Accrued Liability for Claimed Sale Contract Dispute	9 Months Ended
Sep. 30, 2016
Accrued Liability For Claimed Sale Contract Dispute [Abstract]
ACCRUED LIABILITY FOR CLAIMED SALE CONTRACT DISPUTE	NOTE 10 – ACCRUED LIABILITY FOR CLAIMED SALE CONTRACT DISPUTE In December 2015, the Company received a notice of contract termination in writing from its largest customer, which was a customer in the petroleum and chemical equipment segment, alleging breach of contract for late delivery of product and for delivery of product with quality defects. As a result of the claimed breach of contract, the customer demanded payment of a penalty of 20% of the contract price plus penalties for late delivery and damages in the amounts of RMB 36,103,640 ($5,562,365 at December 31, 2015). In the third quarter of 2016, the claimed sale contract dispute was resolved, and the Company made the payment of RMB 36,103,640 RMB to this customer in full satisfaction of the customer’s claims against the Company.

Accrued Liability for Claimed Sale Contract Dispute

9 Months Ended

Sep. 30, 2016

Accrued Liability For Claimed Sale Contract Dispute [Abstract]

ACCRUED LIABILITY FOR CLAIMED SALE CONTRACT DISPUTE

NOTE 10 – ACCRUED LIABILITY FOR CLAIMED SALE CONTRACT DISPUTE

In December 2015, the Company received a notice of contract termination in writing from its largest customer, which was a customer in the petroleum and chemical equipment segment, alleging breach of contract for late delivery of product and for delivery of product with quality defects. As a result of the claimed breach of contract, the customer demanded payment of a penalty of 20% of the contract price plus penalties for late delivery and damages in the amounts of RMB 36,103,640 ($5,562,365 at December 31, 2015). In the third quarter of 2016, the claimed sale contract dispute was resolved, and the Company made the payment of RMB 36,103,640 RMB to this customer in full satisfaction of the customer’s claims against the Company.