Short-Term Bank Loans (Tables)

12 Months Ended

Dec. 31, 2018

Short-Term Bank Loans / Convertible Note Payable [Abstract]

Schedule of short-term bank loans

	December 31, 2018		December 31, 2017
Loan from Bank of China, due on November 20, 2019 with annual interest rate of 4.64%, secured by certain assets of the Company	$	363,488	$	384,172
Loan from Bank of China, due on November 20, 2019 with annual interest rate of 4.64%, secured by certain assets of the Company		363,488		384,172
Loan from Bank of Wuxi Nongshuang, due on April 25, 2018 with annual interest rate of 5.87%, secured by certain assets of the Company		-		691,510
Loan from Bank of Wuxi Nongshuang, due on February 22, 2019 with annual interest rate of 5.87%, secured by certain assets of the Company		654,279		-
Loan from Bank of Communication, due on September 20, 2018 with annual interest rate of 5.85%, secured by certain assets of the Company		-		614,675
Loan from Bank of Communication, due on September 25, 2019 with annual interest rate of 5.85%, secured by certain assets of the Company		581,582
Loan from Zhongli International Finance Corporation, credit line of RMB4,500,000 (approximately $654,279), with a security deposit of RMB900,000 (approximately $130,856) which will be returned in 36 months, monthly installment of RMB210,000 (approximately $30,533) in the 1st – 12th month; RMB138,000 (approximately $20,065) in the 13th - 24th month; RMB98,000 (approximately $14,249) in the 25th – 36th month; secured by certain assets of the Company *		220,123		-
Total short-term bank loans	$	2,182,960	$	2,074,529

* Long-term bank loans represent amounts due to various banks that are due more than one year. Long-term portion of loan from Zhongli International Finance Corporation is $244,910 as of December 31, 2018.

Schedule of minimum installments under loan agreement

12-month periods ending December 31,	Amount
2019	$	334,991
2020		223,327
2021		128,205
Total minimum loan payments		686,523
Less: amount representing interest		(105,223	)
Less: security deposit due		(116,267	)
Present value of net minimum loan payment		465,033
Less: current portion		(220,123)
Long-term portion	$	244,910