Short-Term Bank Loans (Tables)

9 Months Ended

Sep. 30, 2016

Short-Term Bank Loans [Abstract]

Schedule of short-term bank loans

	September 30,  2016		December 31, 2015
Loan from Agricultural and Commercial Bank, due on June 16, 2016 with annual interest rate of 7.038% at December 31, 2015, secured by certain assets of the Company and repaid in May 2016	$	-	$	693,300
Loan form Agricultural and Commercial Bank, due on May 26, 2017 with annual interest rate of 7.038% at September 30, 2016, secured by certain assets of the Company		674,725		-
Loan from Jiangsu Huishan Mintai Village Town Bank, due on March 1, 2016 with annual interest rate of 10.56% at December 31, 2015, secured by certain assets of the Company and repaid in February 2016		-		770,333
Loan from Jiangsu Huishan Mintai Village Town Bank, due on November 1, 2016 with annual interest rate of 10.56% at September 30, 2016, secured by certain assets of the Company and repaid in October 2016		749,695		-
Loan from Bank of Communications, due on September 3, 2016 with annual interest rate of 5.62% at December 31, 2015, secured by certain assets of the Company and repaid on due date		-		770,333
Loan from Bank of Communications, due on September 5, 2017 with annual interest rate of 5.62% at September 30, 2016, secured by certain assets of the Company		749,695		-
Loan from Bank of China, due on January 12, 2016 with annual interest rate of 7.20% at December 31, 2015, secured by certain assets of the Company and repaid in January 2016		-		385,166
Loan from Bank of China, due on December 26, 2016 with annual interest rate of 5.97% at September 30, 2016, secured by certain assets of the Company		749,695		-
Loan from Bank of China, due on January 25, 2016 with annual interest rate of 7.20% at December 31, 2015, secured by certain assets of the Company and repaid in January 2016		-		462,200
Total short-term bank loans	$	2,923,810	$	3,081,332