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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 17 – SUBSEQUENT EVENTS

 

In October 2016, the Company repaid short-term loan from Jiangsu Huishan Mintai Village Town Bank in the principal amount of $749,695, and borrowed the same amount from the same bank. The new loan bears interest rate at 10.56% per annum and is due on July 5, 2017.

 

In October 2016, the Company repaid the bank acceptance notes payable of $29,988.