IT Tech Packaging (ITP) 10-K 17 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 17, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Orient Paper Inc.
Entity Central Index Key	1,358,190
Trading Symbol	ONP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 16,651,262
Entity Common Stock, Shares Outstanding		21,450,316

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current Assets
Cash and bank balances	$ 2,895,790	$ 2,332,646
Restricted cash	6,121,637	2,162,318
Accounts receivable (net of allowance for doubtful accounts of $37,626 and $79,478 as of December 31, 2017 and 2016, respectively)	1,843,682	3,894,436
Inventories	8,474,165	5,632,030
Prepayments and other current assets	651,523	455,892
Total current assets	19,986,797	14,477,322
Property, plant, and equipment, net	189,388,709	187,689,880
Value-added tax recoverable	3,041,416	2,945,575
Deferred tax asset non-current	6,572,559	3,264,841
Total Assets	218,989,481	208,377,618
Current Liabilities
Short-term bank loans	7,192,923	5,045,409
Current portion of long-term loans from credit union	6,366,502
Current obligations under capital lease		8,786,528
Accounts payable	422,705	559,952
Advance from customers		28,831
Notes payable	6,121,637	2,162,318
Due to a related party	60,378	56,872
Accrued payroll and employee benefits	231,247	209,936
Other payables and accrued liabilities	836,337	2,424,778
Income taxes payable	525,804	1,310,967
Total current liabilities	21,757,533	20,585,591
Loans from credit union	1,193,719	4,843,592
Loans from a related party	10,712,865	10,090,817
Deferred gain on sale-leaseback		102,232
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $31,235,520 and $35,618,995 as of December 31, 2017 and 2016, respectively)	33,664,117	35,622,232
Commitments and Contingencies
Stockholders' Equity
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 shares issuedand outstanding as of December 31, 2017 and 2016, respectively	21,450	21,450
Additional paid-in capital	50,635,243	50,635,243
Statutory earnings reserve	6,080,574	6,080,574
Accumulated other comprehensive income (loss)	5,468,799	(5,441,391)
Retained earnings	123,119,298	121,459,510
Total stockholders' equity	185,325,364	172,755,386
Total Liabilities and Stockholders' Equity	$ 218,989,481	$ 208,377,618

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 37,626	$ 79,478
Consolidated VIE, liabilities	$ 31,235,520	$ 35,618,995
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	21,450,316
Common stock, shares outstanding	21,450,316	21,450,316

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statements of Income and Comprehensive Income (Loss) [Abstract]
Revenues	$ 117,023,578	$ 134,744,600
Cost of sales	(97,067,627)	(109,212,717)
Gross Profit	19,955,951	25,531,883
Selling, general and administrative expenses	(11,307,395)	(12,401,858)
Loss on impairment of assets	(2,291,027)
Loss from disposal of property, plant and equipment	(1,677,262)	(178,306)
Income from Operations	4,680,267	12,951,719
Other Income (Expense):
Interest income	34,590	96,976
Subsidy income	41,529
Interest expense	(2,433,770)	(2,621,147)
Income before Income Taxes	2,322,616	10,427,548
Provision for Income Taxes	(662,828)	(3,114,572)
Net Income	1,659,788	7,312,976
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	10,910,190	(11,784,410)
Total Comprehensive Income (Loss)	$ 12,569,978	$ (4,471,434)
Earnings Per Share:
Basic and Diluted Earnings per Share	$ 0.08	$ 0.34
Outstanding - Basic and Diluted	21,450,316	21,416,143

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock	Additional Paid-in Capital	Statutory Earnings Reserve	Accumulated Other Comprehensive Income (loss)	Retained Earnings
Balance at Dec. 31, 2015	$ 175,809,425	$ 20,316	$ 49,218,982	$ 6,080,574	$ 6,343,019	$ 114,146,534
Balance, Shares at Dec. 31, 2015		20,316,400
Issuance of shares to officer and directors	1,417,395	$ 1,134	1,416,261
Issuance of shares to officer and directors, shares		1,133,916
Foreign currency translation adjustment	(11,784,410)				(11,784,410)
Net income for the year	7,312,976
Balance at Dec. 31, 2016	172,755,386	$ 21,450	50,635,243	6,080,574	(5,441,391)	121,459,510
Balance, Shares at Dec. 31, 2016		21,450,316
Issuance of shares to officer and directors						1,417,395
Foreign currency translation adjustment	10,910,190				10,910,190
Net income for the year	1,659,788					1,659,788
Balance at Dec. 31, 2017	$ 185,325,364	$ 21,450	$ 50,635,243	$ 6,080,574	$ 5,468,799	$ 123,119,298
Balance, Shares at Dec. 31, 2017		21,450,316

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities:
Net income	$ 1,659,788	$ 7,312,976
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,633,780	15,287,509
Loss from impairment and disposal of property, plant and equipment	3,968,289	178,306
(Recovery from) Allowance for bad debts	(45,309)	44,938
Share-based compensation expenses		1,417,395
Deferred tax	(3,010,577)	(1,959,494)
Changes in operating assets and liabilities:
Accounts receivable	2,265,428	(2,246,882)
Prepayments and other current assets	(79,264)	1,410,080
Inventories	(2,417,942)	3,112,465
Accounts payable	(166,464)	336,507
Advance from customers	(29,663)	26,173
Notes payable	3,707,933	(11,273,279)
Due to a related party		(300,621)
Accrued payroll and employee benefits	8,111	(300,275)
Other payables and accrued liabilities	(1,503,275)	1,509,196
Income taxes payable	(839,047)	722,528
Net Cash Provided by Operating Activities	18,151,788	15,277,522
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(9,380,702)	(11,586,214)
Proceeds from sale of property, plant and equipment	59,066	41,185
Net Cash Used in Investing Activities	(9,321,636)	(11,545,029)
Cash Flows from Financing Activities:
Proceeds from related party loans		3,020,208
Repayments of related party loans		(6,026,416)
Proceeds from short term bank loans	12,903,609	6,463,347
Proceeds from credit union loans	2,373,077
Repayment of bank loans	(11,153,463)	(14,730,418)
Payment of capital lease obligation	(9,040,260)	(675,139)
(Increase in) Release of restricted cash	(3,707,933)	8,267,072
Net Cash Used in Financing Activities	(8,624,970)	(3,681,346)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	357,962	(360,418)
Net Increase (Decrease) in Cash and Cash Equivalents	563,144	(309,271)
Cash and Cash Equivalents - Beginning of Year	2,332,646	2,641,917
Cash and Cash Equivalents - End of Year	2,895,790	2,332,646
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost	2,103,340	2,414,458
Cash paid for income taxes	4,512,453	4,351,538
Cash and bank balances	2,895,790	2,332,646
Restricted cash	6,121,637	2,162,318
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 9,017,427	$ 4,494,964

Organization and Business Backg

Organization and Business Background	12 Months Ended
	Dec. 31, 2017
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 Dongfang Zhiye 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 abovementioned $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 (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 generated from Orient Paper HB for the years ended December 31, 2017 and 2016 was accounted for 100% and 99.51%, respectively, of the Company’s total revenue for the same years. Orient Paper HB also accounted for 87.96% and 86.23% of the total assets of the Company as of December 31, 2017 and 2016, respectively. As of December 31, 2017 and 2016, details of the Company’s subsidiaries and variable interest entity 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(“VIE”): 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 to be in violation of any existing and/or future PRC laws or regulations and could limit the Company’s ability, through its subsidiary, to enforce its rights under these contractual arrangements. Furthermore, shareholders of the VIE may have interests that are different than those of the Company, which could potentially increase the risk that they would seek to act 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 being required to 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 believes the possibility that it will no longer be able to control and consolidate its VIE will occur as a result of the aforementioned risks and uncertainties is remote. 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 consolidated balance sheets as of December 31, 2017 and 2016 are as follows: December 31, December 31, 2017 2016 ( Unaudited) ASSETS Current Assets Cash and bank balances $ 2,681,942 $ 2,005,288 Restricted cash 6,121,637 2,162,318 Accounts receivable 1,843,682 3,894,435 Inventories 8,431,972 5,592,230 Prepayments and other current assets 646,598 451,349 Total current assets 19,725,831 14,105,620 Property, plant, and equipment, net 167,727,768 162,779,492 Deferred tax asset non-current 5,167,288 2,804,019 Total Assets $ 192,620,887 $ 179,689,131 LIABILITIES Current Liabilities Short-term bank loans $ 7,192,923 $ 5,045,409 Current portion of long-term loans from credit union 5,142,175 - Current obligations under capital lease 8,786,528 Accounts payable 422,705 559,952 Advance from customers 28,831 Notes payable 6,121,637 2,162,318 Due to a related party 60,378 56,872 Accrued payroll and employee benefits 227,163 206,642 Other payables and accrued liabilities 836,309 2,424,751 Income taxes payable 519,365 1,311,051 Total current liabilities 20,522,655 20,582,354 Loans from credit union - 4,843,592 Loans from a related party 10,712,865 10,090,817 Deferred gain on sale-leaseback - 102,232 Total liabilities $ 31,235,520 $ 35,618,995 The Company and its consolidated subsidiaries are not required to provide financial support to the VIE, and no creditor (or beneficial interest holders) of the VIE have recourse to the assets of Company unless the Company separately agrees to be subject to such claims. There are no terms in any agreements or arrangements, implicit or explicit, which require the Company or its subsidiaries to provide financial support to the VIE. However, if the VIE does require financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to the VIE.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	(2) Basis of Presentation and Significant Accounting Policies Basis of Consolidation The consolidated financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and include the assets, liabilities, revenues, expenses and cash flows of all subsidiaries and variable interest entity. All significant inter-company balances, transactions and cash flows are eliminated on consolidation. Liquidity and Going Concern As of December 31, 2016, the Company had current assets of $14,477,322 and current liabilities of $20,585,591 (including amounts due to related parties of $573,697), resulting in a working capital deficit of approximately $6,108,269. In addition, included in the current liabilities, there was an overdue amount of RMB 20,000,000 (US$3,006,208) in respect of the sale-leaseback arrangement (the “Lease Financing Agreement”) with China National Foreign Trade Financial & Leasing Co., Ltd (“CNFTFL”). See “Financing with Sale-Leaseback” under Note (7), Loans Payable, for details. Therefore, there was 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 as of December 31, 2016. On August 24. 2017, the Company has paid off the total outstanding amount, including overdue amount, in respect of the Lease Financing Agreement with CNFTFL. As of December 31, 2017, the working capital deficit decreased by $4,337,533 to $1,770,736 compared to December 31, 2016. The management evaluated that there is no conditions or events, considered in aggregate, that may raise substantial doubt about the Company’s ability to continue as a going concern as of December 31, 2017. Foreign Currency Translation The Company accounts for foreign currency translation pursuant to ASC Topic 830, Foreign Currency Matters Under ASC Topic 830-30, all assets and liabilities are translated into United States dollars using the current exchange rate at the end of each fiscal period. The current exchange rates used by the Company as of December 31, 2017 and 2016 to translate the Chinese RMB to the U.S. Dollars are 6.5342:1, and 6.9370:1, respectively. Revenues and expenses are translated using the average exchange rates prevailing throughout the respective years at 6.7423:1 and 6.6529:1 for the years ended December 31, 2017 and 2016, respectively. Translation adjustments are included in other comprehensive income (loss). Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of December 31, 2017 and 2016, and revenues and expenses for the years ended December 31, 2017 and 2016. The most significant estimates relate to allowance for uncollectible accounts receivable, inventory valuation, useful lives and impairment for property, plant and equipment, valuation allowance for deferred tax assets and contingencies. Actual results could differ from those estimates made by management. Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, Orient Paper considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. Accounts Receivable Trade accounts receivable are recorded on shipment of products to customers. The trade receivables are all without customer collateral and interest is not accrued on past due accounts. Periodically, management reviews the adequacy of its provision for doubtful accounts based on historical bad debt expense results and current economic conditions using factors based on the aging of its accounts receivable. Additionally, the Company may identify additional allowance requirements based on indications that a specific customer may be experiencing financial difficulties. Actual bad debt results could differ materially from these estimates. As of December 31, 2017 and 2016, the balance of allowance for doubtful accounts was $37,626 and $79,478, respectively; and the movement of the provision of the doubtful accounts is as below. While management uses the best information available upon which to base estimates, future adjustments to the allowance may be necessary if economic conditions differ substantially from the assumptions used for the purposes of analysis. December 31, December 31, Allowance of doubtful accounts 2017 2016 Opening balance $ 79,478 $ 38,865 Provision (Reversal) for the year (45,309 ) 44,938 Exchange difference 3,457 (4,325 ) Closing balance $ 37,626 $ 79,478 Inventories Inventories consist principally of raw materials and finished goods, and are stated at the lower of cost (average cost method) or market. Cost includes labor, raw materials, and allocated overhead. No provision in inventories has been provided for the years ended December 31, 2017 and 2016. Property, Plant, and Equipment Property, plant, and equipment are stated at cost less accumulated depreciation and any impairment losses. Major renewals, betterments, and improvements are capitalized to the asset accounts while replacements, maintenance, and repairs, which do not improve or extend the lives of the respective assets, are expensed to operations. At the time property, plant, and equipment are retired or otherwise disposed of, the asset and related accumulated depreciation or amortization accounts are relieved of the applicable amounts. Gains or losses from retirements or sales are credited or charged to operations. Construction-in-progress is stated at cost and capitalized as expenses are incurred or as payments are made pursuant to relevant construction contracts. Contract retention is recorded as accrued liability. Construction in progress is not depreciated until project completion and the constructed property being placed in service, at which time the capitalized balance will be transferred to appropriate account of property, plant and equipment. The Company depreciates property, plant, and equipment using the straight-line method as follows: Land use right Over the lease term Building and improvements 30 years Machinery and equipment 5-15 years Vehicles 15 years 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. Statutory Reserves According to the laws and regulations in the PRC, the Company is required to provide for certain statutory funds, namely, a reserve fund by an appropriation from net profit after taxation but before dividend distribution based on the local statutory financial statements of the PRC subsidiary and variable interest entity prepared in accordance with the PRC accounting principles and relevant financial regulations. Each of the Company’s wholly owned subsidiary and variable interest entity in the PRC are required to allocate at least 10% of its net profit to the reserve fund until the balance of such fund has reached 50% of its registered capital. Appropriations of additional reserve fund are determined at the discretion of its directors. The reserve fund can only be used, upon approval by the relevant authority, to offset accumulated losses or increase capital. For the years ended December 31, 2017 and 2016, Orient Paper made transfers of $nil to this reserve fund. As a result of net loss in fiscal year 2017 and 2016 of Orient Paper Shengde, no statutory reserves were provided for the year ended December 31, 2017 and 2016. The Company’s variable interest entity Orient Paper HB, the statutory reserve account of which has been fully funded for 50% of its registered capital in the amount of RMB 75,030,000 (or approximately $11,811,470) since December 31, 2010, did not make any transfer to statutory reserves during the years ended December 31, 2017 and 2016. Employee Benefit Plan Full time employees of the PRC entities participate in a government mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance and other welfare benefits are provided to employees. The total provision for such employee benefits was $nil for the years ended December 31, 2017 and 2016. Revenue Recognition Policy The Company recognizes revenue when goods are delivered, when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist, and collectability is reasonably assured. Goods are considered delivered when customer’s truck picks up goods at our finished goods inventory warehouse. Shipping Cost Substantially all customers use their own trucks or hire commercial trucking companies to pick up goods from the Company. The Company usually incurs no shipping cost for delivery of goods to customers. For those rare situations where products are not shipped utilizing customer specified shipping services, the Company charges customers a shipping fee which is included in net revenues and was not material. Freight-in and handling costs incurred by the Company with respect to purchased goods are recorded as a component of inventory cost and charged to cost of sales when the inventory items are sold. Advertising The Company expenses all advertising and promotion costs as incurred. The Company incurred $nil of advertising and promotion costs for the years ended December 31, 2017 and 2016. Research and development costs Research and development costs are expensed as incurred and included in selling, general and administrative expenses. Research and development expenses incurred $31,922 and $21,598 for the years ended December 31, 2017 and 2016, respectively. Borrowing costs Borrowing costs attributable directly to the acquisition, construction or production of qualifying assets which require a substantial period of time to be ready for their intended use or sale, are capitalized as part of the cost of those assets. Income earned on temporary investments of specific borrowings pending their expenditure on those assets is deducted from borrowing costs capitalized. All other borrowing costs are recognized in interest expenses in the period in which they are incurred. Government subsidies A government subsidy is not recognized until there is reasonable assurance that: (a) the enterprise will comply with the conditions attached to the grant; and (b) the grant will be received. When the Company received the government subsidies but the conditions attached to the grants have not been fulfilled, such government subsidies are deferred and recorded under other payables and accrued expenses, and other long-term liability. The classification of short-term or long-term liabilities is depended on the management's expectation of when the conditions attached to the grant can be fulfilled. For the years ended December 31, 2017 and 2016, the Company received government subsidies of $41,529 and $nil, which are recognized as subsidy income in the consolidated statements of income in that fiscal year. Lease Obligations All non-cancellable leases with an initial term greater than one year are categorized as either capital or operating leases. For the lessee, a lease is a capital lease if any of the following conditions exist: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property’s estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. All other leases are accounted for as operating leases. Assets recorded under capital leases are amortized according to the same depreciation methods employed for property, plant and equipment or over the term of the related lease, if shorter. The Company defers any profit or loss from a sale-leaseback transaction unless any of the following conditions exist: a) the seller-lessee relinquishes the right to substantially all of the remaining use of the property sold retaining only a minor portion of such use; b) the seller-lessee retains more than a minor part but less than substantially all of the use of the property through the leaseback and realizes a profit on the sale in excess of the recorded amount of the leased assets; or c) the fair value of the property at the time of the transaction is less than its undepreciated cost, in which circumstance a loss shall be recognized immediately. Income Taxes The Company accounts for income taxes pursuant to ASC Topic 740, Income Taxes. Income taxes are provided on an asset and liability approach for financial accounting and reporting of income taxes. Any tax paid by subsidiaries during the year is recorded. Current tax is based on the profit or loss from ordinary activities adjusted for items that are non-assessable or disallowable for income tax purpose and is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. ASC Topic 740 also requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carry-forwards. ASC Topic 740 additionally requires the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Realization of deferred tax assets, including those related to the U.S. net operating loss carry-forwards, are dependent upon future earnings, if any, of which the timing and amount are uncertain. The Company adopted ASC Topic 740-10-05, Income Tax The Company’s policy on classification of all interest and penalties related to unrecognized income tax positions, if any, is to present them as a component of income tax expense. Value Added Tax Both the PRC subsidiary and variable interest entity of the Company are subject to value added tax (“VAT”) imposed by the PRC government on its purchase and sales of goods. The output VAT is charged to customers who purchase goods from the Company and the input VAT is paid when the Company purchases goods from its vendors. VAT rate is 17% in general, depending on the types of products purchased and sold. The input VAT can be offset against the output VAT. Debit balance of VAT payable represents a credit against future collection of output VAT instead of a receivable due from government. Comprehensive Income (Loss) The Company presents comprehensive income (loss) in accordance with ASC Topic 220, Comprehensive Income Earnings Per Share Basic earnings per share is computed by dividing the net income attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation, The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures 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 December 31, 2017 and 2016, the carrying value of the Company’s short term financial instruments, such as cash and bank balances, 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; 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 Company does not have any assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016. 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.

Restricted Cash

Restricted Cash	12 Months Ended
	Dec. 31, 2017
Restricted Cash [Abstract]
Restricted Cash	(3) Restricted Cash Restricted cash of $6,121,637 as of December 31, 2017 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from these banks (see Note (9)). The restriction will be lifted upon the maturity of the notes payable on January 5, 2018. Restricted cash of $2,162,318 as of December 31, 2016 was presented for the cash deposited at the Bank of Hebei for purpose of securing the bank acceptance notes from these banks. The restriction has been lifted upon the maturity of the notes payable on February 1, 2017.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2017
Inventories [Abstract]
Inventories	(4) Inventories Raw materials inventory includes mainly recycled paper and coal. Finished goods include mainly products of corrugating medium paper and offset printing paper. Inventories consisted of the following as of and December 31, 2017 and 2016: December 31, December 31, 2017 2016 Raw Materials Recycled paper board $ 6,337,374 $ 3,337,649 Recycled white scrap paper 862,734 - Recycled scrap binding margin - 547,803 Coal & gas 71,674 242,307 Base paper and other raw materials 216,655 265,464 7,488,437 4,393,223 Finished Goods 985,728 1,238,807 Totals $ 8,474,165 $ 5,632,030

Prepayments and Other Current A

Prepayments and Other Current Assets	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017 and 2016: December 31, December 31, 2017 2016 Prepaid land lease $ 459,123 $ 432,464 Prepayment for purchase of materials 183,649 4,325 Others 8,751 19,103 $ 651,523 $ 455,892

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, plant and equipment	(6) Property, plant and equipment As of December 31, 2017 and 2016, property, plant and equipment consisted of the following: December 31, December 31, 2017 2016 Property, Plant, and Equipment: Land use rights $ 12,479,814 $ 11,755,168 Building and improvements 98,866,703 92,927,111 Machinery and equipment 118,670,578 123,932,336 Vehicles 593,265 590,619 Construction in progress 36,077,498 25,084,416 Totals 266,687,858 254,289,650 Less: accumulated depreciation and amortization (77,299,149 ) (66,599,770 ) Property, Plant and Equipment, net $ 189,388,709 $ 187,689,880 As of December 31, 2017 and December 31, 2016, land use rights represented two parcel of state-owned lands located in Xushui County of Hebei Province in China, with lease terms of 50 years expiring from 2061 to 2066. 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$23 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$23 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 $2,296) to the leasing company and buy back all of the Leased Equipment. The sale-leaseback was 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 was included as part of the property, plant and equipment of the Company during the lease period. 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 has been amortized by the Company during the lease term and used to offset the depreciation of the Leased Equipment. See ”Financing with Sale-Leaseback” under Note (7), Loans Payable, for details of the transaction and asset collaterals. 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) and the present balance of the obligation, 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. On August 24, 2017, the Company made a final payment on outstanding obligations and bought back all of the Lease Equipment at nominal price according to the agreement. The lease assets were reclassified as own assets and capital lease cost were $nil and $24,328,940 as of December 31, 2017 and December 31, 2016, 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 2018. For the years ended December 31, 2017 and 2016, the amount of interest capitalized is $9,833 and $53,535, respectively. As of December 31, 2017 and 2016, certain property, plant and equipment of Orient Paper HB with net values of $7,963,285 and $9,813,294, respectively, have been pledged pursuant to a long-term loan from credit union of Orient Paper HB. In addition, land use right of Orient Paper HB with net values of $6,437,419 and $nil as of December 31, 2017 and 2016 were pledged for the bank loan from Bank of Industrial & Commercial Bank of China. See ”Short-term bank loans ” under Note (7), Loans Payable, for details of the transaction and asset collaterals. As of December 31, 2017 and 2016, land use right with net values of $nil and $6,200,401 was pledged for the saleleaseback financing. In addition, production equipment of Orient Paper Shengde with net value of $nil and $23,654,125 as of December 31, 2017 and 2016 has been pledged for the guarantee of Orient Paper HB’s performance under the capital lease. See “ Financing with Sale-Leaseback ” under Note (8), Loans Payable, for details of the transaction and asset collaterals. Depreciation and amortization of property, plant and equipment was $14,633,780 and $15,287,509 for the years ended December 31, 2017 and 2016, respectively.

Loans Payable

Loans Payable	12 Months Ended
	Dec. 31, 2017
Loans Payable [Abstract]
Loans Payable	(7) Loans Payable Short-term bank loans December 31, December 31, 2017 2016 Bank of Hebei (a) $ - $ 2,162,318 Industrial and Commercial Bank of China (“ICBC”) Loan 1 (b) - 2,883,091 ICBC Loan 2 (c) 4,285,145 - ICBC Loan 3 (d) 2,907,778 - Total short-term bank loans $ 7,192,923 $ 5,045,409 (a) On July 8, 2016, the Company entered into a working capital loan agreement with the Bank of Hebei, with a balance of $2,162,318 as of December 31, 2016. The loan bears a fixed interest rate of 5.22% per annum. The working capital loan is guaranteed by the Company’s CEO and Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. The loan was due and repaid on July 6, 2017. (b) On September 13, 2016, the Company entered into a working capital loan agreement with ICBC, with a balance of $2,883,091 as of December 31, 2016. The loan bears a fixed interest rate of 4.5675% per annum. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan was due and repaid on September 7, 2017. (c) On January 10, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,285,145 as of December 31, 2017. The working capital loan is guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.5675% per annum. The loan was due and repaid on January 8, 2018. (d) On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,907,778 as of December 31, 2017. The working capital loan is secured by the Company’s land use right as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.945% per annum. The loan will be due on October 12, 2018. As of December 31, 2017, there were guaranteed short-term borrowings of $7,192,923 and unsecured bank loans of $nil. As of December 31, 2016, there were guaranteed short-term borrowings of $5,045,409 and unsecured bank loans of $nil. The average short-term borrowing rates for the years ended December 31, 2017 and 2016 were approximately 5.27% and 8.05%, respectively. Long-term loans from credit union As of December 31, 2017 and 2016, loans payable to Rural Credit Union of Xushui County, amounted to $7,560,221 and $4,843,592, respectively. December 31, December 31, 2017 2016 Rural Credit Union of Xushui County Loan 1 $ 1,316,152 $ 1,239,729 Rural Credit Union of Xushui County Loan 2 3,826,022 3,603,863 Rural Credit Union of Xushui County Loan 3 2,418,047 - Total 7,560,221 4,843,592 Less: Current portion of long-term loans from credit union (6,366,502 ) - Long-term loans from credit union $ 1,193,719 $ 4,843,592 As of December 31, 2017, the Company’s long-term debt repayments for the next five years were as follows: Amount Fiscal year 2018 $ 6,366,502 2019 1,193,719 2020 - 2021 - 2022 - Total 7,560,221 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 Rural Credit Union of Xushui County in accordance with the terms on the agreement, the Company prepaid a portion of the loan in an amount of $191,301, of which $68,868 was paid ahead of its original repayment schedule. As of December 31, 2017 and 2016, total outstanding loan balance was $1,316,152 and $1,239,729, respectively. Out of the total outstanding loan balance, current portion amounted were $1,316,152 and $nil as of December 31, 2017 and December 31, 2016, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $nil and $1,239,729 are presented as non-current liabilities in the consolidated balance sheet as of December 31, 2017 and December 31, 2016 respectively. 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 with net book value of $8,186,436 and $9,813,294 as of December 31, 2017 and December 31, 2016, 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 Rural Credit Union of Xushui County in accordance with the terms on the agreement, the Company prepaid a portion of the loan in an amount of $198,953, of which $61,216 was paid ahead of its original repayment schedule. As of December 31, 2017 and 2016, the total outstanding loan balance was $3,826,022 and $3,603,863, respectively. Out of the total outstanding loan balance, current portion amounted were $3,826,022 and $nil as of December 31, 2017 and December 31, 2016, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $nil and $3,603,863 are presented as non-current liabilities in the consolidated balance sheet as of December 31, 2017 and December 31, 2016 respectively. On April 20, 2017, the Company entered into a loan agreement with the Rural Credit Union of Xushui County for a term of 2 years, which is due and payable in various installments from August 26, 2017 to April 19, 2019. The loan is guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. Interest payment is due quarterly and bears a fixed rate of 0.6% per month. As of December 31, 2017 the total outstanding loan balance was $2,418,047, out of which $1,224,328 and $1,193,719 are presented as current and non-current liabilities in the consolidated balance sheet respectively. Total interest expenses for the short-term bank loans and long-term loans for the years ended December 31, 2017 and 2016 were $1,196,814 and $1,411,731, respectively. Financing with Sale-Leaseback The Company entered into a sale-leaseback arrangement (the “Lease Financing Agreement”) with CNFTFL on June 16, 2013, for a total financing proceeds in the amount of RMB 150 million (approximately US$23 million). Under the sale-leaseback arrangement, Orient Paper HB sold the Leased Equipment to CNFTFL for RMB 150 million (approximately US$23 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 $2,296) to CNFTFL and buy back all of the Leased Equipment. The sale-leaseback was 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 were 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. On July 1, 2015, Orient Paper HB, China Orient, and other guarantors of Lease Financing Agreement, entered into an agreement (the “2015 Agreement”), to amend and restate the Lease Financing Agreement entered into in 2013 (the “2013 Agreement”). 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. Orient Paper HB made all payments due according to the modified schedule prior to June 20, 2016. Orient Paper HB made partial payments in the following payment obligations as well as interests on overdue balance in accordance with the 2015 Agreement until August 24, 2017, when the remaining overdue amount was fully paid off. All the Lease Equipment was bought back at the nominal price according to the agreement. The balance of the long-term obligations under capital lease were $nil as of December 31, 2017 and 2016, and its current portion in the amount of $nil and $8,786,528, respectively. Total interest expenses for the sale-leaseback arrangement for the years ended December 31, 2017 and 2016 were $795,163 and $749,867, 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 was 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 was amortized over the remaining lease term up to June 21, 2017.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	(8) Related Party Transactions The Company’s CEO has 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 interest of $391,374 for the period from 2013 to 2015. Approximately $392,296 and $369,517 of interest were outstanding to Mr. Zhenyong Liu, which were recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet as of December 31, 2017 and 2016, respectively. On December 10, 2014, Mr. Zhenyong Liu provided a loan to the Company, amounted to $9,182,455 and $8,649,272 as of December 31, 2017 and 2016, to Orient Paper HB for working capital purpose with an interest rate of 4.35% per annum, which was based on the primary lending rate of People’s Bank of China. The unsecured loan was provided on December 10, 2014, and would be originally due on December 10, 2017. During the year of 2016, the Company repaid $6,012,416 to Mr. Zhenyong Liu, together with interest of $288,596. Mr. Zhenyong Liu agreed to extend the loan for additional 3 years and the remaining balance will be due on December 2, 2020. As of December 31, 2017 and 2016, the outstanding loan balance was $3,060,818 and $2,883,090, respectively and the accrued interest was $45,912 and $43,246, respectively, which was recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet. 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 $18,364,911 (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 is unsecured and carries 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 amount of $4,324,636 was drawn from the facility. On October 14, 2016 an unsecured amount of $2,883,091 was drawn from the facility. The loan would be originally due on July 12, 2018. Mr. Zhenyong Liu agreed to extend the loan for additional 3 years and the remaining balance will be due on July 12, 2021. As of December 31, 2017 and 2016, the outstanding loan balance were $7,652,047 and $7,207,727, respectively and the accrued interest was $110,476 and $104,062, respectively, which was recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet. As of December 31, 2017 and 2016, total amount of loans due to Mr. Zhenyong Liu were $10,712,865 and $10,090,817, respectively. The interest expense incurred for such related party loans are $451,626 and $513,084 for the years ended December 31, 2017 and 2016, respectively. The accrued interest owe to the CEO was approximately $548,684 and $516,825, as of December 31, 2017 and December 31, 2016, respectively, which was recorded in other payables and accrued liabilities. During the years ended December 31, 2017 and 2016, the Company borrowed $nil and $14,000, respectively, from a shareholder 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 December 31, 2017. Sale of Headquarters Compound Real Properties to 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. Sales of the LUR and the Industrial Buildings were completed in year 2013. 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 $148,317 (RMB1,000,000). The lease agreement expired in August 2016. On August 9, 2016, the Company paid off the rental for the first lease agreement and entered into a supplementary agreement with Hebei Fangsheng, who agreed to extend the lease term for another two years, with the same rental payment as original lease agreement.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2017
Notes Payable [Abstract]
Notes payable	(9) Notes payable As of December 31, 2017, the Company had bank acceptance notes of $6,121,637 from the Bank of Cangzhou 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 $6,121,637 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 charge. The acceptance notes were due and paid off in January 2018. As of December 31, 2016, the Company had bank acceptance notes of $2,162,318 from the Bank of Hebei to one of its major suppliers for settling purchases 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 $2,162,318 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 note was repaid in February 2017.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	12 Months Ended
	Dec. 31, 2017
Other Payables and Accrued Liabilities [Abstract]
Other payables and accrued liabilities	(10) Other payables and accrued liabilities Other payables and accrued liabilities consist of the following: December 31, December 31, 2017 2016 Accrued electricity $ 2,862 $ 335,169 Value-added tax payable 196,395 1,080,055 Accrued interest to a related party 548,684 516,825 Payable for purchase of equipment 49,585 223,143 Accrued commission to salesmen 16,992 160,014 Others 21,819 109,572 Totals $ 836,337 $ 2,424,778

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2017
Common Stock [Abstract]
Common Stock	(11) Common Stock Issuance of common stock to investors 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 “Offering”). Each share of common stock and accompanying warrant was sold at a price of $1.60. Please refer to Note (12), Stock Warrants, for details. 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 (15), Stock Incentive Plans for more details. Total fair value of the stock was calculated at $1,417,395 as of the date of grant.

Stock Warrants

Stock Warrants	12 Months Ended
	Dec. 31, 2017
Stock Warrants [Abstract]
Stock warrants	(12) 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: December 31, 2017 December 31, 2016 Number Weight average exercise price Number Weight average exercise price Outstanding and exercisable at beginning of the year 820,312 $ 1.71 820,312 $ 1.71 Issued during the year - - - - Exercised during the year - - - - Cancelled or expired during the year - - - - Outstanding and exercisable at end of the year 820,312 $ 1.71 820,312 $ 1.71 Range of exercise price $ 1.70 to $2.00 $ 1.70 to $2.00 No warrants were issued, exercised, cancelled or expired during the years ended December 31, 2017 and 2016. As of December 31, 2017 and 2016, the aggregated intrinsic value of warrants outstanding and exercisable was $nil.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	(13) Earnings Per Share For the years ended December 31, 2017 and 2016, basic and diluted net income per share are calculated as follows: Year Ended 2017 2016 Basic income per share Net income for the period - numerator $ 1,659,788 $ 7,312,976 Weighted average common stock outstanding - denominator 21,450,316 21,416,143 Net income per share $ 0.08 $ 0.34 Diluted income per share Net income for the period- numerator $ 1,659,788 $ 7,312,976 Weighted average common stock outstanding - denominator 21,450,316 21,416,143 Effect of dilution - - Weighted average common stock outstanding - denominator 21,450,316 21,416,143 Diluted income per share $ 0.08 $ 0.34 For the years ended December 31, 2017 and 2016, 820,312 shares related to warrants 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 years ended December 31, 2017 and 2016 were lower than the warrants exercise price.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
Income Taxes	(14) 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. On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the "2017 TCJAAct"), which significantly changed U.S. tax law. The Act 2017 TCJA lowered the Company's U.S. statutory federal income tax rate from the highest rate of 35% to 21% effective January 1, 2018, while also imposing a deemed repatriation tax on deferred foreign income which requires companies to pay a one-time transition tax on previously unremitted earnings of non-U.S. subsidiaries that were previously tax deferred and creates new taxes on certain foreign sourced earnings. The SEC staff issued Staff Accounting Bulletin (SAB) 118, which provides guidance on accounting for enactment effects of the 2017 TCJA. SAB 118 provides a measurement period of up to one year from the 2017 TCJA’s enactment date for companies to complete their accounting under ASC 740. In accordance with SAB 118, to the extent that a company’s accounting for certain income tax effects of the 2017 TCJA is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot determine a provisional estimate to be included in its financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the 2017 TCJA. In connection with the Company’s initial analysis of the impact of the enactment of the 2017 TCJA, the Company recorded a net tax expense of approximately $80,000 in the fourth quarter of 2017. For various reasons that are discussed more fully below, including the issuance of additional technical and interpretive guidance, the Company has not completed its accounting for the income tax effects of certain elements of the 2017 TCJA. However, with respect to the following, the Company was able to make reasonable estimates of the 2017 TCJA’s effects and, as such, recorded provisional amounts: Transition tax: The transition tax is a tax on previously untaxed accumulated and current earnings and profits (E&P) of certain of the Company’s non-U.S. subsidiaries. To determine the amount of the transition tax, the Company must determine, in addition to other factors, the amount of post-1986 E&P of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. The Company was able to make a reasonable estimate of the transition tax and recorded a provisional obligation and additional income tax expense of approximately $80,000 in the fourth quarter of 2017. However, the Company is continuing to gather additional information and will consider additional technical guidance to more precisely compute and account for the amount of the transition tax. This amount may change when the Company finalizes the calculation of post-1986 foreign E&P previously deferred from U.S. federal taxation and finalizes the amounts held in cash or other specified assets. The 2017 TCJA’s transition tax is payable over eight years beginning in 2018. Hence, the Company only provided $6,528 for the year ended 31 December 2017. 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 the years ended December 31, 2017 and 2016 were as follows: Year Ended December 31, 2017 2016 Provision for Income Taxes Current Tax Provision U.S. $ 6,528 $ - Current Tax Provision PRC 3,519,311 5,074,066 Deferred Tax Provision PRC (2,863,011 ) (1,959,494 ) Total Provision for Income Taxes $ 662,828 $ 3,114,572 In addition to the reversible future PRC income tax benefits stemming from the timing differences of items such as recognition of asset disposal gain or loss and asset depreciation, Orient Paper, Inc. was incorporated in the United States and has incurred aggregate net operating losses of approximately $nil and $6,710,939 for U.S. income tax purposes for the years ended December 31, 2017 and 2016, respectively. The net operating loss carried forward may be available to reduce future years’ taxable income. These carry forwards would expire, if not utilized, during the period of 2030 through 2035. As of December 31, 2016, management believes that the realization of all the U.S. income tax benefits from these losses, which generally would generate a deferred tax asset if it can be expected to be utilized in the future, appears not more than likely due to the Company’s limited operating history and continuing losses for United States income tax purposes. Accordingly, As of December 31, 2016, the Company has provided a 100% valuation allowance on the U.S. deferred tax asset benefit to reduce the total deferred tax asset to the amount realizable for the PRC income tax purposes. Management reviews this valuation allowance periodically and will make adjustments as warranted. A summary of the otherwise deductible (or taxable) deferred tax items is as follows: December 31, 2017 2016 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 5,123,762 $ 2,766,595 Impairment of property, plant and equipment 440,080 372,514 Miscellaneous 712,517 (21,472 ) Net operating loss carryover of PRC company 296,200 147,204 Net operating loss carryover for U.S. income tax purposes - 2,949,287 Total deferred tax assets 6,572,559 6,214,128 Less: Valuation allowance - (2,949,287 ) Total deferred tax assets, net $ 6,572,559 $ 3,264,841 The following table reconciles the statutory rates to the Company's effective tax rate as of: Year ended December 31, 2017 2016 PRC Statutory rate 25.0 % 25.0 % Effect of the U.S. Transition Tax under the 2017 TCJA 8.6 - Effect of different tax jurisdiction (0.8 ) (1.7 ) Effect of expenses not deductible for PRC tax purposes (6.2 ) 0.1 Effect of income not taxable for PRC tax purposes - - (Over) Underprovision in previous year (1.1 ) 0.1 Change in valuation allowance 3.0 6.4 Effective income tax rate 28.5 % 29.9 % As of December 31, 2017, except for the one-time transition tax under the 2017 TCJA which imposes a U.S. tax liability on all unrepatriated foreign E&Ps, the Company does not believe that its future dividend policy and the available U.S. tax deductions and net operating losses will cause the Company to recognize any other substantial current U.S. federal or state corporate income tax liability in the near future. Nor does it believes that the amount of the repatriation of the VIE’s earnings and profits for purposes of paying dividends will change the Company’s position that its PRC subsidiary Orient Paper Shengde and the VIE, Orient Paper HB are considered or are expected to be indefinitely reinvested offshore to support our future capacity expansion. If these earnings are repatriated to the U.S. resulting in U.S. taxable income in the future, or if it is determined that such earnings are to be remitted in the foreseeable future, additional tax provisions would be required. During the years ended December 31, 2017 and 2016, the effective income tax rate was estimated by the Company to be 28.5% and 29.9%, respectively. The Company has adopted ASC Topic 740-10-05, Income Taxes. To date, the adoption of this interpretation has not impacted the Company’s financial position, results of operations, or cash flows. The Company performed self-assessment and the Company’s liability for income taxes includes the liability for unrecognized tax benefits, interest and penalties which relate to tax years still subject to review by taxing authorities. Audit periods remain open for review until the statute of limitations has passed, which in the PRC is usually 5 years. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. As of December 31, 2017 and 2016, management considered that the Company had no uncertain tax positions affecting its consolidated financial position and results of operations or cash flows, and will continue to evaluate for any uncertain position in future. There are no estimated interest costs and penalties provided in the Company’s consolidated financial statements for the years ended December 31, 2017 and 2016, respectively. The Company’s tax positions related to open tax years are subject to examination by the relevant tax authorities and the major one is the China Tax Authority.

Stock Incentive Plans

Stock Incentive Plans	12 Months Ended
	Dec. 31, 2017
Stock Incentive Plans [Abstract]
Stock Incentive Plans	(15) 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, 2016, the Compensation Committee granted un-restricted common shares of 1,133,916, of which 168,416 shares were granted under the 2012 ISP and 965,500 shares under the 2015 ISP, to certain officers, directors, employees and a consultant of the Company as compensation for their services in the past years. Total fair value of the stock was calculated at $1,417,395 as of the date of issuance at $1.25 per share.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(16) 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 $17,798 (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 $533,942 (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 (8) 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 $148,317 (RMB 1,000,000), for a total term of up to five years. Future minimum lease payments are as follows: December 31, Amount 2018 658,586 2019 569,312 2020 569,312 2021 569,312 2022 569,312 Thereafter 2,414,986 Total operating lease payments $ 5,350,820 Capital commitment As of December 31, 2017, 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 $11,227,896 and $13,921,168 as of December 31, 2017 and 2016, respectively. The Company expected to pay off all the balances within 1 year. Guarantees and Indemnities The Company agreed with Baoding Huanrun Trading Co. (formerly known as Dongfang Trading Co.), a major supplier of raw materials, to guarantee certain obligations of this third party, and as of December 31, 2017 and December 31, 2016, the Company guaranteed its long-term loan from financial institutions amounting to $8,570,292 (RMB56,000,000) and $8,072,654 (RMB56,000,000) that matured at various times in 2018. If Huanrun Trading Co., were to become insolvent, the Company could be materially adversely affected.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting	(17) 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: Year Ended December 31, 2017 Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, HB Shengde to Segments Inter-segment consolidated Revenues $ 117,023,578 $ - $ - $ - $ 117,023,578 Gross profit 19,955,951 - - - 19,955,951 Depreciation and amortization 13,719,661 914,119 - - 14,633,780 Loss from impairment and disposal of property, plant and equipment 1,896,320 2,071,969 - - 3,968,289 Interest income 29,565 5,025 - - 34,590 Interest expense 2,320,147 113,623 - - 2,433,770 Income tax expense(benefit) 1,544,069 (887,769 ) 6,528 - 662,828 Net income (loss) 4,746,326 (2,293,731 ) (792,807 ) - 1,659,788 Total Assets 192,620,887 26,363,435 5,159 - 218,989,481 Year Ended December 31, 2016 Orient Paper Orient Paper Not Attributable Elimination Enterprise-wide, HB Shengde to Segments of Inter-segment consolidated Revenues $ 134,087,266 $ 657,334 $ - $ - $ 134,744,600 Gross profit (loss) 25,918,026 (386,143 ) - - 25,531,883 Depreciation and amortization 14,360,363 927,146 - - 15,287,509 Loss from disposal of property, plant and equipment 178,306 - - - 178,306 Interest income 95,915 1,061 - - 96,976 Interest expense 2,621,147 - - - 2,621,147 Income tax expense(benefit) 3,339,041 (224,469 ) - - 3,114,572 Net income (loss) 9,999,297 (722,883 ) (1,963,438 ) - 7,312,976 Total assets 179,689,131 28,687,027 1,460 - 208,377,618

Concentration and Major Custome

Concentration and Major Customers and Suppliers	12 Months Ended
	Dec. 31, 2017
Concentration and Major Customers and Suppliers/Concentration of Credit Risk/Risks and Uncertainties [Abstract]
Concentration and Major Customers and Suppliers	(18) Concentration and Major Customers and Suppliers For the years ended December 31, 2017 and 2016, the Company had no single customer contributed over 10% of total sales. For the year ended December 31, 2017, the Company had two major suppliers that accounted for 69% and 8% of total purchases by the Company. For the year ended December 31, 2016, the Company had two major suppliers that accounted for 62% and 8% of its total purchases.

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2017
Concentration and Major Customers and Suppliers/Concentration of Credit Risk/Risks and Uncertainties [Abstract]
Concentration of Credit Risk	(19) 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 December 31, 2017 and December 31, 2016. 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$76,520) 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 December 31, 2017 and 2016, respectively, while for the cash placed in financial institutions in the PRC, the balances exceeding the maximum coverage of RMB500,000 amounted to RMB56,768,856 (US$8,687,958) as of December 31, 2017.

Risks and Uncertainties

Risks and Uncertainties	12 Months Ended
	Dec. 31, 2017
Concentration and Major Customers and Suppliers/Concentration of Credit Risk/Risks and Uncertainties [Abstract]
Risks and Uncertainties	(20) 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	12 Months Ended
	Dec. 31, 2017
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	(21) Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Gross versus Net), which is effective upon adoption of ASU 2014-09. This ASU clarifies the implementation guidance in ASU 2014-09 on principal versus agent considerations. These ASUs are effective for annual reporting periods beginning after December 15, 2017 and interim periods within those annual periods. The Company will adopt ASU 2014-09, and its related clarifying ASUs, as of January 1, 2018. The Company anticipates adopting the standard using the modified retrospective transition approach. Under this approach, the new standard would apply to all new contracts initiated on or after January 1, 2018. For existing contracts that have remaining obligations as of January 1, 2018, any difference between the recognition criteria in these ASUs and the Company’s current revenue recognition practices would be recognized using a cumulative effect adjustment to the opening balance of retained earnings. We do not expect the adoption of these ASUs to have a material impact on our consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The amendments in this update require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition the amendments in this update eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that are required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public entities. For public business entities, the amendments in ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Except for the early application guidance discussed in ASU 2016-01, early adoption of the amendments in this update is not permitted. We do not expect the adoption of ASU 2016-01 to have a material impact on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The amendments in this update create Topic 842, Leases, and supersede the leases requirements in Topic 840, Leases. Topic 842 specifies the accounting for leases. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. The main difference between Topic 842 and Topic 840 is the recognition of lease assets and lease liabilities for those leases classified as operating leases under Topic 840. Topic 842 retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous leases guidance. The result of retaining a distinction between finance leases and operating leases is that under the lessee accounting model in Topic 842, the effect of leases in the statement of comprehensive income and the statement of cash flows is largely unchanged from previous GAAP. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for public business entities. Early application of the amendments in ASU 2016-02 is permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2016-02 on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). Financial Instruments-Credit Losses (Topic 326) amends guidelines on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses should be measured in a manner similar to current GAAP, however Topic 326 will require that credit losses be presented as an allowance rather than as a write-down. ASU 2016-13 affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The amendments in this ASU will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. We are currently evaluating the impact of the adoption of ASU 2016-13 on our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”), which addresses the following eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies; distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We do not expect the adoption of ASU 2016-15 to have a material impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”), which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU do not provide a definition of restricted cash or restricted cash equivalents. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We do not expect the adoption of ASU 2016-18 to have a material impact on our consolidated financial statements. The Company had $6,121,637 and $2,162,318 of restricted cash as of December 31, 2017 and December 31, 2016, respectively. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business” (“ASU 2017-01”), which clarify the definition of a business. The amendments affect all companies and other reporting organizations that must determine whether they have acquired or sold a business. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted so long as the transaction has not been reported in financial statements that have been issued or made available for issuance. We do not expect the adoption of ASU 2017-01 to have a material impact on our consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”), which provide guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We do not expect the adoption of ASU 2017-09 to have a material impact on our consolidated financial statements.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2017
Subsequent Event [Abstract]
Subsequent Event	(22) Subsequent Event On January 2, 2018, the Company entered into a working capital loan agreement with Bank of Cangzhou, for a credit line of up to $5,356,432 (RMB35,000,000). The loan bears a fixed interest rate of 6.09% per annum. The working capital loan is secured by the Company’s land use right and guaranteed by the Company’s CEO and Orient Paper Shengde with its production equipment as collateral for the benefit of the bank. $5,356,432 of loan was withdrawn on January 4, 2018.

Summarized Quarterly Financial

Summarized Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
Summarized Quarterly Financial Data (Unaudited) [Abstract]
Summarized Quarterly Financial Data (Unaudited)	(23) Summarized Quarterly Financial Data (Unaudited) Quarterly financial information for 2017 and 2016 is as follows: Quarter 2017 First Second Third Fourth Revenues $ 25,289,659 $ 22,787,683 $ 33,507,053 $ 35,439,183 Gross profit 5,653,920 3,464,666 7,221,288 3,616,077 Income from operations 2,871,578 764,016 2,719,550 (1,674,877 ) Net income(loss) 1,707,869 15,917 1,572,335 (1,636,333 ) Net income per share: Basic $ 0.08 $ 0.001 $ 0.07 $ -0.076 Diluted $ 0.08 $ 0.001 $ 0.07 $ -0.076 Quarter 2016 First Second Third Fourth Revenues $ 27,914,333 $ 37,991,892 $ 37,462,066 $ 31,376,309 Gross profit 3,765,884 6,889,754 7,330,843 7,545,402 Income (loss) from operations (580,367 ) 4,168,522 4,731,145 4,632,419 Net income (loss) (1,373,896 ) 2,581,606 3,034,542 3,070,724 Net income per share: Basic $ -0.06 $ 0.12 $ 0.14 $ 0.14 Diluted $ -0.06 $ 0.12 $ 0.14 $ 0.14

Condensed Financial Information

Condensed Financial Information of the Parent Company	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of the Parent Company [Abstract]
Condensed Financial Information of the Parent Company	(24) Condensed Financial Information of the Parent Company The condensed financial statements of Orient Paper Inc. (“ONP”, the “parent company”) have been prepared in accordance with accounting principles generally accepted in the United States of America. Under the PRC laws and regulations, the Company’s PRC subsidiaries are restricted in their ability to transfer certain of their net assets to the parent company in the form of dividend payments, loans or advances. The amounts restricted include paid-in capital, capital surplus and statutory reserves, as determined pursuant to PRC generally accepted accounting principles, totaling $45,589,643 and $46,441,462 as of December 31, 2017 and 2016, respectively. The following represents condensed unconsolidated financial information of the parent company only: CONDENSED BALANCE SHEETS December 31, December 31, 2017 2016 ASSETS Current Assets Cash and cash equivalents $ 5,158 $ 1,457 Total current assets 5,158 1,457 Investment in subsidiaries 188,894,696 175,915,611 Total Assets $ 188,899,854 $ 175,917,068 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Inter-company payable $ 3,567,962 $ 3,161,682 Income tax payable 6,528 - Total current liabilities 3,574,490 3,161,682 Total liabilities $ 3,574,490 $ 3,161,682 Total stockholders' equity 185,325,364 172,755,386 Total Liabilities and Stockholders' Equity $ 188,899,854 $ 175,917,068 CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) Year Ended December 31, 2017 2016 Operating expenses Selling, general and administrative expenses $ (402,579 ) $ (1,963,438 ) Loss from Operations (402,579 ) (1,963,438 ) Equity in earnings of unconsolidated subsidiaries 2,068,895 9,276,414 Income before Income Taxes 1,666,316 7,312,976 Provision for Income Taxes (6,528 ) - Net Income $ 1,659,788 $ 7,312,976 Other comprehensive income (loss) 10,910,190 (11,784,410 ) Total Comprehensive Income (loss) $ 12,569,978 $ (4,471,434 ) CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, 2017 2016 Net Cash Used in Operating Activities $ (402,579 ) $ (24,722 ) Net Cash Provided by Financing Activities 406,280 17,339 Net (Increase) Decrease in Cash and Cash Equivalents 3,701 (7,383 ) Cash and Cash Equivalents - Beginning of Year 1,457 8,840 Cash and Cash Equivalents - End of Year $ 5,158 $ 1,457 BASIS OF PRESENTATION The condensed financial information has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company has used equity method to account for its investments in the subsidiaries.

Basis of Presentation and Sig31

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation The consolidated financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and include the assets, liabilities, revenues, expenses and cash flows of all subsidiaries and variable interest entity. All significant inter-company balances, transactions and cash flows are eliminated on consolidation.
Liquidity and Going Concern	Liquidity and Going Concern As of December 31, 2016, the Company had current assets of $14,477,322 and current liabilities of $20,585,591 (including amounts due to related parties of $573,697), resulting in a working capital deficit of approximately $6,108,269. In addition, included in the current liabilities, there was an overdue amount of RMB 20,000,000 (US$3,006,208) in respect of the sale-leaseback arrangement (the “Lease Financing Agreement”) with China National Foreign Trade Financial & Leasing Co., Ltd (“CNFTFL”). See “Financing with Sale-Leaseback” under Note (7), Loans Payable, for details. Therefore, there was 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 as of December 31, 2016. On August 24. 2017, the Company has paid off the total outstanding amount, including overdue amount, in respect of the Lease Financing Agreement with CNFTFL. As of December 31, 2017, the working capital deficit decreased by $4,337,533 to $1,770,736 compared to December 31, 2016. The management evaluated that there is no conditions or events, considered in aggregate, that may raise substantial doubt about the Company’s ability to continue as a going concern as of December 31, 2017.
Foreign Currency Translation	Foreign Currency Translation The Company accounts for foreign currency translation pursuant to ASC Topic 830, Foreign Currency Matters Under ASC Topic 830-30, all assets and liabilities are translated into United States dollars using the current exchange rate at the end of each fiscal period. The current exchange rates used by the Company as of December 31, 2017 and 2016 to translate the Chinese RMB to the U.S. Dollars are 6.5342:1, and 6.9370:1, respectively. Revenues and expenses are translated using the average exchange rates prevailing throughout the respective years at 6.7423:1 and 6.6529:1 for the years ended December 31, 2017 and 2016, respectively. Translation adjustments are included in other comprehensive income (loss).
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of December 31, 2017 and 2016, and revenues and expenses for the years ended December 31, 2017 and 2016. The most significant estimates relate to allowance for uncollectible accounts receivable, inventory valuation, useful lives and impairment for property, plant and equipment, valuation allowance for deferred tax assets and contingencies. Actual results could differ from those estimates made by management.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, Orient Paper considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded on shipment of products to customers. The trade receivables are all without customer collateral and interest is not accrued on past due accounts. Periodically, management reviews the adequacy of its provision for doubtful accounts based on historical bad debt expense results and current economic conditions using factors based on the aging of its accounts receivable. Additionally, the Company may identify additional allowance requirements based on indications that a specific customer may be experiencing financial difficulties. Actual bad debt results could differ materially from these estimates. As of December 31, 2017 and 2016, the balance of allowance for doubtful accounts was $37,626 and $79,478, respectively; and the movement of the provision of the doubtful accounts is as below. While management uses the best information available upon which to base estimates, future adjustments to the allowance may be necessary if economic conditions differ substantially from the assumptions used for the purposes of analysis. December 31, December 31, Allowance of doubtful accounts 2017 2016 Opening balance $ 79,478 $ 38,865 Provision (Reversal) for the year (45,309 ) 44,938 Exchange difference 3,457 (4,325 ) Closing balance $ 37,626 $ 79,478
Inventories	Inventories Inventories consist principally of raw materials and finished goods, and are stated at the lower of cost (average cost method) or market. Cost includes labor, raw materials, and allocated overhead. No provision in inventories has been provided for the years ended December 31, 2017 and 2016.
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment are stated at cost less accumulated depreciation and any impairment losses. Major renewals, betterments, and improvements are capitalized to the asset accounts while replacements, maintenance, and repairs, which do not improve or extend the lives of the respective assets, are expensed to operations. At the time property, plant, and equipment are retired or otherwise disposed of, the asset and related accumulated depreciation or amortization accounts are relieved of the applicable amounts. Gains or losses from retirements or sales are credited or charged to operations. Construction-in-progress is stated at cost and capitalized as expenses are incurred or as payments are made pursuant to relevant construction contracts. Contract retention is recorded as accrued liability. Construction in progress is not depreciated until project completion and the constructed property being placed in service, at which time the capitalized balance will be transferred to appropriate account of property, plant and equipment. The Company depreciates property, plant, and equipment using the straight-line method as follows: Land use right Over the lease term Building and improvements 30 years Machinery and equipment 5-15 years Vehicles 15 years
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.
Statutory Reserves	Statutory Reserves According to the laws and regulations in the PRC, the Company is required to provide for certain statutory funds, namely, a reserve fund by an appropriation from net profit after taxation but before dividend distribution based on the local statutory financial statements of the PRC subsidiary and variable interest entity prepared in accordance with the PRC accounting principles and relevant financial regulations. Each of the Company’s wholly owned subsidiary and variable interest entity in the PRC are required to allocate at least 10% of its net profit to the reserve fund until the balance of such fund has reached 50% of its registered capital. Appropriations of additional reserve fund are determined at the discretion of its directors. The reserve fund can only be used, upon approval by the relevant authority, to offset accumulated losses or increase capital. For the years ended December 31, 2017 and 2016, Orient Paper made transfers of $nil to this reserve fund. As a result of net loss in fiscal year 2017 and 2016 of Orient Paper Shengde, no statutory reserves were provided for the year ended December 31, 2017 and 2016. The Company’s variable interest entity Orient Paper HB, the statutory reserve account of which has been fully funded for 50% of its registered capital in the amount of RMB 75,030,000 (or approximately $11,811,470) since December 31, 2010, did not make any transfer to statutory reserves during the years ended December 31, 2017 and 2016.
Employee Benefit Plan	Employee Benefit Plan Full time employees of the PRC entities participate in a government mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance and other welfare benefits are provided to employees. The total provision for such employee benefits was $nil for the years ended December 31, 2017 and 2016.
Revenue Recognition Policy	Revenue Recognition Policy The Company recognizes revenue when goods are delivered, when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist, and collectability is reasonably assured. Goods are considered delivered when customer’s truck picks up goods at our finished goods inventory warehouse.
Shipping Cost	Shipping Cost Substantially all customers use their own trucks or hire commercial trucking companies to pick up goods from the Company. The Company usually incurs no shipping cost for delivery of goods to customers. For those rare situations where products are not shipped utilizing customer specified shipping services, the Company charges customers a shipping fee which is included in net revenues and was not material. Freight-in and handling costs incurred by the Company with respect to purchased goods are recorded as a component of inventory cost and charged to cost of sales when the inventory items are sold.
Advertising	Advertising The Company expenses all advertising and promotion costs as incurred. The Company incurred $nil of advertising and promotion costs for the years ended December 31, 2017 and 2016.
Research and development costs	Research and development costs Research and development costs are expensed as incurred and included in selling, general and administrative expenses. Research and development expenses incurred $31,922 and $21,598 for the years ended December 31, 2017 and 2016, respectively.
Borrowing costs	Borrowing costs Borrowing costs attributable directly to the acquisition, construction or production of qualifying assets which require a substantial period of time to be ready for their intended use or sale, are capitalized as part of the cost of those assets. Income earned on temporary investments of specific borrowings pending their expenditure on those assets is deducted from borrowing costs capitalized. All other borrowing costs are recognized in interest expenses in the period in which they are incurred.
Government subsidies	Government subsidies A government subsidy is not recognized until there is reasonable assurance that: (a) the enterprise will comply with the conditions attached to the grant; and (b) the grant will be received. When the Company received the government subsidies but the conditions attached to the grants have not been fulfilled, such government subsidies are deferred and recorded under other payables and accrued expenses, and other long-term liability. The classification of short-term or long-term liabilities is depended on the management's expectation of when the conditions attached to the grant can be fulfilled. For the years ended December 31, 2017 and 2016, the Company received government subsidies of $41,529 and $nil, which are recognized as subsidy income in the consolidated statements of income in that fiscal year.
Lease Obligations	Lease Obligations All non-cancellable leases with an initial term greater than one year are categorized as either capital or operating leases. For the lessee, a lease is a capital lease if any of the following conditions exist: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property’s estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. All other leases are accounted for as operating leases. Assets recorded under capital leases are amortized according to the same depreciation methods employed for property, plant and equipment or over the term of the related lease, if shorter. The Company defers any profit or loss from a sale-leaseback transaction unless any of the following conditions exist: a) the seller-lessee relinquishes the right to substantially all of the remaining use of the property sold retaining only a minor portion of such use; b) the seller-lessee retains more than a minor part but less than substantially all of the use of the property through the leaseback and realizes a profit on the sale in excess of the recorded amount of the leased assets; or c) the fair value of the property at the time of the transaction is less than its undepreciated cost, in which circumstance a loss shall be recognized immediately.
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to ASC Topic 740, Income Taxes. Income taxes are provided on an asset and liability approach for financial accounting and reporting of income taxes. Any tax paid by subsidiaries during the year is recorded. Current tax is based on the profit or loss from ordinary activities adjusted for items that are non-assessable or disallowable for income tax purpose and is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. ASC Topic 740 also requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carry-forwards. ASC Topic 740 additionally requires the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Realization of deferred tax assets, including those related to the U.S. net operating loss carry-forwards, are dependent upon future earnings, if any, of which the timing and amount are uncertain. The Company adopted ASC Topic 740-10-05, Income Tax The Company’s policy on classification of all interest and penalties related to unrecognized income tax positions, if any, is to present them as a component of income tax expense.
Value Added Tax	Value Added Tax Both the PRC subsidiary and variable interest entity of the Company are subject to value added tax (“VAT”) imposed by the PRC government on its purchase and sales of goods. The output VAT is charged to customers who purchase goods from the Company and the input VAT is paid when the Company purchases goods from its vendors. VAT rate is 17% in general, depending on the types of products purchased and sold. The input VAT can be offset against the output VAT. Debit balance of VAT payable represents a credit against future collection of output VAT instead of a receivable due from government.
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company presents comprehensive income (loss) in accordance with ASC Topic 220, Comprehensive Income
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing the net income attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.
Share-Based Compensation	Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation, The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees
Fair Value Measurements	Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures 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 December 31, 2017 and 2016, the carrying value of the Company’s short term financial instruments, such as cash and bank balances, 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; 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 Company does not have any assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016.
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.

Organization and Business Bac32

Organization and Business Background (Tables)	12 Months Ended
	Dec. 31, 2017
Organization and Business Background [Abstract]
Schedule of 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(“VIE”): 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	December 31, December 31, 2017 2016 ( Unaudited) ASSETS Current Assets Cash and bank balances $ 2,681,942 $ 2,005,288 Restricted cash 6,121,637 2,162,318 Accounts receivable 1,843,682 3,894,435 Inventories 8,431,972 5,592,230 Prepayments and other current assets 646,598 451,349 Total current assets 19,725,831 14,105,620 Property, plant, and equipment, net 167,727,768 162,779,492 Deferred tax asset non-current 5,167,288 2,804,019 Total Assets $ 192,620,887 $ 179,689,131 LIABILITIES Current Liabilities Short-term bank loans $ 7,192,923 $ 5,045,409 Current portion of long-term loans from credit union 5,142,175 - Current obligations under capital lease 8,786,528 Accounts payable 422,705 559,952 Advance from customers 28,831 Notes payable 6,121,637 2,162,318 Due to a related party 60,378 56,872 Accrued payroll and employee benefits 227,163 206,642 Other payables and accrued liabilities 836,309 2,424,751 Income taxes payable 519,365 1,311,051 Total current liabilities 20,522,655 20,582,354 Loans from credit union - 4,843,592 Loans from a related party 10,712,865 10,090,817 Deferred gain on sale-leaseback - 102,232 Total liabilities $ 31,235,520 $ 35,618,995

Basis of Presentation and Sig33

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Basis of Presentation and Significant Accounting Policies [Abstract]
Schedule of allowance of doubtful accounts	December 31, December 31, Allowance of doubtful accounts 2017 2016 Opening balance $ 79,478 $ 38,865 Provision (Reversal) for the year (45,309 ) 44,938 Exchange difference 3,457 (4,325 ) Closing balance $ 37,626 $ 79,478
Schedule of depreciates property, plant, and equipment estimated useful lives	Land use right Over the lease term Building and improvements 30 years Machinery and equipment 5-15 years Vehicles 15 years

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2017
Inventories [Abstract]
Schedule of inventories	December 31, December 31, 2017 2016 Raw Materials Recycled paper board $ 6,337,374 $ 3,337,649 Recycled white scrap paper 862,734 - Recycled scrap binding margin - 547,803 Coal & gas 71,674 242,307 Base paper and other raw materials 216,655 265,464 7,488,437 4,393,223 Finished Goods 985,728 1,238,807 Totals $ 8,474,165 $ 5,632,030

Prepayments and Other Current35

Prepayments and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Prepayments and Other Current Assets [Abstract]
Summary of prepayments and other current assets	December 31, December 31, 2017 2016 Prepaid land lease $ 459,123 $ 432,464 Prepayment for purchase of materials 183,649 4,325 Others 8,751 19,103 $ 651,523 $ 455,892

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	December 31, December 31, 2017 2016 Property, Plant, and Equipment: Land use rights $ 12,479,814 $ 11,755,168 Building and improvements 98,866,703 92,927,111 Machinery and equipment 118,670,578 123,932,336 Vehicles 593,265 590,619 Construction in progress 36,077,498 25,084,416 Totals 266,687,858 254,289,650 Less: accumulated depreciation and amortization (77,299,149 ) (66,599,770 ) Property, Plant and Equipment, net $ 189,388,709 $ 187,689,880

Loans Payable (Tables)

Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Loans Payable [Abstract]
Schedule of short-term bank loans	December 31, December 31, 2017 2016 Bank of Hebei (a) $ - $ 2,162,318 Industrial and Commercial Bank of China (“ICBC”) Loan 1 (b) - 2,883,091 ICBC Loan 2 (c) 4,285,145 - ICBC Loan 3 (d) 2,907,778 - Total short-term bank loans $ 7,192,923 $ 5,045,409 (a) On July 8, 2016, the Company entered into a working capital loan agreement with the Bank of Hebei, with a balance of $2,162,318 as of December 31, 2016. The loan bears a fixed interest rate of 5.22% per annum. The working capital loan is guaranteed by the Company’s CEO and Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. The loan was due and repaid on July 6, 2017. (b) On September 13, 2016, the Company entered into a working capital loan agreement with ICBC, with a balance of $2,883,091 as of December 31, 2016. The loan bears a fixed interest rate of 4.5675% per annum. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan was due and repaid on September 7, 2017. (c) On January 10, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,285,145 as of December 31, 2017. The working capital loan is guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.5675% per annum. The loan was due and repaid on January 8, 2018. (d) On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,907,778 as of December 31, 2017. The working capital loan is secured by the Company’s land use right as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.945% per annum. The loan will be due on October 12, 2018.
Summary of loans payable	December 31, December 31, 2017 2016 Rural Credit Union of Xushui County Loan 1 $ 1,316,152 $ 1,239,729 Rural Credit Union of Xushui County Loan 2 3,826,022 3,603,863 Rural Credit Union of Xushui County Loan 3 2,418,047 - Total 7,560,221 4,843,592 Less: Current portion of long-term loans from credit union (6,366,502 ) - Long-term loans from credit union $ 1,193,719 $ 4,843,592
Schedule of long-term debt repayments	Amount Fiscal year 2018 $ 6,366,502 2019 1,193,719 2020 - 2021 - 2022 - Total 7,560,221

Other Payables and Accrued Li38

Other Payables and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Other Payables and Accrued Liabilities [Abstract]
Summary of other payables and accrued liabilities	December 31, December 31, 2017 2016 Accrued electricity $ 2,862 $ 335,169 Value-added tax payable 196,395 1,080,055 Accrued interest to a related party 548,684 516,825 Payable for purchase of equipment 49,585 223,143 Accrued commission to salesmen 16,992 160,014 Others 21,819 109,572 Totals $ 836,337 $ 2,424,778

Stock Warrants (Tables)

Stock Warrants (Tables)	12 Months Ended
	Dec. 31, 2017
Stock Warrants [Line Items]
Summary of stock warrant activities	December 31, 2017 December 31, 2016 Number Weight average exercise price Number Weight average exercise price Outstanding and exercisable at beginning of the year 820,312 $ 1.71 820,312 $ 1.71 Issued during the year - - - - Exercised during the year - - - - Cancelled or expired during the year - - - - Outstanding and exercisable at end of the year 820,312 $ 1.71 820,312 $ 1.71 Range of exercise price $ 1.70 to $2.00 $ 1.70 to $2.00
Date of Issuance August 27, 2014 to September 2, 2019 [Member]
Stock Warrants [Line Items]
Schedule fair value of warrants issued was estimated by using 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]
Schedule fair value of warrants issued was estimated by using 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)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Summary of basic and diluted net income per share	Year Ended 2017 2016 Basic income per share Net income for the period - numerator $ 1,659,788 $ 7,312,976 Weighted average common stock outstanding - denominator 21,450,316 21,416,143 Net income per share $ 0.08 $ 0.34 Diluted income per share Net income for the period- numerator $ 1,659,788 $ 7,312,976 Weighted average common stock outstanding - denominator 21,450,316 21,416,143 Effect of dilution - - Weighted average common stock outstanding - denominator 21,450,316 21,416,143 Diluted income per share $ 0.08 $ 0.34

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
Schedule of provisions for income taxes	Year Ended December 31, 2017 2016 Provision for Income Taxes Current Tax Provision U.S. $ 6,528 $ - Current Tax Provision PRC 3,519,311 5,074,066 Deferred Tax Provision PRC (2,863,011 ) (1,959,494 ) Total Provision for Income Taxes $ 662,828 $ 3,114,572
Schedule of deferred tax assets (liabilities)	December 31, 2017 2016 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 5,123,762 $ 2,766,595 Impairment of property, plant and equipment 440,080 372,514 Miscellaneous 712,517 (21,472 ) Net operating loss carryover of PRC company 296,200 147,204 Net operating loss carryover for U.S. income tax purposes - 2,949,287 Total deferred tax assets 6,572,559 6,214,128 Less: Valuation allowance - (2,949,287 ) Total deferred tax assets, net $ 6,572,559 $ 3,264,841
Schedule of reconciliation of statutory rates to Company's effective tax rate	Year ended December 31, 2017 2016 PRC Statutory rate 25.0 % 25.0 % Effect of the U.S. Transition Tax under the 2017 TCJA 8.6 - Effect of different tax jurisdiction (0.8 ) (1.7 ) Effect of expenses not deductible for PRC tax purposes (6.2 ) 0.1 Effect of income not taxable for PRC tax purposes - - (Over) Underprovision in previous year (1.1 ) 0.1 Change in valuation allowance 3.0 6.4 Effective income tax rate 28.5 % 29.9 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies [Abstract]
Schedule of future minimum lease payments	December 31, Amount 2018 658,586 2019 569,312 2020 569,312 2021 569,312 2022 569,312 Thereafter 2,414,986 Total operating lease payments $ 5,350,820

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Summarized financial information for reportable segments	Year Ended December 31, 2017 Orient Paper Orient Paper Not Attributable Elimination of Enterprise-wide, HB Shengde to Segments Inter-segment consolidated Revenues $ 117,023,578 $ - $ - $ - $ 117,023,578 Gross profit 19,955,951 - - - 19,955,951 Depreciation and amortization 13,719,661 914,119 - - 14,633,780 Loss from impairment and disposal of property, plant and equipment 1,896,320 2,071,969 - - 3,968,289 Interest income 29,565 5,025 - - 34,590 Interest expense 2,320,147 113,623 - - 2,433,770 Income tax expense(benefit) 1,544,069 (887,769 ) 6,528 - 662,828 Net income (loss) 4,746,326 (2,293,731 ) (792,807 ) - 1,659,788 Total Assets 192,620,887 26,363,435 5,159 - 218,989,481 Year Ended December 31, 2016 Orient Paper Orient Paper Not Attributable Elimination Enterprise-wide, HB Shengde to Segments of Inter-segment consolidated Revenues $ 134,087,266 $ 657,334 $ - $ - $ 134,744,600 Gross profit (loss) 25,918,026 (386,143 ) - - 25,531,883 Depreciation and amortization 14,360,363 927,146 - - 15,287,509 Loss from disposal of property, plant and equipment 178,306 - - - 178,306 Interest income 95,915 1,061 - - 96,976 Interest expense 2,621,147 - - - 2,621,147 Income tax expense(benefit) 3,339,041 (224,469 ) - - 3,114,572 Net income (loss) 9,999,297 (722,883 ) (1,963,438 ) - 7,312,976 Total assets 179,689,131 28,687,027 1,460 - 208,377,618

Summarized Quarterly Financia44

Summarized Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Summarized Quarterly Financial Data (Unaudited) [Abstract]
Schedule of quarterly financial information	Quarter 2017 First Second Third Fourth Revenues $ 25,289,659 $ 22,787,683 $ 33,507,053 $ 35,439,183 Gross profit 5,653,920 3,464,666 7,221,288 3,616,077 Income from operations 2,871,578 764,016 2,719,550 (1,674,877 ) Net income(loss) 1,707,869 15,917 1,572,335 (1,636,333 ) Net income per share: Basic $ 0.08 $ 0.001 $ 0.07 $ -0.076 Diluted $ 0.08 $ 0.001 $ 0.07 $ -0.076 Quarter 2016 First Second Third Fourth Revenues $ 27,914,333 $ 37,991,892 $ 37,462,066 $ 31,376,309 Gross profit 3,765,884 6,889,754 7,330,843 7,545,402 Income (loss) from operations (580,367 ) 4,168,522 4,731,145 4,632,419 Net income (loss) (1,373,896 ) 2,581,606 3,034,542 3,070,724 Net income per share: Basic $ -0.06 $ 0.12 $ 0.14 $ 0.14 Diluted $ -0.06 $ 0.12 $ 0.14 $ 0.14

Condensed Financial Informati45

Condensed Financial Information of the Parent Company (Tables)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of the Parent Company [Abstract]
Schedule of condensed balance sheets	December 31, December 31, 2017 2016 ASSETS Current Assets Cash and cash equivalents $ 5,158 $ 1,457 Total current assets 5,158 1,457 Investment in subsidiaries 188,894,696 175,915,611 Total Assets $ 188,899,854 $ 175,917,068 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Inter-company payable $ 3,567,962 $ 3,161,682 Income tax payable 6,528 - Total current liabilities 3,574,490 3,161,682 Total liabilities $ 3,574,490 $ 3,161,682 Total stockholders' equity 185,325,364 172,755,386 Total Liabilities and Stockholders' Equity $ 188,899,854 $ 175,917,068
Schedule of condensed statements of income and comprehensive income (loss)	Year Ended December 31, 2017 2016 Operating expenses Selling, general and administrative expenses $ (402,579 ) $ (1,963,438 ) Loss from Operations (402,579 ) (1,963,438 ) Equity in earnings of unconsolidated subsidiaries 2,068,895 9,276,414 Income before Income Taxes 1,666,316 7,312,976 Provision for Income Taxes (6,528 ) - Net Income $ 1,659,788 $ 7,312,976 Other comprehensive income (loss) 10,910,190 (11,784,410 ) Total Comprehensive Income (loss) $ 12,569,978 $ (4,471,434 )
Schedule of condensed statements of cash flows	Year Ended December 31, 2017 2016 Net Cash Used in Operating Activities $ (402,579 ) $ (24,722 ) Net Cash Provided by Financing Activities 406,280 17,339 Net (Increase) Decrease in Cash and Cash Equivalents 3,701 (7,383 ) Cash and Cash Equivalents - Beginning of Year 1,457 8,840 Cash and Cash Equivalents - End of Year $ 5,158 $ 1,457

Organization and Business Bac46

Organization and Business Background (Details)	12 Months Ended
	Dec. 31, 2017
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	Control	[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 Bac47

Organization and Business Background (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and bank balances	$ 2,895,790	$ 2,332,646	$ 2,641,917
Restricted cash	6,121,637	2,162,318
Accounts receivable	1,843,682	3,894,436
Inventories	8,474,165	5,632,030
Prepayments and other current assets	651,523	455,892
Total current assets	19,986,797	14,477,322
Property, plant, and equipment, net	189,388,709	187,689,880
Deferred tax asset non-current	6,572,559	3,264,841
Total Assets	218,989,481	208,377,618
Current Liabilities
Short-term bank loans	7,192,923	5,045,409
Current obligations under capital lease		8,786,528
Accounts payable	422,705	559,952
Notes payable	6,121,637	2,162,318
Due to a related party	60,378	56,872
Accrued payroll and employee benefits	231,247	209,936
Other payables and accrued liabilities	836,337	2,424,778
Income taxes payable	525,804	1,310,967
Total current liabilities	21,757,533	20,585,591
Loans from credit union	1,193,719	4,843,592
Loans from a related party	10,712,865	10,090,817
Deferred gain on sale-leaseback		102,232
Total liabilities	33,664,117	35,622,232
Orient Paper HB [Member]
Current Assets
Cash and bank balances	2,681,942	2,005,288
Restricted cash	6,121,637	2,162,318
Accounts receivable	1,843,682	3,894,435
Inventories	8,431,972	5,592,230
Prepayments and other current assets	646,598	451,349
Total current assets	19,725,831	14,105,620
Property, plant, and equipment, net	167,727,768	162,779,492
Deferred tax asset non-current	5,167,288	2,804,019
Total Assets	192,620,887	179,689,131
Current Liabilities
Short-term bank loans	7,192,923	5,045,409
Current portion of long-term loans from credit union	5,142,175
Current obligations under capital lease		8,786,528
Accounts payable	422,705	559,952
Advance from customers		28,831
Notes payable	6,121,637	2,162,318
Due to a related party	60,378	56,872
Accrued payroll and employee benefits	227,163	206,642
Other payables and accrued liabilities	836,309	2,424,751
Income taxes payable	519,365	1,311,051
Total current liabilities	20,522,655	20,582,354
Loans from credit union		4,843,592
Loans from a related party	10,712,865	10,090,817
Deferred gain on sale-leaseback		102,232
Total liabilities	$ 31,235,520	$ 35,618,995

Organization and Business Bac48

Organization and Business Background (Details Textual)	1 Months Ended			12 Months Ended
	Feb. 10, 2010USD ($)¥ / shares	Jun. 24, 2009USD ($)	Oct. 29, 2007shares	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2010	Jun. 30, 2010USD ($)
Organization and Business Background (Textual)
Percentage of distributable profit of Orient Paper HB						100.00%
Exercise price for options | ¥ / shares	¥ 1
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 shareholders under merger agreement | shares			7,450,497
Reverse stock split			Four-for-one
Orient Paper Shengde [Member]
Organization and Business Background (Textual)
Registered capital		$ 10,000,000					$ 60,000,000
Loan agreement to terminate	¥ 10,000,000
Orient Paper HB [Member]
Organization and Business Background (Textual)
Percentage of ownership				100.00%
Service fees percentage of annual net profits	80.00%
Aggregate principal amount	¥ 10,000,000
Loan agreement to terminate	¥ 10,000,000
Percentage of revenue				100.00%	99.51%
Percentage of assets accounted				87.96%	86.23%

Basis of Presentation and Sig49

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable [Roll Forward]
Opening balance	$ 79,478	$ 38,865
Provision (Reversal) for the year	(45,309)	44,938
Exchange difference	3,457	(4,325)
Closing balance	$ 37,626	$ 79,478

Basis of Presentation and Sig50

Basis of Presentation and Significant Accounting Policies (Details 1)	12 Months Ended
	Dec. 31, 2017
Land use right [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, Useful life	Over the lease term
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, Useful life	30 years
Machinery and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, Useful life	5 years
Machinery and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, Useful life	15 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, Useful life	15 years

Basis of Presentation and Sig51

Basis of Presentation and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2015USD ($)
Basis of Presentation and Significant Accounting Policies (Textual)
Current exchange rates, description	The current exchange rates used by the Company as of December 31, 2017 and 2016 to translate the Chinese RMB to the U.S. Dollars are 6.5342:1, and 6.9370:1, respectively.	The current exchange rates used by the Company as of December 31, 2017 and 2016 to translate the Chinese RMB to the U.S. Dollars are 6.5342:1, and 6.9370:1, respectively.
Currency average exchange rate to translate Chinese RMB to U.S. Dollars	6.74231	6.74231	6.65291
Allowance for doubtful accounts	$ 37,626		$ 79,478		$ 38,865
Statutory reserve fund
Registered capital, amount	11,811,470	¥ 75,030,000
Provision for such employee benefits
Advertising and promotion costs
Research and development costs	31,922		21,598
Subsidy income	$ 41,529
Lease obligations, description	The lease term is at least 75% of the property's estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date.	The lease term is at least 75% of the property's estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date.
VAT rate	17.00%	17.00%
Assets, Current	$ 19,986,797		14,477,322
Liabilities, Current	21,757,533		20,585,591
Due to Related Parties, Current	60,378		56,872
Working capital deficit, current			6,108,269
Sale-leaseback arrangement			3,006,208	¥ 20,000,000
Working capital deficit	$ 4,337,533		$ 1,770,736

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Restricted Cash (Textual)
Restricted cash	$ 6,121,637	$ 2,162,318
Description of restricted cash notes payable maturity	The restriction will be lifted upon the maturity of the notes payable on January 5, 2018.	The restriction has been lifted upon the maturity of the notes payable on February 1, 2017.

Inventories (Details)

Inventories (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of inventories
Raw materials	$ 7,488,437	$ 4,393,223
Finished Goods	985,728	1,238,807
Totals	8,474,165	5,632,030
Recycled paper board [Member]
Schedule of inventories
Raw materials	6,337,374	3,337,649
Recycled white scrap paper [Member]
Schedule of inventories
Raw materials	862,734
Recycled scrap binding margin [Member]
Schedule of inventories
Raw materials		547,803
Coal & gas [Member]
Schedule of inventories
Raw materials	71,674	242,307
Base paper and other raw materials [Member]
Schedule of inventories
Raw materials	$ 216,655	$ 265,464

Prepayments and Other Current54

Prepayments and Other Current Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Summary of prepayments and other current assets
Prepaid land lease	$ 459,123	$ 432,464
Prepayment for purchase of materials	183,649
Others	8,751	23,428
Total prepayments and other current assets	$ 651,523	$ 455,892

Property, Plant and Equipment55

Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant, and Equipment:
Totals	$ 266,687,858	$ 254,289,650
Less: accumulated depreciation and amortization	(77,299,149)	(66,599,770)
Property, Plant and Equipment, net	189,388,709	187,689,880
Land use rights [Member]
Property, Plant, and Equipment:
Totals	12,479,814	11,755,168
Building and improvements [Member]
Property, Plant, and Equipment:
Totals	98,866,703	92,927,111
Machinery and equipment [Member]
Property, Plant, and Equipment:
Totals	118,670,578	123,932,336
Vehicles [Member]
Property, Plant, and Equipment:
Totals	593,265	590,619
Construction in progress [Member]
Property, Plant, and Equipment:
Totals	$ 36,077,498	$ 25,084,416

Property, Plant and Equipment56

Property, Plant and Equipment (Details Textual)	Jun. 16, 2013USD ($)	Dec. 31, 2017USD ($)T	Dec. 31, 2016USD ($)	Jul. 01, 2015USD ($)	Jun. 16, 2013CNY (¥)
Property, Plant and Equipment (Textual)
Deferred gain on sale of leased equipment			$ 102,232
Production capacity of manufacturing equipment PM8 (per year) | T		15,000
Amount of interest capitalized		$ 9,833	53,535
Assets pledged for guarantee of orient paper HB's capital lease
Depreciation and amortization		14,633,780	15,287,509
Property, plant and equipment pledged for long term loan		7,963,285	9,813,294
Land use right net values pledged for sale-leaseback financing		6,437,419
Addition, production equipment of Orient Paper Shengde with net value			23,654,125
Sale-leaseback arrangement [Member]
Property, Plant and Equipment (Textual)
Term of lease	3 years
Nominal purchase price	$ 2,296				¥ 15,000
Deferred gain on sale of leased equipment	$ 1,379,282
Future minimum lease payments				$ 1,617,574
Property, plant and equipment pledged for long term loan
Land use right net values pledged for sale-leaseback financing			6,200,401
Capital lease asset cost			$ 24,328,940	$ 27,599,774
Land use rights [Member]
Property, Plant and Equipment (Textual)
Term of lease		50 years	50 years
Lease expiration year		From 2061 to 2066.	From 2061 to 2066.

Loans Payable (Details)

Loans Payable (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Schedule of short-term bank loans
Total short-term bank loans		$ 7,192,923	$ 5,045,409
Bank of Hebei [Member]
Schedule of short-term bank loans
Total short-term bank loans	[1]		2,162,318
Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[2]		2,883,091
ICBC Loan 2 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[3]	4,285,145
ICBC Loan 3 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[4]	$ 2,907,778
[1]	On July 8, 2016, the Company entered into a working capital loan agreement with the Bank of Hebei, with a balance of $2,162,318 as of December 31, 2016. The loan bears a fixed interest rate of 5.22% per annum. The working capital loan is guaranteed by the Company's CEO and Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. The loan was due and repaid on July 6, 2017.
[2]	On September 13, 2016, the Company entered into a working capital loan agreement with ICBC, with a balance of $2,883,091 as of December 31, 2016. The loan bears a fixed interest rate of 4.5675% per annum. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan was due and repaid on September 7, 2017.
[3]	On January 10, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,285,145 as of December 31, 2017. The working capital loan is guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.5675% per annum. The loan was due and repaid on January 8, 2018.
[4]	On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,907,778 as of December 31, 2017. The working capital loan is secured by the Company's land use right as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.945% per annum. The loan will be due on October 12, 2018.

Loans Payable (Details 1)

Loans Payable (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total	$ 7,560,221	$ 4,843,592
Less: Current portion of long-term loans from credit union	6,366,502
Long-term loans from credit union	1,193,719	4,843,592
Rural Credit Union of Xushui County Loan 1 [Member]
Debt Instrument [Line Items]
Total	1,316,152	1,239,729
Rural Credit Union of Xushui County Loan 2 [Member]
Debt Instrument [Line Items]
Total	3,826,022	3,603,863
Rural Credit Union of Xushui County Loan 3 [Member]
Debt Instrument [Line Items]
Total	$ 2,418,047

Loans Payable (Details 2)

Loans Payable (Details 2)	Dec. 31, 2017USD ($)
Fiscal year
2,018	$ 6,366,502
2,019	1,193,719
2,020
2,021
2,022
Total	$ 7,560,221

Loans Payable (Details Textual)

Loans Payable (Details Textual)

Jan. 10, 2017

Sep. 13, 2016

Jul. 08, 2016

Apr. 16, 2014

Jul. 15, 2013

Jun. 16, 2013USD ($)

Jun. 16, 2013CNY (¥)

Oct. 18, 2017

Apr. 20, 2017

Jul. 01, 2015

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Aug. 31, 2015USD ($)

Jun. 16, 2013CNY (¥)

Loans Payable (Textual)

Unpaid balance of short term debt

$ 7,192,923

$ 5,045,409

Guaranteed short-term borrowings

1,193,719

4,843,592

Unsecured bank loans

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

5.27%

8.05%

Long-term debt, Interest rate per month

0.60%

Loan extension period

2 years

Installment repayment description

The Rural Credit Union of Xushui County for a term of 2 years, which is due and payable in various installments from August 26, 2017 to April 19, 2019.

Total outstanding loan balance

Current portion of total outstanding loan

$ 6,366,502

Total

7,560,221

4,843,592

Long-term obligations under capital lease

Current obligations under capital lease

8,786,528

Total interest expenses for the sale-leaseback arrangement

795,163

749,867

Deferred gain on sale of leased equipment

102,232

Sale-leaseback arrangement [Member]

Loans Payable (Textual)

Nominal purchase price

$ 2,296

¥ 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

Term of lease

3 years

3 years

Rural Credit Union of Xushui County [Member]

Loans Payable (Textual)

Total outstanding loan balance

2,418,047

Current portion of total outstanding loan

1,224,328

Non-current portion of total outstanding loan

1,193,719

Long-term loan [Member] | Rural Credit Union of Xushui County [Member]

Loans Payable (Textual)

Long-term debt, Interest rate per month

0.72%

Loan extension period

5 years

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.

Loan amount

$ 191,301

Original repayment of loan

68,868

Total outstanding loan balance

1,316,152

1,239,729

Current portion of total outstanding loan

1,316,152

Non-current portion of total outstanding loan

1,239,729

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

Loans Payable (Textual)

Long-term debt, Interest rate per month

0.72%

Loan extension period

5 years

Installment repayment description

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 amount

198,953

Original repayment of loan

$ 61,216

Total outstanding loan balance

$ 3,826,022

3,603,863

Current portion of total outstanding loan

3,826,022

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

1,196,814

1,411,731

Security loan agreement by manufacturing equipment

8,186,436

9,813,294

Non-current liabilities

3,603,863

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.

Current obligations under capital lease

8,786,528

ICBC Loan 1 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[1]

2,883,091

Loan bears a fixed interest rate

4.5675%

Loan, maturity date

Sep. 7, 2017

ICBC Loan 2 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[2]

4,285,145

Loan bears a fixed interest rate

4.5675%

Loan, maturity date

Jan. 8, 2018

ICBC Loan 3 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[3]

2,907,778

Loan bears a fixed interest rate

4.945%

Loan, maturity date

Oct. 12, 2018

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

Loans Payable (Textual)

Proceeds from sale of paper manufacturing equipment to leasing company

$ 23,000,000

¥ 150,000,000

Total financing proceeds

23,000,000

¥ 150,000,000

Nominal purchase price

$ 2,296

¥ 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

Bank of Hebei [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[4]

$ 2,162,318

Loan bears a fixed interest rate

5.22%

Loan, maturity date

Jul. 6, 2017

[1]

On September 13, 2016, the Company entered into a working capital loan agreement with ICBC, with a balance of $2,883,091 as of December 31, 2016. The loan bears a fixed interest rate of 4.5675% per annum. The working capital loan was guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan was due and repaid on September 7, 2017.

[2]

On January 10, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,285,145 as of December 31, 2017. The working capital loan is guaranteed by Hebei Tengsheng with its land use right pledged as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.5675% per annum. The loan was due and repaid on January 8, 2018.

[3]

On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,907,778 as of December 31, 2017. The working capital loan is secured by the Company's land use right as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.945% per annum. The loan will be due on October 12, 2018.

[4]

On July 8, 2016, the Company entered into a working capital loan agreement with the Bank of Hebei, with a balance of $2,162,318 as of December 31, 2016. The loan bears a fixed interest rate of 5.22% per annum. The working capital loan is guaranteed by the Company's CEO and Hebei Tengsheng with its land use right and real property pledged by Hebei Tengsheng as collateral for the benefit of the bank. The loan was due and repaid on July 6, 2017.

Related Party Transactions (Det

Related Party Transactions (Details)	Oct. 14, 2016USD ($)	Mar. 01, 2015USD ($)	Dec. 10, 2014	Aug. 07, 2013USD ($)Employee	Aug. 07, 2013CNY (¥)Employee	Jan. 01, 2013	Dec. 31, 2015USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 13, 2015USD ($)	Mar. 01, 2015CNY (¥)
Related Party Transactions (Textual)
Loan paid off							$ 2,249,279
Accrued interest								$ 548,684	$ 516,825
Proceeds from shareholder loan									14,000
Interest paid							$ 391,374
Repayment of related party loans									6,026,416
CEO [Member]
Related Party Transactions (Textual)
Loans payable to related party	$ 2,883,091	$ 18,364,911								$ 4,324,636	¥ 120,000,000
Term of loan		3 years
Outstanding loan balance								7,652,047	7,207,727
Loan matures date	Jul. 12, 2018
Accrued interest								110,476	104,062
Orient Paper HB [Member]
Related Party Transactions (Textual)
Lease term renewed						3 years
Hebei Fangsheng [Member]
Related Party Transactions (Textual)
Rental payment				$ 148,317	¥ 1,000,000
Industrial building lease term				3 years	3 years
Number of dormitory buildings | Employee				3	3
Sale price of industrial land use rights				$ 2,770,000
Sale price of industrial building				$ 1,150,000
Lease expiration date				Aug. 31, 2016	Aug. 31, 2016
Sale price of dormitory buildings				$ 4,310,000
Mr. Zhenyong Liu [Member]
Related Party Transactions (Textual)
Loan paid off									288,596
Loans payable to related party								10,712,865	$ 10,090,817
Term of loan	3 years								3 years
Interest rate on loans			4.35%
Outstanding loan balance								3,060,818	$ 2,883,090
Loan matures date	Jul. 12, 2021								Dec. 2, 2020
Accrued interest								45,912	$ 43,246
Loan from related parties, interest expense								451,626	513,084
Repayment of related party loans									6,012,416
Lease term renewed						3 years
Mr. Zhenyong Liu [Member] | Orient Paper HB [Member]
Related Party Transactions (Textual)
Loans payable to related party								9,182,455	8,649,272
Loan matures date			Dec. 10, 2017
Other payables and accrued liabilities								$ 392,296	$ 369,517

Notes Payable (Details)

Notes Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Notes Payable (Textual)
Notes payable	$ 6,121,637	$ 2,162,318
Restricted cash	$ 6,121,637	$ 2,162,318
Bank of Hebei [Member]
Notes Payable (Textual)
Bank acceptance notes from bank, interest rate
Handling charges of bank acceptance notes percentage		0.05%
Description of maturity of notes payable		The acceptance note was repaid in February 2017.
Bank of Cangzhou [Member]
Notes Payable (Textual)
Bank acceptance notes from bank, interest rate
Handling charges of bank acceptance notes percentage	0.05%
Description of maturity of notes payable	The acceptance notes were due and paid off in January 2018.

Other Payables and Accrued Li63

Other Payables and Accrued Liabilities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Summary of other payables and accrued liabilities
Accrued electricity	$ 2,862	$ 335,169
Value-added tax payable	196,395	1,080,055
Accrued interest to a related party	548,684	516,825
Payable for purchase of equipment	49,585	223,143
Accrued commission to salesmen	16,992	160,014
Others	21,819	109,572
Totals	$ 836,337	$ 2,424,778

Common Stock (Details)

Common Stock (Details)	Jan. 12, 2016USD ($)Employee$ / sharesshares	Aug. 27, 2014$ / sharesshares	Aug. 28, 2011USD ($)$ / shares	Dec. 31, 2013USD ($)$ / shares
Common Stock (Textual)
Share price | $ / shares	$ 1.25		$ 3.45	$ 2.66
Number of officers | Employee	9
Total fair value of stock of grant | $	$ 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 Incentive Stock Plan [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
Investors [Member]
Common Stock (Textual)
Issuance of common stock and warrants		1,562,500
Warrants to purchase of common stock		781,250
Share price | $ / shares		$ 1.60

Stock Warrants (Details)

Stock Warrants (Details)	12 Months Ended
	Dec. 31, 2017
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] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number
Outstanding and exercisable at beginning of the year	820,312	820,312
Issued during the year
Exercised during the year
Cancelled or expired during the year
Outstanding and exercisable at end of the year	820,312	820,312
Weight average exercise price
Outstanding and exercisable at beginning of the year	$ 1.71	$ 1.71
Issued during the year
Exercised during the year
Cancelled or expired during the year
Outstanding and exercisable at end of the year	1.71	1.71
Range of exercise price, lower range limit	1.70	1.70
Range of exercise price, upper range limit	$ 2	$ 2

Stock Warrants (Details Textual

Stock Warrants (Details Textual) - Warrant [Member] - USD ($)	Aug. 27, 2014	Dec. 31, 2017	Dec. 31, 2016
Stock Warrants (Textual)
Issuance of common stock and warrants	1,562,500
Warrants to purchase shares of common stock	781,250
Exercise price	$ 1.70	$ 2
Warrants exercisable term	5 years
Fair value of common stock sold	$ 780,000	$ 35,191
Aggregate percentage of common stock sold under offering		2.50%
Aggregate number of shares of common stock sold		39,062
Warrants expiration date	Sep. 2, 2019	Jun. 26, 2019
Aggregated intrinsic value of warrants outstanding and exercisable

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Basic income per share
Net income for the period - numerator	$ (1,636,333)	$ 1,572,335	$ 15,917	$ 1,707,869	$ 3,070,724	$ 3,034,542	$ 2,581,606	$ (1,373,896)	$ 1,659,788	$ 7,312,976
Weighted average common stock outstanding - denominator									21,450,316	21,416,143
Net income per share	$ 0.076	$ 0.07	$ 0.001	$ 0.08	$ 0.14	$ 0.14	$ 0.12	$ (0.06)	$ 0.08	$ 0.34
Diluted income per share
Net income for the period - numerator	$ (1,636,333)	$ 1,572,335	$ 15,917	$ 1,707,869	$ 3,070,724	$ 3,034,542	$ 2,581,606	$ (1,373,896)	$ 1,659,788	$ 7,312,976
Weighted average common stock outstanding - denominator									21,450,316	21,416,143
Effect of dilution
Weighted average common stock outstanding - denominator									21,450,316	21,416,143
Diluted income per share	$ 0.076	$ 0.07	$ 0.001	$ 0.08	$ 0.14	$ 0.14	$ 0.12	$ (0.06)	$ 0.08	$ 0.34

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share (Textual)
Warrants shares are excluded from calculations of dilutive net income per share	820,312	820,312

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Provision for Income Taxes
Current Tax Provision U.S.	$ 6,528
Current Tax Provision PRC	3,519,311	5,074,066
Deferred Tax Provision PRC	(3,010,577)	(1,959,494)
Total Provision for Income Taxes	$ 662,828	$ 3,114,572

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets (liabilities)
Depreciation and amortization of property, plant and equipment	$ 5,123,762	$ 2,766,595
Impairment of property, plant and equipment	440,080	372,514
Miscellaneous	712,517	(21,472)
Net operating loss carryover of PRC company	296,200	147,204
Net operating loss carryover for U.S. income tax purposes		2,949,287
Total deferred tax assets	6,572,559	6,214,128
Less: Valuation allowance		(2,949,287)
Total deferred tax assets, net	$ 6,572,559	$ 3,264,841

Income Taxes (Details 2)

Income Taxes (Details 2)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of reconciliation of statutory rates to Company's effective tax rate
PRC Statutory rate	25.00%	25.00%
Effect of the U.S. Transition Tax under the 2017 TCJA	8.60%
Effect of different tax jurisdiction	(0.80%)	(1.70%)
Effect of expenses not deductible for PRC tax purposes	(6.20%)	0.10%
Effect of income not taxable for PRC tax purposes
(Over) Underprovision in previous years	(1.10%)	0.10%
Change in valuation allowance	3.00%	6.40%
Effective income tax rate	28.50%	29.90%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Income Taxes (Textual)
U.S. federal tax		25.00%	25.00%
Statutory tax rates		8.60%
Effective income tax rate		28.50%	29.90%
Income taxes, description		These carry forwards would expire, if not utilized, during the period of 2030 through 2035.
Income tax, statute of limitations period		5 years
Net tax expense		$ 6,528
Current accrued income taxes	$ 525,804	$ 525,804	1,310,967
United States [Member]
Income Taxes (Textual)
U.S. federal tax		34.00%
Statutory tax rates		0.00%
Income taxes, description		The Act 2017 TCJA lowered the Company's U.S. statutory federal income tax rate from the highest rate of 35% to 21% effective January 1, 2018.
Net tax expense	80,000
Current accrued income taxes	6,528	$ 6,528
PRC [Member]
Income Taxes (Textual)
Statutory tax rates		25.00%
Net operating losses			$ 6,710,939
Percentage of valuation allowance			100.00%

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		109,584	297,000
Un-restricted common shares	1,133,916
Share price	$ 1.25	$ 3.45	$ 2.66
Total fair value of stock of grant	$ 1,417,395	$ 378,065	$ 790,020
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
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
2015 ISP [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 Contingencies75

Commitments and Contingencies (Details)	Dec. 31, 2017USD ($)
Schedule of future minimum lease payments
2,018	$ 658,586
2,019	569,312
2,020	569,312
2,021	569,312
2,022	569,312
Thereafter	2,414,986
Total operating lease payments	$ 5,350,820

Commitments and Contingencies76

Commitments and Contingencies (Details Textual)	1 Months Ended		12 Months Ended
	Nov. 27, 2012USD ($)a	Nov. 27, 2012CNY (¥)a	Dec. 31, 2017USD ($)a	Dec. 31, 2017CNY (¥)	Dec. 31, 2017CNY (¥)a	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)
Commitments and Contingencies (Textual)
Outstanding commitments for construction of equipment and facilities | $			$ 11,227,896			$ 13,921,168
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			$ 8,570,292		¥ 56,000,000	$ 8,072,654	¥ 56,000,000
Long-term loan maturity, description			The Company agreed with Baoding Huanrun Trading Co. (formerly known as Dongfang Trading Co.), a major supplier of raw materials, to guarantee certain obligations of this third party, and as of December 31, 2017 and December 31, 2016, the Company guaranteed its long-term loan from financial institutions amounting to $8,570,292 (RMB56,000,000) and $8,072,654 (RMB56,000,000) that matured at various times in 2018.	The Company agreed with Baoding Huanrun Trading Co. (formerly known as Dongfang Trading Co.), a major supplier of raw materials, to guarantee certain obligations of this third party, and as of December 31, 2017 and December 31, 2016, the Company guaranteed its long-term loan from financial institutions amounting to $8,570,292 (RMB56,000,000) and $8,072,654 (RMB56,000,000) that matured at various times in 2018.
Local government in 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			$ 17,798	¥ 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	$ 533,942	¥ 3,600,000
Hebei Fangsheng [Member]
Commitments and Contingencies (Textual)
Lease expiration period			5 years	5 years
Operating lease annual rental payment			$ 148,317	¥ 1,000,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Summarized financial information for reportable segments
Revenues	$ 35,439,183	$ 33,507,053	$ 22,787,683	$ 25,289,659	$ 31,376,309	$ 37,462,066	$ 37,991,892	$ 27,914,333	$ 117,023,578	$ 134,744,600
Gross profit (loss)	3,616,077	7,221,288	3,464,666	5,653,920	7,545,402	7,330,843	6,889,754	3,765,884	19,955,951	25,531,883
Depreciation and amortization									14,633,780	15,287,509
Loss from impairment and disposal of property, plant and equipment									(3,968,289)	(178,306)
Interest income									34,590	96,976
Interest expense									2,433,770	2,621,147
Income tax expense(benefit)									662,828	3,114,572
Net income (loss)	(1,636,333)	$ 1,572,335	$ 15,917	$ 1,707,869	3,070,724	$ 3,034,542	$ 2,581,606	$ (1,373,896)	1,659,788	7,312,976
Total Assets	218,989,481				208,377,618				218,989,481	208,377,618
Orient Paper HB [Member]
Summarized financial information for reportable segments
Revenues									117,023,578	134,087,266
Gross profit (loss)									19,955,951	25,918,026
Depreciation and amortization									13,719,661	14,360,363
Loss from impairment and disposal of property, plant and equipment									1,896,320
Interest income									29,565	95,915
Interest expense									2,320,147	2,621,147
Income tax expense(benefit)									1,544,069	3,339,041
Net income (loss)									4,746,326	9,999,297
Total Assets	192,620,887				179,689,131				192,620,887	179,689,131
Orient Paper Shengde [Member]
Summarized financial information for reportable segments
Revenues										657,334
Gross profit (loss)										(386,143)
Depreciation and amortization									914,119	927,146
Loss from impairment and disposal of property, plant and equipment									2,071,969
Interest income									5,025	1,061
Interest expense									113,623
Income tax expense(benefit)									(887,769)	(224,469)
Net income (loss)									(2,293,731)	(722,883)
Total Assets	26,363,435				28,687,027				26,363,435	28,687,027
Not Attributable to Segments [Member]
Summarized financial information for reportable segments
Revenues
Gross profit (loss)
Depreciation and amortization
Loss from impairment and disposal of property, plant and equipment
Interest income
Interest expense
Income tax expense(benefit)									6,528
Net income (loss)									(792,807)	(1,963,438)
Total Assets	5,159				1,460				5,159	1,460
Elimination of Inter-segment [Member]
Summarized financial information for reportable segments
Revenues
Gross profit (loss)
Depreciation and amortization
Loss from impairment and disposal of property, plant and equipment
Interest income
Interest expense
Income tax expense(benefit)
Net income (loss)
Total Assets
Enterprise-wide, consolidated [Member]
Summarized financial information for reportable segments
Revenues									117,023,578	134,744,600
Gross profit (loss)									19,955,951	25,531,883
Depreciation and amortization									14,633,780	15,287,509
Loss from impairment and disposal of property, plant and equipment									3,968,289
Interest income									34,590	96,976
Interest expense									2,433,770	2,621,147
Income tax expense(benefit)									662,828	3,114,572
Net income (loss)									1,659,788	7,312,976
Total Assets	$ 218,989,481				$ 208,377,618				$ 218,989,481	$ 208,377,618

Segment Reporting (Details Text

Segment Reporting (Details Textual)	12 Months Ended
	Dec. 31, 2017Customers
Segment Reporting (Textual)
Number of business operating segments	2
Number of reportable segment	2

Concentration and Major Custo79

Concentration and Major Customers and Suppliers (Details) - Customers	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Concentration and Major Customers and Suppliers (Textual)
Number of major suppliers	2	2
Number of customer contributed over 10% of total sales
Sales [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	10.00%	10.00%
Supplier One [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	69.00%	62.00%
Supplier Two [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	8.00%	8.00%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	May 01, 2015USD ($)	May 01, 2015CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation	$ 76,520	¥ 500,000	$ 8,687,958	¥ 56,768,856
Maximum coverage [Member]
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation				¥ 500,000

Recent Accounting Pronounceme81

Recent Accounting Pronouncements (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Recent Accounting Pronouncements (Textual)
Restricted cash	$ 6,121,637	$ 2,162,318

Subsequent Event (Details)

Subsequent Event (Details) - Jan. 02, 2018 - Subsequent Event [Member]	USD ($)	CNY (¥)
Subsequent Event (Textual)
Line of credit	$ 5,356,432	¥ 35,000,000
Interest rate	6.09%
Loan withdrawn	$ 5,356,432
Loan withdrawn, date	Jan. 4, 2018

Summarized Quarterly Financia83

Summarized Quarterly Financial Data (Unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Summarized Quarterly Financial Data (Unaudited) [Abstract]
Revenues	$ 35,439,183	$ 33,507,053	$ 22,787,683	$ 25,289,659	$ 31,376,309	$ 37,462,066	$ 37,991,892	$ 27,914,333	$ 117,023,578	$ 134,744,600
Gross profit	3,616,077	7,221,288	3,464,666	5,653,920	7,545,402	7,330,843	6,889,754	3,765,884	19,955,951	25,531,883
Income from operations	(1,674,877)	2,719,550	764,016	2,871,578	4,632,419	4,731,145	4,168,522	(580,367)	4,680,267	12,951,719
Net income (loss)	$ (1,636,333)	$ 1,572,335	$ 15,917	$ 1,707,869	$ 3,070,724	$ 3,034,542	$ 2,581,606	$ (1,373,896)	$ 1,659,788	$ 7,312,976
Net income per share:
Basic	$ 0.076	$ 0.07	$ 0.001	$ 0.08	$ 0.14	$ 0.14	$ 0.12	$ (0.06)	$ 0.08	$ 0.34
Diluted	$ 0.076	$ 0.07	$ 0.001	$ 0.08	$ 0.14	$ 0.14	$ 0.12	$ (0.06)	$ 0.08	$ 0.34

Condensed Financial Informati84

Condensed Financial Information of the Parent Company (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 2,895,790	$ 2,332,646	$ 2,641,917
Total current assets	19,986,797	14,477,322
Total Assets	218,989,481	208,377,618
Current Liabilities
Income tax payable	525,804	1,310,967
Total current liabilities	21,757,533	20,585,591
Total liabilities	33,664,117	35,622,232
Total stockholders' equity	185,325,364	172,755,386	175,809,425
Total Liabilities and Stockholders' Equity	218,989,481	208,377,618
Parent Company [Member]
Current Assets
Cash and cash equivalents	5,158	1,457	$ 8,840
Total current assets	5,158	1,457
Investment in subsidiaries	188,894,696	175,915,611
Total Assets	188,899,854	175,917,068
Current Liabilities
Inter-company payable	3,567,962	3,161,682
Income tax payable	6,528
Total current liabilities	3,574,490	3,161,682
Total liabilities	3,574,490	3,161,682
Total stockholders' equity	185,325,364,000	172,755,386,000
Total Liabilities and Stockholders' Equity	$ 188,899,854	$ 175,917,068

Condensed Financial Informati85

Condensed Financial Information of the Parent Company (Details 1) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Operating expenses
Selling, general and administrative expenses									$ (11,307,395)	$ (12,401,858)
Loss from Operations	$ (1,674,877)	$ 2,719,550	$ 764,016	$ 2,871,578	$ 4,632,419	$ 4,731,145	$ 4,168,522	$ (580,367)	4,680,267	12,951,719
Income before Income Taxes									2,322,616	10,427,548
Provision for Income Taxes									662,828	3,114,572
Net Income	$ (1,636,333)	$ 1,572,335	$ 15,917	$ 1,707,869	$ 3,070,724	$ 3,034,542	$ 2,581,606	$ (1,373,896)	1,659,788	7,312,976
Total Comprehensive Income (Loss)									12,569,978	(4,471,434)
Parent Company [Member]
Operating expenses
Selling, general and administrative expenses									(402,579)	(1,963,438)
Loss from Operations									(402,579)	(1,963,438)
Equity in earnings of unconsolidated subsidiaries									2,068,895	9,276,414
Income before Income Taxes									1,666,316	7,312,976
Provision for Income Taxes									(6,528)
Net Income									1,659,788	7,312,976
Other comprehensive income (loss)									10,910,190	(11,784,410)
Total Comprehensive Income (Loss)									$ 12,569,978	$ (4,471,434)

Condensed Financial Informati86

Condensed Financial Information of the Parent Company (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net Cash Used in Operating Activities	$ 18,151,788	$ 15,277,522
Net Cash Provided by Financing Activities	(8,624,970)	(3,681,346)
Net (Increase) Decrease in Cash and Cash Equivalents	563,144	(309,271)
Cash and Cash Equivalents - Beginning of Year	2,332,646	2,641,917
Cash and Cash Equivalents - End of Year	2,895,790	2,332,646
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Used in Operating Activities	(402,579)	(24,722)
Net Cash Provided by Financing Activities	406,280	17,339
Net (Increase) Decrease in Cash and Cash Equivalents	3,701	(7,383)
Cash and Cash Equivalents - Beginning of Year	1,457	8,840
Cash and Cash Equivalents - End of Year	$ 5,158	$ 1,457

Condensed Financial Informati87

Condensed Financial Information of the Parent Company (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Information of the Parent Company (Textual)
Restricted including paid-in capital, capital surplus and statutory reserves	$ 49,304,340	$ 46,441,462