|12 Months Ended|
Dec. 31, 2016
|Long-term loans [Abstract]|
|Long-term Debt [Text Block]||
On January 13, 2012, the Company borrowed $8.0 million (RMB50 million) from Bank of China, which is guaranteed by the Company’s Chief Executive Officer, Mr. Dang Yu Pan. It is five-year long-term loan, with an annual interest rate of 5.23%, which was equal to 110% of the benchmark-lending rate of the People’s Bank of China (“PBOC”) as of December 31, 2015. Interest expenses are to be paid quarterly. It was repaid in full in 2016.
The interest expenses were $43,197 and $219,704 for the years ended December 31, 2016 and 2015, respectively.
The entire disclosure for long-term debt.
Reference 1: http://www.xbrl.org/2003/role/presentationRef