Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 19 – SUBSEQUENT EVENTS 

In January 2017, the Company repaid the bank acceptance notes payable of $115,194.

In March 2017, the Company sold certain manufacturing equipment that previously used in petroleum and chemical equipment segment and reflected as equipment held for sale on the accompanying consolidated balance sheets at December 31, 2016, for approximately $1,147,000 (see Note 3).