Land use rights, net
|12 Months Ended|
Dec. 31, 2016
|Land use rights, net [Abstract]|
|Land Use Rights Disclosure [Text Block]||
As of December 31, 2016, land use rights included certain parcels of land located in Huizhou City, Guangdong Province, PRC and Ganzhou City, Jiangxi Province, PRC. Land use rights for land in Huizhou City with an area of approximately 126,605 square meters and in Ganzhou City with an area of approximately 58,669 square meters will expire on May 23, 2057 and January 4, 2062, respectively.
Land use rights are being amortized annually using the straight-line method over a contract term of 50 years. Estimated amortization for the coming years is as follows:
The Company recorded amortization expenses of $89,720 and $95,720 for the years ended December 31, 2016 and 2015, respectively.
The land use rights for land located in Huizhou and Ganzhou City were both pledged as collateral for bank loans as of December 31, 2016 and 2015.