October 15, 2016. The working capital loan was guaranteed by the Company’s CEO and his wife, as well as Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. (c) On December 11, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 4.785% per annum at the time of funding. The loan is due on December 9, 2016. The working capital loan was guaranteed by Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. As of March 31, 2016, there were guaranteed short-term borrowings of $13,929,301 and unsecured bank loans of $nil. As of December 31, 2015, there were guaranteed short-term borrowings of $13,859,800 and unsecured bank loans of $nil. The average short-term borrowing rates for the three months ended March 31, 2016 and 2015 were approximately 8.79% and 8.21%, respectively. Long-term loans from credit union As of March 31, 2016 and December 31, 2015, loans payable to Rural Credit Union of Xushui County, amounted to $5,200,272 and $5,174,325, respectively. On April 16, 2014, the Company entered into a loan agreement with the Rural Credit Union of Xushui County for a term of 5 years, which is payable in various installments from June 21, 2014 to November 18, 2018. The loan is guaranteed by an independent third party. Interest payment is due quarterly and bears the rate of 0.72% per month. In August 2015, after giving the required notice to the bank in accordance with the terms on the agreement, the Company repaid a portion of the loan in an amount of $193,463, of which $131,555 was paid ahead of its original repayment schedule as of March 31, 2016. As of March 31, 2016 and December 31, 2015, total outstanding loan balance was $1,331,022 and $1,324,380 respectively, which was presented as non-current liabilities in the condensed consolidated balance sheet. On July 15, 2013, the Company entered into a loan agreement with the Rural Credit Union of Xushui County for a term of 5 years, which is due and payable in various installments from December 21, 2013 to July 26, 2018. The loan is secured by certain of the Company’s manufacturing equipment in the amount of $12,423,084 and $14,236,083 as of March 31, 2016 and December 31, 2015, respectively. Interest payment is due quarterly and bears a fixed rate of 0.72% per month. In August 2015, after giving the required notice to the bank in accordance with the terms on the agreement, the Company repaid a portion of the loan in an amount of $201,201, of which $123,816 was paid ahead of its original repayment schedule as of March 31, 2016. As of March 31, 2016 and December 31, 2015, the total outstanding loan balance was $3,869,250 and $3,849,945 respectively, which was presented as non-current liabilities in the condensed consolidated balance sheet. Total interest expenses for the short-term bank loans and long-term loans for the three months ended March 31, 2016 and 2015 were $406,717 and $327,707, respectively. Financing with Sale-Leaseback The Company entered into a sale-leaseback arrangement (the “Lease Financing Agreement”) with China National Foreign Trade Financial & Leasing Co., Ltd ("CNFTFL") on June 16, 2013, for a total financing proceeds in the amount of RMB 150 million (approximately US$24 million). Under the sale-leaseback arrangement, Orient Paper HB sold the Leased Equipment to CNFTFL for RMB 150 million (approximately US$24 million). Concurrent with the sale of equipment, Orient Paper HB leases back all of the equipment sold to CNFTFL for a lease term of three years. At the end of the lease term, Orient Paper HB may pay a nominal purchase price of RMB 15,000 (approximately $2,400) to CNFTFL and buy back all of the Leased Equipment. The sale-leaseback is treated by the Company as a mere financing and capital lease transaction, rather than a sale of assets (under which gain or loss is immediately recognized) under ASC 840-40-25-4. All of the Leased Equipment are included as part of the property, plant and equipment of the Company for the periods presented; while the net present value of the minimum lease payment (including a lease service charge equal to 5.55% of the amount financed, i.e. approximately US$1.36 million) was recorded as obligations under capital lease and was calculated with CNFTFL’s implicit interest rate of 6.15% per annum and stated at $25,750,170 at the inception of the lease on June 16, 2013. Orient Paper HB made all payments due according to the schedule prior to December 15, 2014. On December 15, 2014, Orient Paper HB stopped making principal payments and entered into negotiations with the CNFTFL regarding a modified payment schedule for the remaining obligations. During the course of negotiations, Orient Paper HB continued to make interest payments due (as well as a payment of a liquidated damage of approximately $9,200 on December 26, 2014). No remedial measures were taken by the lessor or its parent company. On May 19, 2015 and June 15, 2015, the Company made payments to the lessor of RMB 5,000,000 (approximately $0.8 million) and RMB 20,000,000 (approximately $3 million), respectively. On July 1, 2015, Orient Paper HB, China Orient, and other guarantors of Lease Financing Agreement, entered into the 2015 Agreement, to amend and restate the Lease Financing Agreement entered into in 2013. The 2015 Agreement sets forth a modified and extended payment schedule with respect to the remaining payment obligation, with the final repayment date extended to June 21, 2017. Under the 2015 Agreement, the interest accrues at a rate of 15% per annum starting on June 16, 2015, and is payable on the 20th of every March, June, September and December until the principal is paid off, except for the first payment, which is due on July 31, 2015. The Company made all the payments on time according to the modified payment schedule under the 2015 Agreement in this period. In accordance with ASC 840-30-35, the present balances of the capital lease assets and obligations under capital lease were adjusted by an amount equal to the difference between the present value of the future minimum lease payments under the revised agreement (computed using the interest rate used to recognize the lease initially), which is approximately $1,617,574 at the date of the 2015 Agreement. The balance of the long-term obligations under capital lease were $3,166,457 and $3,217,785 as of March 31, 2016 and December 31, 2015, which is net of its current portion in the amount of $6,761,558 and $6,860,412, respectively. Total interest expenses for the sale-leaseback arrangement for the three months ended March 31, 2016 and 2015 were $150,033 and $156,054, respectively. As a result of the sale and leaseback of equipment on June 16, 2013, a deferred gain in the amount of $1,379,282 was recorded. The deferred gain is being amortized over the lease term and as an offset to depreciation of the Leased Equipment. In term of the extension of the new payment schedule, the deferred gain is being amortized over the remaining lease term up to June 21, 2017. As part of the sale-leaseback transaction, Orient Paper HB entered into a Collateral Agreement with CNFTFL and pledged the land use right in the amount of approximately $6,767,130 on some 58,566 square meters of land as collateral for the lease. In addition to Orient Paper HB’s collateral, Orient Paper Shengde also entered into a Guarantee Contract with CNFTFL on June 16, 2013. Under the Guarantee Contract, Orient Paper Shengde agrees to guarantee Orient Paper HB’s performance under the lease and to pledge all of its production equipment as additional collateral. The net book value of Orient Paper Shengde’s asset guarantee was $28,231,003 and $28,745,628 as of March 31, 2016 and December 31, 2015, respectively. The future minimum lease payments of the capital lease as of March 31, 2016 were as follows: March 31, Amount 2016 $ 7,134,898 2017 3,214,057 Totals 　 10,348,955 Less: Discount (420,940 ) 　 9,928,015 Less: Current portion of obligation under capital lease, net (6,761,558 ) Long-term obligation under capital lease, net 　 $ 3,166,457

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	(9) Related Party Transactions The Company’s CEO loaned money to Orient Paper HB for working capital purposes over a period of time. On January 1, 2013, Orient Paper HB and Mr. Zhenyong Liu renewed the three-year term loan previously entered on January 1, 2010, and extended the maturity date further to December 31, 2015. On December 31, 2015, the Company paid off the loan of $2,249,279, together with the interest of $391,374 for the period from 2013 to 2015. An approximately $396,728 of interest was still due to Mr. Zhenyong Liu which was recorded in other payables and accrued liabilities as part of the current liabilities in the On December 10, 2014, Mr. Zhenyong Liu provided a loan to the Company, amounted to $9,286,201 and $9,239,867 as of March 31, 2016 and December 31, 2015, to Orient Paper HB for working capital purpose with an interest rate of 5.25% per annum, which was based on the primary lending rate of People’s Bank of China. The unsecured loan was borrowed on December 10, 2014, and will be due on December 10, 2017. On March 1, 2015, the Company entered an agreement with Mr. Zhenyong Liu which allows Orient Paper HB to borrow from the CEO an amount up to $18,572,401 (RMB120,000,000) for working capital purposes. The advances or funding under the agreement are due three years from the date each amount is funded. The loan would be unsecured and carry an annual interest rate set on the basis of the primary lending rate of the People’s Bank of China at the time of the borrowing. On July 13, 2015, an unsecured loan of $4,643,100 was drawn from the facility, which carried an interest rate of 5.25%. The loan matures on July 12, 2018. As of March 31, 2016 and December 31, 2015, total amount of loans due to Mr. Zhenyong Liu were $13,929,301 and $13,859,800, respectively. The interest expenses incurred for such related party loans are $181,193 and $182,196 for the three months ended March 31, 2016 and 2015, respectively. On May 4, 2016, the Company’s CEO agreed to permit the Company to postpone the repayment of the loan and accrued interest on his loan to Orient Paper HB until the earliest date on which the Company's quarterly or annual financial statements filed with the SEC show a satisfactory working capital level. The accrued interest owned to Mr. Zhenyong Liu was approximately $737,706 and $552,115, as of March 31, 2016 and December 31, 2015, respectively, which was recorded in other payables and accrued liabilities (see Note (11) below) as part of the current liabilities. During the three months ended March 31, 2016 and 2015, the Company borrowed $14,000 and $80,000, respectively, from shareholders to pay for various expenses incurred in the U.S. The amount was due on demand with interest free. The Company repaid the entire balance by the end of the period. Lease of Headquarters Compound Real Properties from a Related Party On August 7, 2013, the Company’s Audit Committee and the Board of Directors approved the sale of the land use right of the Headquarters Compound (the “LUR”), the office building and essentially all industrial-use buildings in the Headquarters Compound (the “Industrial Buildings”), and three employee dormitory buildings located within the Headquarters Compound (the “Dormitories”) to Hebei Fangsheng for cash prices of approximately $2.77 million, $1.15 million, and $4.31 million respectively. In connection with the sale of the Industrial Buildings, Hebei Fangsheng agreed to lease the Industrial Buildings back to the Company for its original use for a term of up to three years, with an annual rental payment of approximately $154,770 (RMB1,000,000). On May 4, 2016, Hebei Fangsheng agreed to permit the Company to continue to postpone the repayment of the accrued rental charged to Orient Paper HB until the earliest date on which the Company's quarterly or annual financial statements filed with the SEC show a satisfactory working capital level. The accrued rental owned to Hebei Fangsheng was approximately $409,292 and $368,751, which was recorded as part of the current liabilities as of March 31, 2016 and December 31, 2015, respectively. Sales of the LUR and the Industrial Buildings were completed in year 2013.

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2016
Notes Payable [Abstract]
Notes payable	(10) Notes payable As of March 31, 2016, the Company had bank acceptance notes of $990,528 and $7,738,501 from the Bank of Hebei and the Commercial Bank of the City of Zhangjiakou, respectively, to one of its major suppliers for settling purchase of raw materials. The acceptance notes are used to essentially extend the payment of accounts payable and are issued under the banking facilities obtained from bank as well as the restricted bank deposit of $8,729,029 in the bank as mentioned in Note (3). The bank acceptance notes from the bank bore interest rate at nil% per annum and 0.05% of notes amount as handling change. The acceptance notes will become due and payable on various dates starting from April 23, 2016 through August 3, 2016. As of December 31, 2015, the Company had bank acceptance notes of $6,159,911 and $7,699,889 from the Bank of Hebei and the Commercial Bank of the City of Zhangjiakou, respectively, to one of its major suppliers for settling purchase of raw materials. The acceptance notes are used to essentially extend the payment of accounts payable and are issued under the banking facilities obtained from bank as well as the restricted bank deposit of $10,779,845 in the bank. The banking facility obtained from the Bank of Hebei was secured by certain of the Company’s property, plant and equipment in the amount of $29,175, and guaranteed by the Company’s CEO and his wife, two directors of the Company’s subsidiaries and five independent third parties. The bank acceptance notes from the bank bore interest rate at nil% per annum and 0.05% of notes amount as handling change. Acceptance notes of $6,190,800 were due and repaid in January 2016 and the remaining will become due in April 2016.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	3 Months Ended
	Mar. 31, 2016
Other Payables and Accrued Liabilities [Abstract]
Other payables and accrued liabilities	(11) Other payables and accrued liabilities Other payables and accrued liabilities consist of the following: March 31, December 31, 2016 2015 Accrued electricity $ 332,460 $ 168,840 Value-added tax payable 414,961 - Accrued interest to a related party 737,706 552,115 Accrued bank loan interest 74,341 73,970 Payable for purchase of equipment 3,028,724 3,093,239 Others 56,966 14,807 Totals $ 4,645,158 $ 3,902,971

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2016
Common Stock [Abstract]
Common Stock	(12) Common Stock Issuance of common stock pursuant to the 2012 Incentive Stock Plan and 2015 Omnibus Equity Incentive On January 12, 2016, the Company granted an aggregate of 1,133,916 shares of common stock under its compensatory incentive plans to nine officers, directors and employees of and a consultant when the stock was at $1.25 per share, as compensation for their services in the past years, of which 168,416 shares of common stock were granted under the 2012 Incentive Stock Plan and 965,500 shares were granted under the 2015 Omnibus Equity Incentive. Please see Note (16), Stock Incentive Plans for more details.

Stock Warrants

Stock Warrants	3 Months Ended
	Mar. 31, 2016
Stock Warrants [Abstract]
Stock warrants	(13) Stock warrants On August 27, 2014, the Company issued 1,562,500 shares of our common stock and warrants to purchase up to 781,250 shares of our common stock. The warrants have an exercise price of $1.70 per share. These warrants are exercisable immediately upon issuance on September 3, 2014 and have a term of exercise equal to five years from the date of issuance till September 2, 2019. The fair value of these shares amounted to $780,000, is classified as equity at the date of issuance. The fair value of the warrants issued was estimated by using the Binominal pricing model with the following assumptions: Terms of warrants 5 years Expected volatility 72.0 % Risk-free interest rate 1.69 % Expected dividend yield 0.81 % In connection with the Offering, the Company issued warrants to its placement agent of this Offering, which can purchase an aggregate of up to 2.50% of the aggregate number of shares of common stock sold in the Offering, i.e. 39,062 shares. These warrants have substantially the same terms as the warrants issued to purchaser in the Offering, except that the exercise price is $2.00 per share and the expiration date is from September 3, 2014 to June 26, 2019. The fair value of these shares amounted to $35,191, is classified in the equity at the date of issuance to net off the proceeds from the issuance of the shares and warrants. The fair value of the warrants issued was estimated by using the Binominal pricing model with the following assumptions: Terms of warrants 4.81 years Expected volatility 69.8 % Risk-free interest rate 1.62 % Expected dividend yield 0.81 % The Company applied judgment in estimating key assumptions in determining the fair value of the warrants on the date of issuance. The Company used historical data to estimate stock volatilities and expected dividend yield. The risk-free rates are consistent with the terms of the warrants and are based on the United States Treasury yield curve in effect at the time of issuance. A summary of stock warrant activities is as below: Three months ended March 31, 2016 Number Weight average exercise Outstanding and exercisable at beginning of the period 820,312 $ 1.71 Issued during the period - - Exercised during the period - - Cancelled or expired during the period - - Outstanding and exercisable at end of the period 820,312 $ 1.71 Range of exercise price $1.70 to $2.00 No warrants were issued, exercised, cancelled or expired during the three months ended March 31, 2016. As of March 31, 2016, the aggregated intrinsic value of warrants outstanding and exercisable was $nil. No warrants were issued, exercised, cancelled or expired during the three months ended March 31, 2015. As of December 31, 2015, the aggregated intrinsic value of warrants outstanding and exercisable was $nil.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	(14) Earnings Per Share For the three months ended March 31, 2016 and 2015, basic and diluted net income per share are calculated as follows: Three Months Ended 2016 2015 Basic income/(loss) per share Net income(loss) for the period - numerator $ (1,373,896 ) $ 2,105,489 Weighted average common stock outstanding - denominator 21,311,726 20,316,400 Net income(loss) per share $ (0.06 ) $ 0.10 　 　 　 Diluted income/(loss) per share 　 　 Net income(loss) for the period - numerator $ (1,373,896 ) $ 2,105,489 Weighted average common stock outstanding - denominator 21,311,726 20,316,400 Effect of dilution - - Weighted average common stock outstanding - denominator 21,311,726 20,316,400 Diluted income(loss) per share $ (0.06 ) $ 0.10 For the three months ended March 31, 2016 and 2015, 820,312 warrants shares are excluded from the calculations of dilutive net income per share as their effects would have been anti-dilutive since the average share price for the three months ended March 31, 2015 were lower than the warrants exercise price. For the three months ended March 31, 2016, there were no securities with dilutive effect issued and outstanding.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes [Abstract]
Income Taxes	(15) Income Taxes United States Orient Paper and Shengde Holdings are incorporated in the State of Nevada and are subject to the U.S. federal tax and state statutory tax rates up to 34% and 0%, respectively. PRC Orient Paper HB and Orient Paper Shengde are PRC operating companies and are subject to PRC Enterprise Income Tax. Pursuant to the PRC New Enterprise Income Tax Law, Enterprise Income Tax is generally imposed at a statutory rate of 25%. The provisions for income taxes for three months ended March 31, 2016 and 2015 were as follows: Three Months Ended March 31, 2016 2015 Provision for Income Taxes 　 　 Current Tax Provision PRC $ 636,266 $ 956,455 Deferred Tax Provision PRC (532,839 ) (150,970 ) Total Provision for Income Taxes $ 103,427 $ 805,485 During the three months ended March 31, 2016 and 2015, the effective income tax rate was estimated by the Company to be -8.14% and 27.7%, respectively. The following table reconciles the PRC statutory rates to the Company's effective tax rate for: Three Months Ended March 31, 2016 2015 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction 11.7 (0.9 ) Effect of expenses not deductible for PRC tax purposes (0.6 ) 0.1 Change in valuation allowance (44.2 ) 3.5 Effective income tax rate (8.1 )% 27.7 % The Company has adopted ASC Topic 740-10-05, Income Taxes.

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Mar. 31, 2016
Stock Incentive Plans [Abstract]
Stock Incentive Plans	(16) Stock Incentive Plans Issuance of common stock pursuant to the 2011 Incentive Stock Plan and 2012 Incentive Stock Plan On August 28, 2011, the Company’s Annual General Meeting approved the 2011 Incentive Stock Plan of Orient Paper, Inc. (the “2011 ISP”) as previously adopted by the Board of Directors on July 5, 2011. Under the 2011 ISP, the Company may grant an aggregate of 375,000 shares of the Company’s common stock to the Company’s directors, officers, employees or consultants. No stock or option was issued under the 2011 ISP until January 2, 2012, when the Compensation Committee granted 109,584 shares of restricted common stock to certain officers and directors of the Company when the stock was at $3.45 per share, as compensation for their services in the past years. Total fair value of the stock was calculated at $378,065 as of the date of issuance. On September 10, 2012, the Company’s Annual General Meeting approved the 2012 Incentive Stock Plan of Orient Paper, Inc. (the “2012 ISP”) as previously adopted by the Board of Directors on July 4, 2012. Under the 2012 ISP, the Company may grant an aggregate of 200,000 shares of the Company’s common stock to the Company’s directors, officers, employees or consultants. Specifically, the Board and/or the Compensation Committee have authority to (a) grant, in its discretion, Incentive Stock Options or Non-statutory Options, Stock Awards or Restricted Stock Purchase Offers; (b) determine in good faith the fair market value of the stock covered by any grant; (c) determine which eligible persons shall receive grants and the number of shares, restrictions, terms and conditions to be included in such grants; and (d) make all other determinations necessary or advisable for the 2012 ISP's administration. On December 31, 2013, the Compensation Committee granted restricted common shares of 297,000, out of which 265,416 shares were granted under the 2011 ISP and 31,584 shares under the 2012 ISP, to certain officers, directors and employees of the Company when the stock was at $2.66 per share, as compensation for their services in the past years. Total fair value of the stock was calculated at $790,020 as of the date of grant. 2015 Incentive Plan On August 29, 2015, the Company’s Annual General Meeting approved the 2015 Omnibus Equity Incentive Plan of Orient Paper, Inc. (the “2015 ISP”) as previously adopted by the Board of Directors on July 10, 2015. Under the 2015 ISP, the Company may grant an aggregate of 1,500,000 shares of the Company’s common stock to the directors, officers, employees and/or consultants of the Company and its subsidiaries. On January 12, the Compensation Committee granted un restricted

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(17) Commitments and Contingencies Operating Lease Orient Paper leases 32.95 acres of land from a local government in Xushui County, Baoding City, Hebei, China through a real estate lease with a 30-year term, which expires on December 31, 2031. The lease requires an annual rental payment of approximately $18,572 (RMB 120,000). This operating lease is renewable at the end of the 30-year term. On November 27, 2012, Orient Paper entered into a 49.4 acres land lease with an investment company in the Economic Development Zone in Wei County, Hebei Province, China. The lease term of the Wei County land lease commences on the date of the lease and lasts for 15 years. The lease requires an annual rental payment of $557,172 (RMB 3,600,000). The Company is currently building two new tissue paper production lines and future production facilities in the leased Wei County land. As mentioned in Note (9) Related Party Transactions, in connection with the sale of Industrial Buildings to Hebei Fangsheng, Hebei Fangsheng agrees to lease the Industrial Buildings back to Orient Paper at an annual rental of $154,770 (RMB 1,000,000), for a term of up to three years. The Company will continue its operations in the current location for a maximum of three years before the relocation completed. Future minimum lease payments of all operating leases are as follows: March 31, Amount 2017 630,762 2018 575,744 2019 575,744 2020 575,744 2021 575,744 Thereafter 3,542,686 Total operating lease payments $ 6,476,424 Capital commitment As of March 31, 2016, the Company has signed several contracts for construction of equipment and facilities, including a new tissue paper production line PM8. Total outstanding commitments under these contracts were $17,226,574 and $17,429,301 as of March 31, 2016 and December 31, 2015, respectively. The Company expected to pay off all the balances within 1 year. Guarantees and Indemnities The Company was a party to enter into contracts to indemnify a third party for certain liabilities, and as of March 31, 2016 and December 31, 2015, the Company guaranteed the third party’s long-term loan from the financial institutions amounting to $8,667,121 (RMB56,000,000) and $8,623,876 (RMB56,000,000) that matured at various times in 2018, as a guarantor. In most cases, the Company cannot estimate the potential amount of future payments under these indemnities until events arise that would result in a liability under the indemnities. The Company believes that the liabilities for potential future payments of these guarantees and indemnities are not probable.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Reporting	(18) Segment Reporting Since March 10, 2010, Orient Paper Shengde started its operations and thereafter the Company manages its operations through two business operating segments: Orient Paper HB, which produces offset printing paper and corrugating medium paper, and Orient Paper 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 two reportable segments is as follows: Three Months Ended Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, Revenues $ 27,601,565 $ 312,768 $ - $ - $ 27,914,333 Gross Profit 4,009,947 (244,063 ) - - 3,765,884 Depreciation and amortization 3,930,916 236,756 - - 4,167,672 Interest income 30,546 241 - - 30,787 Interest expense 720,889 - - - 720,889 Income tax expense(benefit) 160,974 (57,547 ) - - 103,427 Net Income (Loss) 473,779 (197,821 ) (1,649,854 ) - (1,373,896 ) Total Assets 203,238,269 32,979,683 23,939 - 236,241,891 Three Months Ended Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, Revenues $ 26,504,344 $ - $ - $ - $ 26,504,344 Gross Profit 4,986,733 - - - 4,986,733 Depreciation and amortization 2,262,688 252,196 - - 2,514,884 Interest income 48,316 492 - - 48,808 Interest expense 648,218 - - - 648,218 Income tax expense(benefit) 874,254 (68,769 ) - - 805,485 Net Income (Loss) 2,638,118 (231,747 ) (300,882 ) - 2,105,489 Year Ended December 31, 2015 Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, Total Assets $ 205,117,348 $ 33,500,731 $ 8,840 $ -　 $ 238,626,919

Concentration and Major Custome

Concentration and Major Customers and Suppliers	3 Months Ended
	Mar. 31, 2016
Concentration and Major Customers and Suppliers and Concentration of Credit Risk and Risks and Uncertainties [Abstract]
Concentration and Major Customers and Suppliers	(19) Concentration and Major Customers and Suppliers For the three months ended March 31, 2016 and 2015, the Company had no single customer contributed over 10% of total sales. For the three months ended March 31, 2016, the Company had three major suppliers accounted for 65%, 14% and 7% of total purchases. For the three months ended March 31, 2015, the Company had three major suppliers accounted for 66%, 18% and 8% of total purchases.

Concentration of Credit Risk

Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2016
Concentration and Major Customers and Suppliers and Concentration of Credit Risk and Risks and Uncertainties [Abstract]
Concentration of Credit Risk	(20) Concentration of Credit Risk Financial instruments for which the Company is potentially subject to concentration of credit risk consist principally of cash. The Company places its cash in reputable financial institutions in the PRC and the United States. Although it is generally understood that the PRC central government stands behind all of the banks in China in the event of bank failure, there is no deposit insurance system in China that is similar to the protection provided by the Federal Deposit Insurance Corporation (“FDIC”) of the United States as of March 31, 2016 and December 31, 2015. On May 1, 2015, the new “Deposit Insurance Regulations” was effective in the PRC that the maximum protection would be up to RMB500,000 (US$78,600) per depositor per insured financial intuition, including both principal and interest. For the cash placed in financial institutions in the United States, the Company’s U.S. bank accounts are all fully covered by the FDIC insurance as of March 31, 2016 and December 31, 2015, respectively, while for the cash placed in financial institutions in the PRC, the balances exceeding the maximum coverage of RMB500,000 amounted to RMB22,010,451 (US$3,406,558) as of March 31, 2016.

Risks and Uncertainties

Risks and Uncertainties	3 Months Ended
	Mar. 31, 2016
Concentration and Major Customers and Suppliers and Concentration of Credit Risk and Risks and Uncertainties [Abstract]
Risks and Uncertainties	(21) Risks and Uncertainties Orient Paper is subject to substantial risks from, among other things, intense competition associated with the industry in general, other risks associated with financing, liquidity requirements, rapidly changing customer requirements, foreign currency exchange rates, and operating in the PRC under its various laws and restrictions.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	(22) Recent Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The Board is issuing this Update as part of its Simplification Initiative. The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The areas for simplification in this Update were identified through outreach for the Simplification Initiative, pre-agenda research for the Private Company Council, and the August 2014 Post-Implementation Review Report on FASB Statement No. 123(R), Share-Based Payment. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas for simplification apply only to nonpublic entities. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The adoption of this guidance is not expected to have a material impact on our condensed consolidated financial statements.

Basis of Presentation and Sig28

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Basis of Presentation and Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of March 31, 2016 and the results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for any future period. Our unaudited condensed consolidated financial statements are prepared in accordance with GAAP. These accounting principles require us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that the estimates, judgments and assumptions are reasonable, based on information available at the time they are made. Actual results could differ materially from those estimates.
Valuation of long-lived asset	Valuation of long-lived asset The Company reviews the carrying value of long-lived assets to be held and used when events and circumstances warrants such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset and intangible assets. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets and intangible assets to be disposed are determined in a similar manner, except that fair market values are reduced for the cost to dispose.
Fair Value Measurements	Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. Its establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts that the Company could realize in a current market exchange. As of March 31, 2016 and December 31, 2015, the carrying value of the Company’s short term financial instruments, such as cash and cash equivalents, accounts receivable, accounts and notes payable, short-term bank loans and balance due to a related party, approximate at their fair values because of the short maturity of these instruments, were classified as Level 1 of the fair value hierarchy; while loans from Credit union, loans from a related party and obligation under capital lease approximate at their fair value as the interest rates thereon are close to the market rates of interest published by the People’s Bank of China. The carrying amount of the stock warrants is recorded at fair value and is determined using the Binominal pricing model based on the Company's stock price at the measurement date, exercise price of the warrant, risk-free rate and historical volatility. The Company classified these instruments as a Level 3 of the fair value hierarchy. See Note (13) below.
Non-Recurring Fair Value Measurements	Non-Recurring Fair Value Measurements The Company reviews long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate the possibility of impairment. For the continuing operations, long-lived assets are measured at fair value on a nonrecurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. For discontinued operations, long-lived assets are measured at the lower of carrying amount or fair value less cost to sell. The fair value of these assets were determined using models with significant unobservable inputs which were classified as Level 3 inputs, primarily the discounted future cash flow.
Share-Based Compensation	Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation, which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of such instruments over the vesting period. The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees to account for stock-based compensation awards issued to non-employees for services. Such awards for services are recorded at either the fair value of the consideration received or the fair value of the instruments issued in exchange for such services, whichever is more reliably measurable.
Liquidity and Going Concern	Liquidity and Going Concern As of March 31, 2016 the Company had current assets of $26,377,784 and current liabilities of $36,921,342 (including amounts due to related parties of $1,146,998, resulting in a working capital deficit of approximately $10,543,558; while as of December 31, 2015, the Company had current assets of $26,343,993 and current liabilities of $40,237,947 (including amounts due to related parties of $920,866), resulting in a working capital deficit of approximately $13,893,954. We are currently seeking to restructure the term of our liabilities by raising funds through long-term loans to pay off liabilities with shorter terms. Our ability to continue as a going concern is dependent upon obtaining the necessary financing or negotiating the terms of the existing short-term liabilities to meet our current and future liquidity needs. On December 10, 2014, the Company entered an agreement with the Company’s Chairman and Chief Executive Officer (“CEO”), Mr. Zhenyong Liu, to loan $9,286,201 to the Company for working capital purpose with an annual interest rate based on the People’s Bank of China at of the time of receipt and was set at 5.25% per annum. (see Note (9) below). The accrued interest under this agreement owned to Mr. Zhenyong Liu was approximately $168,312, which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On March 1, 2015, the Company entered an agreement with Mr. Zhenyong Liu, which allows Orient Paper HB to borrow from the CEO with an amount up to $18,572,401 (RMB120,000,000) for working capital purposes. The advances or funding under the agreement are due in three years from the date each amount is funded. The loan will be unsecured and carry an annual interest rate set on the basis of the primary lending rate of the People’s Bank of China at the time of the borrowing. As of March 31, 2016, $4,643,100 was drawn from the facility. On July 1, 2015, Orient Paper HB, Shijiazhuang Office of China Orient Asset Management Corporation ( “ ” “ ” On July 13, 2015, the Company and Mr. Zhenyong Liu entered into an agreement to loan $4,643,100 (RMB30,000,000) to the Company, with an annual interest rate based on the People’s Bank of China at of the time of receipt and was set at 5.25% per annum. (see Note (9) below). The accrued interest under this agreement owned to Mr. Zhenyong Liu was approximately $172,665, which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On December 31, 2015, the Company paid off a loan of $2,249,279 from Mr. Zhenyong Liu due to expiry, together with the interest of $391,374 through year 2013 to 2015. (see Note (9) below). As a result, regarding to the loan, there was still approximately $396,729 of interest due to Mr. Zhenyong Liu which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On May 4, 2016, Mr. Zhenyong Liu agreed to permit the Company to continue to postpone the repayment of the accrued interest on his loan to Orient Paper HB until the Company is able to pay its other creditors in its normal course of business. The accrued interest owned to Mr. Zhenyong Liu was approximately $737,706, which was recorded in other payables and accrued liabilities as part of the current liabilities in the condensed consolidated balance sheet as of March 31, 2016 (see Note (11) below). On May 4, 2016, Hebei Fangsheng Real Estate Development Co. Ltd. (“Hebei Fangsheng”), a real estate development company owned by Mr. Zhenyong Liu, our Chairman and Chief Executive Officer and his family, agreed to permit the Company to continue to postpone the repayment of the accrued rental charged to Orient Paper HB until the earliest date on which the Company's quarterly or annual financial statements filed with the SEC show a satisfactory working capital level. The accrued rental owned to Hebei Fangsheng was approximately $409,292 and $368,751, which was recorded in due to a related party as part of the current liabilities as of March 31, 2016 and December 31, 2015, respectively. (see Note (9) below). Although management believes it can secure financial resources to satisfy the Company's current liabilities and the capital expenditure needs in the next 12 months, there are no guarantees that these financial resources will be secured. Therefore, there is a substantial doubt about the ability of the Company to continue as a going concern that it may be unable to realize its assets and discharge its liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Organization and Business Bac29

Organization and Business Background (Tables)	3 Months Ended
	Mar. 31, 2016
Organization and Business Background [Abstract]
Subsidiaries and variable interest entities	Place of Date of Incorporation Incorporation or Percentage of Name or Establishment Establishment Ownership Principal Activity Subsidiary: Dongfang Holding November 13, 2006 BVI 100% Inactive investment holding Shengde Holdings February 25, 2009 State of Nevada 100% Investment holding Orient Paper Shengde June 1, 2009 PRC 100% Paper Production and distribution Variable interest entity: Orient Paper HB March 10, 1996 PRC Control* Paper Production and distribution * Orient Paper HB is treated as a 100% controlled variable interest entity of the Company.
Schedule of aggregate financial information of assets and liabilities	March 31, 2016 December 31, 2015 ( Unaudited) ASSETS Current Assets Cash and cash equivalents $ 3,282,680 $ 2,363,525 Restricted cash 8,729,029 10,779,845 Accounts receivable 3,610,974 1,904,396 Inventories 9,604,295 8,741,974 Prepayments and other current assets 333,712 1,792,188 　 　 Total current assets 25,560,690 25,581,928 　 　 Prepayment on property, plant and equipment 1,411,503 1,404,460 Property, plant, and equipment, net 174,562,507 176,913,064 Deferred tax assets 1,703,569 1,217,896 Total Assets $ 203,238,269 $ 205,117,348 LIABILITIES Current Liabilities Short-term bank loans $ 13,929,301 $ 13,859,800 Current obligations under capital lease 6,761,558 6,860,412 Accounts payable 839,670 253,425 Notes payable 8,729,029 13,859,800 Due to a related party 409,292 368,751 Accrued payroll and employee benefits 277,951 503,203 Other payables and accrued liabilities 4,634,176 3,889,235 Income taxes payable 1,305,619 600,876 　 　 Total current liabilities 36,886,596 40,195,502 　 　 Loans from credit union 5,200,272 5,174,325 Loans from a related party 13,929,301 13,859,800 Deferred gain on sale-leaseback 274,400 327,637 Long-term obligations under capital lease 3,166,457 3,217,785 　 　 Total liabilities $ 59,457,026 $ 62,775,049

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventories [Abstract]
Schedule of inventories	March 31, December 31, Raw Materials 　 　 Recycled paper board $ 5,538,985 $ 4,416,252 Recycled white scrap paper 2,128,891 1,880,323 Coal 418,864 453,665 Base paper and other raw materials 275,855 296,272 　 　 8,362,595 7,046,512 Finished Goods 1,518,882 2,158,908 Totals $ 9,881,477 $ 9,205,420

Prepayments and Other Current31

Prepayments and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Prepayments and Other Current Assets [Abstract]
Summary of prepayments and other current assets	March 31, 2016 December 31, Recoverable VAT $ 153,222 $ 453,964 Prepayment for purchase of materials 12,382 884,932 Prepaid land lease 325,017 461,993 Others 8,838 11,526 　 $ 499,459 $ 1,812,415

Property, plant and equipment32

Property, plant and equipment, net (Tables)	3 Months Ended
	Mar. 31, 2016
Property, plant and equipment, net [Abstract]
Schedule of property, plant and equipment	March 31, December 31, 2016 2015 Property, Plant, and Equipment: 　 　 Land use rights $ 7,342,275 $ 7,305,641 Building and improvements 99,797,429 99,299,487 Machinery and equipment 133,451,281 132,785,421 Vehicles 669,128 665,789 Construction in progress 22,158,680 21,697,207 Totals 263,418,793 261,753,545 Less: accumulated depreciation and amortization (60,101,036 ) (55,562,387 ) Property, Plant and Equipment, net $ 203,317,757 $ 206,191,158

Loans Payable (Tables)

Loans Payable (Tables)	3 Months Ended
	Mar. 31, 2016
Loans Payable [Abstract]
Schedule of short-term bank loans	March 31, December 31, 2016 2015 Industrial & Commercial Bank of China ( “ICBC”) Loan 1 (a) $ 3,095,400 $ 3,079,956 The Commercial Bank of the City of Zhangjiakou (b) 7,738,501 7,699,888 ICBC Loan 2 (c) 3,095,400 3,079,956 Total short-term bank loans 　 $ 13,929,301 $ 13,859,800 (a) On September 7, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 5.06% per annum, which was 110% of the primary lending rate of the People’s Bank of China at the time of funding. The loan is due on September 6, 2016. The working capital loan was guaranteed by Hebei Tengsheng Paper Co. Ltd (“Hebei Tengsheng”), a independent third party which owns the land use rights of about 330 acres (or 1.33 million square meters) of land in the Wei County and leases about one-fourth of the premises to Orient paper HB as our production bases of tissue paper and other future facilities, with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. (b) On October 15, 2015, the Company entered into a working capital loan agreement with the Commercial Bank of the City of Zhangjiakou, with a balance of $7,738,501 and $7,699,888 as of March 31, 2016 and December 31, 2015, respectively. The loan bears a fixed interest rate of 11.88% per annum. The loan is due on October 15, 2016. The working capital loan was guaranteed by the Company’s CEO and his wife, as well as Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. (c) On December 11, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 4.785% per annum at the time of funding. The loan is due on December 9, 2016. The working capital loan was guaranteed by Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.
Schedule of future minimum lease payments of capital lease	March 31, Amount 2016 $ 7,134,898 2017 3,214,057 Totals 　 10,348,955 Less: Discount (420,940 ) 　 9,928,015 Less: Current portion of obligation under capital lease, net (6,761,558 ) Long-term obligation under capital lease, net 　 $ 3,166,457

Other Payables and Accrued Li34

Other Payables and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Other Payables and Accrued Liabilities [Abstract]
Summary of other payables and accrued liabilities	March 31, December 31, 2016 2015 Accrued electricity $ 332,460 $ 168,840 Value-added tax payable 414,961 - Accrued interest to a related party 737,706 552,115 Accrued bank loan interest 74,341 73,970 Payable for purchase of equipment 3,028,724 3,093,239 Others 56,966 14,807 Totals $ 4,645,158 $ 3,902,971

Stock Warrants (Tables)

Stock Warrants (Tables)	3 Months Ended
	Mar. 31, 2016
Stock Warrants [Line Items]
Summary of stock warrant activities	Three months ended March 31, 2016 Number Weight average exercise Outstanding and exercisable at beginning of the period 820,312 $ 1.71 Issued during the period - - Exercised during the period - - Cancelled or expired during the period - - Outstanding and exercisable at end of the period 820,312 $ 1.71 Range of exercise price $1.70 to $2.00
Date of Issuance August 27, 2014 to September 2, 2019 [Member]
Stock Warrants [Line Items]
Fair value of warrants issued was estimated by using the Binominal pricing model	Terms of warrants 5 years Expected volatility 72.0 % Risk-free interest rate 1.69 % Expected dividend yield 0.81 %
Date of Issuance September 3, 2014 to June 26, 2019 [Member]
Stock Warrants [Line Items]
Fair value of warrants issued was estimated by using the Binominal pricing model	Terms of warrants 4.81 years Expected volatility 69.8 % Risk-free interest rate 1.62 % Expected dividend yield 0.81 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Summary of basic and diluted net income per share	Three Months Ended 2016 2015 Basic income/(loss) per share Net income(loss) for the period - numerator $ (1,373,896 ) $ 2,105,489 Weighted average common stock outstanding - denominator 21,311,726 20,316,400 Net income(loss) per share $ (0.06 ) $ 0.10 　 　 　 Diluted income/(loss) per share 　 　 Net income(loss) for the period - numerator $ (1,373,896 ) $ 2,105,489 Weighted average common stock outstanding - denominator 21,311,726 20,316,400 Effect of dilution - - Weighted average common stock outstanding - denominator 21,311,726 20,316,400 Diluted income(loss) per share $ (0.06 ) $ 0.10

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Income Taxes [Abstract]
Schedule of provisions for income taxes	Three Months Ended March 31, 2016 2015 Provision for Income Taxes 　 　 Current Tax Provision PRC $ 636,266 $ 956,455 Deferred Tax Provision PRC (532,839 ) (150,970 ) Total Provision for Income Taxes $ 103,427 $ 805,485
Schedule of reconciliation of statutory rates to Company's effective tax rate	Three Months Ended March 31, 2016 2015 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction 11.7 (0.9 ) Effect of expenses not deductible for PRC tax purposes (0.6 ) 0.1 Change in valuation allowance (44.2 ) 3.5 Effective income tax rate (8.1 )% 27.7 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies [Abstract]
Schedule of future minimum lease payments of operating leases	March 31, Amount 2017 630,762 2018 575,744 2019 575,744 2020 575,744 2021 575,744 Thereafter 3,542,686 Total operating lease payments $ 6,476,424

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Summarized financial information for reportable segments	Three Months Ended Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, Revenues $ 27,601,565 $ 312,768 $ - $ - $ 27,914,333 Gross Profit 4,009,947 (244,063 ) - - 3,765,884 Depreciation and amortization 3,930,916 236,756 - - 4,167,672 Interest income 30,546 241 - - 30,787 Interest expense 720,889 - - - 720,889 Income tax expense(benefit) 160,974 (57,547 ) - - 103,427 Net Income (Loss) 473,779 (197,821 ) (1,649,854 ) - (1,373,896 ) Total Assets 203,238,269 32,979,683 23,939 - 236,241,891 Three Months Ended Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, Revenues $ 26,504,344 $ - $ - $ - $ 26,504,344 Gross Profit 4,986,733 - - - 4,986,733 Depreciation and amortization 2,262,688 252,196 - - 2,514,884 Interest income 48,316 492 - - 48,808 Interest expense 648,218 - - - 648,218 Income tax expense(benefit) 874,254 (68,769 ) - - 805,485 Net Income (Loss) 2,638,118 (231,747 ) (300,882 ) - 2,105,489 Year Ended December 31, 2015 Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, Total Assets $ 205,117,348 $ 33,500,731 $ 8,840 $ -　 $ 238,626,919

Organization and Business Bac40

Organization and Business Background (Details)	3 Months Ended
	Mar. 31, 2016
Dongfang Holding [Member]
Schedule of company's subsidiaries and variable interest entities
Entity Incorporation, Date Of Incorporation	Nov. 13, 2006
Entity Incorporation State Country Name	BVI
Percentage of Ownership	100.00%
Principal Activity	Inactive investment holding
Shengde Holdings [Member]
Schedule of company's subsidiaries and variable interest entities
Entity Incorporation, Date Of Incorporation	Feb. 25, 2009
Entity Incorporation State Country Name	State of Nevada
Percentage of Ownership	100.00%
Principal Activity	Investment holding
Orient Paper Shengde [Member]
Schedule of company's subsidiaries and variable interest entities
Entity Incorporation, Date Of Incorporation	Jun. 1, 2009
Entity Incorporation State Country Name	PRC
Percentage of Ownership	100.00%
Principal Activity	Paper Production and distribution
Orient Paper HB [Member]
Schedule of company's subsidiaries and variable interest entities
Entity Incorporation, Date Of Incorporation	Mar. 10, 1996
Entity Incorporation State Country Name	PRC
Percentage of Ownership	0.00%	[1]
Principal Activity	Paper Production and distribution
[1]	Orient Paper HB is treated as a 100% controlled variable interest entity of the Company

Organization and Business Bac41

Organization and Business Background (Details 1) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 3,651,469	$ 2,641,917	$ 2,544,567	$ 3,891,473
Restricted cash	8,729,029	10,779,845
Accounts receivable	3,616,350	1,904,396
Inventories	9,881,477	9,205,420
Prepayments and other current assets	499,459	1,812,415
Total current assets	26,377,784	26,343,993
Prepayment on property, plant and equipment	1,411,503	1,404,460
Property, plant, and equipment, net	203,317,757	206,191,158
Deferred tax assets	2,025,261	1,420,854
Total Assets	236,241,891	238,626,919
Current Liabilities
Short-term bank loans	13,929,301	13,859,800
Current obligations under capital lease	6,761,558	6,860,412
Accounts payable	849,581	253,425
Notes payable	8,729,029	13,859,800
Due to a related party	409,292	368,751
Accrued payroll and employee benefits	291,894	531,912
Other payables and accrued liabilities	4,645,158	3,902,971
Income taxes payable	1,305,529	600,876
Total current liabilities	36,921,342	40,237,947
Loans from credit union	5,200,272	5,174,325
Loans from a related party	13,929,301	13,859,800
Deferred gain on sale-leaseback	274,400	327,637
Long-term obligations under capital lease	3,166,457	3,217,785
Total liabilities	59,491,772	62,817,494
Orient Paper HB [Member]
Current Assets
Cash and cash equivalents	3,282,680	2,363,525
Restricted cash	8,729,029	10,779,845
Accounts receivable	3,610,974	1,904,396
Inventories	9,604,295	8,741,974
Prepayments and other current assets	333,712	1,792,188
Total current assets	25,560,690	25,581,928
Prepayment on property, plant and equipment	1,411,503	1,404,460
Property, plant, and equipment, net	174,562,507	176,913,064
Deferred tax assets	1,703,569	1,217,896
Total Assets	203,238,269	205,117,348
Current Liabilities
Short-term bank loans	13,929,301	13,859,800
Current obligations under capital lease	6,761,558	6,860,412
Accounts payable	839,670	253,425
Notes payable	8,729,029	13,859,800
Due to a related party	409,292	368,751
Accrued payroll and employee benefits	277,951	503,203
Other payables and accrued liabilities	4,634,176	3,889,235
Income taxes payable	1,305,619	600,876
Total current liabilities	36,886,596	40,195,502
Loans from credit union	5,200,272	5,174,325
Loans from a related party	13,929,301	13,859,800
Deferred gain on sale-leaseback	274,400	327,637
Long-term obligations under capital lease	3,166,457	3,217,785
Total liabilities	$ 59,457,026	$ 62,775,049

Organization and Business Bac42

Organization and Business Background (Details Textual)	Feb. 10, 2010USD ($)¥ / shares	Jun. 30, 2009	Oct. 29, 2007shares	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2010	Jun. 30, 2010USD ($)	Jun. 24, 2009USD ($)
Organization and Business Background (Textual)
Exercise price for the options | ¥ / shares	¥ 1
Percentage of distributable profit of Orient Paper HB							100.00%
Shengde Holdings [Member]
Organization and Business Background (Textual)
Percentage of ownership		100.00%
Dongfang Holding [Member]
Organization and Business Background (Textual)
Percentage of ownership			100.00%
Shares of common stock issued to Dongfang Holding shareholders under merger agreement | shares			7,450,497
Orient Paper Shengde [Member]
Organization and Business Background (Textual)
Registered capital								$ 60,000,000	$ 10,000,000
Loans terminated	¥ 10,000,000
Orient Paper HB [Member]
Organization and Business Background (Textual)
Percentage of ownership				100.00%
Service fees percentage of annual net profit	80.00%
Loans terminated	¥ 10,000,000
Percentage of revenue				98.88%	100.00%
Percentage of assets accounted by Orient Paper HB				86.03%		85.96%

Basis of Presentation and Sig43

Basis of Presentation and Significant Accounting Policies (Details)	Jul. 13, 2015USD ($)	Dec. 10, 2014	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Jul. 13, 2015CNY (¥)	Mar. 01, 2015USD ($)	Mar. 01, 2015CNY (¥)
Basis of Presentation and Significant Accounting Policies (Textual)
Current assets			$ 26,377,784		$ 26,343,993
Current liabilities			36,921,342		40,237,947
Current liabilities including amounts due to related parties			1,146,998		920,866
Working capital deficit			10,543,558		13,893,954
Accrued interest			737,706		552,115
Drawn from facility			4,643,100
Interest paid			539,987	$ 302,281
Hebei Fangsheng [Member]
Basis of Presentation and Significant Accounting Policies (Textual)
Accrued rental			409,292		368,751
Chief Executive Officer [Member]
Basis of Presentation and Significant Accounting Policies (Textual)
Accrued interest			172,665
Loans payable to related party	$ 4,643,100					¥ 30,000,000	$ 18,572,401	¥ 120,000,000
Chief Executive Officer [Member] | Orient Paper HB [Member]
Basis of Presentation and Significant Accounting Policies (Textual)
Interest rate on loans	5.25%
Mr. Zhenyong Liu [Member]
Basis of Presentation and Significant Accounting Policies (Textual)
Accrued interest			168,312
Loans payable to related party			13,929,301		13,859,800
Other payables and accrued liabilities			396,729
Loan paid off					2,249,279
Interest paid					391,374
Mr. Zhenyong Liu [Member] | Orient Paper HB [Member]
Basis of Presentation and Significant Accounting Policies (Textual)
Loans payable to related party			$ 9,286,201		$ 9,239,867
Interest rate on loans		5.25%

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	1 Months Ended	3 Months Ended
	Dec. 31, 2015	Mar. 31, 2016
Restricted Cash (Textual)
Restricted cash	$ 10,779,845	$ 8,729,029
Description of lifting of restricted cash	The restriction has been/will be lifted upon the maturity of the notes payable from January 7, 2016 through April 23, 2016.	The restriction will be lifted upon the maturity of the notes payable from April 23, 2016 through August 3, 2016.

Inventories (Details)

Inventories (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Schedule of inventories
Raw materials, Gross	$ 8,362,595	$ 7,046,512
Finished goods	1,518,882	2,158,908
Totals	9,881,477	9,205,420
Recycled paper board [Member]
Schedule of inventories
Raw materials, Gross	5,538,985	4,416,252
Recycled white scrap paper [Member]
Schedule of inventories
Raw materials, Gross	2,128,891	1,880,323
Coal [Member]
Schedule of inventories
Raw materials, Gross	418,864	453,665
Base paper and other raw materials [Member]
Schedule of inventories
Raw materials, Gross	$ 275,855	$ 296,272

Prepayments and Other Current46

Prepayments and Other Current Assets (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Summary of prepayments and other current assets
Recoverable VAT	$ 153,222	$ 453,964
Prepayment for purchase of materials	12,382	884,932
Prepaid land lease	325,017	461,993
Others	8,838	11,526
Totals	$ 499,459	$ 1,812,415

Prepayment on Property, Plant47

Prepayment on Property, Plant and Equipment (Details)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 26, 2012m²
Prepayment on property, plant and equipment (Textual)
Prepayment on property, plant and equipment | $	$ 1,411,503	$ 1,404,460
Entitlement of land use rights in Xushui County, Baoding plant | m²			65,023

Property, plant and equipment48

Property, plant and equipment, net (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Schedule of property, plant and equipment
Totals	$ 263,418,793	$ 261,753,545
Less: accumulated depreciation and amortization	(60,101,036)	(55,562,387)
Property, Plant and Equipment, net	203,317,757	206,191,158
Land use rights [Member]
Schedule of property, plant and equipment
Totals	7,342,275	7,305,641
Building and improvements [Member]
Schedule of property, plant and equipment
Totals	99,797,429	99,299,487
Machinery and equipment [Member]
Schedule of property, plant and equipment
Totals	133,451,281	132,785,421
Vehicles [Member]
Schedule of property, plant and equipment
Totals	669,128	665,789
Construction in progress [Member]
Schedule of property, plant and equipment
Totals	$ 22,158,680	$ 21,697,207

Property, plant and equipment49

Property, plant and equipment, net (Details Textual)	Jun. 16, 2013USD ($)	Jun. 16, 2013CNY (¥)	Mar. 31, 2016USD ($)T	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Jul. 01, 2015USD ($)	Jun. 16, 2013CNY (¥)
Property plant and equipment, net (Textual)
Deferred gain on sale of leased equipment			$ 274,400		$ 327,637
Production capacity of manufacturing equipment PM8 (per year) | T			15,000
Amount of interest capitalized			$ 17,054	$ 17,739
Assets pledged for the guarantee of Orient Paper HB's capital lease			28,231,003		28,745,628
Value of land use right pledged for sale-leaseback financing			6,767,130		6,769,894
Depreciation and amortization			4,167,672	2,514,884
Property plant and equipment pledged for long term loan			12,423,084		14,236,083
Property plant and equipment loan drawn from banking facility			28,945		29,175
Sale-leaseback arrangement [Member]
Property plant and equipment, net (Textual)
Total financing proceeds	$ 24,000,000	¥ 150,000,000
Proceeds from sale of paper manufacturing equipment to leasing company	$ 24,000,000	¥ 150,000,000
Term of lease	3 years	3 years
Nominal purchase price	$ 2,400						¥ 15,000
Deferred gain on sale of leased equipment	$ 1,379,282
Depreciation of capital lease equipment			416,751	412,870
Accumulated depreciation of lease asset			4,401,386		3,961,025
Gain on sale leaseback realized transaction			54,391	$ 115,460
Future minimum lease payment						$ 1,617,574
Unamortized deferred gain			274,400		327,637
Capital lease asset cost			$ 26,120,512		$ 25,990,183	$ 27,599,774
Land use rights [Member]
Property plant and equipment, net (Textual)
Lease expiration year			2,061		2,061
Term of lease			50 years		50 years

Loans Payable (Details)

Loans Payable (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015
Schedule of short-term bank loans
Short-term bank loans		$ 13,929,301	$ 13,859,800
Industrial & Commercial Bank of China (''ICBC'') Loan 1[Member]
Schedule of short-term bank loans
Short-term bank loans	[1]	3,095,400	3,079,956
The Commercial Bank of the City of Zhangjiakou [Member]
Schedule of short-term bank loans
Short-term bank loans	[2]	7,738,501	7,699,888
ICBC Loan 2 [Member]
Schedule of short-term bank loans
Short-term bank loans	[3]	$ 3,095,400	$ 3,079,956
[1]	On September 7, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 5.06% per annum, which was 110% of the primary lending rate of the People's Bank of China at the time of funding. The loan is due on September 6, 2016. The working capital loan was guaranteed by Hebei Tengsheng Paper Co. Ltd ("Hebei Tengsheng"), a independent third party which owns the land use rights of about 330 acres (or 1.33 million square meters) of land in the Wei County and leases about one-fourth of the premises to Orient paper HB as our production bases of tissue paper and other future facilities, with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.
[2]	On October 15, 2015, the Company entered into a working capital loan agreement with the Commercial Bank of the City of Zhangjiakou, with a balance of $7,738,501 and $7,699,888 as of March 31, 2016 and December 31, 2015, respectively. The loan bears a fixed interest rate of 11.88% per annum. The loan is due on October 15, 2016. The working capital loan was guaranteed by the Company's CEO and his wife, as well as Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.
[3]	On December 11, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 4.785% per annum at the time of funding. The loan is due on December 9, 2016. The working capital loan was guaranteed by Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.

Loans Payable (Details 1)

Loans Payable (Details 1) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Schedule of future minimum capital lease payments
2,016	$ 7,134,898
2,017	3,214,057
Totals	10,348,955
Less: Discount	(420,940)
Capital lease total	9,928,015
Less: Current portion of obligation under capital lease, net	(6,761,558)
Long-term obligation under capital lease, net	$ 3,166,457	$ 3,217,785

Loans Payable (Details Textual)

Loans Payable (Details Textual)

Dec. 11, 2015

Oct. 15, 2015

Sep. 07, 2015a

Jul. 01, 2015USD ($)

Jun. 15, 2015USD ($)

Jun. 15, 2015CNY (¥)

Apr. 16, 2014

Jul. 15, 2013

Jun. 16, 2013USD ($)

Jun. 16, 2013CNY (¥)

May. 19, 2015USD ($)

May. 19, 2015CNY (¥)

Mar. 31, 2016USD ($)m²

Mar. 31, 2015USD ($)

Dec. 31, 2015USD ($)

Dec. 26, 2014USD ($)

Jun. 16, 2013CNY (¥)

Loans Payable (Textual)

Unpaid balance of short term debt

$ 13,929,301

$ 13,859,800

Average short-term borrowing rates

8.79%

8.21%

Accounts receivable

$ 3,616,350

1,904,396

Interest expense for the short-term bank loans and long-term loans

406,717

$ 327,707

Long-term obligations under capital lease

3,166,457

3,217,785

Current obligations under capital lease

6,761,558

6,860,412

Total interest expenses for the sale-leaseback arrangement

150,033

156,054

Deferred gain on sale of leased equipment

274,400

327,637

Value of land use right pledged for sale-leaseback financing

6,767,130

6,769,894

Assets pledged for the guarantee of Orient Paper HB's capital lease

28,231,003

$ 28,745,628

Payments to lessor

$ 198,931

$ 471,459

Unsecured bank loans

Sale-leaseback arrangement [Member]

Loans Payable (Textual)

Total financing proceeds

$ 24,000,000

¥ 150,000,000

Proceeds from sale of paper manufacturing equipment to leasing company

24,000,000

¥ 150,000,000

Nominal purchase price

$ 2,400

¥ 15,000

Maturities repayment terms, description

The remaining lease term up to June 21, 2017.

The remaining lease term up to June 21, 2017.

Deferred gain on sale of leased equipment

$ 1,379,282

Future minimum lease payment

$ 1,617,574

Rural Credit Union of Xushui County [Member]

Loans Payable (Textual)

Loans from credit union

$ 5,200,272

$ 5,174,325

Term Loan [Member] | Rural Credit Union of Xushui County [Member]

Loans Payable (Textual)

Total outstanding loan balance

1,331,022

1,324,380

Long-term debt, Interest rate per month

0.72%

Installment repayment description

The Rural Credit Union of Xushui County for a term of 5 years, which is payable in various installments from June 21, 2014 to November 18, 2018.

The Rural Credit Union of Xushui County for a term of 5 years, which is due and payable in various installments from December 21, 2013 to July 26, 2018.

Loan extension period

5 years

Loan amount

193,463

Original repayment of loan

131,555

New term loan agreement [Member] | Rural Credit Union of Xushui County [Member]

Loans Payable (Textual)

Total outstanding loan balance

$ 3,869,250

3,849,945

Long-term debt, Interest rate per month

0.72%

Loan extension period

5 years

Security loan agreement by manufacturing equipment

$ 12,423,084

14,236,083

Loan amount

201,201

Original repayment of loan

123,816

Lease financing agreement [Member]

Loans Payable (Textual)

Maturities repayment terms, description

The 2015 Agreement sets forth a modified and extended payment schedule with respect to the remaining payment obligation, with the final repayment date extended to June 21, 2017. Under the 2015 Agreement, the interest accrues at a rate of 15% per annum starting on June 16, 2015, and is payable on the 20th of every March, June, September and December until the principal is paid off, except for the first payment, which is due on July 31, 2015.

Deferred gain on sale of leased equipment

1,379,282

ICBC Loan 1 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[1]

3,095,400

3,079,956

ICBC Loan 1 [Member] | Factoring Facility [Member]

Loans Payable (Textual)

Short-term bank loans, fixed interest rate

5.06%

Short-term bank loans interest rate as percentage of prime rate

110.00%

Loan, maturity date

Sep. 6, 2016

Area of land | a

330

The Commercial Bank of the City of Zhangjiakou [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[2]

7,738,501

7,699,888

Short-term bank loans, fixed interest rate

11.88%

Loan, maturity date

Oct. 15, 2016

ICBC Loan 2 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[3]

3,095,400

$ 3,079,956

China National Foreign Trade Financial & Leasing Co. [Member] | Lease financing agreement [Member]

Loans Payable (Textual)

Total financing proceeds

24,000,000

¥ 150,000,000

Proceeds from sale of paper manufacturing equipment to leasing company

24,000,000

¥ 150,000,000

Nominal purchase price

$ 2,400

¥ 15,000

Lease service charge, Description

Equal to 5.55% of the amount financed.

Equal to 5.55% of the amount financed.

Lease service expense

$ 1,360,000

Implicit interest rate

6.15%

6.15%

Stated capital lease

$ 25,750,170

Payment for liquidated damage

$ 9,200

Payments to lessor

$ 3,000,000

¥ 20,000,000

$ 800,000

¥ 5,000,000

China National Foreign Trade Financial & Leasing Co. [Member] | Collateral Agreement [Member]

Loans Payable (Textual)

Value of land use right pledged for sale-leaseback financing

$ 6,767,130

Land collateral for capital lease | m²

58,566

ICBC Loan 2 [Member] | Factoring Facility [Member]

Loans Payable (Textual)

Short-term bank loans, fixed interest rate

4.785%

Loan, maturity date

Dec. 9, 2016

[1]

On September 7, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 5.06% per annum, which was 110% of the primary lending rate of the People's Bank of China at the time of funding. The loan is due on September 6, 2016. The working capital loan was guaranteed by Hebei Tengsheng Paper Co. Ltd ("Hebei Tengsheng"), a independent third party which owns the land use rights of about 330 acres (or 1.33 million square meters) of land in the Wei County and leases about one-fourth of the premises to Orient paper HB as our production bases of tissue paper and other future facilities, with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.

[2]

On October 15, 2015, the Company entered into a working capital loan agreement with the Commercial Bank of the City of Zhangjiakou, with a balance of $7,738,501 and $7,699,888 as of March 31, 2016 and December 31, 2015, respectively. The loan bears a fixed interest rate of 11.88% per annum. The loan is due on October 15, 2016. The working capital loan was guaranteed by the Company's CEO and his wife, as well as Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.

[3]

On December 11, 2015, the Company entered into a working capital loan agreement with the ICBC, with a balance of $3,095,400 and $3,079,956 as of March 31, 2016 and December 31, 2015, respectively. The loan bears an interest rate of 4.785% per annum at the time of funding. The loan is due on December 9, 2016. The working capital loan was guaranteed by Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank.

Related Party Transactions (Det

Related Party Transactions (Details)	Jul. 13, 2015USD ($)	Dec. 10, 2014	Aug. 07, 2013USD ($)Apartment	Aug. 07, 2013CNY (¥)Apartment	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Jul. 13, 2015CNY (¥)	Mar. 01, 2015USD ($)	Mar. 01, 2015CNY (¥)
Related Party Transactions (Textual)
Proceeds from shareholder loan					$ 14,000	$ 80,000
Rental payment			$ 154,770	¥ 1,000,000
Industrial building lease term			3 years	3 years
Number of dormitory buildings | Apartment			3	3
Loan from related parties, interest expense					181,193	182,196
Accrued interest					737,706		$ 552,115
Sale price of industrial land use rights					2,770,000
Sale price of industrial building					1,150,000
Original cost of construction of three dormitory buildings					4,310,000
Interest paid					539,987	$ 302,281
Chief Executive Officer [Member]
Related Party Transactions (Textual)
Loans payable to related party	$ 4,643,100							¥ 30,000,000	$ 18,572,401	¥ 120,000,000
Accrued interest					172,665
Orient Paper HB [Member] | Chief Executive Officer [Member]
Related Party Transactions (Textual)
Interest rate on loans	5.25%
Unsecured loan expirations date	Jul. 12, 2018
Hebei Fangsheng [Member]
Related Party Transactions (Textual)
Accrued rental					409,292		368,751
Mr. Zhenyong Liu [Member]
Related Party Transactions (Textual)
Loan paid off							2,249,279
Loans payable to related party					13,929,301		13,859,800
Other payables and accrued liabilities					396,729
Accrued interest					168,312
Interest paid							391,374
Mr. Zhenyong Liu [Member] | Orient Paper HB [Member]
Related Party Transactions (Textual)
Loans payable to related party					$ 9,286,201		$ 9,239,867
Interest rate on loans		5.25%
Unsecured loan expirations date		Dec. 10, 2017

Notes Payable (Details)

Notes Payable (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Notes payable (Textual)
Notes payable	$ 8,729,029	$ 13,859,800
Restricted cash	8,729,029	10,779,845
Property plant and equipment loan drawn from banking facility	28,945	29,175
Acceptance of notes	6,190,800
Bank of Hebei [Member]
Notes payable (Textual)
Notes payable	$ 990,528	6,159,911
Property plant and equipment loan drawn from banking facility		$ 29,175
Short-term bank loans, fixed interest rate
Handling charges of bank acceptance notes percentage	0.05%	0.05%
Description of maturity of loans payable	The acceptance notes will become due and payable on various dates starting from April 23, 2016 through August 3, 2016.	Repaid in January 2016 and the remaining will become due in April 2016
Commercial Bank of the City of Zhangjiakou [Member]
Notes payable (Textual)
Notes payable	$ 7,738,501	$ 7,699,889

Other Payables and Accrued Li55

Other Payables and Accrued Liabilities (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Summary of other payables and accrued liabilities
Accrued electricity	$ 332,460	$ 168,840
Value-added tax payable	414,961
Accrued interest to a related party	737,706	$ 552,115
Accrued bank loan interest	74,341	73,970
Payable for purchase of equipment	3,028,724	3,093,239
Others	56,966	14,807
Totals	$ 4,645,158	$ 3,902,971

Common Stock (Details)

Common Stock (Details)	Jan. 12, 2016USD ($)$ / sharesshares	Aug. 28, 2011USD ($)$ / shares	Mar. 31, 2016Officers	Dec. 31, 2013USD ($)$ / shares
Common Stock (Textual)
Number of officers | Officers			9
Share price | $ / shares	$ 1.25	$ 3.45		$ 2.66
Fair value of stock to issuance to officer and directors | $	$ 1,417,395	$ 378,065		$ 790,020
Compensatory Incentive Plans [Member]
Common Stock (Textual)
Shares of common stock under compensatory incentive plans	1,133,916
2012 ISP [Member]
Common Stock (Textual)
Shares of common stock under compensatory incentive plans	168,416
2015 Omnibus Equity Incentive [Member]
Common Stock (Textual)
Shares of common stock under compensatory incentive plans	965,500

Stock Warrants (Details)

Stock Warrants (Details)	3 Months Ended
	Mar. 31, 2016
Date of Issuance August 27, 2014 to September 2, 2019 [Member]
Stock Warrants [Line Items]
Terms of warrants	5 years
Expected volatility	72.00%
Risk-free interest rate	1.69%
Expected dividend yield	0.81%
Date of Issuance September 3, 2014 to June 26, 2019 [Member]
Stock Warrants [Line Items]
Terms of warrants	4 years 9 months 22 days
Expected volatility	69.80%
Risk-free interest rate	1.62%
Expected dividend yield	0.81%

Stock Warrants (Details 1)

Stock Warrants (Details 1) - Warrant [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Number
Outstanding and exercisable at beginning of the period | shares	820,312
Issued during the period | shares
Exercised during the period | shares
Cancelled or expired during the period | shares
Outstanding and exercisable at end of the period | shares	820,312
Weighted average exercise price
Outstanding and exercisable at beginning of the period	$ 1.71
Issued during the period
Exercised during the period
Cancelled or expired during the period
Outstanding and exercisable at end of the period	$ 1.71
Range of exercise price, Lower range limit	1.70
Range of exercise price, Upper range limit	$ 2

Stock Warrants (Details Textual

Stock Warrants (Details Textual) - Warrant [Member] - USD ($)	Aug. 27, 2014	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Stock Warrants (Textual)
Issuance of common stock and warrants	1,562,500
Shares issued to purchase common stock	781,250
Exercise price	$ 1.70	$ 2
Warrants expiration date	Sep. 2, 2019	Jun. 26, 2019
Warrants exercisable term	5 years
Aggregate percentage of common stock sold under offering		2.50%
Aggregate number of shares of common stock sold		39,062
Fair value of common stock sold	$ 780,000	$ 35,191
Aggregated intrinsic value of warrants outstanding and exercisable

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Basic income/(loss) per share
Net income(loss) for the period - numerator	$ (1,373,896)	$ 2,105,489
Weighted average common stock outstanding - denominator	21,311,726	20,316,400
Net income(loss) per share	$ (0.06)	$ 0.10
Diluted income/(loss) per share
Net income(loss) for the period - numerator	$ (1,373,896)	$ 2,105,489
Weighted average common stock outstanding - denominator	21,311,726	20,316,400
Effect of dilution
Weighted average common stock outstanding - denominator	21,311,726	20,316,400
Diluted income(loss) per share	$ (0.06)	$ 0.10

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share (Textual)
Shares excluded from calculations of dilutive net income per share	820,312	820,312

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Provision for Income Taxes
Current Tax Provision PRC	$ 636,266	$ 956,455
Deferred Tax Provision PRC	(591,959)	(150,970)
Total Provision for Income Taxes	$ 103,427	$ 805,485

Income Taxes (Details 1)

Income Taxes (Details 1)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of reconciliation of statutory rates to Company's effective tax rate
PRC Statutory rate	25.00%	25.00%
Effect of different tax jurisdiction	11.70%	(0.90%)
Effect of expenses not deductible for PRC tax purposes	(0.60%)	0.10%
Change in valuation allowance	(44.20%)	3.50%
Effective income tax rate	(8.10%)	27.70%

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes (Textual)
Statutory tax rate	25.00%	25.00%
Income tax, statute of limitations period	5 years
Effective income tax rate	(8.10%)	27.70%
United States [Member]
Income Taxes (Textual)
Statutory tax rate	34.00%
State tax rate	0.00%
PRC [Member]
Income Taxes (Textual)
Statutory tax rate	25.00%

Stock Incentive Plans (Details)

Stock Incentive Plans (Details) - USD ($)	Jan. 12, 2016	Aug. 28, 2011	Dec. 31, 2013	Aug. 29, 2015	Sep. 10, 2012
Stock Incentive Plans (Textual)
Shares issued under incentive stock plan	1,133,916	109,584	297,000
Share price	$ 1.25	$ 3.45	$ 2.66
Fair value of stock to issuance to officer and directors	$ 1,417,395	$ 378,065	$ 790,020
2012 ISP [Member]
Stock Incentive Plans (Textual)
Number of shares authorized for issuance under stock incentive plan					200,000
Shares issued under incentive stock plan	168,416		31,584
2011 ISP [Member]
Stock Incentive Plans (Textual)
Number of shares authorized for issuance under stock incentive plan		375,000
Shares issued under incentive stock plan			265,416
2015 Incentive Plan [Member]
Stock Incentive Plans (Textual)
Number of shares authorized for issuance under stock incentive plan				1,500,000
Shares issued under incentive stock plan	965,500

Commitments and Contingencies66

Commitments and Contingencies (Details)	Mar. 31, 2016USD ($)
Schedule of future minimum lease payments
2,017	$ 630,762
2,018	575,744
2,019	575,744
2,020	575,744
2,021	575,744
Thereafter	3,542,686
Total operating lease payments	$ 6,476,424

Commitments and Contingencies67

Commitments and Contingencies (Details Textual)	1 Months Ended		3 Months Ended
	Nov. 27, 2012USD ($)a	Nov. 27, 2012CNY (¥)a	Mar. 31, 2016USD ($)a	Mar. 31, 2016CNY (¥)	Mar. 31, 2016CNY (¥)a	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)
Commitments and Contingencies (Textual)
Outstanding commitments for construction of equipment and facilities | $			$ 17,226,574			$ 17,429,301
Performance holdback on new tissue paper payment, description			The Company expected to pay off all the balances within 1 year.	The Company expected to pay off all the balances within 1 year.
Long term loan from financial institutions			$ 8,667,121		¥ 56,000,000	$ 8,623,876	¥ 56,000,000
Long term loan maturity, description			The Company guaranteed the third party's long-term loan from the financial institutions amounting to $8,667,121 (RMB56,000,000) and $8,623,876 (RMB56,000,000) that matured at various times in 2018, as a guarantor.	The Company guaranteed the third party's long-term loan from the financial institutions amounting to $8,667,121 (RMB56,000,000) and $8,623,876 (RMB56,000,000) that matured at various times in 2018, as a guarantor.
Local government, Xushui County [Member]
Commitments and Contingencies (Textual)
Area of land			32.95		32.95
Lease expiration period			30 years	30 years
Lease expiration date			Dec. 31, 2031	Dec. 31, 2031
Operating lease annual rental payment			$ 18,572	¥ 120,000
Investment Company [Member]
Commitments and Contingencies (Textual)
Area of land	49.4	49.4
Lease expiration period	15 years	15 years
Operating lease annual rental payment	$ 557,172	¥ 3,600,000
Hebei Fangsheng [Member]
Commitments and Contingencies (Textual)
Lease expiration period			3 years	3 years
Operating lease annual rental payment			$ 154,770	¥ 1,000,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Summarized financial information for reportable segments
Revenues	$ 27,914,333	$ 26,504,344
Gross Profit	3,765,884	4,986,733
Depreciation and amortization	4,167,672	2,514,884
Interest income	30,787	48,808
Interest expense	720,889	648,218
Income tax expense(benefit)	103,427	805,485
Net Income (Loss)	(1,373,896)	2,105,489
Total Assets	236,241,891		$ 238,626,919
Orient Paper HB [Member]
Summarized financial information for reportable segments
Revenues	27,601,565	26,504,344
Gross Profit	4,009,947	4,986,733
Depreciation and amortization	3,930,916	2,262,688
Interest income	30,546	48,316
Interest expense	720,889	648,218
Income tax expense(benefit)	160,974	874,254
Net Income (Loss)	473,779	$ 2,638,118
Total Assets	203,238,269		205,117,348
Orient Paper Shengde [Member]
Summarized financial information for reportable segments
Revenues	312,768
Gross Profit	(244,063)
Depreciation and amortization	236,756	$ 252,196
Interest income	$ 241	$ 492
Interest expense
Income tax expense(benefit)	$ (57,547)	$ 68,769
Net Income (Loss)	(197,821)	$ (231,747)
Total Assets	$ 32,979,683		33,500,731
Not Attributable to Segments [Member]
Summarized financial information for reportable segments
Revenues
Gross Profit
Depreciation and amortization
Interest income
Interest expense
Income tax expense(benefit)
Net Income (Loss)	$ (1,649,854)	$ (300,882)
Total Assets	$ 23,939		$ 8,840
Elimination of Inter-segment [Member]
Summarized financial information for reportable segments
Revenues
Gross Profit
Depreciation and amortization
Interest income
Interest expense
Income tax expense(benefit)
Net Income (Loss)
Total Assets
Enterprise-wide, consolidated [Member]
Summarized financial information for reportable segments
Revenues	$ 27,914,333	$ 26,504,344
Gross Profit	3,765,884	4,986,733
Depreciation and amortization	4,167,672	2,514,884
Interest income	30,787	48,808
Interest expense	720,889	648,218
Income tax expense(benefit)	103,427	(805,485)
Net Income (Loss)	(1,373,896)	$ 2,105,489
Total Assets	$ 236,241,891		$ 238,626,919

Segment Reporting (Details Text

Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2016Segment
Segment Reporting (Textual)
Number of business operating segments	2
Number of reportable segment	2

Concentration and Major Custo70

Concentration and Major Customers and Suppliers (Details)	3 Months Ended
	Mar. 31, 2016SuppliersCustomers	Mar. 31, 2015SuppliersCustomers
Concentration and major customers and suppliers (Textual)
Number of major suppliers | Suppliers	3	3
Number of customer contributed over 10% of total sales | Customers
Sales [Member]
Concentration and major customers and suppliers (Textual)
Percentage of revenue	10.00%
Supplier A [Member]
Concentration and major customers and suppliers (Textual)
Percentage of revenue	65.00%	66.00%
Supplier B [Member]
Concentration and major customers and suppliers (Textual)
Percentage of revenue	14.00%	18.00%
Supplier C [Member]
Concentration and major customers and suppliers (Textual)
Percentage of revenue	7.00%	8.00%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	May. 01, 2015USD ($)	May. 01, 2015CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2016CNY (¥)
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation	$ 78,600	¥ 500,000	$ 3,406,558	¥ 22,010,451
Maximum [Member]
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation				¥ 500,000