IT Tech Packaging (ITP) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 08, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	IT TECH PACKAGING, INC.
Entity Central Index Key	1,358,190
Trading Symbol	ITP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Ex Transition Period	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		21,984,816

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current Assets
Cash and bank balances	$ 5,468,315	$ 2,895,790
Restricted cash	3,634,144	6,121,637
Accounts receivable (net of allowance for doubtful accounts of $24,863 and $37,626 as of September 30, 2018 and December 2017, respectively)	1,218,291	1,843,682
Inventories	4,663,053	8,474,165
Prepayments and other current assets	4,037,371	651,523
Total current assets	19,021,174	19,986,797
Property, plant, and equipment, net	171,269,284	189,388,709
Value-added tax recoverable	2,824,155	3,041,416
Deferred tax asset non-current	7,791,811	6,572,559
Total Assets	200,906,424	218,989,481
Current Liabilities
Short-term bank loans	11,919,991	7,192,923
Current portion of long-term loans from credit union	3,605,070	6,366,502
Accounts payable	64,410	422,705
Notes payable	3,634,144	6,121,637
Due to related parties	319,400	60,378
Accrued payroll and employee benefits	185,987	231,247
Other payables and accrued liabilities	1,064,788	836,337
Income taxes payable		525,804
Total current liabilities	20,793,790	21,757,533
Loans from credit union	3,575,997	1,193,719
Loans from a related party	5,814,630	10,712,865
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $24,154,428 and $31,235,520 as of September 30, 2018 and 2017, respectively)	30,184,417	33,664,117
Commitments and Contingencies
Stockholders' Equity
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 shares issued and outstanding as of September 30, 2018 and 2017, 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 (loss) income	(3,753,314)	5,468,799
Retained earnings	117,738,054	123,119,298
Total stockholders' equity	170,722,007	185,325,364
Total Liabilities and Stockholders' Equity	$ 200,906,424	$ 218,989,481

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 24,863	$ 37,626
Consolidated VIE, liabilities	$ 24,154,428	$ 31,235,520
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

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statements of Income and Comprehensive Income (Loss) [Abstract]
Revenues	$ 26,723,657	$ 33,507,053	$ 61,761,041	$ 81,584,395
Cost of sales	(25,464,314)	(26,285,765)	(58,181,584)	(65,244,521)
Gross Profit	1,259,343	7,221,288	3,579,457	16,339,874
Selling, general and administrative expenses	(2,829,933)	(2,848,699)	(9,670,992)	(8,319,590)
Gain (Loss) from disposal of property, plant and equipment	237	(1,653,039)	(10,026)	(1,665,140)
(Loss) Income from Operations	(1,570,353)	2,719,550	(6,101,561)	6,355,144
Other Income (Expense):
Interest income	5,222	5,503	32,641	29,259
Subsidy income	(5,786)	410	244,723	41,223
Interest expense	(372,276)	(647,963)	(1,183,269)	(2,023,577)
(Loss) Income before Income Taxes	(1,943,193)	2,077,500	(7,007,466)	4,402,049
Provision for Income Taxes	538,231	(505,165)	1,626,222	(1,105,928)
Net (Loss) Income	(1,404,962)	1,572,335	(5,381,244)	3,296,121
Other Comprehensive (Loss) Income
Foreign currency translation adjustment	(6,994,097)	3,790,338	(9,222,113)	8,035,099
Total Comprehensive (Loss) Income	$ (8,399,059)	$ 5,362,673	$ (14,603,357)	$ 11,331,220
(Losses) Earnings Per Share:
Basic and Diluted (Losses) Earnings per Share	$ (0.07)	$ 0.07	$ (0.25)	$ 0.15
Outstanding - Basic and Diluted	21,450,316	21,450,316	21,450,316	21,450,316

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash Flows from Operating Activities:
Net income	$ (5,381,244)	$ 3,296,121
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,873,536	10,928,502
Loss from disposal of property, plant and equipment	10,026	1,665,140
Allowance for bad debts	(11,444)	(78,562)
Share-based compensation expenses
Deferred tax	(1,629,706)	(2,034,373)
Changes in operating assets and liabilities:
Accounts receivable	572,184	3,928,087
Prepayments and other current assets	(3,528,818)	472,847
Inventories	3,562,834	(3,631,641)
Accounts payable	(354,689)	(561,121)
Advance from customers		(29,446)
Notes payable	(2,294,280)	3,680,693
Due to related parties	114,714	(36,807)
Accrued payroll and employee benefits	(35,419)	120,250
Other payables and accrued liabilities	437,532	(771,027)
Income taxes payable	(525,502)	(107,105)
Net Cash Provided by Operating Activities	1,809,724	16,841,558
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(1,812,280)	(7,628,798)
Proceeds from sale of property, plant and equipment		58,632
Net Cash Used in Investing Activities	(1,812,280)	(7,570,166)
Cash Flows from Financing Activities:
Proceeds from related party loans	4,588,559
Repayments of related party loans	(9,177,118)
Proceeds from short term bank loans	9,635,974	10,011,484
Repayment of bank loans	(4,282,655)	(5,152,970)
Proceeds from credit union loans		2,355,643
Payment of capital lease obligation		(8,973,845)
Net Cash Provided by (Used in) Financing Activities	764,760	(1,759,688)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(677,172)	525,526
Net Increase in Cash and Cash Equivalents	85,032	8,037,230
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	9,017,427	4,494,964
Cash, Cash Equivalents and Restricted Cash - End of Period	9,102,459	12,532,194
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost	1,409,695	1,359,343
Cash paid for income taxes	522,547	3,247,406
Cash and bank balances	5,468,315	6,505,284
Restricted cash	3,634,144	6,026,910
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 9,102,459	$ 12,532,194

Organization and Business Backg

Organization and Business Background	9 Months Ended
	Sep. 30, 2018
Organization and Business Background [Abstract]
Organization and Business Background	(1) Organization and Business Background IT Tech Packaging, Inc. (the Company) 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 Dongfang Paper Milling Company Limited (“Dongfang Paper”), 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.”. Effective on August 1, 2018, we changed our corporate name to IT Tech Packaging, Inc.. The name change was effected through a parent/subsidiary short-form merger of IT Tech Packaging, Inc., our wholly-owned Nevada subsidiary formed solely for the purpose of the name change, with and into us. We were the surviving entity. In connection with the name change, our common stock began being traded under a new NYSE symbol, “ITP,” and a new CUSIP number, 46527C100, at such time. 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 Dongfang Paper and such shares of Dongfang Paper were held in trust with Zhenyong Liu, Xiaodong Liu and Shuangxi Zhao, for Mr. Liu, Mr. Liu and Mr. Zhao (the original shareholders of Dongfang Paper) to exercise control over the disposition of Dongfang Holding’s shares in Dongfang Paper on Dongfang Holding’s behalf until Dongfang Holding successfully completed the change in registration of Dongfang Paper’s capital with the relevant PRC Administration of Industry and Commerce as the 100% owner of Dongfang Paper’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, Dongfang Paper, became an indirectly owned subsidiary of the Company. Dongfang Holding, as the 100% owner of Dongfang Paper, was unable to complete the registration of Dongfang Paper’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 Dongfang Paper to their original shareholders, and the original Dongfang Paper shareholders entered into certain agreements with Baoding Shengde Paper Co., Ltd. (“Baoding Shengde”) to transfer the control of Dongfang Paper over to Baoding 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 Baoding Shengde, a limited liability company organized under the laws of the PRC. Because Baoding 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 Dongfang Paper with certain PRC regulations, on June 24, 2009, the Company entered into a series of contractual agreements (the “Contractual Agreements”) with Dongfang Paper and Dongfang Paper Equity Owners via the Company’s wholly owned subsidiary Shengde Holdings Inc (“Shengde Holdings”) a Nevada corporation and Baoding Shengde Paper Co., Ltd. (“Baoding 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). Baoding 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 Baoding Shengde shall provide exclusive technical, business and management consulting services to Dongfang Paper, in exchange for service fees including a fee equivalent to 80% of Dongfang Paper’s total annual net profits; (ii) Loan Agreement, which provides that Baoding Shengde will make a loan in the aggregate principal amount of $10,000,000 to Dongfang Paper Equity Owners in exchange for each such shareholder agreeing to contribute all of its proceeds from the loan to the registered capital of Dongfang Paper; (iii) Call Option Agreement, which generally provides, among other things, that Dongfang Paper Equity Owners irrevocably grant to Baoding Shengde an option to purchase all or part of each owner’s equity interest in Dongfang Paper. The exercise price for the options shall be RMB1 which Baoding Shengde should pay to each of Dongfang Paper Equity Owner for all their equity interests in Dongfang Paper; (iv) Share Pledge Agreement, which provides that Dongfang Paper Equity Owners will pledge all of their equity interests in Dongfang Paper to Baoding Shengde as security for their obligations under the other agreements described in this section. Specifically, Baoding Shengde is entitled to dispose of the pledged equity interests in the event that Dongfang Paper Equity Owners breach their obligations under the Loan Agreement or Dongfang Paper fails to pay the service fees to Baoding Shengde pursuant to the Exclusive Technical Service and Business Consulting Agreement; and (v) Proxy Agreement, which provides that Dongfang Paper Equity Owners shall irrevocably entrust a designee of Baoding 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 Dongfang Paper or with respect to any equity owner action to be taken in accordance with the laws and Dongfang Paper’s Articles of Association. The terms of the agreement are binding on the parties for as long as Dongfang Paper Equity Owners continue to hold any equity interest in Dongfang Paper. An Dongfang Paper Equity Owner will cease to be a party to the agreement once it transfers its equity interests with the prior approval of Baoding Shengde. As the Company had controlled Dongfang Paper since July 16, 2007 through Dongfang Holding and the trust until June 24, 2009, and continues to control Dongfang Paper through Baoding Shengde and the Contractual Agreements, the execution of the Contractual Agreements is considered as a business combination under common control. On February 10, 2010, Baoding Shengde and the Dongfang Paper Equity Owners entered into a Termination of Loan Agreement to terminate the above-mentioned $10,000,000 Loan Agreement. Because of the Company’s decision to fund future business expansions through Baoding Shengde instead of Dongfang Paper, 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 Dongfang Paper and its businesses in the PRC. An agreement was also entered into among Baoding Shengde, Dongfang Paper and the Dongfang Paper Equity Owners on December 31, 2010, reiterating that Baoding Shengde is entitled to 100% of the distributable profit of Dongfang Paper, pursuant to the above mentioned Contractual Agreements. In addition, Dongfang Paper and the Dongfang Paper Equity Owners shall not declare any of Dongfang Paper’s unappropriated earnings as dividend, including the unappropriated earnings of Dongfang Paper from its establishment to 2010 and thereafter. The Company has no direct equity interest in Dongfang Paper. However, through the Contractual Agreements described above, the Company is found to be the primary beneficiary (the “Primary Beneficiary”) of Dongfang Paper and is deemed to have the effective control over Dongfang Paper’s activities that most significantly affect its economic performance, resulting in Dongfang Paper being treated as a controlled variable interest entity of the Company 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 Dongfang Paper for the three months ended September 30, 2018 and 2017 was accounted for 100%, of the Company’s total revenue. The revenue generated from Dongfang Paper for the nine months ended September 30, 2018 and 2017 was accounted for 99.98% and 100%, of the Company’s total revenue, respectively. Dongfang Paper also accounted for 88.42% and 87.96% of the total assets of the Company as of September 30, 2018 and December 31, 2017, respectively. As of September 30, 2018 and December 31, 2017, details of the Company’s subsidiaries and variable interest entities are as follows: Date of Incorporation Place of 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 Baoding Shengde June 1, 2009 PRC 100 % Paper production and distribution Variable interest entity (“VIE”): Dongfang Paper March 10, 1996 PRC Control * Paper production and distribution * Dongfang Paper 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 Dongfang Paper in the table below. The aggregate carrying value of Dongfang Paper’s assets and liabilities (after elimination of intercompany transactions and balances) in the Company’s condensed consolidated balance sheets as of September 30, 2018 and December 31, 2017 are as follows: September 30, December 31, 2018 2017 　 ASSETS Current Assets Cash and bank balances $ 5,390,465 $ 2,681,942 Restricted cash 3,634,144 6,121,637 Accounts receivable 1,218,291 1,843,682 Inventories 4,645,582 8,431,972 Prepayments and other current assets 4,032,878 646,598 Total current assets 18,921,360 19,725,831 Property, plant, and equipment, net 152,438,579 167,727,768 Deferred tax asset non-current 　6,287,598 　5,167,288 Total Assets $ 177,647,537 $ 192,620,887 LIABILITIES Current Liabilities Short-term bank loans $ 11,919,991 $ 7,192,923 Current portion of long-term loans from credit union 1,308,292 5,142,175 Accounts payable 64,410 422,705 Notes payable 3,634,144 6,121,637 Due to related parties 166,374 60,378 Accrued payroll and employee benefits 181,824 227,163 Other payables and accrued liabilities 1,064,763 836,309 Income taxes payable - 519,365 Total current liabilities 18,339,798 20,522,655 Loans from credit union 3,575,997 - Loans from a related party 5,814,630 10,712,865 Total liabilities $ 27,730,425 $ 31,235,520 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	9 Months Ended
	Sep. 30, 2018
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	(2) Basis of Presentation and Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q. Accordingly, certain information and notes required by the United States of America generally accepted accounting principles (“GAAP”) for annual financial statements are not included herein. These interim statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2017 of the Company, and its subsidiaries and variable interest entity (which we sometimes refer to collectively as “the Company”, “we”, “us” or “our”). Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of September 30, 2018 and the results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for any future period. Our unaudited condensed consolidated financial statements are prepared in accordance with GAAP. These accounting principles require us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that the estimates, judgments and assumptions are reasonable, based on information available at the time they are made. Actual results could differ materially from those estimates. Valuation of long-lived asset The Company reviews the carrying value of long-lived assets to be held and used when events and circumstances warrants such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset and intangible assets. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets and intangible assets to be disposed are determined in a similar manner, except that fair market values are reduced for the cost to dispose. Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It 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 September 30, 2018 and December 31, 2017, the carrying value of the Company’s short term financial instruments, such as cash and cash equivalents, accounts receivable, accounts and notes payable, short-term bank loans, balance due to a related party and obligation under capital lease, approximate at their fair values because of the short maturity of these instruments; while loans from credit union and loans from a related party 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 September 30, 2018 and December 31, 2017. Non-Recurring Fair Value Measurements The Company reviews long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate the possibility of impairment. For the continuing operations, long-lived assets are measured at fair value on a nonrecurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. For discontinued operations, long-lived assets are measured at the lower of carrying amount or fair value less cost to sell. The fair value of these assets were determined using models with significant unobservable inputs which were classified as Level 3 inputs, primarily the discounted future cash flow. Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees Liquidity and Going Concern As of September 30, 2018 the Company had current assets of $19,021,174 and current liabilities of $20,793,790 (including amounts due to related parties of $319,400), resulting in a working capital deficit of approximately $1,772,616; as of December 31, 2017, the Company had current assets of $19,986,797 and current liabilities of $21,757,533 (including amounts due to related parties of $60,378), resulting in a working capital deficit of approximately $1,770,736. In late January, 2018, the Company temporarily suspended its production due to a government-mandated restriction on the natural gas supply. The company resumed production on March 14, 2018. As a result, the Company incurred a net loss of $4.0 million in the first quarter of 2018. As the production resumed, the net cash generated from operations for the six months from April 2018 to September 2018 was $6.7 million (cash-in) as compared to the net cash-out of $4.8 million in the first quarter of 2018. The management expects that there will be sufficient and continuous cash-in from sales in the fourth quarter and the working capital condition will be further improved. In the meantime, we are also seeking to renew our long-term loans which fall due in short term. Our ability to continue as a going concern is dependent upon obtaining the necessary financing or negotiating the terms of the existing short-term and long term liabilities to meet our current and future liquidity needs.

Restricted Cash

Restricted Cash	9 Months Ended
	Sep. 30, 2018
Restricted Cash [Abstract]
Restricted Cash	(3) Restricted Cash Restricted cash of $3,634,144 as of September 30, 2018 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from the bank (see Note (9)). The restriction will be lifted upon the maturity of the notes payable on January 10, 2019. 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 the bank (see Note (9)). The restriction was lifted upon the maturity of the notes payable on January 5, 2018.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Inventories	(4) Inventories Raw materials inventory includes mainly recycled paper board and recycled white scrap paper. Finished goods include mainly products of corrugating medium paper, offset printing paper and tissue paper products. Inventories consisted of the following as of September 30, 2018 and December 31, 2017: September 30, December 31, 2018 2017 Raw Materials Recycled paper board $ 1,844,473 $ 6,337,374 Recycled white scrap paper 610,438 862,734 Coal & gas 104,490 71,674 Base paper and other raw materials 172,310 216,655 2,731,711 7,488,437 Finished Goods 1,931,342 985,728 Totals $ 4,663,053 $ 8,474,165

Prepayments and Other Current A

Prepayments and Other Current Assets	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017: September 30, December 31, 2018 2017 Prepaid land lease $ 47,971 $ 459,123 Prepayment for purchase of materials 3,962,957 183,649 Others 26,443 8,751 $ 4,037,371 $ 651,523

Property, Plant and Equipment,

Property, Plant and Equipment, Net	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, net	(6) Property, plant and equipment, net As of September 30, 2018 and December 31, 2017, property, plant and equipment consisted of the following: September 30, December 31, 2018 2017 Property, Plant, and Equipment: Land use rights $ 11,853,936 $ 12,479,814 Building and improvements 93,908,421 98,866,703 Machinery and equipment 112,865,579 118,670,578 Vehicles 596,094 593,265 Construction in progress 35,796,450 36,077,498 Totals 255,020,480 266,687,858 Less: accumulated depreciation and amortization (83,751,196 ) (77,299,149 ) Property, Plant and Equipment, net $ 171,269,284 $ 189,388,709 As of September 30, 2018 and December 31, 2017, land use rights represented two parcel of state-owned lands located in Xushui District of Hebei Province in China, with lease terms of 50 years expiring from 2061 to 2066. Construction in progress mainly represents payments for the new 15,000 tonnes per year tissue paper manufacturing equipment PM8, the tissue paper workshops and general infrastructure and administrative facilities in the Wei County Industrial Park. The tissue paper development project at the Wei County Industrial Park is expected to be completed in the fourth quarter of 2018. For the three months ended September 30, 2018 and 2017, the amount of interest capitalized are $nil. For the nine months ended September 30, 2018 and 2017, the amount of interest capitalized is $nil and $9,761, respectively. As of September 30, 2018 and December 31, 2017, certain property, plant and equipment of Dongfang Paper with net values of $6,214,258 and $7,963,285, respectively, have been pledged pursuant to a long-term loan from credit union of Dongfang Paper. Land use right of Dongfang Paper with net values of $6,011,133 and $6,437,419 as of September 30, 2018 and December 31, 2017 were pledged for the bank loan from Bank of Industrial & Commercial Bank of China. In addition, plant and equipment of Baoding Shengde with net values of $13,311,236 and $nil as of September 30, 2018 and December 31, 2017, respectively, and another land use right with net value of $4,734,031 and $nil as of September 30, 2018 and December 31, 2017 were pledged for the bank loan from Bank of Cangzhou. See ” Short-term bank loans Depreciation and amortization of property, plant and equipment was $3,462,703 and $3,729,002 for the three months ended September 30, 2018 and 2017, respectively. Depreciation and amortization of property, plant and equipment was $10,873,536 and $10,928,502 for the nine months ended September 30, 2018 and 2017, respectively.

Loans Payable

Loans Payable	9 Months Ended
	Sep. 30, 2018
Loans Payable [Abstract]
Loans Payable	(7) Loans Payable Short-term bank loans September 30, December 31, 2018 2017 Industrial and Commercial Bank of China (“ICBC”) Loan 1 (a) $ - $ 4,285,145 ICBC Loan 2 (b) 2,761,949 2,907,778 Bank of Cangzhou (c) 5,087,801 - ICBC Loan 3 (d) 4,070,241 - Total short-term bank loans $ 11,919,991 $ 7,192,923 (a) 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 was 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. (b) On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,761,949 and $2,907,778 as of September 30, 2018 and December 31, 2017, respectively. 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 was due and repaid on October 12, 2018. (c) On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou. The loan was withdrawn on January 4, 2018, with a balance of $5,087,801 as of September 30, 2018. 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 Baoding Shengde with its production equipment as collateral for the benefit of the bank. The loan will be due on January 3, 2019. (d) On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,070,241 as of September 30, 2018. 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 bears a fixed interest rate of 5.4% per annum. The loan will be due on February 9, 2019. As of September 30, 2018, there were guaranteed short-term borrowings of $11,919,991 and unsecured bank loans of $nil. As of December 31, 2017, there were guaranteed short-term borrowings of $7,192,923 and unsecured bank loans of $nil. The average short-term borrowing rates for the three months ended September 30, 2018 and 2017 were approximately 5.59% and 5.30%, respectively. The average short-term borrowing rates for the nine months ended September 30, 2018 and 2017 were approximately 5.58% and 5.28%, respectively. Long-term loans from credit union As of September 30, 2018 and December 31, 2017, loans payable to Rural Credit Union of Xushui District, amounted to $7,181,067 and $7,560,221, respectively. September 30, December 31, 2018 2017 Rural Credit Union of Xushui District Loan 1 $ 1,250,145 $ 1,316,152 Rural Credit Union of Xushui District Loan 2 3,634,144 3,826,022 Rural Credit Union of Xushui District Loan 3 2,296,778 2,418,047 Total 7,181,067 7,560,221 Less: Current portion of long-term loans from credit union (3,605,070 ) (6,366,502 ) Long-term loans from credit union $ 3,575,997 $ 1,193,719 As of September 30, 2018, the Company’s long-term debt repayments for the next five years were as follows: Amount Fiscal year Remainder of 2018 $ 2,442,144 2019 4,738,923 2020 - 2021 - 2022 - 2023 - Total 7,181,067 On April 16, 2014, the Company entered into a loan agreement with the Rural Credit Union of Xushui District 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 District in accordance with the terms on the agreement, the Company prepaid a portion of the loan in an amount of $181,707, of which $50,878 was paid ahead of its original repayment schedule. As of September 30, 2018 and December 31, 2017, total outstanding loan balance was $1,250,145 and $1,316,152, respectively, which is presented as current liabilities in the consolidated balance sheet. On July 15, 2013, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 5 years, which was originally due and payable in various installments from December 21, 2013 to July 26, 2018. On June 21, 2018, the loan was extended for additional 5 years and will be due and payable in various installments from December 21, 2018 to June 20, 2023. The loan is secured by certain of the Company’s manufacturing equipment with net book value of $6,214,258 and $7,963,285 as of September 30, 2018 and December 31, 2017, respectively. Interest payment is due quarterly and bears a fixed rate of 0.72% per month. As of September 30, 2018 and December 31, 2017, the total outstanding loan balance was $3,634,144 and $3,826,022, respectively. Out of the total outstanding loan balance, current portion amounted were $58,147 and $3,826,022 as of September 30, 2018 and December 31, 2017, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $3,575,997 and $nil are presented as non-current liabilities in the consolidated balance sheet as of September 30, 2018 and December 31, 2017, respectively. On April 20, 2017, the Company entered into a loan agreement with the Rural Credit Union of Xushui District 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 September 30, 2018 and December 31, 2017, the total outstanding loan balance was $2,296,778 and $2,418,047, respectively. Out of the total outstanding loan balance, current portion amounted were $2,296,778 and $1,224,328 as of September 30, 2018 and December 31, 2017, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $nil and $1,193,719 are presented as non-current liabilities in the consolidated balance sheet as of September 30, 2018 and December 31, 2017, respectively. Total interest expenses for the short-term bank loans and long-term loans for the three months ended September 30, 2018 and 2017 were $310,146 and $320,077, respectively. Total interest expenses for the short-term bank loans and long-term loans for the nine months ended September 30, 2018 and 2017 were $930,440 and $907,785, respectively.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	(8) Related Party Transactions The Company’s CEO has loaned money to Dongfang Paper for working capital purposes over a period of time. On January 1, 2013, Dongfang Paper 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 $372,622 and $392,296 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 September 30, 2018 and December 31, 2017, respectively. On December 10, 2014, Mr. Zhenyong Liu provided a loan to the Company, amounted to $8,721,944 to Dongfang Paper 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. In February 2018, the company repaid $3,059,039 to Mr. Zhenyong Liu. As of September 30, 2018 and December 31, 2017, the outstanding loan balance was $nil and $3,060,818, respectively and the accrued interest was $74,173 and $45,912, 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 Dongfang Paper to borrow from the CEO an amount up to $17,443,889 (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. In February 2018, the company repaid $1,529,520 to Mr. Zhenyong Liu. 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 September 30, 2018 and December 31, 2017, the outstanding loan balance were $5,814,630 and $7,652,047, respectively, and the accrued interest was $314,662 and $110,476, respectively, which was recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet. As of September 30, 2018 and December 31, 2017, total amount of loans due to Mr. Zhenyong Liu were $5,814,630 and $10,712,865, respectively. The interest expense incurred for such related party loans are $62,130 and $114,315 for the three months ended September 30, 2018 and 2017, respectively. The interest expenses incurred for such related party loans are $252,829 and $336,231 for the nine months ended September 30, 2018 and 2017, respectively. The accrued interest owe to the CEO was approximately $761,457 and $548,684, as of September 30, 2018 and December 31, 2017, respectively, which was recorded in other payables and accrued liabilities. As of September 30, 2018 and December 31, 2017, amount due to shareholder are $153,026 and $nil, respectively, which represents funds from shareholders to pay for various expenses incurred in the U.S. The amount is due on demand with interest free. Lease of Headquarters Compound Real Properties from a Related Party On August 7, 2013, the Company’s Audit Committee and the Board of Directors approved the sale of the land use right of the Headquarters Compound (the “LUR”), the office building and essentially all industrial-use buildings in the Headquarters Compound (the “Industrial Buildings”), and three employee dormitory buildings located within the Headquarters Compound (the “Dormitories”) to Hebei Fangsheng for cash prices of approximately $2.77 million, $1.15 million, and $4.31 million, respectively. 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 $152,952 (RMB1,000,000). The lease agreement expired in August 2016. On August 6, 2016 and August 6, 2018, the Company entered into two supplementary agreements with Hebei Fangsheng, who agreed to extend the lease term for another four years in total, with the same rental payment as original lease agreement.

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2018
Notes Payable [Abstract]
Notes payable	(9) Notes payable As of September 30, 2018, the Company had bank acceptance notes of $3,634,144 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 the bank as well as the restricted bank deposit of $3,634,144 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 will become due and payable on January 10, 2019. 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.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	9 Months Ended
	Sep. 30, 2018
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: September 30, December 31, 2018 2017 Accrued electricity $ 83,050 $ 2,862 Value-added tax payable 161,288 196,395 Accrued interest to a related party 761,457 548,684 Payable for purchase of equipment 47,099 49,585 Accrued commission to salesmen 9,622 16,992 Others 2,272 21,819 Totals $ 1,064,788 $ 836,337

Common Stock

Common Stock	9 Months Ended
	Sep. 30, 2018
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	9 Months Ended
	Sep. 30, 2018
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: Three Months Ended September 30, 2018 Number Weight average exercise price Outstanding and exercisable at beginning of the period 820,312 $ 1.71 Issued during the period - - Exercised during the period - - Cancelled or expired during the period - - Outstanding and exercisable at end of the period 820,312 $ 1.71 Range of exercise price $1.70 to $2.00 No warrants were issued, exercised, cancelled or expired during the nine months ended September 30, 2018. As of September 30, 2018, the aggregated intrinsic value of warrants outstanding and exercisable was $nil. No warrants were issued, exercised, cancelled or expired during the nine months ended September 30, 2017. As of December 31, 2017, the aggregated intrinsic value of warrants outstanding and exercisable was $nil.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	(13) Earnings Per Share For the three months ended September 30, 2018 and 2017, basic and diluted net income per share are calculated as follows: Three Months Ended September 30, 2018 2017 Basic (loss) income per share Net (loss) income for the period - numerator $ (1,404,962 ) $ 1,572,335 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Net (loss) income per share $ -0.07 $ 0.07 Diluted income per share Net income for the period- numerator $ (1,404,962 ) $ 1,572,335 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Effect of dilution - - Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Diluted (loss) income per share $ (0.07 ) $ 0.07 For the nine months ended September 30, 2018 and 2017, basic and diluted net income per share are calculated as follows: Nine Months Ended September 30, 2018 2017 Basic (loss) income per share Net (loss) income for the period - numerator $ (5,381,244 ) $ 3,296,121 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Net (loss) income per share $ (0.25 ) $ 0.15 Diluted (loss) income per share Net (loss) income for the period- numerator $ (5,381,244 ) $ 3,296,121 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Effect of dilution - - Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Diluted (loss) income per share $ (0.25 ) $ 0.15 For the three and nine months ended September 30, 2018 and 2017, 820,312 warrants shares were excluded from the calculations of dilutive net income per share as their effects would have been anti-dilutive since the average share price was lower than the warrants exercise price. For the three and nine months ended September 30, 2018, there were no securities with dilutive effect issued and outstanding.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Taxes [Abstract]
Income Taxes	(14) Income Taxes United States The Company 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 Dongfang Paper and Baoding Shengde are PRC operating companies and are subject to PRC Enterprise Income Tax. Pursuant to the PRC New Enterprise Income Tax Law, Enterprise Income Tax is generally imposed at a statutory rate of 25%. The provisions for income taxes for three months ended September 30, 2018 and 2017 were as follows: Three Months Ended September 30, 2018 2017 Provision for Income Taxes Current Tax Provision PRC $ (82 ) $ 1,211,668 Deferred Tax Provision PRC (538,149 ) (706,503 ) Total Provision for Income Taxes $ (538,231 ) $ 505,165 The provisions for income taxes for the nine months ended September 30, 2018 and 2017 were as follows: Nine Months Ended September 30, 2018 2017 Provision for Income Taxes Current Tax Provision PRC $ 3,484 $ 2,993,819 Deferred Tax Provision PRC (1,629,706 ) (1,887,891 ) Total Provision for Income Taxes $ (1,626,222 ) $ 1,105,928 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, the Company was incorporated in the United States and 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 believed 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 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: September 30, 2018 December 31, 2017 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 6,105,630 $ 5,123,762 Impairment of property, plant and equipment 440,080 440,080 Miscellaneous 702,113 712,517 Net operating loss carryover of PRC company 543,988 296,200 Total deferred tax assets 7,791,811 6,572,559 Less: Valuation allowance - - Total deferred tax assets, net $ 7,791,811 $ 6,572,559 The following table reconciles the statutory rates to the Company’s effective tax rate for: Three Months Ended 2018 2017 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction 0.0 (0.5 ) Effect of reconciling items in the PRC for tax purposes 2.7 0.3 Over provision in previous years 0.0 (2.4 ) Change in valuation allowance 0.0 1.9 Effective income tax rate 27.7 % 24.3 % Nine months ended 2018 2017 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction 0.0 (0.3 ) Effect of reconciling items in the PRC for tax purposes (1.8 ) 0.3 Over provision in previous years 0.0 (1.1 ) Change in valuation allowance 0.0 1.2 Effective income tax rate 23.2 % 25.1 % During the three months ended September 30, 2018 and 2017, the effective income tax rate was estimated by the Company to be 27.7% and 24.3%, respectively. During the nine months ended September 30, 2018 and 2017, the effective income tax rate was estimated by the Company to be 23.2% and 25.1%, respectively. 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 Baoding Shengde and the VIE, Dongfang Paper 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. 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	9 Months Ended
	Sep. 30, 2018
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 IT Tech Packaging, 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 IT Tech Packaging, 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 IT Tech Packaging, 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	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(16) Commitments and Contingencies Operating Lease The Company leases 32.95 acres of land from a local government in Xushui District, Baoding City, Hebei, China through a real estate lease with a 30-year term, which expires on December 31, 2031. The lease requires an annual rental payment of approximately $18,354 (RMB 120,000). This operating lease is renewable at the end of the 30-year term. On November 27, 2012, the company 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 $550,627 (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 the Company at an annual rental of $152,952 (RMB 1,000,000), for a total term of up to five years. Future minimum lease payments of all operating leases are as follows: September 30, Amount 2019 540,761 2020 540,761 2021 540,761 2022 540,761 2023 540,761 Thereafter 2,280,788 Total operating lease payments $ 4,984,591 Capital commitment As of September 30, 2018, 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 $11,232,149 and $11,227,896 as of September 30, 2018 and December 31, 2017, respectively. The Company expected to pay off all the balances within 1 year. Guarantees and Indemnities The Company agreed with Baoding Huanrun Trading Co., a major supplier of raw materials, to guarantee certain obligations of this third party, and as of September 30, 2018 and December 31, 2017, the Company guaranteed its long-term loan from financial institutions amounting to $8,140,481 (RMB56,000,000) and $8,570,292 (RMB56,000,000) that matured at various times in 2018-2023. If Huanrun Trading Co., were to become insolvent, the Company could be materially adversely affected.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Reporting	(17) Segment Reporting Since March 10, 2010, Baoding Shengde started its operations and thereafter the Company manages its operations through two business operating segments: Dongfang Paper, which produces offset printing paper and corrugating medium paper, and Baoding 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 District, Baoding City, Hebei Province, China. All sales were sold to customers located in the PRC. Summarized financial information for the two reportable segments is as follows: Three Months Ended September 30, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 26,723,863 $ (206 ) $ - $ - $ 26,723,657 Gross profit 1,259,143 200 - - 1,259,343 Depreciation and amortization 3,285,570 177,133 - - 3,462,703 Loss from disposal of property, plant and equipment (237 ) - - - (237 ) Interest income 5,155 67 - - 5,222 Interest expense 329,889 42,387 - - 372,276 Income tax expense(benefit) (483,685 ) (54,546 ) - - (538,231 ) Net income (loss) (1,312,465 ) (167,199 ) 74,702 - (1,404,962 ) Three Months Ended September 30, 2017 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 33,507,053 $ - $ - $ - $ 33,507,053 Gross profit 7,221,288 - - - 7,221,288 Depreciation and amortization 3,497,635 231,367 - - 3,729,002 Gain from disposal of property, plant and equipment (1,653,039 ) - - - (1,653,039 ) Interest income 3,548 1,955 - - 5,503 Interest expense 604,351 43,612 - - 647,963 Income tax expense(benefit) 579,232 (74,067 ) - - 505,165 Net income (loss) 1,916,821 (225,778 ) (118,708 ) - 1,572,335 Nine Months Ended September 30, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 61,747,219 $ 13,822 $ - $ - $ 61,761,041 Gross profit 3,582,830 (3,373 ) - - 3,579,457 Depreciation and amortization 10,315,762 557,774 - - 10,873,536 Loss from disposal of property, plant and equipment 10,026 - - - 10,026 Interest income 32,323 318 - - 32,641 Interest expense 1,050,837 132,432 - - 1,183,269 Income tax expense(benefit) (1,447,963 ) (178,259 ) - - (1,626,222 ) Net income (loss) (4,522,387 ) (541,885 ) (316,972 ) - (5,381,244 ) As of September 30, 2018 Dongfang Baoding Not Attributable to Elimination of Enterprise-wide, Paper Shengde Segments Inter-segment consolidated Total assets $ 177,647,537 23,235,074 23,813 - 200,906,424 Nine Months Ended September 30, 2017 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 81,584,395 $ - $ - $ - $ 81,584,395 Gross profit (loss) 16,339,874 - - - 16,339,874 Depreciation and amortization 10,247,936 680,566 - - 10,928,502 Gain from disposal of property, plant and equipment (1,665,140 ) - - - (1,665,140 ) Interest income 25,767 3,492 - - 29,259 Interest expense 1,953,379 70,198 - - 2,023,577 Income tax expense(benefit) 1,402,558 (296,630 ) - - 1,105,928 Net income (loss) 4,350,831 (516,705 ) (538,005 ) - 3,296,121 As of December 31, 2017 Dongfang Paper Baoding Shengde Not Attributable to Segments Elimination of Inter-segment Enterprise-wide, consolidated Total assets $ 192,620,887 26,363,435 5,159 - 218,989,481

Concentration and Major Custome

Concentration and Major Customers and Suppliers	9 Months Ended
	Sep. 30, 2018
Concentration and Major Customers and Suppliers [Abstract]
Concentration and Major Customers and Suppliers	(18) Concentration and Major Customers and Suppliers For the three and nine months ended September 30, 2018, the Company had no single customer contributed over 10% of total sales. For the three and nine months ended September 30, 2017, the Company had no single customer contributed over 10% of total sales. For the three months ended September 30, 2018, the Company had three major suppliers accounted for 86%, 7% and 3% of total purchases. For the three months ended September 30, 2017, the Company had three major suppliers accounted for 83%, 7% and 4% of total purchases. For the nine months ended September 30, 2018, the Company had ad three major suppliers accounted for 85%, 4% and 3% of the total purchases. For the nine months ended September 30, 2017, the Company had three major suppliers which primarily accounted for 66%, 11% and 6% of the total purchases.

Concentration of Credit Risk

Concentration of Credit Risk	9 Months Ended
	Sep. 30, 2018
Concentration of Credit Risk and 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 September 30, 2018 and December 31, 2017. 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$72,683) 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 September 30, 2018 and December 31, 2017, respectively, while for the cash placed in financial institutions in the PRC, the balances exceeding the maximum coverage of RMB500,000 amounted to RMB60,757,610 (US$8,832,075) as of September 30, 2018.

Risks and Uncertainties

Risks and Uncertainties	9 Months Ended
	Sep. 30, 2018
Concentration of Credit Risk and Risks and Uncertainties [Abstract]
Risks and Uncertainties	(20) Risks and Uncertainties The Company 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	9 Months Ended
	Sep. 30, 2018
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	(21) Recent Accounting Pronouncements 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.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2018
Subsequent Event [Abstract]
Subsequent Event	(23) Subsequent Event On October 11, 2018, the compensation committee granted an aggregate of 534,500 shares of common stock at $0.001 per share to fifteen officers, directors and employees of the Company, which were granted under the the 2015 Omnibus Equity Incentive Plan. Total fair value of the shares of common stock granted was caculated at $ 470,360 as of the date of issuance.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Basis of Presentation and Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of September 30, 2018 and the results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for any future period. Our unaudited condensed consolidated financial statements are prepared in accordance with GAAP. These accounting principles require us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that the estimates, judgments and assumptions are reasonable, based on information available at the time they are made. Actual results could differ materially from those estimates.
Valuation of long-lived asset	Valuation of long-lived asset The Company reviews the carrying value of long-lived assets to be held and used when events and circumstances warrants such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset and intangible assets. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets and intangible assets to be disposed are determined in a similar manner, except that fair market values are reduced for the cost to dispose.
Fair Value Measurements	Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It 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 September 30, 2018 and December 31, 2017, the carrying value of the Company’s short term financial instruments, such as cash and cash equivalents, accounts receivable, accounts and notes payable, short-term bank loans, balance due to a related party and obligation under capital lease, approximate at their fair values because of the short maturity of these instruments; while loans from credit union and loans from a related party 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 September 30, 2018 and December 31, 2017.
Non-Recurring Fair Value Measurements	Non-Recurring Fair Value Measurements The Company reviews long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate the possibility of impairment. For the continuing operations, long-lived assets are measured at fair value on a nonrecurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. For discontinued operations, long-lived assets are measured at the lower of carrying amount or fair value less cost to sell. The fair value of these assets were determined using models with significant unobservable inputs which were classified as Level 3 inputs, primarily the discounted future cash flow.
Share-Based Compensation	Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees
Liquidity and Going Concern	Liquidity and Going Concern As of September 30, 2018 the Company had current assets of $19,021,174 and current liabilities of $20,793,790 (including amounts due to related parties of $319,400), resulting in a working capital deficit of approximately $1,772,616; as of December 31, 2017, the Company had current assets of $19,986,797 and current liabilities of $21,757,533 (including amounts due to related parties of $60,378), resulting in a working capital deficit of approximately $1,770,736. In late January, 2018, the Company temporarily suspended its production due to a government-mandated restriction on the natural gas supply. The company resumed production on March 14, 2018. As a result, the Company incurred a net loss of $4.0 million in the first quarter of 2018. As the production resumed, the net cash generated from operations for the six months from April 2018 to September 2018 was $6.7 million (cash-in) as compared to the net cash-out of $4.8 million in the first quarter of 2018. The management expects that there will be sufficient and continuous cash-in from sales in the fourth quarter and the working capital condition will be further improved. In the meantime, we are also seeking to renew our long-term loans which fall due in short term. Our ability to continue as a going concern is dependent upon obtaining the necessary financing or negotiating the terms of the existing short-term and long term liabilities to meet our current and future liquidity needs.

Organization and Business Bac_2

Organization and Business Background (Tables)	9 Months Ended
	Sep. 30, 2018
Organization and Business Background [Abstract]
Schedule of subsidiaries and variable interest entities	Date of Incorporation Place of 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 Baoding Shengde June 1, 2009 PRC 100 % Paper production and distribution Variable interest entity (“VIE”): Dongfang Paper March 10, 1996 PRC Control * Paper production and distribution * Dongfang Paper is treated as a 100% controlled variable interest entity of the Company.
Schedule of aggregate financial information of assets and liabilities	September 30, December 31, 2018 2017 　 ASSETS Current Assets Cash and bank balances $ 5,390,465 $ 2,681,942 Restricted cash 3,634,144 6,121,637 Accounts receivable 1,218,291 1,843,682 Inventories 4,645,582 8,431,972 Prepayments and other current assets 4,032,878 646,598 Total current assets 18,921,360 19,725,831 Property, plant, and equipment, net 152,438,579 167,727,768 Deferred tax asset non-current 　6,287,598 　5,167,288 Total Assets $ 177,647,537 $ 192,620,887 LIABILITIES Current Liabilities Short-term bank loans $ 11,919,991 $ 7,192,923 Current portion of long-term loans from credit union 1,308,292 5,142,175 Accounts payable 64,410 422,705 Notes payable 3,634,144 6,121,637 Due to related parties 166,374 60,378 Accrued payroll and employee benefits 181,824 227,163 Other payables and accrued liabilities 1,064,763 836,309 Income taxes payable - 519,365 Total current liabilities 18,339,798 20,522,655 Loans from credit union 3,575,997 - Loans from a related party 5,814,630 10,712,865 Total liabilities $ 27,730,425 $ 31,235,520

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Schedule of inventories	September 30, December 31, 2018 2017 Raw Materials Recycled paper board $ 1,844,473 $ 6,337,374 Recycled white scrap paper 610,438 862,734 Coal & gas 104,490 71,674 Base paper and other raw materials 172,310 216,655 2,731,711 7,488,437 Finished Goods 1,931,342 985,728 Totals $ 4,663,053 $ 8,474,165

Prepayments and Other Current_2

Prepayments and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2018
Prepayments and Other Current Assets [Abstract]
Schedule of prepayments and other current assets	September 30, December 31, 2018 2017 Prepaid land lease $ 47,971 $ 459,123 Prepayment for purchase of materials 3,962,957 183,649 Others 26,443 8,751 $ 4,037,371 $ 651,523

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment, Net [Abstract]
Schedule of property, plant and equipment	September 30, December 31, 2018 2017 Property, Plant, and Equipment: Land use rights $ 11,853,936 $ 12,479,814 Building and improvements 93,908,421 98,866,703 Machinery and equipment 112,865,579 118,670,578 Vehicles 596,094 593,265 Construction in progress 35,796,450 36,077,498 Totals 255,020,480 266,687,858 Less: accumulated depreciation and amortization (83,751,196 ) (77,299,149 ) Property, Plant and Equipment, net $ 171,269,284 $ 189,388,709

Loans Payable (Tables)

Loans Payable (Tables)	9 Months Ended
	Sep. 30, 2018
Loans Payable [Abstract]
Schedule of short-term bank loans	September 30, December 31, 2018 2017 Industrial and Commercial Bank of China (“ICBC”) Loan 1 (a) $ - $ 4,285,145 ICBC Loan 2 (b) 2,761,949 2,907,778 Bank of Cangzhou (c) 5,087,801 - ICBC Loan 3 (d) 4,070,241 - Total short-term bank loans $ 11,919,991 $ 7,192,923 (a) 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 was 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. (b) On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,761,949 and $2,907,778 as of September 30, 2018 and December 31, 2017, respectively. 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 was due and repaid on October 12, 2018. (c) On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou. The loan was withdrawn on January 4, 2018, with a balance of $5,087,801 as of September 30, 2018. 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 Baoding Shengde with its production equipment as collateral for the benefit of the bank. The loan will be due on January 3, 2019. (d) On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,070,241 as of September 30, 2018. 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 bears a fixed interest rate of 5.4% per annum. The loan will be due on February 9, 2019.
Summary of loans payable	September 30, December 31, 2018 2017 Rural Credit Union of Xushui District Loan 1 $ 1,250,145 $ 1,316,152 Rural Credit Union of Xushui District Loan 2 3,634,144 3,826,022 Rural Credit Union of Xushui District Loan 3 2,296,778 2,418,047 Total 7,181,067 7,560,221 Less: Current portion of long-term loans from credit union (3,605,070 ) (6,366,502 ) Long-term loans from credit union $ 3,575,997 $ 1,193,719
Schedule of long-term debt repayments	Amount Fiscal year Remainder of 2018 $ 2,442,144 2019 4,738,923 2020 - 2021 - 2022 - 2023 - Total 7,181,067

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2018
Other Payables and Accrued Liabilities [Abstract]
Schedule of other payables and accrued liabilities	September 30, December 31, 2018 2017 Accrued electricity $ 83,050 $ 2,862 Value-added tax payable 161,288 196,395 Accrued interest to a related party 761,457 548,684 Payable for purchase of equipment 47,099 49,585 Accrued commission to salesmen 9,622 16,992 Others 2,272 21,819 Totals $ 1,064,788 $ 836,337

Stock Warrants (Tables)

Stock Warrants (Tables)	9 Months Ended
	Sep. 30, 2018
Stock Warrants [Line Items]
Summary of stock warrant activities	Three Months Ended September 30, 2018 Number Weight average exercise price Outstanding and exercisable at beginning of the period 820,312 $ 1.71 Issued during the period - - Exercised during the period - - Cancelled or expired during the period - - Outstanding and exercisable at end of the period 820,312 $ 1.71 Range of exercise price $1.70 to $2.00
Date of Issuance August 27, 2014 to September 2, 2019 [Member]
Stock Warrants [Line Items]
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)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	Three Months Ended September 30, 2018 2017 Basic (loss) income per share Net (loss) income for the period - numerator $ (1,404,962 ) $ 1,572,335 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Net (loss) income per share $ -0.07 $ 0.07 Diluted income per share Net income for the period- numerator $ (1,404,962 ) $ 1,572,335 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Effect of dilution - - Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Diluted (loss) income per share $ (0.07 ) $ 0.07 Nine Months Ended September 30, 2018 2017 Basic (loss) income per share Net (loss) income for the period - numerator $ (5,381,244 ) $ 3,296,121 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Net (loss) income per share $ (0.25 ) $ 0.15 Diluted (loss) income per share Net (loss) income for the period- numerator $ (5,381,244 ) $ 3,296,121 Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Effect of dilution - - Weighted average common stock outstanding - denominator 21,450,316 21,450,316 Diluted (loss) income per share $ (0.25 ) $ 0.15

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2018
Income Taxes [Abstract]
Schedule of provisions for income taxes	Three Months Ended September 30, 2018 2017 Provision for Income Taxes Current Tax Provision PRC $ (82 ) $ 1,211,668 Deferred Tax Provision PRC (538,149 ) (706,503 ) Total Provision for Income Taxes $ (538,231 ) $ 505,165 Nine Months Ended September 30, 2018 2017 Provision for Income Taxes Current Tax Provision PRC $ 3,484 $ 2,993,819 Deferred Tax Provision PRC (1,629,706 ) (1,887,891 ) Total Provision for Income Taxes $ (1,626,222 ) $ 1,105,928
Schedule of deferred tax	September 30, 2018 December 31, 2017 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 6,105,630 $ 5,123,762 Impairment of property, plant and equipment 440,080 440,080 Miscellaneous 702,113 712,517 Net operating loss carryover of PRC company 543,988 296,200 Total deferred tax assets 7,791,811 6,572,559 Less: Valuation allowance - - Total deferred tax assets, net $ 7,791,811 $ 6,572,559
Schedule of reconciles the statutory rates effective tax rates	Three Months Ended 2018 2017 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction 0.0 (0.5 ) Effect of reconciling items in the PRC for tax purposes 2.7 0.3 Over provision in previous years 0.0 (2.4 ) Change in valuation allowance 0.0 1.9 Effective income tax rate 27.7 % 24.3 % Nine months ended 2018 2017 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction 0.0 (0.3 ) Effect of reconciling items in the PRC for tax purposes (1.8 ) 0.3 Over provision in previous years 0.0 (1.1 ) Change in valuation allowance 0.0 1.2 Effective income tax rate 23.2 % 25.1 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies [Abstract]
Schedule of future minimum lease payments of all operating leases	September 30, Amount 2019 540,761 2020 540,761 2021 540,761 2022 540,761 2023 540,761 Thereafter 2,280,788 Total operating lease payments $ 4,984,591

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of financial information for the two reportable segments	Three Months Ended September 30, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 26,723,863 $ (206 ) $ - $ - $ 26,723,657 Gross profit 1,259,143 200 - - 1,259,343 Depreciation and amortization 3,285,570 177,133 - - 3,462,703 Loss from disposal of property, plant and equipment (237 ) - - - (237 ) Interest income 5,155 67 - - 5,222 Interest expense 329,889 42,387 - - 372,276 Income tax expense(benefit) (483,685 ) (54,546 ) - - (538,231 ) Net income (loss) (1,312,465 ) (167,199 ) 74,702 - (1,404,962 ) Three Months Ended September 30, 2017 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 33,507,053 $ - $ - $ - $ 33,507,053 Gross profit 7,221,288 - - - 7,221,288 Depreciation and amortization 3,497,635 231,367 - - 3,729,002 Gain from disposal of property, plant and equipment (1,653,039 ) - - - (1,653,039 ) Interest income 3,548 1,955 - - 5,503 Interest expense 604,351 43,612 - - 647,963 Income tax expense(benefit) 579,232 (74,067 ) - - 505,165 Net income (loss) 1,916,821 (225,778 ) (118,708 ) - 1,572,335 Nine Months Ended September 30, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 61,747,219 $ 13,822 $ - $ - $ 61,761,041 Gross profit 3,582,830 (3,373 ) - - 3,579,457 Depreciation and amortization 10,315,762 557,774 - - 10,873,536 Loss from disposal of property, plant and equipment 10,026 - - - 10,026 Interest income 32,323 318 - - 32,641 Interest expense 1,050,837 132,432 - - 1,183,269 Income tax expense(benefit) (1,447,963 ) (178,259 ) - - (1,626,222 ) Net income (loss) (4,522,387 ) (541,885 ) (316,972 ) - (5,381,244 ) As of September 30, 2018 Dongfang Baoding Not Attributable to Elimination of Enterprise-wide, Paper Shengde Segments Inter-segment consolidated Total assets $ 177,647,537 23,235,074 23,813 - 200,906,424 Nine Months Ended September 30, 2017 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 81,584,395 $ - $ - $ - $ 81,584,395 Gross profit (loss) 16,339,874 - - - 16,339,874 Depreciation and amortization 10,247,936 680,566 - - 10,928,502 Gain from disposal of property, plant and equipment (1,665,140 ) - - - (1,665,140 ) Interest income 25,767 3,492 - - 29,259 Interest expense 1,953,379 70,198 - - 2,023,577 Income tax expense(benefit) 1,402,558 (296,630 ) - - 1,105,928 Net income (loss) 4,350,831 (516,705 ) (538,005 ) - 3,296,121 As of December 31, 2017 Dongfang Paper Baoding Shengde Not Attributable to Segments Elimination of Inter-segment Enterprise-wide, consolidated Total assets $ 192,620,887 26,363,435 5,159 - 218,989,481

Organization and Business Bac_3

Organization and Business Background (Details)	9 Months Ended
	Sep. 30, 2018
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
Baoding 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
Dongfang Paper [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]	Dongfang Paper is treated as a 100% controlled variable interest entity of the Company.

Organization and Business Bac_4

Organization and Business Background (Details 1) - USD ($)	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash and bank balances	$ 9,102,459	$ 9,017,427	$ 12,532,194	$ 4,494,964
Restricted cash	3,634,144	6,121,637
Accounts receivable	1,218,291	1,843,682
Inventories	4,663,053	8,474,165
Prepayments and other current assets	4,037,371	651,523
Total current assets	19,021,174	19,986,797
Property, plant, and equipment, net	171,269,284	189,388,709
Deferred tax asset non-current	7,791,811	6,572,559
Total Assets	200,906,424	218,989,481
Current Liabilities
Short-term bank loans	11,919,991	7,192,923
Accounts payable	64,410	422,705
Notes payable	3,634,144	6,121,637
Due to related parties	319,400	60,378
Accrued payroll and employee benefits	185,987	231,247
Other payables and accrued liabilities	1,064,788	836,337
Income taxes payable		525,804
Total current liabilities	20,793,790	21,757,533
Loans from credit union	3,575,997	1,193,719
Loans from a related party	5,814,630	10,712,865
Total liabilities	30,184,417	33,664,117
Dongfang Paper [Member]
Current Assets
Cash and bank balances	5,390,465	2,681,942
Restricted cash	3,634,144	6,121,637
Accounts receivable	1,218,291	1,843,682
Inventories	4,645,582	8,431,972
Prepayments and other current assets	4,032,878	646,598
Total current assets	18,921,360	19,725,831
Property, plant, and equipment, net	152,438,579	167,727,768
Deferred tax asset non-current	6,287,598	5,167,288
Total Assets	177,647,537	192,620,887
Current Liabilities
Short-term bank loans	11,919,991	7,192,923
Current portion of long-term loans from credit union	1,308,292	5,142,175
Accounts payable	64,410	422,705
Notes payable	3,634,144	6,121,637
Due to related parties	166,374	60,378
Accrued payroll and employee benefits	181,824	227,163
Other payables and accrued liabilities	1,064,763	836,309
Income taxes payable		519,365
Total current liabilities	18,339,798	20,522,655
Loans from credit union	3,575,997
Loans from a related party	5,814,630	10,712,865
Total liabilities	$ 27,730,425	$ 31,235,520

Organization and Business Bac_5

Organization and Business Background (Details Textual)	1 Months Ended			3 Months Ended		9 Months Ended
	Feb. 10, 2010USD ($)¥ / shares	Jun. 24, 2009USD ($)	Oct. 29, 2007shares	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2010	Jun. 30, 2010USD ($)
Organization and Business Background (Textual)
Percentage of distributable profit of Dongfang Paper									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
Baoding Shengde [Member]
Organization and Business Background (Textual)
Percentage of ownership		100.00%
Registered capital		$ 10,000,000								$ 60,000,000
Loan agreement to terminate	$ 10,000,000
Dongfang Paper [Member]
Organization and Business Background (Textual)
Percentage of ownership						100.00%
Service fees percentage of annual net profits	80.00%
Percentage of distributable profit of Dongfang Paper				100.00%		100.00%
Aggregate principal amount		$ 10,000,000
Loan agreement to terminate	$ 10,000,000
Percentage of revenue				100.00%	100.00%	99.98%	100.00%
Percentage of assets accounted				88.42%		88.42%		87.96%
RMB [Member]
Organization and Business Background (Textual)
Exercise price for options | ¥ / shares	$ 1

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Basis of Presentation and Significant Accounting Policies (Textual)
Total current assets	$ 19,021,174		$ 19,021,174	$ 19,021,174		$ 19,986,797
Total current liabilities	20,793,790		20,793,790	20,793,790		21,757,533
Due to related parties	319,400		319,400	319,400		60,378
Working capital deficit	1,772,616		1,772,616	1,772,616		$ 1,770,736
Net cash generated from operations			$ 6,700,000
Net cash out	4,800,000
Net income (loss)	$ (1,404,962)	$ 1,572,335		$ (5,381,244)	$ 3,296,121

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Restricted Cash (Textual)
Restricted cash	$ 3,634,144	$ 6,121,637
Description of restricted cash notes payable maturity	The restriction will be lifted upon the maturity of the notes payable on January 10, 2019.	The restriction was lifted upon the maturity of the notes payable on January 5, 2018.

Inventories (Details)

Inventories (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Schedule of inventories
Raw materials	$ 2,731,711	$ 7,488,437
Finished Goods	1,931,342	985,728
Totals	4,663,053	8,474,165
Recycled paper board [Member]
Schedule of inventories
Raw materials	1,844,473	6,337,374
Recycled white scrap paper [Member]
Schedule of inventories
Raw materials	610,438	862,734
Coal & gas [Member]
Schedule of inventories
Raw materials	104,490	71,674
Base paper and other raw materials [Member]
Schedule of inventories
Raw materials	$ 172,310	$ 216,655

Prepayments and Other Current_3

Prepayments and Other Current Assets (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Summary of prepayments and other current assets
Prepaid land lease	$ 47,971	$ 459,123
Prepayment for purchase of materials	3,962,957	183,649
Others	26,443	8,751
Total prepayments and other current assets	$ 4,037,371	$ 651,523

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Schedule of property, plant and equipment
Totals	$ 255,020,480	$ 266,687,858
Less: accumulated depreciation and amortization	(83,751,196)	(77,299,149)
Property, Plant and Equipment, net	171,269,284	189,388,709
Land use rights [Member]
Schedule of property, plant and equipment
Totals	11,853,936	12,479,814
Building and improvements [Member]
Schedule of property, plant and equipment
Totals	93,908,421	98,866,703
Machinery and equipment [Member]
Schedule of property, plant and equipment
Totals	112,865,579	118,670,578
Vehicles [Member]
Schedule of property, plant and equipment
Totals	596,094	593,265
Construction in progress [Member]
Schedule of property, plant and equipment
Totals	$ 35,796,450	$ 36,077,498

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)T	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Property, Plant and Equipment, Net (Textual)
Production capacity of manufacturing equipment PM8 (per year) | T			15,000
Assets pledged for guarantee of Dongfang Paper capital lease	$ 6,214,258		$ 6,214,258		$ 7,963,285
Land use right net values pledged for sale-leaseback financing	6,011,133		6,011,133		6,437,419
Value of land use right pledged for bank loan	13,311,236		13,311,236
Depreciation and amortization	3,462,703	$ 3,729,002	10,873,536	$ 10,928,502
Amount of interest capitalized				$ 9,761
Land use rights [Member]
Property, Plant and Equipment, Net (Textual)
Term of lease			50 years		50 years
Lease expiration year			From 2061 to 2066.		From 2061 to 2066.
Value of land use right pledged for bank loan	$ 4,734,031		$ 4,734,031

Loans Payable (Details)

Loans Payable (Details) - USD ($)		Sep. 30, 2018	Dec. 31, 2017
Schedule of short-term bank loans
Total short-term bank loans		$ 11,919,991	$ 7,192,923
Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[1]		4,285,145
ICBC Loan 2 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[2]	2,761,949	2,907,778
Bank of Cangzhou [Member]
Schedule of short-term bank loans
Total short-term bank loans	[3]	5,087,801
ICBC Loan 3 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[4]	$ 4,070,241
[1]	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 was 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.
[2]	On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,761,949 and $2,907,778 as of September 30, 2018 and December 31, 2017, respectively. 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 was due and repaid on October 12, 2018.
[3]	On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou. The loan was withdrawn on January 4, 2018, with a balance of $5,087,801 as of September 30, 2018. 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 Baoding Shengde with its production equipment as collateral for the benefit of the bank. The loan will be due on January 3, 2019.
[4]	On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,070,241 as of September 30, 2018. 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 bears a fixed interest rate of 5.4% per annum. The loan will be due on February 9, 2019.

Loans Payable (Details 1)

Loans Payable (Details 1) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total	$ 7,181,067	$ 7,560,221
Less: Current portion of long-term loans from credit union	(3,605,070)	(6,366,502)
Long-term loans from credit union	3,575,997	1,193,719
Rural Credit Union of Xushui District Loan 1 [Member]
Debt Instrument [Line Items]
Total	1,250,145	1,316,152
Rural Credit Union of Xushui District Loan 2 [Member]
Debt Instrument [Line Items]
Total	3,634,144	3,826,022
Rural Credit Union of Xushui District Loan 3 [Member]
Debt Instrument [Line Items]
Total	$ 2,296,778	$ 2,418,047

Loans Payable (Details 2)

Loans Payable (Details 2)	Sep. 30, 2018USD ($)
Fiscal year
Remainder of 2018	$ 2,442,144
2,019	4,738,923
2,020
2,021
2,022
2,023
Total	$ 7,181,067

Loans Payable (Details Textual)

Loans Payable (Details Textual) - USD ($)

Jun. 21, 2018

Feb. 06, 2018

Jan. 03, 2018

Jan. 10, 2017

Apr. 16, 2014

Jul. 15, 2013

Oct. 18, 2017

Apr. 20, 2017

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Jan. 02, 2018

Dec. 31, 2017

Aug. 31, 2015

Loans Payable (Textual)

Unpaid balance of short term debt

$ 11,919,991

$ 11,919,991

$ 7,192,923

Unsecured bank loans

Long-term debt, Interest rate per month

0.60%

0.60%

Loan extension period

5 years

2 years

Installment repayment description

The Rural Credit Union of Xushui District 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

$ 3,605,070

$ 3,605,070

6,366,502

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

$ 310,146

$ 320,077

$ 930,440

$ 907,785

Average short-term borrowing rates

5.59%

5.25%

5.58%

5.27%

Loans from credit union

$ 7,181,067

$ 7,181,067

7,560,221

Value of land use right pledged for sale-leaseback financing

13,311,236

13,311,236

Assets pledged for guarantee of Dongfang Paper capital lease

6,214,258

6,214,258

7,963,285

Rural Credit Union of Xushui District [Member]

Loans Payable (Textual)

Total outstanding loan balance

2,296,778

2,296,778

2,418,047

Current portion of total outstanding loan

2,296,778

2,296,778

1,224,328

Loans from credit union

7,560,221

Non-current liabilities

1,193,719

Rural credit union of xushui District member1 [Member]

Loans Payable (Textual)

Total outstanding loan balance

58,147

58,147

3,826,022

Current portion of total outstanding loan

3,575,997

3,575,997

Long-term loan [Member] | Rural Credit Union of Xushui District [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 District for a term of 5 years, which is payable in various installments from June 21, 2014 to November 18, 2018.

Loan amount

$ 181,707

Original repayment of loan

$ 50,878

Total outstanding loan balance

$ 1,250,145

$ 1,250,145

1,316,152

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

Loans Payable (Textual)

Long-term debt, Interest rate per month

0.72%

0.72%

Loan extension period

5 years

Installment repayment description

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

Total outstanding loan balance

$ 3,634,144

$ 3,634,144

3,826,022

Security loan agreement by manufacturing equipment

6,214,258

6,214,258

7,963,285

ICBC Loan 1 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[1]

4,285,145

Short-term bank loans, bore interest rate

4.5675%

Loan, maturity date

Jan. 8, 2018

ICBC Loan 2 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[2]

2,761,949

2,761,949

2,907,778

Short-term bank loans, bore interest rate

4.945%

Loan, maturity date

Oct. 12, 2018

ICBC Loan 3 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[3]

4,070,241

4,070,241

Short-term bank loans, bore interest rate

5.40%

Loan, maturity date

Feb. 9, 2019

Bank of Cangzhou [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[4]

$ 5,087,801

$ 5,087,801

Short-term bank loans, bore interest rate

6.09%

Loan, maturity date

Jan. 3, 2019

[1]

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 was 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.

[2]

On October 18, 2017, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,761,949 and $2,907,778 as of September 30, 2018 and December 31, 2017, respectively. 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 was due and repaid on October 12, 2018.

[3]

On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,070,241 as of September 30, 2018. 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 bears a fixed interest rate of 5.4% per annum. The loan will be due on February 9, 2019.

[4]

On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou. The loan was withdrawn on January 4, 2018, with a balance of $5,087,801 as of September 30, 2018. 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 Baoding Shengde with its production equipment as collateral for the benefit of the bank. The loan will be due on January 3, 2019.

Related Party Transactions (Det

Related Party Transactions (Details)

Oct. 14, 2016USD ($)

Aug. 06, 2016

Mar. 01, 2015USD ($)

Dec. 10, 2014USD ($)

Aug. 07, 2013USD ($)Employee

Aug. 07, 2013CNY (¥)Employee

Feb. 28, 2018USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2017USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2017USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2017USD ($)

Jul. 13, 2015USD ($)

Mar. 01, 2015CNY (¥)

Jan. 01, 2013

Related Party Transactions (Textual)

Accrued interest

$ 314,662

$ 314,662

$ 548,684

Proceeds from shareholders loan

4,588,559

Accrued rental owned to Hebei Fangsheng

319,400

319,400

60,378

Repayment of related party loans

9,177,118

Due to shareholder

153,026

153,026

CEO [Member]

Related Party Transactions (Textual)

Loans payable to related party

$ 2,883,091

$ 17,443,889

$ 4,324,636

¥ 120,000,000

Term of loan

3 years

Outstanding loan balance

1,529,520

1,529,520

7,652,047

Loan matures date

Jul. 12, 2018

Accrued interest

761,457

761,457

110,476

Dongfang Paper [Member]

Related Party Transactions (Textual)

Lease term renewed

3 years

Hebei Fangsheng [Member]

Related Party Transactions (Textual)

Rental payment

$ 152,952

¥ 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

Lease term extend

4 years

Mr. Zhenyong Liu [Member]

Related Party Transactions (Textual)

Loan paid off

$ 288,596

$ 2,249,279

Loans payable to related party

5,814,630

5,814,630

10,712,865

Term of loan

3 years

Interest rate on loans

4.35%

Outstanding loan balance

3,060,818

Loan matures date

Jul. 12, 2021

Accrued interest

74,173

74,173

45,912

Loan from related parties, interest expense

62,130

$ 111,232

252,829

$ 336,231

Interest paid

$ 391,374

Repayment of related party loans

$ 3,059,039

$ 6,012,416

Lease term renewed

3 years

Mr. Zhenyong Liu [Member] | Dongfang Paper [Member]

Related Party Transactions (Textual)

Loans payable to related party

$ 8,721,944

Loan matures date

Dec. 10, 2017

Other payables and accrued liabilities

$ 372,622

$ 372,622

$ 392,296

Repayment of related party loans

$ 1,529,520

Notes Payable (Details)

Notes Payable (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Notes Payable (Textual)
Notes payable	$ 3,634,144	$ 6,121,637
Restricted cash	$ 3,634,144	$ 6,121,637
Bank of Cangzhou [Member]
Notes Payable (Textual)
Bank acceptance notes from bank, interest rate
Handling charges of bank acceptance notes percentage	0.05%	0.05%
Description of maturity of notes payable	The acceptance notes will become due and payable on January 10, 2019.	The acceptance notes were due and paid off in January 2018.

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Summary of other payables and accrued liabilities
Accrued electricity	$ 83,050	$ 2,862
Value-added tax payable	161,288	196,395
Accrued interest to a related party	314,662	548,684
Payable for purchase of equipment	47,099	49,585
Accrued commission to salesmen	9,622	16,992
Others	2,272	21,819
Totals	$ 1,064,788	$ 836,337

Common Stock (Details)

Common Stock (Details)	Jan. 12, 2016USD ($)Employee$ / sharesshares	Aug. 27, 2014$ / sharesshares	Dec. 31, 2013USD ($)$ / shares
Compensatory Incentive Plans [Member]
Common Stock (Textual)
Share price | $ / shares	$ 1.25
Shares of common stock under compensatory incentive plans	1,133,916
Number of officers | Employee	9
2012 Incentive Stock Plan [Member]
Common Stock (Textual)
Share price | $ / shares			$ 2.66
Shares of common stock under compensatory incentive plans	168,416
Total fair value of stock of grant | $			$ 790,020
2015 Omnibus Equity Incentive [Member]
Common Stock (Textual)
Share price | $ / shares	$ 1.25
Shares of common stock under compensatory incentive plans	965,500
Total fair value of stock of grant | $	$ 1,417,395
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)	9 Months Ended
	Sep. 30, 2018
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]	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Number
Outstanding and exercisable at beginning of the period | shares	820,312
Issued during the period | shares
Exercised during the period | shares
Cancelled or expired during the period | shares
Outstanding and exercisable at end of the period | shares	820,312
Weight average exercise price
Outstanding and exercisable at beginning of the period	$ 1.71
Issued during the period
Exercised during the period
Cancelled or expired during the period
Outstanding and exercisable at end of the period	1.71
Range of exercise price, lower range limit	1.70
Range of exercise price, upper range limit	$ 2

Stock Warrants (Details Textual

Stock Warrants (Details Textual) - Warrant [Member] - USD ($)	Aug. 27, 2014	Sep. 30, 2018	Dec. 31, 2017
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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Basic (loss) income per share
Net (loss) income for the period - numerator	$ (1,404,962)	$ 1,572,335	$ (5,381,244)	$ 3,296,121
Weighted average common stock outstanding - denominator	21,450,316	21,450,316	21,450,316	21,450,316
Net (loss) income per share	$ (0.07)	$ 0.07	$ (0.25)	$ 0.15
Diluted (loss) income per share
Net (loss) income for the period - numerator	$ (1,404,962)	$ 1,572,335	$ (5,381,244)	$ 3,296,121
Weighted average common stock outstanding - denominator	21,450,316	21,450,316	21,450,316	21,450,316
Effect of dilution
Weighted average common stock outstanding - denominator	21,450,316	21,450,316	21,450,316	21,450,316
Diluted (loss) income per share	$ (0.07)	$ 0.07	$ (0.25)	$ 0.15

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share (Textual)
Warrants shares are excluded from calculations of dilutive net income per share	820,312	820,312	820,312	820,312

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Provision for Income Taxes
Current Tax Provision PRC	$ (82)	$ 1,211,668	$ 3,484	$ 2,993,819
Deferred Tax Provision PRC	(538,149)	(706,503)	(1,629,706)	(2,034,373)
Total Provision for Income Taxes	$ (538,231)	$ 505,165	$ (1,626,222)	$ 1,105,928

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Deferred tax assets (liabilities)
Depreciation and amortization of property, plant and equipment	$ 6,105,630	$ 5,123,762
Impairment of property, plant and equipment	440,080	440,080
Miscellaneous	702,113	712,517
Net operating loss carryover of PRC company	543,988	296,200
Total deferred tax assets	7,791,811	6,572,559
Less: Valuation allowance
Total deferred tax assets, net	$ 7,791,811	$ 6,572,559

Income Taxes (Details 2)

Income Taxes (Details 2)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule of reconciliation of statutory rates to Company's effective tax rate
PRC Statutory rate	25.00%	25.00%	25.00%	25.00%
Effect of different tax jurisdiction	0.00%	(0.50%)	0.00%	(0.30%)
Effect of reconciling items in the PRC for tax purposes	2.70%	0.30%	(1.80%)	0.30%
Over provision in previous years	0.00%	(2.40%)	0.00%	(1.10%)
Change in valuation allowance	0.00%	1.90%	0.00%	1.20%
Effective income tax rate	27.70%	24.30%	23.20%	25.10%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Income Taxes (Textual)
Statutory tax rate	25.00%		25.00%	25.00%	25.00%
Effective income tax rate	27.70%		24.30%	23.20%	25.10%
Income tax, statute of limitations period				5 years
Income tax expense	$ (538,231)		$ 505,165	$ (1,626,222)	$ 1,105,928
Federal taxation cash provided						$ 6,528
Description of carry forwards expire				During the period of 2030 through 2035.
Minimum [Member]
Income Taxes (Textual)
Effective income tax rate				21.00%
Maximum [Member]
Income Taxes (Textual)
Effective income tax rate				35.00%
United States [Member]
Income Taxes (Textual)
Statutory tax rate				34.00%
State tax rates				0.00%
Income tax expense		$ 80,000
Additional income tax expense		80,000
PRC [Member]
Income Taxes (Textual)
Statutory tax rate				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
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		109,584	265,416
Share price		$ 3.45
Total fair value of stock of grant		$ 378,065
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
Share price			$ 2.66
Total fair value of stock of grant			$ 790,020
Restricted common shares granted			297,000
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
Un-restricted common shares	1,133,916
Share price	$ 1.25
Total fair value of stock of grant	$ 1,417,395

Commitments and Contingencies_2

Commitments and Contingencies (Details)	Sep. 30, 2018USD ($)
Schedule of future minimum lease payments of all operating leases
2,019	$ 540,761
2,020	540,761
2,021	540,761
2,022	540,761
2,023	540,761
Thereafter	2,280,788
Total operating lease payments	$ 4,984,591

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual)	1 Months Ended		9 Months Ended
	Nov. 27, 2012USD ($)a	Nov. 27, 2012CNY (¥)a	Sep. 30, 2018USD ($)a	Sep. 30, 2018CNY (¥)	Sep. 30, 2018CNY (¥)a	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)
Commitments and Contingencies (Textual)
Outstanding commitments for construction of equipment and facilities | $			$ 11,232,149			$ 11,227,896
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			$ 8,140,481		¥ 56,000,000	$ 8,570,292	¥ 56,000,000
Long-term loan maturity, description			The Company guaranteed its long-term loan from financial institutions amounting to $8,140,481 (RMB56,000,000) and $8,570,292 (RMB56,000,000) that matured at various times in 2018-2023.	The Company guaranteed its long-term loan from financial institutions amounting to $8,140,481 (RMB56,000,000) and $8,570,292 (RMB56,000,000) that matured at various times in 2018-2023.
Local government [Member]
Commitments and Contingencies (Textual)
Area of land			32.95		32.95
Lease expiration period			30 years	30 years
Lease expiration date			Dec. 31, 2031	Dec. 31, 2031
Operating lease annual rental payment			$ 18,354	¥ 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	$ 550,627	¥ 3,600,000
Hebei Fangsheng [Member]
Commitments and Contingencies (Textual)
Lease expiration period			5 years	5 years
Operating lease annual rental payment			$ 152,952	¥ 1,000,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Summarized financial information for reportable segments
Revenues	$ 26,723,657	$ 33,507,053	$ 61,761,041	$ 81,584,395
Gross profit (loss)	1,259,343	7,221,288	3,579,457	16,339,874
Depreciation and amortization	3,462,703	3,729,002	10,873,536	10,928,502
Gain Loss from disposal of property, plant and equipment	237	(1,653,039)	(10,026)	(1,665,140)
Interest income	5,222	5,503	32,641	29,259
Interest expense	372,276	647,963	1,183,269	2,023,577
Income tax expense(benefit)	(538,231)	505,165	(1,626,222)	1,105,928
Net income (loss)	(1,404,962)	1,572,335	(5,381,244)	3,296,121
Total assets	200,906,424		200,906,424		$ 218,989,481
Dongfang Paper [Member]
Summarized financial information for reportable segments
Revenues	26,723,863	33,507,053	61,747,219	81,584,395
Gross profit (loss)	1,259,143	7,221,288	3,582,830	16,339,874
Depreciation and amortization	3,285,570	3,497,635	10,315,762	10,247,936
Gain Loss from disposal of property, plant and equipment	(237)	(1,653,039)	10,026	(1,665,140)
Interest income	5,155	3,548	32,323	25,767
Interest expense	329,889	604,351	1,050,837	1,953,379
Income tax expense(benefit)	(483,685)	579,232	(1,447,963)	1,402,558
Net income (loss)	(1,312,465)	1,916,821	(4,522,387)	4,350,831
Total assets	177,647,537		177,647,537		192,620,887
Baoding Shengde [Member]
Summarized financial information for reportable segments
Revenues	(206)		13,822
Gross profit (loss)	200		(3,373)
Depreciation and amortization	177,133	231,367	557,774	680,566
Gain Loss from disposal of property, plant and equipment
Interest income	67	1,955	318	3,492
Interest expense	42,387	43,612	132,432	70,198
Income tax expense(benefit)	(54,546)	(74,067)	(178,259)	(296,630)
Net income (loss)	(167,199)	(225,778)	(541,885)	(516,705)
Total assets	23,235,074		23,235,074		26,363,435
Not Attributable to Segments [Member]
Summarized financial information for reportable segments
Revenues
Gross profit (loss)
Depreciation and amortization
Gain Loss from disposal of property, plant and equipment
Interest income
Interest expense
Income tax expense(benefit)
Net income (loss)	74,702	(118,708)	(316,972)	(538,005)
Total assets	23,813		23,813		5,159
Elimination of Inter-segment [Member]
Summarized financial information for reportable segments
Revenues
Gross profit (loss)
Depreciation and amortization
Gain Loss from 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	26,723,657	33,507,053	61,761,041	81,584,395
Gross profit (loss)	1,259,343	7,221,288	3,579,457	16,339,874
Depreciation and amortization	3,462,703	3,729,002	10,873,536	10,928,502
Gain Loss from disposal of property, plant and equipment	(237)	(1,653,039)	10,026	(1,665,140)
Interest income	5,222	5,503	32,641	29,259
Interest expense	372,276	647,963	1,183,269	2,023,577
Income tax expense(benefit)	(538,231)	505,165	(1,626,222)	1,105,928
Net income (loss)	(1,404,962)	$ 1,572,335	(5,381,244)	$ 3,296,121
Total assets	$ 200,906,424		$ 200,906,424		$ 218,989,481

Segment Reporting (Details Text

Segment Reporting (Details Textual)	9 Months Ended
	Sep. 30, 2018Segments
Segment Reporting (Textual)
Number of business operating segments	2
Number of reportable segment	2

Concentration and Major Custo_2

Concentration and Major Customers and Suppliers (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2018SupplierCustomer	Sep. 30, 2017SupplierCustomer	Sep. 30, 2018SupplierCustomer	Sep. 30, 2017SupplierCustomer
Concentration and Major Customers and Suppliers (Textual)
Number of major supplier | Supplier	3	3	3	3
Number of customer | Customer
Sales [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	10.00%	10.00%	10.00%	10.00%
Supplier One [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	86.00%	83.00%	85.00%	66.00%
Supplier Two [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	7.00%	7.00%	4.00%	11.00%
Supplier Three [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	3.00%	4.00%	3.00%	6.00%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	May 01, 2015USD ($)	May 01, 2015CNY (¥)	Sep. 30, 2018USD ($)	Sep. 30, 2018CNY (¥)
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation	$ 72,683	¥ 500,000	$ 8,832,075	¥ 60,757,610
Maximum coverage [Member]
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation				¥ 500,000

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member]	Oct. 11, 2018USD ($)$ / sharesshares
Subsequent Event (Textual)
Number of common stock shares granted | shares	534,500
Per share of common stock | $ / shares	$ 0.001
Fair value of the shares of common stock granted | $	$ 470,360