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Short-Term Bank Loans (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of short-term bank loans
   March 31,
2019		   December 31,
2018		 
Loan from Bank of China, due on November 20, 2019 with annual interest rate of 4.60%, secured by certain assets of the Company and guaranteed by the Company’s CEO, Jianhua Wu, and Wuxi Angyida Machinery Co., Ltd, a company whose corporate representative is a brother of the Company’s CEO  $372,512   $363,488 
Loan from Bank of China, due on November 25, 2019 with annual interest rate of 4.60%, secured by certain assets of the Company and guaranteed by the Company’s CEO, Jianhua Wu, and Wuxi Angyida Machinery Co., Ltd, a company whose corporate representative is a brother of the Company’s CEO   372,512    363,488 
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 Wuxi Nongshuang, due on November 6, 2019 with annual interest rate of 5.87%, secured by certain assets of the Company   670,520    - 
Loan from Bank of Communication, due on September 25, 2019 with annual interest rate of 4.35%, secured by certain assets of the Company   -    581,582 
Loan from Bank of Communication, due on September 25, 2019 with annual interest rate of 4.35%, secured by certain assets of the Company   447,014    - 
Current portion of loan from Zhongli International Finance Corporation, credit line of RMB4,500,000 (approximately $670,521), with a security deposit of RMB900,000 (approximately $134,104) which will be returned in 36 months, monthly installment of RMB210,000 (approximately $31,291) in the 1st – 12th month; RMB138,000 (approximately $20,563) in the 13th - 24th month; RMB98,000 (approximately $14,602) in the 25th – 36th month; secured by certain assets of the Company *   204,428    220,123 
Total short-term bank loans  $2,066,986   $2,182,960 

 

* Long-term loans represent amounts due to Zhongli International Finance Corporation that are due more than one year. Long-term loan amounts to $210,983 and $244,910 as of March 31, 2019 and December 31, 2018, respectively.
Schedule of minimum installments under loan agreement
12-month periods ending March 31,  Amount 
2020  $311,122 
2021   210,991 
2022   87,615 
Total minimum loan payments   609,728 
Less: amount representing interest   (90,412)
Less: security deposit due   (103,905)
Present value of net minimum loan payment   415,411 
Less: current portion   (204,428)
Long-term portion  $210,983