IT Tech Packaging (ITP) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 09, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	IT TECH PACKAGING, INC.
Entity Central Index Key	0001358190
Trading Symbol	ITP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		22,022,316

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and bank balances	$ 2,625,059	$ 8,474,809
Restricted cash		3,642,616
Accounts receivable (net of allowance for doubtful accounts of $49,173 and $58,707 as of March 31, 2019 and December 2018, respectively)	2,409,458	2,876,632
Inventories	4,156,848	2,923,516
Prepayments and other current assets	6,213,819	6,241,299
Total current assets	15,405,184	24,158,872
Property, plant, and equipment, net	167,245,378	167,829,716
Value-added tax recoverable	2,824,809	2,810,331
Deferred tax asset non-current	9,081,933	8,277,091
Total Assets	194,557,304	203,076,010
Current Liabilities
Short-term bank loans	6,683,003	11,802,075
Current portion of long-term loans from credit union	2,539,541	2,491,549
Accounts payable	1,647,286	629,054
Notes payable		3,642,616
Due to related parties	513,423	413,336
Accrued payroll and employee benefits	305,148	213,536
Other payables and accrued liabilities	8,723,322	10,222,796
Income taxes payable		219,305
Total current liabilities	20,411,723	29,634,267
Loans from credit union	4,796,911	4,706,259
Loans from a related party	2,227,668	2,185,569
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $24,815,967 and $34,008,908 as of March 31, 2019 and December 31, 2018, respectively)	27,436,302	36,526,095
Commitments and Contingencies
Stockholders' Equity
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 22,022,316 and 21,450,316 shares issued and outstanding as of March 31, 2019 and December 31,2018, respectively	22,360	22,360
Additional paid-in capital	51,137,319	51,137,319
Statutory earnings reserve	6,080,574	6,080,574
Accumulated other comprehensive income (loss)	29,728	(3,263,952)
Retained earnings	109,851,021	112,573,614
Total stockholders' equity	167,121,002	166,549,915
Total Liabilities and Stockholders' Equity	$ 194,557,304	$ 203,076,010

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 49,173	$ 58,707
Consolidated VIE, liabilities	$ 24,815,967	$ 34,008,908
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	22,022,316	21,450,316
Common stock, shares outstanding	22,022,316	21,450,316

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenues	$ 17,450,292	$ 1,888,194
Cost of sales	(17,642,758)	(2,583,502)
Gross Loss	(192,466)	(695,308)
Selling, general and administrative expenses	(2,981,473)	(3,813,794)
Loss from disposal of property, plant and equipment		(10,376)
Loss from Operations	(3,173,939)	(4,519,478)
Other Income (Expense):
Interest income	58,818	44,763
Subsidy income		253,281
Interest expense	(255,269)	(403,811)
Loss before Income Taxes	(3,370,390)	(4,625,245)
Provision for Income Taxes	647,795	538,969
Net Loss	(2,722,595)	(4,086,276)
Other Comprehensive Income
Foreign currency translation adjustment	3,293,680	7,375,558
Total Comprehensive Income	$ 571,085	$ 3,289,282
Losses Per Share:
Basic and Diluted Losses per Share	$ (0.12)	$ (0.19)
Outstanding - Basic and Diluted	22,022,316	21,450,316

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net income	$ (2,722,595)	$ (4,086,276)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,930,060	3,730,585
Loss from disposal and impairment of property, plant and equipment		10,376
Allowance for bad debts	(10,704)	(22,297)
Share-based compensation expenses
Deferred tax	(647,795)	(538,969)
Changes in operating assets and liabilities:
Accounts receivable	535,220	1,114,843
Prepayments and other current assets	187,711	(2,535,170)
Inventories	(1,181,371)	(202,692)
Accounts payable	1,009,834	(129,770)
Advance from customers
Notes payable	(3,726,504)	(2,374,507)
Due to related parties	37,265	39,575
Accrued payroll and employee benefits	87,823	66,867
Other payables and accrued liabilities	(326,741)	69,841
Income taxes payable	(224,355)
Net Cash Used in Operating Activities	(3,052,152)	(4,857,594)
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(1,415,761)	(707,162)
Net Cash Used in Investing Activities	(1,415,761)	(707,162)
Cash Flows from Financing Activities:
Proceeds from related party loans		4,749,015
Repayments of related party loans		(9,498,029)
Proceeds from short term bank loans	4,024,625	9,972,931
Repayment of bank loans	(9,390,791)	(4,432,414)
Net Cash (Used in) Provided by Financing Activities	(5,366,166)	791,503
Effect of Exchange Rate Changes on Cash and Cash Equivalents	341,713	471,899
Net Decrease in Cash and Cash Equivalents	(9,492,366)	(4,301,354)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	12,117,425	9,017,427
Cash, Cash Equivalents and Restricted Cash - End of Period	2,625,059	4,716,073
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost	230,953	787,353
Cash paid for income taxes	224,355
Cash and bank balances	2,625,059	740,309
Restricted cash		3,975,764
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 2,625,059	$ 4,716,073

Organization and Business Backg

Organization and Business Background	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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 March 31, 2019 and 2018 was accounted for 100%, of the Company's total revenue. Dongfang Paper also accounted for 90.25% and 90.6% of the total assets of the Company as of March 31, 2019 and December 31, 2018, respectively. As of March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018 are as follows: March 31, December 31, 2019 2018 ASSETS Current Assets Cash and bank balances $ 2,524,546 $ 8,328,980 Restricted cash - 3,642,616 Accounts receivable 2,409,458 2,876,632 Inventories 4,138,999 2,906,004 Prepayments and other current assets 6,193,652 6,219,395 Total current assets 15,266,655 23,973,627 Property, plant, and equipment, net 152,851,255 153,302,061 Deferred tax asset non-current 7,460,699 6,711,412 Total Assets $ 175,578,609 $ 183,987,100 LIABILITIES Current Liabilities Short-term bank loans $ 6,683,003 $ 11,802,075 Current portion of long-term loans from credit union 193,065 189,416 Accounts payable 1,647,286 629,054 Notes payable - 3,642,616 Due to related parties 244,230 203,188 Accrued payroll and employee benefits 300,510 208,660 Other payables and accrued liabilities 8,723,294 10,222,766 Income taxes payable - 219,305 Total current liabilities 17,791,388 27,117,080 Loans from credit union 4,796,911 4,706,259 Loans from a related party 2,227,668 2,185,569 Total liabilities $ 24,815,967 $ 34,008,908 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	3 Months Ended
	Mar. 31, 2019
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, 2018 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 March 31, 2019 and the results of operations for the three months ended March 31, 2019 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 March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018. 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 March 31, 2019 the Company had current assets of $15,405,184 and current liabilities of $20,411,723 (including amounts due to related parties of $513,423 and interest payable for related party loans of $653,574), resulting in a working capital deficit of approximately $5,006,539; as of December 31, 2018, the Company had current assets of $24,158,872 and current liabilities of $29,634,267 (including amounts due to related parties of $1,030,790), resulting in a working capital deficit of approximately $5,475,395. In December 2018, the Company announced commercial launch of the new 25,000 tonnes per year tissue paper manufacturing equipment PM8. Following the successful trial production, 1603 tons of tissue paper products were produced and sold in the first quarter of 2019. With the new capacity and increasing sales of paper products, the management expects that, there will be sufficient and continuous cash generated from operations and the working capital condition will be substantially improved.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Restricted Cash	(3) Restricted Cash Restricted cash was nil as of March 31, 2019. Restricted cash of $3,642,616 as of December 31, 2018 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from these banks (see Note (9)). The restriction has been lifted upon the maturity of the notes payable on January 10, 2019.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [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 March 31, 2019 and December 31, 2018: March 31, December 31, 2019 2018 Raw Materials Recycled paper board $ 1,423,675 $ 412,317 Recycled white scrap paper 623,646 611,861 Coal & gas 170,801 167,230 Base paper and other raw materials 363,193 164,295 2,581,315 1,355,703 Semi-finished Goods 185,498 - Finished Goods 1,390,035 1,567,813 Totals $ 4,156,848 $ 2,923,516

Prepayments and Other Current A

Prepayments and Other Current Assets	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments and other current assets	(5) Prepayments and other current assets Prepayments and other current assets consisted of the following as of March 31, 2019 and December 31, 2018: March 31, December 31, 2019 2018 Prepaid land lease $ 307,418 $ 437,114 Value-added tax recoverable 5,871,234 5,760,280 Others 35,167 43,905 $ 6,213,819 $ 6,241,299

Property, Plant and Equipment,

Property, Plant and Equipment, Net	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	(6) Property, plant and equipment, net As of March 31, 2019 and December 31, 2018, property, plant and equipment consisted of the following: March 31, December 31, 2019 2018 Property, Plant, and Equipment: Land use rights $ 12,110,433 $ 11,881,571 Building and improvements 95,940,419 94,127,348 Machinery and equipment 162,789,664 159,651,736 Vehicles 608,993 597,484 Construction in progress 5,137,243 5,005,041 Totals 276,586,752 271,263,180 Less: accumulated depreciation and amortization (109,341,374 ) (103,433,464 ) Property, Plant and Equipment, net $ 167,245,378 $ 167,829,716 As of March 31, 2019 and December 31, 2018, 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 improvement of the office building and essentially all industrial-use buildings in the Headquarters Compound(the "Industrial Buildings"). As of March 31, 2019 and December 31, 2018, certain property, plant and equipment of Dongfang Paper with net values of $5,439,796 and $5,782,640, 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 $6,070,749 and $5,990,586 as of March 31, 2019 and December 31, 2018 were pledged for the bank loan from Bank of Industrial & Commercial Bank of China. Plant and equipment of Baoding Shengde with net values of $12,939,899 as of December 31, 2018, and another land use right with net value of $4,762,300 as of December 31, 2018 were pledged for the bank loan from Bank of Cangzhou. See " Short-term bank loans Depreciation and amortization of property, plant and equipment was $3,930,060 and $3,730,585 for the three months ended March 31, 2019 and 2018, respectively.

Loans Payable

Loans Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Loans Payable	(7) Loans Payable Short-term bank loans March 31, December 31, 2019 2018 Industrial and Commercial Bank of China ("ICBC") Loan 1 (a) $ - $ 4,079,730 Bank of Cangzhou (b) - 5,099,662 ICBC Loan 2 (c) 2,673,201 2,622,683 ICBC Loan 3 (d) 4,009,802 - Total short-term bank loans $ 6,683,003 $ 11,802,075 (a) On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,079,730 as of December 31, 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 was due and repaid on January 28, 2019. (b) On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou, with a balance of $5,099,662 as of December 31, 2018. The loan bore a fixed interest rate of 6.09% per annum. The working capital loan was 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 was due and repaid on January 3, 2019. (c) On November 22, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,673,201 and $2,622,683 as of March 31, 2019 and December 31, 2018, repectively. 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 4.741% per annum. The loan will be due on November 26, 2019. (d) On January 28, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,009,802 as of March 31, 2019. 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 4.785% per annum. The loan will due and repaid on January 30, 2020. As of March 31, 2019, there were guaranteed short-term borrowings of $6,683,003 and unsecured bank loans of $nil. As of December 31, 2018, there were guaranteed short-term borrowings of $11,802,075 and unsecured bank loans of $nil. The average short-term borrowing rates for the three months ended March 31, 2019 and 2018 were approximately 4.76% and 5.57%, respectively. Long-term loans from credit union As of March 31, 2019 and December 31, 2018, loans payable to Rural Credit Union of Xushui District, amounted to $7,336,452 and $7,197,808, respectively. March 31, December 31, 2019 2018 Rural Credit Union of Xushui District Loan 1 $ 1,277,196 $ 1,253,060 Rural Credit Union of Xushui District Loan 2 3,712,779 3,642,615 Rural Credit Union of Xushui District Loan 3 2,346,477 2,302,133 Total 7,336,452 7,197,808 Less: Current portion of long-term loans from credit union (2,539,541 ) (2,491,549 ) Long-term loans from credit union $ 4,796,911 $ 4,706,259 As of March 31, 2019, the Company's long-term debt repayments for the next five years were as follows: Amount Fiscal year Remainder of 2019 $ 2,539,541 2020 133,660 2021 207,916 2022 1,633,623 2023 2,821,712 Total 7,336,452 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 0.64% per month. On November 6, 2018, the loan was renewed for additional 5 years and will be due and payable in various installments from December 21, 2018 to November 5, 2023. As of March 31, 2019 and December 31, 2018, total outstanding loan balance was $1,277,196 and $1,253,060, respectively, Out of the total outstanding loan balance, current portion amounted were $89,107 and $87,423 as of March 31, 2019 and December 31, 2018, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $1,188,089 and $1,165,637 are presented as non-current liabilities in the consolidated balance sheet as of March 31, 2019 and December 31, 2018, respectively. 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 $5,439,796 and $5,782,640 as of March 31, 2019 and December 31, 2018, respectively. Interest payment is due quarterly and bears a fixed rate of 0.64% per month. As of March 31, 2019 and December 31, 2018, the total outstanding loan balance was $3,712,779 and $3,642,615, respectively. Out of the total outstanding loan balance, current portion amounted were $103,958 and $101,993 as of March 31, 2019 and December 31, 2018, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $3,608,822 and $3,540,622 are presented as non-current liabilities in the consolidated balance sheet as of March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018, the total outstanding loan balance was $2,346,476 and $2,302,133, respectively, which are presented as current liabilities in the consolidated balance sheet as of March 31, 2019 and December 31, 2018, respectively. Total interest expenses for the short-term bank loans and long-term loans for the three months ended March 31, 2019 and 2018 were $230,953 and $291,339, respectively.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	(8) Related Party Transactions Mr. Zhenyong Liu, 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 $380,685 and $373,490 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 March 31, 2019 and December 31, 2018, respectively. On December 10, 2014, Mr. Zhenyong Liu provided a loan to the Company, amounted to $8,910,671 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 paid off the remaining balance, together with interest of $20,400. As of March 31, 2019 and December 31, 2018, approximately $44,553 and $43,711 of interest were outstanding to Mr. Zhenyong Liu, 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 $17,821,341 (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 $1,507,432 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. On November 23, 2018, the company repaid $3,768,579 to Mr. Zhenyong Liu, together with interest of $158,651. As of March 31, 2019 and December 31, 2018, the outstanding loan balance were $2,227,668 and $2,185,569, respectively, and the accrued interest was $228,336 and $200,253, respectively, which was recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet. As of March 31, 2019 and December 31, 2018, total amount of loans due to Mr. Zhenyong Liu were $2,227,668 and $2,185,569, respectively. The interest expense incurred for such related party loans are $24,316 and $112,472 for the three months ended March 31, 2019 and 2018, respectively. The accrued interest owe to the CEO was approximately $653,574 and $617,454, as of March 31, 2019 and December 31, 2018, respectively, which was recorded in other payables and accrued liabilities. As of March 31, 2019 and December 31, 2018, amount due to shareholder are $269,193 and $210,148, 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 $149,060 (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	3 Months Ended
	Mar. 31, 2019
Notes Payable [Abstract]
Notes payable	(9) Notes payable Notes payable was nil as of March 31, 2019. As of December 31, 2018, the Company had bank acceptance notes of $3,642,616 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 $3,642,616 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 2019.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Other payables and accrued liabilities	(10) Other payables and accrued liabilities Other payables and accrued liabilities consist of the following: March 31, December 31, 2019 2018 Accrued electricity $ 198,734 $ 186,780 Value-added tax payable 191,076 520,190 Accrued interest to a related party 653,574 617,454 Payable for purchase of equipment 7,646,197 8,788,924 Accrued commission to salesmen 12,781 62,247 Others 20,960 47,201 Totals $ 8,723,322 $ 10,222,796

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2019
Equity [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. On September 13, 2018, the compensation committee granted an aggregate of 534,500 shares of common stock at $0.88 per share to fifteen officers, directors and employees of the Company, which were granted under the 2015 Omnibus Equity Incentive Plan. Total fair value of the shares of common stock granted was calculated at $470,360 as of the date of issuance.

Stock Warrants

Stock Warrants	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 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 three months ended March 31, 2019. As of March 31, 2019, the aggregated intrinsic value of warrants outstanding and exercisable was $nil. No warrants were issued, exercised, cancelled or expired during the three months ended March 31, 2018. As of December 31, 2018, the aggregated intrinsic value of warrants outstanding and exercisable was $nil.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	(13) Earnings Per Share For the three months ended March 31, 2019 and 2018, basic and diluted net income per share are calculated as follows: Three Months Ended 2019 2018 Basic loss per share Net loss for the period - numerator $ (2,722,595 ) $ (4,086,276 ) Weighted average common stock outstanding - denominator 22,022,316 21,450,316 Net loss per share $ (0.12 ) $ (0.19 ) Diluted income per share Net income for the period - numerator $ (2,722,595 ) $ (4,086,276 ) Weighted average common stock outstanding - denominator 22,022,316 21,450,316 Effect of dilution - - Weighted average common stock outstanding - denominator 22,022,316 21,450,316 Diluted loss per share $ (0.12 ) $ (0.19 ) For the three months ended March 31, 2019 and 2018, 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 months ended March 31, 2019, there were no securities with dilutive effect issued and outstanding.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [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 March 31, 2019 and 2018 were as follows: Three Months Ended March 31, 2019 2018 Provision for Income Taxes Current Tax Provision PRC $ - $ - Deferred Tax Provision PRC (647,795 ) (538,969 ) Total Provision for (Deferred tax benefit)/ Income Taxes $ (647,795 ) $ (538,969 ) 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, 2018 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: March 31, December 31, 2018 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 7,683,378 $ 7,097,828 Impairment of property, plant and equipment 552,946 546,531 Miscellaneous 367,819 289,799 Net operating loss carryover of PRC company 477,790 342,933 Total deferred tax assets 9,081,933 8,277,091 Less: Valuation allowance - - Total deferred tax assets, net $ 9,081,933 $ 8,277,091 The following table reconciles the statutory rates to the Company’s effective tax rate for: Three Months Ended March 31, 2019 2018 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction - - Effect of reconciling items in the PRC for tax purposes 2.2 (13.3 ) Change in valuation allowance (28.0 ) - Effective income tax rate 19.2 % 11.7 % During the three months ended March 31, 2019 and 2018, the effective income tax rate was estimated by the Company to be 19.2% and 11.7%, 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, 2018 and 2017, 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, 2018 and 2017, 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	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [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. On September 13, 2018, the compensation committee granted an aggregate of 534,500 shares of common stock to fifteen officers, directors and employees of the Company, which were granted under the 2015 Omnibus Equity Incentive Plan. Total fair value of the shares of common stock granted was calculated at $470,360 as of the date of issuance at $0.88 per share.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [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 $17,887 (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 $536,617 (RMB 3,600,000). 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 $149,060 (RMB 1,000,000), for a total term of up to five years. Future minimum lease payments of all operating leases are as follows: March 31, Amount 2020 552,462 2021 552,462 2022 552,462 2023 552,462 2024 552,462 Thereafter 1,786,589 Total operating lease payments $ 4,548,897 Capital commitment As of March 31, 2019, the Company has signed several contracts for improvement of Industrial Buildings. Total outstanding commitments under these contracts were $2,378,958 and $2,300,187 as of March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018, the Company guaranteed its long-term loan from financial institutions amounting to $4,603,846 (RMB31,000,000) 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	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 17,450,292 $ - $ - $ - $ 17,450,292 Gross profit (192,466 ) - - - (192,466 ) Depreciation and amortization 3,930,054 6 - - 3,930,060 Interest income 58,727 91 - - 58,818 Interest expense 212,876 42,393 - - 255,269 Income tax expense(benefit) (622,304 ) (25,491 ) - - (647,795 ) Net income (loss) (2,440,828 ) (38,807 ) (242,960 ) - (2,722,595 ) Three Months Ended March 31, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 1,888,194 $ - $ - $ - $ 1,888,194 Gross profit (695,308 ) - - - (695,308 ) Depreciation and amortization 3,538,159 192,426 - - 3,730,585 Loss from disposal of property, plant and equipment 10,376 - - - 10,376 Interest income 44,615 148 - - 44,763 Interest expense 358,790 45,021 - - 403,811 Income tax expense(benefit) (472,636 ) (66,333 ) - - (538,969 ) Net income (loss) (3,550,390 ) (198,724 ) (337,162 ) - (4,086,276 ) As of March 31, 2019 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Total assets $ 175,578,609 18,950,298 28,397 - 194,557,304 As of December 31, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Total assets $ 183,987,100 19,068,788 20,122 - 203,076,010

Concentration and Major Custome

Concentration and Major Customers and Suppliers	3 Months Ended
	Mar. 31, 2019
Concentration and Major Customers and Suppliers [Abstract]
Concentration and Major Customers and Suppliers	(18) Concentration and Major Customers and Suppliers For the three months ended March 31, 2019, the Company had no single customer contributed over 10% of total sales. For the three months ended March 31, 2018, the Company had no single customer contributed over 10% of total sales. For the three months ended March 31, 2019, the Company had three major suppliers accounted for 80%, 9% and 4% of total purchases. For the three months ended March 31, 2018, the Company had three major suppliers accounted for 41%, 20% and 10% of total purchases.

Concentration of Credit Risk

Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and December 31, 2018. 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$74,256) per depositor per insured financial intuition, including both principal and interest. For the cash placed in financial institutions in the United States, the Company’s U.S. bank accounts are all fully covered by the FDIC insurance as of March 31, 2019 and December 31, 2018, respectively, while for the cash placed in financial institutions in the PRC, the balances exceeding the maximum coverage of RMB500,000 amounted to RMB16,224,788 (US$ 2,409,562) as of March 31, 2019.

Risks and Uncertainties

Risks and Uncertainties	3 Months Ended
	Mar. 31, 2019
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	3 Months Ended
	Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	(21) Recent Accounting Pronouncements 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	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Event	(22) Subsequent Event

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of March 31, 2019 and the results of operations for the three months ended March 31, 2019 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 March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018.
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 March 31, 2019 the Company had current assets of $15,405,184 and current liabilities of $20,411,723 (including amounts due to related parties of $513,423 and interest payable for related party loans of $653,574), resulting in a working capital deficit of approximately $5,006,539; as of December 31, 2018, the Company had current assets of $24,158,872 and current liabilities of $29,634,267 (including amounts due to related parties of $1,030,790), resulting in a working capital deficit of approximately $5,475,395. In December 2018, the Company announced commercial launch of the new 25,000 tonnes per year tissue paper manufacturing equipment PM8. Following the successful trial production, 1603 tons of tissue paper products were produced and sold in the first quarter of 2019. With the new capacity and increasing sales of paper products, the management expects that, there will be sufficient and continuous cash generated from operations and the working capital condition will be substantially improved.

Organization and Business Bac_2

Organization and Business Background (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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	March 31, December 31, 2019 2018 ASSETS Current Assets Cash and bank balances $ 2,524,546 $ 8,328,980 Restricted cash - 3,642,616 Accounts receivable 2,409,458 2,876,632 Inventories 4,138,999 2,906,004 Prepayments and other current assets 6,193,652 6,219,395 Total current assets 15,266,655 23,973,627 Property, plant, and equipment, net 152,851,255 153,302,061 Deferred tax asset non-current 7,460,699 6,711,412 Total Assets $ 175,578,609 $ 183,987,100 LIABILITIES Current Liabilities Short-term bank loans $ 6,683,003 $ 11,802,075 Current portion of long-term loans from credit union 193,065 189,416 Accounts payable 1,647,286 629,054 Notes payable - 3,642,616 Due to related parties 244,230 203,188 Accrued payroll and employee benefits 300,510 208,660 Other payables and accrued liabilities 8,723,294 10,222,766 Income taxes payable - 219,305 Total current liabilities 17,791,388 27,117,080 Loans from credit union 4,796,911 4,706,259 Loans from a related party 2,227,668 2,185,569 Total liabilities $ 24,815,967 $ 34,008,908

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of inventories	March 31, December 31, 2019 2018 Raw Materials Recycled paper board $ 1,423,675 $ 412,317 Recycled white scrap paper 623,646 611,861 Coal & gas 170,801 167,230 Base paper and other raw materials 363,193 164,295 2,581,315 1,355,703 Semi-finished Goods 185,498 - Finished Goods 1,390,035 1,567,813 Totals $ 4,156,848 $ 2,923,516

Prepayments and Other Current_2

Prepayments and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepayments and other current assets	March 31, December 31, 2019 2018 Prepaid land lease $ 307,418 $ 437,114 Value-added tax recoverable 5,871,234 5,760,280 Others 35,167 43,905 $ 6,213,819 $ 6,241,299

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of property plant and equipment	March 31, December 31, 2019 2018 Property, Plant, and Equipment: Land use rights $ 12,110,433 $ 11,881,571 Building and improvements 95,940,419 94,127,348 Machinery and equipment 162,789,664 159,651,736 Vehicles 608,993 597,484 Construction in progress 5,137,243 5,005,041 Totals 276,586,752 271,263,180 Less: accumulated depreciation and amortization (109,341,374 ) (103,433,464 ) Property, Plant and Equipment, net $ 167,245,378 $ 167,829,716

Loans Payable (Tables)

Loans Payable (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of short-term bank loans	March 31, December 31, 2019 2018 Industrial and Commercial Bank of China ("ICBC") Loan 1 (a) $ - $ 4,079,730 Bank of Cangzhou (b) - 5,099,662 ICBC Loan 2 (c) 2,673,201 2,622,683 ICBC Loan 3 (d) 4,009,802 - Total short-term bank loans $ 6,683,003 $ 11,802,075 (a) On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,079,730 as of December 31, 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 was due and repaid on January 28, 2019. (b) On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou, with a balance of $5,099,662 as of December 31, 2018. The loan bore a fixed interest rate of 6.09% per annum. The working capital loan was 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 was due and repaid on January 3, 2019. (c) On November 22, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,673,201 and $2,622,683 as of March 31, 2019 and December 31, 2018, repectively. 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 4.741% per annum. The loan will be due on November 26, 2019. (d) On January 28, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,009,802 as of March 31, 2019. 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 4.785% per annum. The loan will due and repaid on January 30, 2020.
Schedule of loans payable	March 31, December 31, 2019 2018 Rural Credit Union of Xushui District Loan 1 $ 1,277,196 $ 1,253,060 Rural Credit Union of Xushui District Loan 2 3,712,779 3,642,615 Rural Credit Union of Xushui District Loan 3 2,346,477 2,302,133 Total 7,336,452 7,197,808 Less: Current portion of long-term loans from credit union (2,539,541 ) (2,491,549 ) Long-term loans from credit union $ 4,796,911 $ 4,706,259
Schedule of long-term debt repayments	Amount Fiscal year Remainder of 2019 $ 2,539,541 2020 133,660 2021 207,916 2022 1,633,623 2023 2,821,712 Total 7,336,452

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Schedule of other payables and accrued liabilities	March 31, December 31, 2019 2018 Accrued electricity $ 198,734 $ 186,780 Value-added tax payable 191,076 520,190 Accrued interest to a related party 653,574 617,454 Payable for purchase of equipment 7,646,197 8,788,924 Accrued commission to salesmen 12,781 62,247 Others 20,960 47,201 Totals $ 8,723,322 $ 10,222,796

Stock Warrants (Tables)

Stock Warrants (Tables)	3 Months Ended
	Mar. 31, 2019
Stock Warrants [Line Items]
Schedule of stock warrant activities	Three Months Ended March 31, 2019 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 [Member]
Stock Warrants [Line Items]
Schedule of fair value of warrants issued 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 from September 3, 2014 to June 26, 2019 [Member]
Stock Warrants [Line Items]
Schedule of fair value of warrants issued 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)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	Three Months Ended 2019 2018 Basic loss per share Net loss for the period - numerator $ (2,722,595 ) $ (4,086,276 ) Weighted average common stock outstanding - denominator 22,022,316 21,450,316 Net loss per share $ (0.12 ) $ (0.19 ) Diluted income per share Net income for the period - numerator $ (2,722,595 ) $ (4,086,276 ) Weighted average common stock outstanding - denominator 22,022,316 21,450,316 Effect of dilution - - Weighted average common stock outstanding - denominator 22,022,316 21,450,316 Diluted loss per share $ (0.12 ) $ (0.19 )

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of provisions for income taxes	Three Months Ended March 31, 2019 2018 Provision for Income Taxes Current Tax Provision PRC $ - $ - Deferred Tax Provision PRC (647,795 ) (538,969 ) Total Provision for (Deferred tax benefit)/ Income Taxes $ (647,795 ) $ (538,969 )
Schedule of deferred tax	March 31, December 31, 2018 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 7,683,378 $ 7,097,828 Impairment of property, plant and equipment 552,946 546,531 Miscellaneous 367,819 289,799 Net operating loss carryover of PRC company 477,790 342,933 Total deferred tax assets 9,081,933 8,277,091 Less: Valuation allowance - - Total deferred tax assets, net $ 9,081,933 $ 8,277,091
Schedule of reconciles the statutory rates effective tax	Three Months Ended March 31, 2019 2018 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction - - Effect of reconciling items in the PRC for tax purposes 2.2 (13.3 ) Change in valuation allowance (28.0 ) - Effective income tax rate 19.2 % 11.7 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments of all operating leases	March 31, Amount 2020 552,462 2021 552,462 2022 552,462 2023 552,462 2024 552,462 Thereafter 1,786,589 Total operating lease payments $ 4,548,897

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of financial information for the two reportable segments	Three Months Ended March 31, 2019 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 17,450,292 $ - $ - $ - $ 17,450,292 Gross profit (192,466 ) - - - (192,466 ) Depreciation and amortization 3,930,054 6 - - 3,930,060 Interest income 58,727 91 - - 58,818 Interest expense 212,876 42,393 - - 255,269 Income tax expense(benefit) (622,304 ) (25,491 ) - - (647,795 ) Net income (loss) (2,440,828 ) (38,807 ) (242,960 ) - (2,722,595 ) Three Months Ended March 31, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Revenues $ 1,888,194 $ - $ - $ - $ 1,888,194 Gross profit (695,308 ) - - - (695,308 ) Depreciation and amortization 3,538,159 192,426 - - 3,730,585 Loss from disposal of property, plant and equipment 10,376 - - - 10,376 Interest income 44,615 148 - - 44,763 Interest expense 358,790 45,021 - - 403,811 Income tax expense(benefit) (472,636 ) (66,333 ) - - (538,969 ) Net income (loss) (3,550,390 ) (198,724 ) (337,162 ) - (4,086,276 ) As of March 31, 2019 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Total assets $ 175,578,609 18,950,298 28,397 - 194,557,304 As of December 31, 2018 Dongfang Baoding Not Attributable Elimination of Enterprise-wide, Paper Shengde to Segments Inter-segment consolidated Total assets $ 183,987,100 19,068,788 20,122 - 203,076,010

Organization and Business Bac_3

Organization and Business Background (Details)	3 Months Ended
	Mar. 31, 2019
Dongfang Holding [Member]
Schedule of company's subsidiaries and variable interest entities
Date of incorporation or establishment	Nov. 13, 2006
Place of incorporation or establishment	BVI
Percentage of Ownership	100.00%
Principal Activity	Inactive investment holding
Shengde Holdings [Member]
Schedule of company's subsidiaries and variable interest entities
Date of incorporation or establishment	Feb. 25, 2009
Place of incorporation or establishment	State of Nevada
Percentage of Ownership	100.00%
Principal Activity	Investment holding
Baoding Shengde [Member]
Schedule of company's subsidiaries and variable interest entities
Date of incorporation or establishment	Jun. 1, 2009
Place of incorporation or establishment	PRC
Percentage of Ownership	100.00%
Principal Activity	Paper production and distribution
Dongfang Paper [Member]
Schedule of company's subsidiaries and variable interest entities
Date of incorporation or establishment	Mar. 10, 1996
Place of incorporation or establishment	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 ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and bank balances	$ 2,625,059	$ 12,117,425	$ 4,716,073	$ 9,017,427
Restricted cash		3,642,616
Accounts receivable	2,409,458	2,876,632
Inventories	4,156,848	2,923,516
Prepayments and other current assets	6,213,819	6,241,299
Total current assets	15,405,184	24,158,872
Property, plant, and equipment, net	167,245,378	167,829,716
Deferred tax asset non-current	9,081,933	8,277,091
Total Assets	194,557,304	203,076,010
Current Liabilities
Short-term bank loans	6,683,003	11,802,075
Accounts payable	1,647,286	629,054
Notes payable		3,642,616
Due to related parties	513,423	413,336
Accrued payroll and employee benefits	305,148	213,536
Other payables and accrued liabilities	8,723,322	10,222,796
Income taxes payable		219,305
Total current liabilities	20,411,723	29,634,267
Loans from credit union	4,796,911	4,706,259
Loans from a related party	2,227,668	2,185,569
Total liabilities	27,436,302	36,526,095
Dongfang Paper [Member]
Current Assets
Cash and bank balances	2,524,546	8,328,980
Restricted cash		3,642,616
Accounts receivable	2,409,458	2,876,632
Inventories	4,138,999	2,906,004
Prepayments and other current assets	6,193,652	6,219,395
Total current assets	15,266,655	23,973,627
Property, plant, and equipment, net	152,851,255	153,302,061
Deferred tax asset non-current	7,460,699	6,711,412
Total Assets	175,578,609	183,987,100
Current Liabilities
Short-term bank loans	6,683,003	11,802,075
Current portion of long-term loans from credit union	193,065	189,416
Accounts payable	1,647,286	629,054
Notes payable		3,642,616
Due to related parties	244,230	203,188
Accrued payroll and employee benefits	300,510	208,660
Other payables and accrued liabilities	8,723,294	10,222,766
Income taxes payable		219,305
Total current liabilities	17,791,388	27,117,080
Loans from credit union	4,796,911	4,706,259
Loans from a related party	2,227,668	2,185,569
Total liabilities	$ 24,815,967	$ 34,008,908

Organization and Business Bac_5

Organization and Business Background (Details Textual)	1 Months Ended			3 Months Ended
	Feb. 10, 2010USD ($)¥ / shares	Jun. 24, 2009USD ($)	Oct. 29, 2007shares	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2010	Jun. 30, 2010USD ($)
Organization and Business Background (Textual)
Percentage of distributable profit of Dongfang Paper						100.00%
RMB [Member]
Organization and Business Background (Textual)
Exercise price for options | ¥ / shares	¥ 1
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 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
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%
Aggregate principal amount		$ 10,000,000
Loan agreement to terminate	¥ 10,000,000
Percentage of revenue				100.00%	100.00%
Percentage of assets accounted				90.25%	90.60%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Basis of Presentation and Significant Accounting Policies (Textual)
Total current assets	$ 15,405,184	$ 24,158,872
Total current liabilities	20,411,723	29,634,267
Due to related parties	513,423	413,336
Working capital deficit	5,006,539	$ 5,475,395
Interest payable for related party loans	$ 653,574
Commercial announcement, description	The Company announced commercial launch of the new 25,000 tonnes per year tissue paper manufacturing equipment PM8. Followed the successful trail production, 1603 tons of tissue paper products were produced and sold in the first quarter of 2019.

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Restricted Cash (Textual)
Restricted cash		$ 3,642,616
Description of restricted cash notes payable maturity	The restriction has been lifted upon the maturity of the notes payable on January 10, 2019.

Inventories (Details)

Inventories (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Schedule of inventories
Raw materials	$ 2,581,315	$ 1,355,703
Semi-finished Goods	185,498
Finished Goods	1,390,035	1,567,813
Totals	4,156,848	2,923,516
Recycled paper board [Member]
Schedule of inventories
Raw materials	1,423,675	412,317
Recycled white scrap paper [Member]
Schedule of inventories
Raw materials	623,646	611,861
Coal & gas [Member]
Schedule of inventories
Raw materials	170,801	167,230
Base paper and other raw materials [Member]
Schedule of inventories
Raw materials	$ 363,193	$ 164,295

Prepayments and Other Current_3

Prepayments and Other Current Assets (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Summary of prepayments and other current assets
Prepaid land lease	$ 307,418	$ 437,114
Value-added tax recoverable	5,871,234	5,760,280
Others	35,167	43,905
Total prepayments and other current assets	$ 6,213,819	$ 6,241,299

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Schedule of Property, Plant, and Equipment:
Totals	$ 276,586,752	$ 271,263,180
Less: accumulated depreciation and amortization	(109,341,374)	(103,433,464)
Property, Plant and Equipment, net	167,245,378	167,829,716
Land use rights [Member]
Schedule of Property, Plant, and Equipment:
Totals	12,110,433	11,881,571
Building and improvements [Member]
Schedule of Property, Plant, and Equipment:
Totals	95,940,419	94,127,348
Machinery and equipment [Member]
Schedule of Property, Plant, and Equipment:
Totals	162,789,664	159,651,736
Vehicles [Member]
Schedule of Property, Plant, and Equipment:
Totals	608,993	597,484
Construction in progress [Member]
Schedule of Property, Plant, and Equipment:
Totals	$ 5,137,243	$ 5,005,041

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Assets pledged for guarantee of Dongfang Paper capital lease	$ 5,439,796		$ 5,782,640
Land use right net values pledged for sale-leaseback financing	6,070,749		5,990,586
Value of land use right pledged for bank loan			$ 12,939,899
Depreciation and amortization	$ 3,930,060	$ 3,730,585
Land use rights [Member]
Property, Plant and Equipment [Line Items]
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			$ 4,762,300

Loans Payable (Details)

Loans Payable (Details) - USD ($)		Mar. 31, 2019	Dec. 31, 2018
Schedule of short-term bank loans
Total short-term bank loans		$ 6,683,003	$ 11,802,075
Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[1]		4,079,730
Bank of Cangzhou [Member]
Schedule of short-term bank loans
Total short-term bank loans	[2]		5,099,662
ICBC Loan 2 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[3]	2,673,201	$ 2,622,683
ICBC Loan 3 [Member]
Schedule of short-term bank loans
Total short-term bank loans	[4]	$ 4,009,802
[1]	On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,079,730 as of December 31, 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 was due and repaid on January 28, 2019.
[2]	On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou, with a balance of $5,099,662 as of December 31, 2018. The loan bore a fixed interest rate of 6.09% per annum. The working capital loan was 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 was due and repaid on January 3, 2019.
[3]	On November 22, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,673,201 and $2,622,683 as of March 31, 2019 and December 31, 2018, repectively. 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 4.741% per annum. The loan will be due on November 26, 2019.
[4]	On January 28, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,009,802 as of March 31, 2019. 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 4.785% per annum. The loan will due and repaid on January 30, 2020.

Loans Payable (Details 1)

Loans Payable (Details 1) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total	$ 7,336,452	$ 7,197,808
Less: Current portion of long-term loans from credit union	(2,539,541)	(2,491,549)
Long-term loans from credit union	4,796,911	4,706,259
Rural Credit Union of Xushui District Loan 1 [Member]
Debt Instrument [Line Items]
Total	1,277,196	1,253,060
Rural Credit Union of Xushui District Loan 2 [Member]
Debt Instrument [Line Items]
Total	3,712,779	3,642,615
Rural Credit Union of Xushui District Loan 3 [Member]
Debt Instrument [Line Items]
Total	$ 2,346,477	$ 2,302,133

Loans Payable (Details 2)

Loans Payable (Details 2)	Mar. 31, 2019USD ($)
Fiscal year
Remainder of 2019	$ 2,539,541
2020	133,660
2021	207,916
2022	1,633,623
2023	2,821,712
Total	$ 7,336,452

Loans Payable (Details Textual)

Loans Payable (Details Textual) - USD ($)

Jun. 21, 2018

Feb. 06, 2018

Jan. 02, 2018

Jul. 15, 2013

Jan. 28, 2019

Nov. 22, 2018

Nov. 06, 2018

Apr. 20, 2017

Apr. 16, 2014

Mar. 31, 2019

Mar. 31, 2018

Dec. 31, 2018

Loans Payable (Textual)

Unpaid balance of short term debt

$ 6,683,003

$ 11,802,075

Unsecured bank loans

Long-term debt, Interest rate per month

0.60%

Loan extension period

5 years

2 years

Installment repayment description

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 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.

Current portion of total outstanding loan

2,539,541

2,491,549

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

$ 230,953

$ 291,339

Average short-term borrowing rates

4.76%

5.57%

Loans from credit union

$ 7,336,452

7,197,808

Value of land use right pledged for sale-leaseback financing

12,939,899

Assets pledged for guarantee of Dongfang Paper capital lease

5,439,796

5,782,640

Rural credit union of xushui District member1 [Member]

Loans Payable (Textual)

Long-term debt, Interest rate per month

0.64%

Rural credit union of xushui District [Member]

Loans Payable (Textual)

Loan extension period

5 years

5 years

Installment repayment description

The loan was renewed for additional 5 years and will be due and payable in various installments from December 21, 2018 to November 5, 2023.

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.

Total outstanding loan balance

2,346,476

2,302,133

Current portion of total outstanding loan

2,346,476

2,302,133

Non-current liabilities

Industrial and Commercial Bank of China ("ICBC") Loan 1 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[1]

4,079,730

Short-term bank loans, bore interest rate

5.40%

Loan, maturity date

Jan. 28, 2019

Bank of Cangzhou [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[2]

5,099,662

Short-term bank loans, bore interest rate

6.09%

Loan, maturity date

Jan. 3, 2019

ICBC Loan 2 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[3]

2,673,201

2,622,683

Short-term bank loans, bore interest rate

4.741%

Loan, maturity date

Nov. 26, 2019

ICBC Loan 3 [Member]

Loans Payable (Textual)

Unpaid balance of short term debt

[4]

4,009,802

Short-term bank loans, bore interest rate

4.785%

Loan, maturity date

Jan. 30, 2020

Long-term loan [Member] | Rural credit union of xushui District [Member]

Loans Payable (Textual)

Total outstanding loan balance

1,277,196

1,253,060

Current portion of total outstanding loan

89,107

87,423

Non-current portion of total outstanding loan

$ 1,188,089

$ 1,165,637

New term loan agreement [Member] | Rural credit union of xushui District [Member]

Loans Payable (Textual)

Long-term debt, Interest rate per month

0.64%

0.64%

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

$ 3,712,779

$ 3,642,615

Current portion of total outstanding loan

103,958

101,993

Non-current portion of total outstanding loan

3,608,822

3,540,622

Security loan agreement by manufacturing equipment

$ 5,439,796

$ 5,782,640

[1]

On February 6, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,079,730 as of December 31, 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 was due and repaid on January 28, 2019.

[2]

On January 2, 2018, the Company entered into a working capital loan agreement with the Bank of Cangzhou, with a balance of $5,099,662 as of December 31, 2018. The loan bore a fixed interest rate of 6.09% per annum. The working capital loan was 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 was due and repaid on January 3, 2019.

[3]

On November 22, 2018, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,673,201 and $2,622,683 as of March 31, 2019 and December 31, 2018, repectively. 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 4.741% per annum. The loan will be due on November 26, 2019.

[4]

On January 28, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $4,009,802 as of March 31, 2019. 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 4.785% per annum. The loan will due and repaid on January 30, 2020.

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

Nov. 23, 2018USD ($)

Feb. 28, 2018USD ($)

Mar. 31, 2019USD ($)

Mar. 31, 2018USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2018USD ($)

Jul. 13, 2015USD ($)

Mar. 01, 2015CNY (¥)

Jan. 01, 2013

Related Party Transactions (Textual)

Accrued interest

$ 653,574

Proceeds from shareholders loan

$ 4,749,015

Accrued rental owned to Hebei Fangsheng

513,423

$ 413,336

Repayment of related party loans

9,498,029

Due to shareholder

269,193

210,148

CEO [Member]

Related Party Transactions (Textual)

Loans payable to related party

$ 2,883,091

$ 17,821,341

$ 4,324,636

Term of loan

3 years

Outstanding loan balance

2,227,668

2,185,569

Accrued interest

228,336

200,253

CEO [Member] | RMB [Member]

Related Party Transactions (Textual)

Loans payable to related party | ¥

¥ 120,000,000

Mr Zhenyong Liu [Member]

Related Party Transactions (Textual)

Loan paid off

$ 20,400

$ 2,249,279

Loans payable to related party

2,227,668

2,185,569

Term of loan

3 years

Interest rate on loans

4.35%

Loan matures date

Jul. 12, 2021

Accrued interest

44,553

43,711

Loan from related parties, interest expense

24,316

$ 112,472

Interest paid

$ 288,596

$ 391,374

Repayment of related party loans

$ 6,012,416

Lease term renewed

3 years

Mr Zhenyong Liu [Member] | CEO [Member]

Related Party Transactions (Textual)

Accrued interest

653,574

617,454

Dongfang Paper [Member]

Related Party Transactions (Textual)

Lease term renewed

3 years

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

Related Party Transactions (Textual)

Loan paid off

$ 158,651

Loans payable to related party

$ 8,910,671

Loan matures date

Dec. 10, 2017

Other payables and accrued liabilities

$ 380,685

$ 373,490

Repayment of related party loans

$ 3,768,579

$ 1,507,432

Hebei Fangsheng [Member]

Related Party Transactions (Textual)

Rental payment

$ 149,060

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

Hebei Fangsheng [Member] | RMB [Member]

Related Party Transactions (Textual)

Rental payment | ¥

¥ 1,000,000

Notes Payable (Details)

Notes Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 31, 2019
Notes Payable (Textual)
Notes payable	$ 3,642,616
Restricted cash	$ 3,642,616
Bank of Cangzhou [Member]
Notes Payable (Textual)
Bank acceptance notes from bank, interest rate
Handling charges of bank acceptance notes percentage	0.05%
Description of maturity of notes payable	The acceptance notes were due and paid off in January 2019.

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Summary of other payables and accrued liabilities
Accrued electricity	$ 198,734	$ 186,780
Value-added tax payable	191,076	520,190
Accrued interest to a related party	653,574	617,454
Payable for purchase of equipment	7,646,197	8,788,924
Accrued commission to salesmen	12,781	62,247
Others	20,960	47,201
Totals	$ 8,723,322	$ 10,222,796

Common Stock (Details)

Common Stock (Details)	Jan. 12, 2016USD ($)Employee$ / sharesshares	Aug. 27, 2014$ / sharesshares	Sep. 13, 2018USD ($)Employee$ / sharesshares	Dec. 31, 2013USD ($)
Compensatory Incentive Plans [Member]
Common Stock (Textual)
Share price | $ / shares	$ 1.25		$ 0.88
Shares of common stock under compensatory incentive plans	1,133,916		534,500
Number of officers | Employee	9		15
Total fair value of common stock granted | $			$ 470,360
2012 Incentive Stock Plan [Member]
Common Stock (Textual)
Shares of common stock under compensatory incentive plans	168,416
Total fair value of common stock granted | $				$ 790,020
2015 Omnibus Equity Incentive [Member]
Common Stock (Textual)
Share price | $ / shares	$ 1.25		$ 0.88
Shares of common stock under compensatory incentive plans	965,500
Total fair value of common stock granted | $	$ 1,417,395		$ 470,360
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)	3 Months Ended
	Mar. 31, 2019
Date of Issuance August 27, 2014 to September 2, 2019 [Member]
Stock Warrants [Line Items]
Terms of warrants	5 years
Expected volatility	72.00%
Risk-free interest rate	1.69%
Expected dividend yield	0.81%
Date of Issuance September 3, 2014 to June 26, 2019 [Member]
Stock Warrants [Line Items]
Terms of warrants	4 years 9 months 22 days
Expected volatility	69.80%
Risk-free interest rate	1.62%
Expected dividend yield	0.81%

Stock Warrants (Details 1)

Stock Warrants (Details 1) - Warrant [Member]	3 Months Ended
	Mar. 31, 2019$ / 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	Mar. 31, 2019	Mar. 31, 2018
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
	Mar. 31, 2019	Mar. 31, 2018
Basic loss per share
Net loss for the period - numerator	$ (2,722,595)	$ (4,086,276)
Weighted average common stock outstanding - denominator	22,022,316	21,450,316
Net loss per share	$ (0.12)	$ (0.19)
Diluted income per share
Net income for the period - numerator	$ (2,722,595)	$ (4,086,276)
Weighted average common stock outstanding - denominator	22,022,316	21,450,316
Effect of dilution
Weighted average common stock outstanding - denominator	22,022,316	21,450,316
Diluted loss per share	$ (0.12)	$ (0.19)

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share (Textual)
Warrants shares are excluded from calculations of dilutive net income per share	820,312	820,312

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Provision for Income Taxes
Current Tax Provision PRC
Deferred Tax Provision PRC	(647,795)	(538,969)
Total Provision for (Deferred tax benefit)/ Income Taxes	$ (647,795)	$ (538,969)

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Deferred tax assets (liabilities)
Depreciation and amortization of property, plant and equipment	$ 7,683,378	$ 7,097,828
Impairment of property, plant and equipment	552,946	546,531
Miscellaneous	367,819	289,799
Net operating loss carryover of PRC company	477,790	342,933
Total deferred tax assets	9,081,933	8,277,091
Less: Valuation allowance
Total deferred tax assets, net	$ 9,081,933	$ 8,277,091

Income Taxes (Details 2)

Income Taxes (Details 2)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of reconciliation of statutory rates to Company's effective tax rate
PRC Statutory rate	25.00%	25.00%
Effect of different tax jurisdiction
Effect of reconciling items in the PRC for tax purposes	2.20%	(13.30%)
Change in valuation allowance	(28.00%)
Effective income tax rate	19.20%	11.70%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	1 Months Ended	3 Months Ended			12 Months Ended
	Dec. 22, 2017	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Income Taxes (Textual)
Statutory tax rate		25.00%	25.00%
Effective income tax rate		19.20%	11.70%
Income tax, statute of limitations period		5 years
Income tax expense		$ (647,795)	$ (538,969)
Federal taxation cash provided					$ 6,528
Description of carry forwards expire		During the period of 2030 through 2035.
Maximum [Member]
Income Taxes (Textual)
Effective income tax rate	35.00%
Minimum [Member]
Income Taxes (Textual)
Effective income tax rate	21.00%
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	Sep. 13, 2018	Dec. 31, 2013	Aug. 28, 2011	Aug. 29, 2015	Sep. 10, 2012
2015 ISP [Member]
Stock Incentive Plans (Textual)
Number of shares authorized for issuance under stock incentive plan		534,500			1,500,000
Shares issued under incentive stock plan	965,500
Un-restricted common shares	1,133,916
Share price	$ 1.25	$ 0.88
Total fair value of stock of grant	$ 1,417,395	$ 470,360
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
Total fair value of stock of grant			$ 790,020
2011 ISP [Member]
Stock Incentive Plans (Textual)
Number of shares authorized for issuance under stock incentive plan				375,000
Shares issued under incentive stock plan			265,416	109,584
Share price			$ 2.66	$ 3.45
Total fair value of stock of grant				$ 378,065
Restricted common shares granted			297,000

Commitments and Contingencies_2

Commitments and Contingencies (Details)	Mar. 31, 2019USD ($)
Schedule of future minimum lease payments of all operating leases
2020	$ 552,462
2021	552,462
2022	552,462
2023	552,462
2024	552,462
Thereafter	1,786,589
Total operating lease payments	$ 4,548,897

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual)	1 Months Ended		3 Months Ended
	Nov. 27, 2012USD ($)a	Nov. 27, 2012CNY (¥)a	Mar. 31, 2019USD ($)a	Mar. 31, 2019CNY (¥)	Dec. 31, 2018USD ($)
Commitments and Contingencies (Textual)
Outstanding commitments for construction of equipment and facilities			$ 2,378,958		$ 2,300,187
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			$ 4,603,846		4,603,846
RMB [Member]
Commitments and Contingencies (Textual)
Long-term loan from financial institutions			$ 31,000,000		$ 31,000,000
Local government [Member]
Commitments and Contingencies (Textual)
Area of land | a			32.95
Lease expiration period			30 years	30 years
Lease expiration date			Dec. 31, 2031	Dec. 31, 2031
Operating lease annual rental payment			$ 17,887
Local government [Member] | RMB [Member]
Commitments and Contingencies (Textual)
Operating lease annual rental payment | ¥				¥ 120,000
Investment company [Member]
Commitments and Contingencies (Textual)
Area of land | a	49.4	49.4
Lease expiration period	15 years	15 years
Operating lease annual rental payment	$ 536,617
Investment company [Member] | RMB [Member]
Commitments and Contingencies (Textual)
Operating lease annual rental payment | ¥		¥ 3,600,000
Hebei Fangsheng [Member]
Commitments and Contingencies (Textual)
Lease expiration period			5 years	5 years
Operating lease annual rental payment			$ 149,060
Hebei Fangsheng [Member] | RMB [Member]
Commitments and Contingencies (Textual)
Operating lease annual rental payment | ¥				¥ 1,000,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Summarized financial information for reportable segments
Revenues	$ 17,450,292	$ 1,888,194
Gross profit	(192,466)	(695,308)
Depreciation and amortization	3,930,060	3,730,585
Loss from disposal of property, plant and equipment		(10,376)
Interest income	58,818	44,763
Interest expense	255,269	403,811
Income tax expense(benefit)	(647,795)	(538,969)
Net income (loss)	(2,722,595)	(4,086,276)
Total assets	194,557,304		$ 203,076,010
Dongfang Paper [Member]
Summarized financial information for reportable segments
Revenues	17,450,292	1,888,194
Gross profit	(192,466)	(695,308)
Depreciation and amortization	3,930,054	3,538,159
Loss from disposal of property, plant and equipment		10,376
Interest income	58,727	44,615
Interest expense	212,876	358,790
Income tax expense(benefit)	(622,304)	(472,636)
Net income (loss)	(2,440,828)	(3,550,390)
Total assets	175,578,609		183,987,100
Baoding Shengde [Member]
Summarized financial information for reportable segments
Revenues
Gross profit
Depreciation and amortization	6	192,426
Loss from disposal of property, plant and equipment
Interest income	91	148
Interest expense	42,393	45,021
Income tax expense(benefit)	(25,491)	(66,333)
Net income (loss)	(38,807)	(198,724)
Total assets	18,950,298		19,068,788
Not Attributable to Segments [Member]
Summarized financial information for reportable segments
Revenues
Gross profit
Depreciation and amortization
Loss from disposal of property, plant and equipment
Interest income
Interest expense
Income tax expense(benefit)
Net income (loss)	(242,960)	(337,162)
Total assets	28,397		20,122
Elimination of Inter-segment [Member]
Summarized financial information for reportable segments
Revenues
Gross profit
Depreciation and amortization
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	17,450,292	1,888,194
Gross profit	(192,466)	(695,308)
Depreciation and amortization	3,930,060	3,730,585
Loss from disposal of property, plant and equipment		10,376
Interest income	58,818	44,763
Interest expense	255,269	403,811
Income tax expense(benefit)	(647,795)	(538,969)
Net income (loss)	(2,722,595)	$ (4,086,276)
Total assets	$ 194,557,304		$ 203,076,010

Segment Reporting (Details Text

Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2019Segments
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
	Mar. 31, 2019SupplierCustomer	Mar. 31, 2018SupplierCustomer
Concentration and Major Customers and Suppliers (Textual)
Number of major supplier | Supplier	3	3
Number of customer | Customer
Supplier One [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	80.00%	41.00%
Supplier Two [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	9.00%	20.00%
Supplier Three [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	4.00%	10.00%
Sales [Member]
Concentration and Major Customers and Suppliers (Textual)
Percentage of revenue	10.00%	10.00%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation	$ 2,409,562
Description of effective in the PRC that the maximum protection	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$74,256) per depositor per insured financial intuition, including both principal and interest.
RMB [Member]
Concentration of Credit Risk (Textual)
Federal deposit insurance corporation	$ 16,224,788
Maximum coverage from FDIC	$ 500,000	$ 500,000