IT Tech Packaging (ITP) 10-Q 14 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 14, 2020
Document Information Line Items
Entity Registrant Name	IT TECH PACKAGING, INC.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		28,454,816
Amendment Flag	false
Entity Central Index Key	0001358190
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	001-34577
Entity Address, State or Province	NV
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Current Assets
Cash and bank balances	$ 11,712,152	$ 5,837,745
Restricted cash
Accounts receivable (net of allowance for doubtful accounts of $36,645 and $59,922 as of March 31, 2020 and December 2019, respectively)	1,795,671	3,119,311
Inventories	1,951,376	1,607,463
Prepayments and other current assets	6,054,096	11,613,241
Due from related parties	120,744	1,863,479
Total current assets	21,634,039	24,041,239
Prepayment on property, plant and equipment	1,411,413	1,433,445
Property, plant, and equipment, net	145,805,724	151,616,852
Value-added tax recoverable	2,547,211	2,621,841
Deferred tax asset non-current	10,857,911	10,485,053
Total Assets	182,256,298	190,198,430
Current Liabilities
Short-term bank loans	6,069,075	6,163,814
Current portion of long-term loans from credit union	1,580,782	1,605,459
Accounts payable	205,769	250,486
Advance from customers	151,016	98,311
Notes payable
Due to related parties	617,433	539,985
Accrued payroll and employee benefits	225,993	291,924
Other payables and accrued liabilities	5,182,548	6,503,010
Income taxes payable		1,382,471
Total current liabilities	14,032,616	16,835,460
Loans from credit union	7,254,661	7,367,908
Loans from a related party
Other long-term payable
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $16,342,512 and $19,460,257 as of March 31, 2020 and December 31, 2019, respectively)	21,287,277	24,203,368
Commitments and Contingencies
Stockholders’ Equity
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 22,054,816 shares issued	22,685	22,685
Additional paid-in capital	51,154,544	51,154,544
Statutory earnings reserve	6,080,574	6,080,574
Accumulated other comprehensive loss	(8,647,291)	(6,057,537)
Retained earnings	112,358,509	114,794,796
Total stockholders’ equity	160,969,021	165,995,062
Total Liabilities and Stockholders’ Equity	$ 182,256,298	$ 190,198,430

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 36,645	$ 59,922
Consolidated VIE, liabilities	$ 16,342,512	$ 19,460,257
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	22,054,816	22,054,816

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues	$ 8,743,851	$ 17,450,292
Cost of sales	(8,913,570)	(17,642,758)
Gross Loss	(169,719)	(192,466)
Selling, general and administrative expenses	(2,696,963)	(2,981,473)
Loss from Operations	(2,866,682)	(3,173,939)
Other Income (Expense):
Interest income	5,790	58,818
Subsidy income	142,998
Interest expense	(244,718)	(255,269)
Loss before Income Taxes	(2,962,612)	(3,370,390)
Provision for Income Taxes	526,325	647,795
Net Loss	(2,436,287)	(2,722,595)
Other Comprehensive (Loss) Income
Foreign currency translation adjustment	(2,589,754)	3,293,680
Total Comprehensive (Loss) Income	$ (5,026,041)	$ 571,085
Losses Per Share:
Basic and Diluted Losses per Share (in Dollars per share)	$ (0.11)	$ (0.12)
Outstanding - Basic and Diluted (in Shares)	22,054,816	22,022,316

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities:
Net income	$ (2,436,287)	$ (2,722,595)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,774,674	3,930,060
Allowance for bad debts	(22,650)	(10,704)
Deferred tax	(541,042)	(647,795)
Changes in operating assets and liabilities:
Accounts receivable	1,315,128	535,220
Prepayments and other current assets	5,486,216	187,711
Inventories	(373,470)	(1,181,371)
Accounts payable	(41,405)	1,009,834
Advance from customers	54,930
Notes payable		(3,726,504)
Related parties	1,814,228	37,265
Accrued payroll and employee benefits	(62,252)	87,823
Other payables and accrued liabilities	(728,633)	(326,741)
Income taxes payable	(1,379,130)	(224,355)
Net Cash Provided by (Used in) Operating Activities	6,860,307	(3,052,152)
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(756,514)	(1,415,761)
Net Cash Used in Investing Activities	(756,514)	(1,415,761)
Cash Flows from Financing Activities:
Proceeds from short term bank loans		4,024,625
Repayment of bank loans		(9,390,791)
Net Cash Used in Financing Activities		(5,366,166)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(229,386)	341,713
Net Increase (Decrease) in Cash and Cash Equivalents	5,874,407	(9,492,366)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	5,837,745	12,117,425
Cash, Cash Equivalents and Restricted Cash - End of Period	11,712,152	2,625,059
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost	116,019	230,953
Cash paid for income taxes	1,379,130	224,355
Cash and bank balances	11,712,152	2,625,059
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 11,712,152	$ 2,625,059

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2020 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Statutory Earnings Reserve	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2019	$ 22,685	$ 51,154,544	$ 6,080,574	$ (6,057,537)	$ 114,794,796	$ 165,995,062
Balance (in Shares) at Dec. 31, 2019	22,054,816
Foreign currency translation adjustment				(2,589,754)		(2,589,754)
Net loss					(2,436,287)	(2,436,287)
Balance at Mar. 31, 2020	$ 22,685	$ 51,154,544	$ 6,080,574	$ (8,647,291)	$ 112,358,509	$ 160,969,021
Balance (in Shares) at Mar. 31, 2020	22,054,816

Organization and Business Backg

Organization and Business Background	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	(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 continued 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. On June 25, 2019, Dongfang Paper entered into an acquisition agreement with shareholder of Hebei Tengsheng Paper Co., Ltd.(“Hebei Tengsheng”), a limited liability company organized under the laws of the PRC, pursuant to which Dongfang Paper will acquire Hebei Tengsheng. Upon full payment of the consideration in the amount of RMB 320 million (approximately $45 million), Hebei Tengsheng will become a wholly owned subsidiary of Dongfang Paper that manufactures and sells tissue paper products. 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, 2020 and 2019 was accounted for 100% of the Company’s total revenue. Dongfang Paper also accounted for 90.02% and 91.01% of the total assets of the Company as of March 31, 2020 and December 31, 2019, respectively. As of March 31, 2020 and December 31, 2019, details of the Company’s subsidiaries and variable interest entities are as follows: Date of Place of Incorporation Incorporation or Percentage of Name or Establishment Establishment Ownership Principal Activity Subsidiary: Dongfang Holding November 13, 2006 BVI 100 % Inactive investment holding Shengde Holdings February 25, 2009 State of Nevada 100 % Investment holding 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, 2020 and December 31, 2019 are as follows: March 31, December 31, 2020 2019 (Unaudited) ASSETS Current Assets Cash and bank balances $ 9,786,499 $ 5,675,374 Restricted cash - - Accounts receivable 1,795,671 3,119,312 Inventories 1,947,019 1,603,038 Prepayments and other current assets 6,051,551 11,610,576 Due from related parties 120,744 1,863,479 Total current assets 19,701,484 23,871,779 Prepayment on property, plant and equipment 1,411,413 1,433,445 Property, plant, and equipment, net 133,697,308 138,920,440 Deferred tax asset non-current 9,257,440 8,869,385 Total Assets $ 164,067,645 $ 173,095,049 LIABILITIES Current Liabilities Short-term bank loans $ 6,069,075 $ 6,163,814 Current portion of long-term loans from credit union 310,511 315,358 Accounts payable 205,768 250,486 Due to related parties 56,552 Accrued payroll and employee benefits 224,922 287,584 Other payables and accrued liabilities 5,100,400 6,502,974 Income taxes payable - 1,382,471 Total current liabilities 11,910,676 14,959,239 Loans from credit union 4,431,836 4,501,018 Total liabilities $ 16,342,512 $ 19,460,257 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, 2020
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	(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 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, 2020 and the results of operations for the three months ended March 31, 2020 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, 2020 and December 31, 2019, 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, 2020 and December 31, 2019. 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

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	(3) Restricted Cash Restricted cash was nil as of March 31, 2020 and December 31, 2019.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	(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, 2020 and December 31, 2019: March 31, December 31, 2020 2019 Raw Materials Recycled paper board $ 727,392 $ 40,032 Recycled white scrap paper 10,379 10,541 Coal & gas 45,691 41,675 Base paper and other raw materials 235,931 293,935 1,019,392 386,183 Semi-finished Goods 145,259 83,266 Finished Goods 855,431 1,212,849 Total inventory, gross 2,020,083 1,682,298 Inventory reserve (68,706 ) (74,835 ) Total inventory, net $ 1,951,376 $ 1,607,463

Prepayments and Other Current A

Prepayments and Other Current Assets	3 Months Ended
	Mar. 31, 2020
Prepayments and Other Current Assets [Abstract]
Prepayments and Other Current Assets [Text Block]	(5) Prepayments and other current assets Prepayments and other current assets consisted of the following as of March 31, 2020 and December 31, 2019: March 31, December 31, 2020 2019 Prepaid land lease $ 169,370 $ 301,023 Prepayment for purchase of materials 218,785 5,394,297 Value-added tax recoverable 5,579,872 5,666,975 Others 86,069 250,946 $ 6,054,096 $ 11,613,241

Property, Plant and Equipment,

Property, Plant and Equipment, Net	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	(6) Property, plant and equipment, net As of March 31, 2020 and December 31, 2019, property, plant and equipment consisted of the following: March 31, December 31, 2020 2019 Property, Plant, and Equipment: Land use rights $ 11,509,449 $ 11,689,114 Building and improvements 69,723,406 70,811,803 Machinery and equipment 150,603,073 152,954,020 Vehicles 578,771 587,806 Construction in progress 6,546,542 6,399,986 Totals 238,961,241 242,442,729 Less: accumulated depreciation and amortization (93,155,517 ) (90,825,877 ) Property, Plant and Equipment, net $ 145,805,724 $ 151,616,852 As of March 31, 2020 and December 31, 2019, land use rights represented two parcel of state-owned lands located in Xushui District and Wei County of Hebei Province in China, with lease terms of 50 years expiring in 2061 and 2066, respectively. 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, 2020 and December 31, 2019, certain property, plant and equipment of Dongfang Paper with net values of $3,443,097 and $3,935,270, respectively, have been pledged pursuant to a long-term loan from credit union for Dongfang Paper. Land use right of Dongfang Paper with net values of $5,635,572 and $5,757,546 as of March 31, 2020 and December 31, 2019, respectively, was pledged for the bank loan from Industrial & Commercial Bank of China. Land use right of Hebei Tengsheng with net value of $5,120,520 and $5,200,452 as of March 31, 2020 and December 31, 2019, respectively, was pledged for a long-term loan from credit union of Baoding Shengde. In addition, land use right of Hebei Tengsheng with net value of $7,933,093 and $8,056,930 as of March 31, 2020 and December 31, 2019, respectively, was pledged for another long-term loan from credit union of Baoding Shengde. See “ Short-term bank loans Long-term loans from credit union Depreciation and amortization of property, plant and equipment was $3,774,674 and $3,930,060 for the three months ended March 31, 2020 and 2019, respectively.

Loans Payable

Loans Payable	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	(7) Loans Payable Short-term bank loans March 31, December 31, 2020 2019 Industrial and Commercial Bank of China (“ICBC”) Loan 1 (a) $ 6,069,075 $ 6,163,814 Total short-term bank loans $ 6,069,075 $ 6,163,814 On December 20, 2019, the Company entered into a working capital loan agreement with the ICBC, with a balance of $6,069,075 $6,163,814 as of March 31, 2020 and December 31, 2019, respectively. The working capital loan was secured by land use right of Hebei Tengsheng as collateral for the benefit of the bank. The loan bears a fixed interest rate of 4.785% per annum. The loan will be due and repaid by December 23, 2020. As of March 31, 2020, there were guaranteed short-term borrowings of $6,069,075 and unsecured bank loans of $nil. As of December 31, 2019, there were guaranteed short-term borrowings of $6,163,814 and unsecured bank loans of $nil. The average short-term borrowing rates for the three months ended March 31, 2020 and 2019 were approximately 4.79% and 4.76%, respectively. Long-term loans from credit union As of March 31, 2020 and December 31, 2019, loans payable to Rural Credit Union of Xushui District, amounted to $8,835,443 and $8,973,367, respectively. March 31, December 31, 2020 2019 Rural Credit Union of Xushui District Loan 1 $ 1,213,815 $ 1,232,763 Rural Credit Union of Xushui District Loan 2 3,528,532 3,583,613 Rural Credit Union of Xushui District Loan 3 2,258,260 2,293,512 Rural Credit Union of Xushui District Loan 4 1,834,836 1,863,479 Total 8,835,443 8,973,367 Less: Current portion of long-term loans from credit union (1,580,782 ) (1,605,459 ) Long-term loans from credit union $ 7,254,661 $ 7,367,908 As of March 31, 2020, the Company’s long-term debt repayments for the next five years were as follows: Amount Fiscal year Remainder of 2020 $ 1,580,782 2021 3,020,423 2022 1,552,554 2023 2,681,684 Total 8,835,443 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 was originally due 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, 2020 and December 31, 2019, total outstanding loan balance was $1,213,815 and $1,232,763, respectively. Out of the total outstanding loan balance, current portion amounted were $141,141 and $143,345 as of March 31, 2020 and December 31, 2019, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $1,072,674 and $1,089,418 are presented as non-current liabilities in the consolidated balance sheet as of March 31, 2020 and December 31, 2019, 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 $3,443,097 and $3,935,270 as of March 31, 2020 and December 31, 2019, respectively. Interest payment is due quarterly and bears a fixed rate of 0.64% per month. As of March 31, 2020 and December 31, 2019, the total outstanding loan balance was $3,528,532 and $3,583,613, respectively. Out of the total outstanding loan balance, current portion amounted were $169,370 and $172,013 as of March 31, 2020 and December 31, 2019, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $3,359,162 and $3,411,600 are presented as non-current liabilities in the consolidated balance sheet as of March 31, 2020 and December 31, 2019, respectively. On April 17, 2019, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which was due and payable in various installments from August 21, 2019 to April 16, 2021. The loan is secured by Hebei Tengsheng with its land use right 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, 2020 and December 31, 2019, the total outstanding loan balance was $2,258,260 and $2,293,512, respectively. Out of the total outstanding loan balance, current portion amounted were $1,129,130 and $1,146,756 as of March 31, 2020 and December 31, 2019, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $1,129,130 and $1,146,756 are presented as non-current liabilities in the consolidated balance sheet as of March 31, 2020 and December 31, 2019, respectively. On December 12, 2019, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which was due and payable in various installments from June 21, 2020 to December 11, 2021. The loan is secured by Hebei Tengsheng with its land use right as collateral for the benefit of the bank. Interest payment is due monthly and bears a fixed rate of 7.56% per annum. As of March 31, 2020 and December 31, 2019, the total outstanding loan balance was $1,834,836 and $1,863,479, respectively. Out of the total outstanding loan balance, current portion amounted were $141,141 and $143,345 as of March 31, 2020 and December 31, 2019, respectively, which are presented as current liabilities in the consolidated balance sheet and the remaining balance of $1,693,695 and $1,720,134 are presented as non-current liabilities in the consolidated balance sheet as of March 31, 2020 and December 31, 2019, respectively. Total interest expenses for the short-term bank loans and long-term loans for the three months ended March 31, 2020 and 2019 were $244,718 and $230,953, respectively.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	(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 $361,793 and $367,441 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, 2020 and December 31, 2019, respectively. On December 10, 2014, Mr. Zhenyong Liu provided a loan to the Company, amounted to $8,483,083 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, 2020 and December 31, 2019, approximately $42,342 and $43,003 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 $16,936,952 (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. In December 2019, the company paid off the remaining balance, together with interest of 94,636. As of March 31, 2020 and December 31, 2019, the outstanding loan balance were $nil and the accrued interest was $193,981 and $197,009, 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, 2020 and December 31, 2019, total amount of loans due to Mr. Zhenyong Liu were $nil. The interest expense incurred for such related party loans are $nil and $24,316 for the three months ended March 31, 2020 and 2019, respectively. The accrued interest owed to the CEO was approximately $598,116 and $607,453, as of March 31, 2020 and December 31, 2019, respectively, which was recorded in other payables and accrued liabilities. As of March 31, 2020 and December 31, 2019, amount due to shareholder are $617,433 and $483,433, 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 $142,998 (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.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	3 Months Ended
	Mar. 31, 2020
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	(9) Other payables and accrued liabilities Other payables and accrued liabilities consist of the following: March 31, December 31, 2020 2019 Accrued electricity $ 79,199 $ 129,466 Value-added tax payable 122,423 854,728 Accrued interest to a related party 598,116 607,453 Payable for purchase of equipment 3,373,783 3,936,047 Accrued commission to salesmen 7,545 17,162 Accrued bank loan interest 127,027 - Others 874,455 958,154 Totals $ 5,182,548 $ 6,503,010

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	(10) 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. 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 (14), 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. Issuance of common stock to Weitian On October 15, 2018, the Company entered an agreement with Weitian Group LCC (“Weitian”) and agreed as compensation to issue to Weitian in the aggregate of 70,000 shares of common stock for investor relation consulting service rendered from October 15, 2018 to October 15, 2019. 37,500 shares of common stock were issued to Weitian on November 12, 2018. Total fair value of the shares of common stock granted was calculated at $32,625 at $0.87 per share. 32,500 shares of common stock were issued to Weitian on August 13, 2019. Total fair value of the shares of common stock granted was calculated at $17,550 at $0.54 per share.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	(11) Earnings Per Share For the three months ended March 31, 2020 and 2019, basic and diluted net income per share are calculated as follows: Three Months Ended 2020 2019 Basic loss per share Net loss for the period - numerator $ (2,436,287 ) $ (2,722,595 ) Weighted average common stock outstanding - denominator 22,054,816 22,022,316 Net loss per share $ (0.11 ) $ (0.12 ) Diluted income per share Net income for the period- numerator $ (2,436,287 ) $ (2,722,595 ) Weighted average common stock outstanding - denominator 22,054,816 22,022,316 Effect of dilution - - Weighted average common stock outstanding - denominator 22,054,816 22,022,316 Diluted loss per share $ (0.11 ) $ (0.12 ) For the three months ended March 31, 2020 and 2019 there were no securities with dilutive effect issued and outstanding.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	(12) 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, 2020 and 2019 were as follows: Three Months Ended March 31, 2020 2019 Provision for Income Taxes Current Tax Provision U.S. $ 14,717 $ - Current Tax Provision PRC - - Deferred Tax Provision PRC (541,042 ) (647,795 ) Total Provision for (Deferred tax benefit)/ Income Taxes $ (526,325 ) $ (647,795 ) 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 2017, 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, 2019, 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, 2019, 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, 2020 2019 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 9,699,121 $ 9,277,009 Impairment of property, plant and equipment 509,875 521,803 Miscellaneous 413,352 277,511 Net operating loss carryover of PRC company 235,563 408,730 Total deferred tax assets 10,857,911 10,485,053 Less: Valuation allowance - - Total deferred tax assets, net $ 10,857,911 $ 10,485,053 The following table reconciles the statutory rates to the Company’s effective tax rate for: Three Months Ended March 31 2020 2019 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction - - Effect of reconciling items in the PRC for tax purposes (7.2 ) 2.2 Change in valuation allowance - (8.0 ) Effective income tax rate 17.8 % 19.2 % During the three months ended March 31, 2020 and 2019, the effective income tax rate was estimated by the Company to be 17.8% and 19.2%, 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, 2019 and 2018, 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, 2019 and 2018, 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, 2020
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	(13) 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 Stock 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 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 ISP. 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. 2019 Incentive Stock Plan On October 31, 2019, the shareholders of the Company at the Company’s Annual Shareholders General Meeting adopted and approved the 2019 Omnibus Equity Incentive Plan of IT Tech Packaging, Inc. (the “2019 ISP”). Under the 2019 ISP, the Company has reserved a total of 2,000,000 shares of common stock for issuance as or under awards to be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	(14) 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 $17,160 (RMB 120,000). This operating lease is renewable at the end of the 30-year term. 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 $142,998 (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 2021 158,078 2022 158,078 2023 13,811 2024 16,937 2025 16,937 Thereafter 114,324 Total operating lease payments $ 478,166 Capital commitment As of March 31, 2020, the Company has signed several contracts for improvement of Industrial Buildings. Total outstanding commitments under these contracts were $882,019 and $1,101,989 as of March 31, 2020 and December 31, 2019, respectively. The Company expected to pay off all the balances within 1 year. On June 25, 2019, Dongfang Paper entered into an acquisition agreement with shareholder of Hebei Tengsheng Paper Co., Ltd.(“Hebei Tengsheng”), a limited liability company organized under the laws of the PRC, pursuant to which Dongfang Paper will acquire Hebei Tengsheng. The consideration for the acquisition is RMB 320 million (approximately $45 million), of which $1.4 million was paid by the Company, and the balance consideration of $43.6 million is payable by December 31, 2021. 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, 2020 and December 31, 2019, the Company guaranteed its long-term loan from financial institutions amounting to $4,375,379 (RMB31,000,000) that matured at various times in 2020-2023. If Huanrun Trading Co., were to become insolvent, the Company could be materially adversely affected.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	(15) 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 three reportable segments is as follows: Three Months Ended March 31, 2020 Dongfang Hebei Baoding Not Attributable Elimination of Enterprise-wide, Paper Tengsheng Shengde to Segments Inter-segment consolidated Revenues $ 7,737,502 $ 1,006,349 $ - $ - $ - $ 8,743,851 Gross profit 542,155 (711,874 ) - - - (169,719 ) Depreciation and amortization 1,506,627 2,135,371 132,676 - - 3,774,674 Interest income 5,517 83 190 - - 5,790 Interest expense 167,581 - 77,137 - - 244,718 Income tax expense(benefit) (8,363 ) (522,916 ) (9,763 ) 14,717 - (526,325 ) Net income (loss) (496,085 ) (1,594,938 ) (200,397 ) (144,867 ) - (2,436,287 ) 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 ) As of March 31, 2020 Dongfang Hebei Baoding Not Attributable Elimination Enterprise-wide, Paper Tengsheng Shengde to Segments of Inter-segment consolidated Total assets $ 67,512,415 96,555,230 18,151,252 37,401 - 182,256,298 As of December 31, 2019 Dongfang Hebei Baoding Not Attributable Elimination Enterprise-wide, Paper Tengsheng Shengde to Segments of Inter-segment consolidated Total assets $ 73,347,811 99,747,236 17,031,392 71,991 - 190,198,430

Concentration and Major Custome

Concentration and Major Customers and Suppliers	3 Months Ended
	Mar. 31, 2020
Concentration And Major Customers And Suppliers [Abstract]
Concentration and Major Customers and Suppliers	(16) Concentration and Major Customers and Suppliers For the three months ended March 31, 2020, the Company had no single customer contributed over 10% of total sales. 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, 2020, the Company had three major suppliers accounted for 70%, 11% and 9% of total purchases. For the three months ended March 31, 2019, the Company had three major suppliers accounted for 80%, 9% and 4% of total purchases.

Concentration of Credit Risk

Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	(17) 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, 2020 and December 31, 2019. 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$70,571) 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, 2020 and December 31, 2019, respectively, while for the cash placed in financial institutions in the PRC, the balances exceeding the maximum coverage of RMB500,000 amounted to RMB80,720,243 (US$11,392,957) as of March 31, 2020.

Risks and Uncertainties

Risks and Uncertainties	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Risks and Uncertainties [Text Block]	(18) 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. Our business, financial condition and results of operations may be materially adversely affected by global health epidemics, including the recent COVID-19 outbreak. Outbreaks of epidemic, pandemic, or contagious diseases such as COVID-19, could have an adverse effect on our business, financial condition, and results of operations. The spread of COVID-19 has resulted in the World Health Organization declaring the outbreak of COVID-19 as a global pandemic. While the COVID-19 outbreak is still in relatively early stages, international stock markets have begun to reflect the uncertainty associated with the slow-down in the global economy and the reduced levels of international travel experienced since the beginning of January, large declines in oil prices and the significant decline in the Dow Industrial Average at the end of February and beginning of March 2020 was largely attributed to the effects of COVID-19. Any resulting financial impact cannot be reasonably estimated at this time. The extent to which the COVID-19 impacts our results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the coronavirus and the actions taken globally to contain the coronavirus or treat its impact, among others. Existing insurance coverage may not provide protection for all costs that may arise from all such possible events. During the quarter ended March 31, 2020, our revenue was affected by the temporary suspension in production as a result of the pandemic outbreak. We are still assessing our business operations and the total impact COVID-19 may have on our results and financial condition, but there can be no assurance that this analysis will enable us to avoid part or all of any impact from the spread of COVID-19 or its consequences, including downturns in business sentiment generally.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	(19) Recent Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this standard will remove, modify and add certain disclosures under ASC Topic 820, Fair Value Measurement, with the objective of improving disclosure effectiveness. ASU 2018-13 will be effective for the Company’s fiscal year beginning April 1, 2020, with early adoption permitted. The transition requirements are dependent upon each amendment within this update and will be applied either prospectively or retrospectively. The Company does not expect ASU 2018-13 to have a material impact to the Company’s consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The amendments in this Update related to separate financial statements of legal entities that are not subject to tax should be applied on a retrospective basis for all periods presented. The amendments related to changes in ownership of foreign equity method investments or foreign subsidiaries should be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The amendments related to franchise taxes that are partially based on income should be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. All other amendments should be applied on a prospective basis. We do not expect the adoption of ASU 2019-12 to have a material impact on our condensed consolidated financial statements.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	(20) Subsequent Event On April 2, 2020, the compensation committee granted an aggregate of 2,000,000 shares of restricted common stock to fifteen officers, directors and employees of the Company, which were granted under the 2019 Omnibus Equity Incentive Plan. Total fair value of the shares of common stock granted was calculated at $1,200,000 as of the date of issuance at $0.60 per share. On April 29, 2020, the Company and certain institutional investors entered into a securities purchase agreement, as amended on May 4, 2020, pursuant to which the Company agreed to sell to such investors an aggregate of 4,400,000 shares of common stock in a registered direct offering and warrants to purchase up to 4,400,000 shares of the Company’s common stock in a concurrent private placement, for gross proceeds of approximately $2.55 million (net proceeds of approximately 2.27 million).

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2020
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, 2020 and the results of operations for the three months ended March 31, 2020 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, 2020 and December 31, 2019, 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, 2020 and December 31, 2019.
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

Organization and Business Bac_2

Organization and Business Background (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	Date of Place of Incorporation Incorporation or Percentage of Name or Establishment Establishment Ownership Principal Activity Subsidiary: Dongfang Holding November 13, 2006 BVI 100 % Inactive investment holding Shengde Holdings February 25, 2009 State of Nevada 100 % Investment holding 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.
Condensed Balance Sheet [Table Text Block]	March 31, December 31, 2020 2019 (Unaudited) ASSETS Current Assets Cash and bank balances $ 9,786,499 $ 5,675,374 Restricted cash - - Accounts receivable 1,795,671 3,119,312 Inventories 1,947,019 1,603,038 Prepayments and other current assets 6,051,551 11,610,576 Due from related parties 120,744 1,863,479 Total current assets 19,701,484 23,871,779 Prepayment on property, plant and equipment 1,411,413 1,433,445 Property, plant, and equipment, net 133,697,308 138,920,440 Deferred tax asset non-current 9,257,440 8,869,385 Total Assets $ 164,067,645 $ 173,095,049 LIABILITIES Current Liabilities Short-term bank loans $ 6,069,075 $ 6,163,814 Current portion of long-term loans from credit union 310,511 315,358 Accounts payable 205,768 250,486 Due to related parties 56,552 Accrued payroll and employee benefits 224,922 287,584 Other payables and accrued liabilities 5,100,400 6,502,974 Income taxes payable - 1,382,471 Total current liabilities 11,910,676 14,959,239 Loans from credit union 4,431,836 4,501,018 Total liabilities $ 16,342,512 $ 19,460,257

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	March 31, December 31, 2020 2019 Raw Materials Recycled paper board $ 727,392 $ 40,032 Recycled white scrap paper 10,379 10,541 Coal & gas 45,691 41,675 Base paper and other raw materials 235,931 293,935 1,019,392 386,183 Semi-finished Goods 145,259 83,266 Finished Goods 855,431 1,212,849 Total inventory, gross 2,020,083 1,682,298 Inventory reserve (68,706 ) (74,835 ) Total inventory, net $ 1,951,376 $ 1,607,463

Prepayments and Other Current_2

Prepayments and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Prepayments and Other Current Assets [Abstract]
Schedule of prepayments and other current assets [Table Text Block]	March 31, December 31, 2020 2019 Prepaid land lease $ 169,370 $ 301,023 Prepayment for purchase of materials 218,785 5,394,297 Value-added tax recoverable 5,579,872 5,666,975 Others 86,069 250,946 $ 6,054,096 $ 11,613,241

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	March 31, December 31, 2020 2019 Property, Plant, and Equipment: Land use rights $ 11,509,449 $ 11,689,114 Building and improvements 69,723,406 70,811,803 Machinery and equipment 150,603,073 152,954,020 Vehicles 578,771 587,806 Construction in progress 6,546,542 6,399,986 Totals 238,961,241 242,442,729 Less: accumulated depreciation and amortization (93,155,517 ) (90,825,877 ) Property, Plant and Equipment, net $ 145,805,724 $ 151,616,852

Loans Payable (Tables)

Loans Payable (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	March 31, December 31, 2020 2019 Industrial and Commercial Bank of China (“ICBC”) Loan 1 (a) $ 6,069,075 $ 6,163,814 Total short-term bank loans $ 6,069,075 $ 6,163,814
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, December 31, 2020 2019 Rural Credit Union of Xushui District Loan 1 $ 1,213,815 $ 1,232,763 Rural Credit Union of Xushui District Loan 2 3,528,532 3,583,613 Rural Credit Union of Xushui District Loan 3 2,258,260 2,293,512 Rural Credit Union of Xushui District Loan 4 1,834,836 1,863,479 Total 8,835,443 8,973,367 Less: Current portion of long-term loans from credit union (1,580,782 ) (1,605,459 ) Long-term loans from credit union $ 7,254,661 $ 7,367,908
Schedule of long-term debt repayments	Amount Fiscal year Remainder of 2020 $ 1,580,782 2021 3,020,423 2022 1,552,554 2023 2,681,684 Total 8,835,443

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	March 31, December 31, 2020 2019 Accrued electricity $ 79,199 $ 129,466 Value-added tax payable 122,423 854,728 Accrued interest to a related party 598,116 607,453 Payable for purchase of equipment 3,373,783 3,936,047 Accrued commission to salesmen 7,545 17,162 Accrued bank loan interest 127,027 - Others 874,455 958,154 Totals $ 5,182,548 $ 6,503,010

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended 2020 2019 Basic loss per share Net loss for the period - numerator $ (2,436,287 ) $ (2,722,595 ) Weighted average common stock outstanding - denominator 22,054,816 22,022,316 Net loss per share $ (0.11 ) $ (0.12 ) Diluted income per share Net income for the period- numerator $ (2,436,287 ) $ (2,722,595 ) Weighted average common stock outstanding - denominator 22,054,816 22,022,316 Effect of dilution - - Weighted average common stock outstanding - denominator 22,054,816 22,022,316 Diluted loss per share $ (0.11 ) $ (0.12 )

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Ended March 31, 2020 2019 Provision for Income Taxes Current Tax Provision U.S. $ 14,717 $ - Current Tax Provision PRC - - Deferred Tax Provision PRC (541,042 ) (647,795 ) Total Provision for (Deferred tax benefit)/ Income Taxes $ (526,325 ) $ (647,795 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	March 31, December 31, 2020 2019 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 9,699,121 $ 9,277,009 Impairment of property, plant and equipment 509,875 521,803 Miscellaneous 413,352 277,511 Net operating loss carryover of PRC company 235,563 408,730 Total deferred tax assets 10,857,911 10,485,053 Less: Valuation allowance - - Total deferred tax assets, net $ 10,857,911 $ 10,485,053
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended March 31 2020 2019 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction - - Effect of reconciling items in the PRC for tax purposes (7.2 ) 2.2 Change in valuation allowance - (8.0 ) Effective income tax rate 17.8 % 19.2 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	March 31, Amount 2021 158,078 2022 158,078 2023 13,811 2024 16,937 2025 16,937 Thereafter 114,324 Total operating lease payments $ 478,166

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, 2020 Dongfang Hebei Baoding Not Attributable Elimination of Enterprise-wide, Paper Tengsheng Shengde to Segments Inter-segment consolidated Revenues $ 7,737,502 $ 1,006,349 $ - $ - $ - $ 8,743,851 Gross profit 542,155 (711,874 ) - - - (169,719 ) Depreciation and amortization 1,506,627 2,135,371 132,676 - - 3,774,674 Interest income 5,517 83 190 - - 5,790 Interest expense 167,581 - 77,137 - - 244,718 Income tax expense(benefit) (8,363 ) (522,916 ) (9,763 ) 14,717 - (526,325 ) Net income (loss) (496,085 ) (1,594,938 ) (200,397 ) (144,867 ) - (2,436,287 ) 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 ) As of March 31, 2020 Dongfang Hebei Baoding Not Attributable Elimination Enterprise-wide, Paper Tengsheng Shengde to Segments of Inter-segment consolidated Total assets $ 67,512,415 96,555,230 18,151,252 37,401 - 182,256,298 As of December 31, 2019 Dongfang Hebei Baoding Not Attributable Elimination Enterprise-wide, Paper Tengsheng Shengde to Segments of Inter-segment consolidated Total assets $ 73,347,811 99,747,236 17,031,392 71,991 - 190,198,430

Organization and Business Bac_3

Organization and Business Background (Details) ¥ / shares in Units, ¥ in Millions	1 Months Ended		3 Months Ended
	Jun. 24, 2009USD ($)¥ / shares	Oct. 29, 2007shares	Mar. 31, 2020USD ($)	Mar. 31, 2020CNY (¥)	Mar. 31, 2019	Dec. 31, 2019	Jun. 30, 2010USD ($)	Feb. 10, 2010USD ($)
Organization and Business Background (Details) [Line Items]
Registered capital (in Dollars)							$ 60,000,000
Exercise price per share (in Yuan Renminbi per share) | ¥ / shares	¥ 1
Percentage of distributable profit of Dongfang Paper								100.00%
Dongfang Holding [Member]
Organization and Business Background (Details) [Line Items]
Reverse stock split		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.
Shares of common stock issued to shareholders under merger agreement (in Shares) | shares		7,450,497
Percentage of ownership		100.00%
Dongfang Paper [Member]
Organization and Business Background (Details) [Line Items]
Percentage of ownership			100.00%	100.00%
Service fees percentage of annual net profits	80.00%
Aggregate principal amount (in Dollars)	¥ 10,000,000							$ 10,000,000
Percentage of distributable profit of Dongfang Paper			100.00%	100.00%
Percentage of revenue			100.00%	100.00%	100.00%
Percentage of assets accounted						91.01%
Baoding Shengde [Member]
Organization and Business Background (Details) [Line Items]
Percentage of ownership	100.00%
Registered capital (in Dollars)	¥ 10,000,000
Loan agreement to terminate (in Dollars)								$ 10,000,000
Hebei Tengsheng [Member]
Organization and Business Background (Details) [Line Items]
Percentage of distributable profit of Dongfang Paper			90.02%	90.02%
Business combination, consideration transferred			$ 45,000,000	¥ 320

Organization and Business Bac_4

Organization and Business Background (Details) - Schedule of subsidiaries and variable interest entity	3 Months Ended
	Mar. 31, 2020
Dongfang Holding [Member]
Variable Interest Entity [Line Items]
Entity Incorporation, Date of Incorporation	Nov. 13, 2006
Entity Incorporation State Country Name	BVI
Percentage of Ownership	100.00%
Principal Activity	Inactive investment holding
Shengde Holding [Member]
Variable Interest Entity [Line Items]
Entity Incorporation, Date of Incorporation	Feb. 25, 2009
Entity Incorporation State Country Name	State of Nevada
Percentage of Ownership	100.00%
Principal Activity	Investment holding
Baoding Shengde [Member]
Variable Interest Entity [Line Items]
Entity Incorporation, Date of Incorporation	Jun. 1, 2009
Entity Incorporation State Country Name	PRC
Percentage of Ownership	100.00%
Principal Activity	Paper production and distribution
Dongfang Paper [Member]
Variable Interest Entity [Line Items]
Entity Incorporation, Date of Incorporation	Mar. 10, 1996
Entity Incorporation State Country Name	PRC
Percentage of Ownership		[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_5

Organization and Business Background (Details) - Schedule of aggregate financial information of assets and liabilities - Variable Interest Entity, Primary Beneficiary [Member] - USD ($)	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and bank balances	$ 9,786,499	$ 5,675,374
Restricted cash
Accounts receivable	1,795,671	3,119,312
Inventories	1,947,019	1,603,038
Prepayments and other current assets	6,051,551	11,610,576
Due from related parties	120,744	1,863,479
Total current assets	19,701,484	23,871,779
Prepayment on property, plant and equipment	1,411,413	1,433,445
Property, plant, and equipment, net	133,697,308	138,920,440
Deferred tax asset non-current	9,257,440	8,869,385
Total Assets	164,067,645	173,095,049
LIABILITIES
Short-term bank loans	6,069,075	6,163,814
Current portion of long-term loans from credit union	310,511	315,358
Accounts payable	205,768	250,486
Due to related parties		56,552
Accrued payroll and employee benefits	224,922	287,584
Other payables and accrued liabilities	5,100,400	6,502,974
Income taxes payable		1,382,471
Total current liabilities	11,910,676	14,959,239
Loans from credit union	4,431,836	4,501,018
Total liabilities	$ 16,342,512	$ 19,460,257

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Restricted cash

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Raw Materials
Raw Materials	$ 1,019,392	$ 386,183
Semi-finished Goods	145,259	83,266
Finished Goods	855,431	1,212,849
Total inventory, gross	2,020,083	1,682,298
Inventory reserve	(68,706)	(74,835)
Total inventory, net	1,951,376	1,607,463
Recycled Paper Board [Member]
Raw Materials
Raw Materials	727,392	40,032
Recycled White Scrap Paper [Member]
Raw Materials
Raw Materials	10,379	10,541
Coal & gas [Member]
Raw Materials
Raw Materials	45,691	41,675
Base Paper and Other Raw Materials [Member]
Raw Materials
Raw Materials	$ 235,931	$ 293,935

Prepayments and Other Current_3

Prepayments and Other Current Assets (Details) - Schedule of prepayments and other current assets - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Schedule of prepayments and other current assets [Abstract]
Prepaid land lease	$ 169,370	$ 301,023
Prepayment for purchase of materials	218,785	5,394,297
Value-added tax recoverable	5,579,872	5,666,975
Others	86,069	250,946
Total prepayments and other current assets	$ 6,054,096	$ 11,613,241

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Term of lease, description	land use rights represented two parcel of state-owned lands located in Xushui District and Wei County of Hebei Province in China, with lease terms of 50 years expiring in 2061 and 2066,		land use rights represented two parcel of state-owned lands located in Xushui District and Wei County of Hebei Province in China, with lease terms of 50 years expiring in 2061 and 2066,
Assets pledged for guarantee of Dongfang Paper capital lease	$ 3,443,097		$ 3,935,270
Land use right net values pledged for sale-leaseback financing	$ 5,635,572		$ 5,757,546
Impaired assets to be disposed of by method other than sale, method for determining fair value	$5,120,520		$5,200,452
Value of land use right pledged for bank loan	$ 7,933,093		$ 8,056,930
Depreciation and amortization	$ 3,774,674	$ 3,930,060

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details) - Schedule of property, plant and equipment - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Totals	$ 238,961,241	$ 242,442,729
Less: accumulated depreciation and amortization	(93,155,517)	(90,825,877)
Property, Plant and Equipment, net	145,805,724	151,616,852
Land use rights [Member]
Property, Plant and Equipment [Line Items]
Totals	11,509,449	11,689,114
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Totals	69,723,406	70,811,803
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Totals	150,603,073	152,954,020
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Totals	578,771	587,806
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Totals	$ 6,546,542	$ 6,399,986

Loans Payable (Details)

Loans Payable (Details) - USD ($)	Dec. 12, 2019	Nov. 06, 2018	Jul. 15, 2013	Apr. 17, 2019	Jun. 21, 2018	Apr. 16, 2014	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Loans Payable (Details) [Line Items]
Short-term bank loans							$ 6,069,075		$ 6,163,814
Maturity date, description							2020-2023
Unsecured bank loans
Average short-term borrowing rates							4.79%	4.76%
Loans from credit union							$ 8,835,443		8,973,367
Loan extension period	2 years		5 years	2 years	5 years
Long-term debt, Interest rate per month	7.56%			0.60%
Total outstanding loan balance							1,213,815		1,232,763
Current portion of total outstanding loan							1,580,782		1,605,459
Non current portion of total outstanding loan							2,258,260		2,293,512
Interest expense for the short-term bank loans and long-term loans							244,718	$ 230,953
ICBC Loan 3 [Member]
Loans Payable (Details) [Line Items]
Short-term bank loans							$ 6,069,075		6,163,814
Short-term bank loans, bore interest rate							4.785%
ICBC Loan 4 [Member]
Loans Payable (Details) [Line Items]
Maturity date, description							December 23, 2020.
Rural Credit Union Of Xushui County Loan [Member]
Loans Payable (Details) [Line Items]
Current portion of total outstanding loan							$ 141,141
Non current portion of total outstanding loan							1,072,674
Rural credit union of xushui District [Member]
Loans Payable (Details) [Line Items]
Installment repayment description		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.		On April 17, 2019, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which was due and payable in various installments from August 21, 2019 to April 16, 2021.		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 was originally due in various installments from June 21, 2014 to November 18, 2018.
Loan extension period		5 years				5 years
Total outstanding loan balance							3,528,532		3,583,613
Current portion of total outstanding loan							1,129,130		1,146,756
Rural credit union of xushui District [Member] | Long-term loan [Member]
Loans Payable (Details) [Line Items]
Total outstanding loan balance							$ 169,370		172,013
Current portion of total outstanding loan									143,345
Non current portion of total outstanding loan									1,089,418
Rural credit union of xushui District [Member] | New term loan agreement [Member]
Loans Payable (Details) [Line Items]
Long-term debt, Interest rate per month							0.64%
Current portion of total outstanding loan							$ 3,359,162		3,411,600
Security loan agreement by manufacturing equipment							3,443,097		3,935,270
Rural credit union of xushui District One [Member]
Loans Payable (Details) [Line Items]
Long-term debt, Interest rate per month						0.64%
Rural Credit Union of Xushui [Member]
Loans Payable (Details) [Line Items]
Non current portion of total outstanding loan							1,129,130		1,146,756
Rural Credit Union of Xushui Three [Member]
Loans Payable (Details) [Line Items]
Total outstanding loan balance							1,834,836		1,863,479
Rural credit union of xushui District Two [Member]
Loans Payable (Details) [Line Items]
Current portion of total outstanding loan							141,141		143,345
Non current portion of total outstanding loan							$ 1,693,695		$ 1,720,134

Loans Payable (Details) - Sched

Loans Payable (Details) - Schedule of short-term bank loans - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Total short-term bank loans	$ 6,069,075	$ 6,163,814
ICBC Loan 1 [Member]
Short-term Debt [Line Items]
Total short-term bank loans	$ 6,069,075	$ 6,163,814

Loans Payable (Details) - Sch_2

Loans Payable (Details) - Schedule of loans payable - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total	$ 8,835,443	$ 8,973,367
Less: Current portion of long-term loans from credit union	(1,580,782)	(1,605,459)
Long-term loans from credit union	7,254,661	7,367,908
Rural Credit Union of Xushui District Loan 1 [Member]
Debt Instrument [Line Items]
Total	1,213,815	1,232,763
Rural Credit Union of Xushui District Loan 2 [Member]
Debt Instrument [Line Items]
Total	3,528,532	3,583,613
Rural Credit Union of Xushui District Loan 3 [Member]
Debt Instrument [Line Items]
Total	2,258,260	2,293,512
Rural Credit Union of Xushui District Loan 4 [Member]
Debt Instrument [Line Items]
Total	$ 1,834,836	$ 1,863,479

Loans Payable (Details) - Sch_3

Loans Payable (Details) - Schedule of long-term debt repayments	Mar. 31, 2020USD ($)
Schedule of long-term debt repayments [Abstract]
Remainder of 2020	$ 1,580,782
2021	3,020,423
2022	1,552,554
2023	2,681,684
Total	$ 8,835,443

Related Party Transactions (Det

Related Party Transactions (Details)

Oct. 14, 2016USD ($)

Mar. 01, 2015USD ($)

Dec. 10, 2014USD ($)

Aug. 07, 2013USD ($)

Aug. 07, 2013CNY (¥)

Nov. 23, 2018USD ($)

Feb. 28, 2018USD ($)

Mar. 31, 2020USD ($)

Mar. 31, 2019USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Jul. 13, 2015USD ($)

Mar. 01, 2015CNY (¥)

Related Party Transactions (Details) [Line Items]

Loan paid off

$ 94,636

$ 2,249,279

Amount due to shareholder

$ 391,374

Accrued interest

$ 127,027

Outstanding loan balance

2,258,260

2,293,512

Amount due to shareholder

617,433

483,433

Lease expiration date, description

August 2016

August 2016

Mr Zhenyong Liu [Member]

Related Party Transactions (Details) [Line Items]

Loan paid off

$ 20,400

Loans payable to related party

Repayment of related party loans

$ 6,012,416

Interest paid

$ 288,596

Accrued interest

42,342

43,003

Term of loan

3 years

Loan from related parties, interest expense

$ 24,316

Chief Executive Officer [Member]

Related Party Transactions (Details) [Line Items]

Loans payable to related party

$ 2,883,091

$ 16,936,952

$ 4,324,636

¥ 120,000,000

Accrued interest

197,009

Term of loan

3 years

Outstanding loan balance

193,981

Chief Executive Officer [Member] | Mr Zhenyong Liu [Member]

Related Party Transactions (Details) [Line Items]

Accrued interest

598,116

607,453

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

Related Party Transactions (Details) [Line Items]

Loan paid off

$ 158,651

Other payables and accrued liabilities

$ 361,793

$ 367,441

Loans payable to related party

$ 8,483,083

Interest rate on loans

4.35%

Repayment of related party loans

$ 3,768,579

$ 1,507,432

Hebei Fangsheng [Member]

Related Party Transactions (Details) [Line Items]

Sale price of industrial land use rights

$ 2,770,000

Sale price of industrial building

1,150,000

Sale price of dormitory buildings

$ 4,310,000

Industrial building lease term

3 years

3 years

Rental payment

$ 142,998

¥ 1,000,000

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities (Details) - Schedule of other payables and accrued liabilities - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Schedule of other payables and accrued liabilities [Abstract]
Accrued electricity	$ 79,199	$ 129,466
Value-added tax payable	122,423	854,728
Accrued interest to a related party	598,116	607,453
Payable for purchase of equipment	3,373,783	3,936,047
Accrued commission to salesmen	7,545	17,162
Accrued bank loan interest	127,027
Others	874,455	958,154
Totals	$ 5,182,548	$ 6,503,010

Common Stock (Details)

Common Stock (Details)	Aug. 13, 2019USD ($)$ / sharesshares	Nov. 12, 2018shares	Oct. 15, 2018USD ($)$ / sharesshares	Sep. 13, 2018USD ($)$ / sharesshares	Jan. 12, 2016USD ($)$ / sharesshares	Aug. 27, 2014$ / sharesshares	Dec. 31, 2013USD ($)$ / shares	Mar. 31, 2020shares	Dec. 31, 2019shares
Common Stock (Details) [Line Items]
Total fair value of stock of grant (in Dollars) | $				$ 470,360
Common Stock, Shares, Issued								22,054,816	22,054,816
Weitian Group LCC [Member]
Common Stock (Details) [Line Items]
Share price (in Dollars per share) | $ / shares			$ 0.54
Total fair value of stock of grant (in Dollars) | $			$ 17,550
Common Stock, Shares, Issued	32,500
Investor [Member]
Common Stock (Details) [Line Items]
Issuance of common stock and warrants						1,562,500
Warrants to purchase of common stock						781,250
Share price (in Dollars per share) | $ / shares						$ 1.60
Weitian Group LCC [Member]
Common Stock (Details) [Line Items]
Issuance of common stock and warrants		37,500
Share price (in Dollars per share) | $ / shares	$ 0.87
Shares of common stock under compensatory incentive plans			70,000
Total fair value of stock of grant (in Dollars) | $	$ 32,625
Compensatory Incentive Plans [Member]
Common Stock (Details) [Line Items]
Share price (in Dollars per share) | $ / shares				$ 0.88	$ 1.25
Shares of common stock under compensatory incentive plans				534,500	1,133,916
Number of officers				15	9
2012 Incentive Stock Plan [Member]
Common Stock (Details) [Line Items]
Share price (in Dollars per share) | $ / shares							$ 2.66
Shares of common stock under compensatory incentive plans					168,416
Total fair value of stock of grant (in Dollars) | $							$ 790,020
2015 Incentive Stock Plan [Member]
Common Stock (Details) [Line Items]
Share price (in Dollars per share) | $ / shares				$ 0.88	$ 1.25
Shares of common stock under compensatory incentive plans					965,500
Total fair value of stock of grant (in Dollars) | $				$ 470,360	$ 1,417,395

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of basic and diluted net income per share - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic loss per share
Net loss for the period - numerator (in Dollars)	$ (2,436,287)	$ (2,722,595)
Weighted average common stock outstanding - denominator	22,054,816	22,022,316
Net loss per share (in Dollars per share)	$ (0.11)	$ (0.12)
Diluted income per share
Net income for the period- numerator (in Dollars)	$ (2,436,287)	$ (2,722,595)
Weighted average common stock outstanding - denominator	22,054,816	22,022,316
Effect of dilution
Weighted average common stock outstanding - denominator	22,054,816	22,022,316
Diluted loss per share (in Dollars per share)	$ (0.11)	$ (0.12)

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Income Taxes (Details) [Line Items]
Statutory tax rate	25.00%	25.00%
Effective income tax rate	17.80%	19.20%
Income tax expense (in Dollars)	$ (526,325)	$ (647,795)
Provided cash (in Dollars)				$ 6,528
Description of carry forwards expire	These carry forwards would expire, if not utilized, during the period of 2030 through 2035.
Percentage of valuation allowance					100.00%
Income tax, statute of limitations period	5 years
Maximum [Member]
Income Taxes (Details) [Line Items]
Effective income tax rate	35.00%
Minimum [Member]
Income Taxes (Details) [Line Items]
Effective income tax rate	21.00%
UNITED STATES
Income Taxes (Details) [Line Items]
Statutory tax rate	34.00%
State tax rates	0.00%
Income tax expense (in Dollars)			$ 80,000
Additional income tax expense (in Dollars)			80,000
CHINA
Income Taxes (Details) [Line Items]
Net operating losses (in Dollars)			$ 6,710,939	$ 6,710,939

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of provisions for income taxes - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Provision for Income Taxes
Current Tax Provision U.S.	$ 14,717
Current Tax Provision PRC
Deferred Tax Provision PRC	(541,042)	(647,795)
Total Provision for (Deferred tax benefit)/ Income Taxes	$ (526,325)	$ (647,795)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of deferred tax - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Depreciation and amortization of property, plant and equipment	$ 9,699,121	$ 9,277,009
Impairment of property, plant and equipment	509,875	521,803
Miscellaneous	413,352	277,511
Net operating loss carryover of PRC company	235,563	408,730
Total deferred tax assets	10,857,911	10,485,053
Less: Valuation allowance
Total deferred tax assets, net	$ 10,857,911	$ 10,485,053

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of reconciles the statutory rates effective tax rates	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule of reconciles the statutory rates effective tax rates [Abstract]
PRC Statutory rate	25.00%	25.00%
Effect of different tax jurisdiction
Effect of reconciling items in the PRC for tax purposes	(7.20%)	2.20%
Change in valuation allowance		(8.00%)
Effective income tax rate	17.80%	19.20%

Stock Incentive Plans (Details)

Stock Incentive Plans (Details) - USD ($)	Sep. 13, 2018	Jan. 12, 2016	Dec. 31, 2013	Aug. 28, 2011	Oct. 31, 2019	Aug. 29, 2015	Sep. 10, 2012
2011 Incentive Stock Plan [Member]
Stock Incentive Plans (Details) [Line Items]
Number of shares authorized for issuance under stock incentive plan				375,000
Shares issued under incentive stock plan				109,584
Share price (in Dollars per share)				$ 3.45
Total fair value of stock of grant (in Dollars)				$ 378,065
Restricted common shares granted			265,416
2012 Incentive Stock Plan [Member]
Stock Incentive Plans (Details) [Line Items]
Number of shares authorized for issuance under stock incentive plan							200,000
Shares issued under incentive stock plan		168,416	31,584
Share price (in Dollars per share)			$ 2.66
Total fair value of stock of grant (in Dollars)			$ 790,020
Restricted common shares granted			297,000
Un-restricted common shares		1,133,916
2015 Incentive Stock Plan [Member]
Stock Incentive Plans (Details) [Line Items]
Number of shares authorized for issuance under stock incentive plan	534,500					1,500,000
Shares issued under incentive stock plan		965,500
Share price (in Dollars per share)	$ 0.88	$ 1.25
Total fair value of stock of grant (in Dollars)	$ 470,360	$ 1,417,395
2019 Incentive Stock Plan [Member]
Stock Incentive Plans (Details) [Line Items]
Number of shares authorized for issuance under stock incentive plan					2,000,000

Commitments and Contingencies_2

Commitments and Contingencies (Details)	3 Months Ended
	Mar. 31, 2020USD ($)m²	Mar. 31, 2020CNY (¥)m²	Mar. 31, 2020CNY (¥)	Dec. 31, 2019USD ($)	Jun. 25, 2019USD ($)	Jun. 25, 2019CNY (¥)
Commitments and Contingencies (Details) [Line Items]
Outstanding commitments for construction of equipment and facilities	$ 882,019			$ 1,101,989
Business combination, contingent consideration, liability					$ 45,000,000	¥ 320,000,000
Business combination, contingent consideration, liability paid	1,400,000
Business combination, contingent consideration, liability balance	$ 43,600,000
Long-term loan maturity	2020-2023	2020-2023
Amount of long-term loan	$ 8,835,443
Local Government [Member]
Commitments and Contingencies (Details) [Line Items]
Leases acres of land (in Square Meters) | m²	32.95	32.95
Lease expiration period	30 years	30 years
Lease expiry date	Dec. 31, 2031	Dec. 31, 2031
Operating lease annual rental payment	$ 17,160	¥ 120,000
Hebei Fangsheng [Member]
Commitments and Contingencies (Details) [Line Items]
Lease expiration period	5 years	5 years
Operating lease annual rental payment	$ 142,998	¥ 1,000,000
Financial Institution Long Term Loan [Member]
Commitments and Contingencies (Details) [Line Items]
Amount of long-term loan	$ 4,375,379		¥ 31,000,000

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of future minimum lease payments	Mar. 31, 2020USD ($)
Schedule of future minimum lease payments [Abstract]
2021	$ 158,078
2022	158,078
2023	13,811
2024	16,937
2025	16,937
Thereafter	114,324
Total operating lease payments	$ 478,166

Segment Reporting (Details)

Segment Reporting (Details)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Number of business operating segments	2
Number of reportable segment	3

Segment Reporting (Details) - S

Segment Reporting (Details) - Summarized financial information for the two reportable segments - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Dongfang Paper [Member]
Segment Reporting Information [Line Items]
Revenues	$ 7,737,502	$ 17,450,292
Gross profit	542,155	(192,466)
Depreciation and amortization	1,506,627	3,930,054
Interest income	5,517	58,727
Interest expense	167,581	212,876
Income tax expense(benefit)	(8,363)	(622,304)
Net income for the period- numerator (in Dollars)	(496,085)	(2,440,828)
Total assets	67,512,415		$ 73,347,811
Hebei Tengsheng [Member]
Segment Reporting Information [Line Items]
Revenues	1,006,349
Gross profit	(711,874)
Depreciation and amortization	2,135,371
Interest income	83
Interest expense
Income tax expense(benefit)	(522,916)
Net income for the period- numerator (in Dollars)	(1,594,938)
Total assets	96,555,230		99,747,236
Baoding Shengde [Member]
Segment Reporting Information [Line Items]
Revenues
Gross profit
Depreciation and amortization	132,676	6
Interest income	190	91
Interest expense	77,137	42,393
Income tax expense(benefit)	(9,763)	(25,491)
Net income for the period- numerator (in Dollars)	(200,397)	(38,807)
Total assets	18,151,252		17,031,392
Not Attributable to Segments [Member]
Segment Reporting Information [Line Items]
Revenues
Gross profit
Depreciation and amortization
Interest income
Interest expense
Income tax expense(benefit)	14,717
Net income for the period- numerator (in Dollars)	(144,867)	(242,960)
Total assets	37,401		71,991
Elimination of Inter-segment [Member]
Segment Reporting Information [Line Items]
Revenues
Gross profit
Depreciation and amortization
Interest income
Interest expense
Income tax expense(benefit)
Net income for the period- numerator (in Dollars)
Total assets
Enterprise-wide, consolidated [Member]
Segment Reporting Information [Line Items]
Revenues	8,743,851	17,450,292
Gross profit	(169,719)	(192,466)
Depreciation and amortization	3,774,674	3,930,060
Interest income	5,790	58,818
Interest expense	244,718	255,269
Income tax expense(benefit)	(526,325)	(647,795)
Net income for the period- numerator (in Dollars)	(2,436,287)	$ (2,722,595)
Total assets	$ 182,256,298		$ 190,198,430

Concentration and Major Custo_2

Concentration and Major Customers and Suppliers (Details)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Concentration and Major Customers and Suppliers (Details) [Line Items]
Number of major supplier	3	3
Sales [Member]
Concentration and Major Customers and Suppliers (Details) [Line Items]
Percentage of revenue	10.00%	10.00%
Supplier One [Member]
Concentration and Major Customers and Suppliers (Details) [Line Items]
Percentage of revenue	70.00%	80.00%
Supplier Two [Member]
Concentration and Major Customers and Suppliers (Details) [Line Items]
Percentage of revenue	11.00%	9.00%
Supplier Three [Member]
Concentration and Major Customers and Suppliers (Details) [Line Items]
Percentage of revenue	9.00%	4.00%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	May 01, 2015USD ($)	May 01, 2015CNY (¥)	Mar. 31, 2020USD ($)	Mar. 31, 2020CNY (¥)
Risks and Uncertainties [Abstract]
Federal deposit insurance corporation	$ 70,571	¥ 500,000	$ 11,392,957	¥ 80,720,243
Maximum coverage from FDIC				¥ 500,000

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member] - USD ($)	Apr. 02, 2020	Apr. 29, 2020
Subsequent Event (Details) [Line Items]
Restricted common stock shares issued	2,000,000
Restricted common stock shares issued, value	$ 1,200,000
Share price	$ 0.60
Investors aggregate shares of common stock		4,400,000
Warrants to purchase shares of common stock		4,400,000
Proceeds from private placement		$ 2,550,000
Net proceeds		$ 2,270,000