LONG TERM BANK LOANS (Tables)

12 Months Ended

Dec. 31, 2019



		Interest
		Rate		December 31,
	Bank Name	per Annum		$	2019	$	2018
Due on August 28, 2022,	Anhui Commercial Bank ("ACB") Hui Tong Branch	8.80	%	$	6,097,453	$	—
Due on August 30, 2019, collateral by the Company's LUR,subsequently repaid on due date	ACB Hui Tong ranch	8.00	%				7,269,027
Less: current portion					—		7,269,027
Long term bank loans, net				$	6,097,453	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details