COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Rent commitment

The Company's subsidiary Fuling USA leases manufacturing facilities under operating leases. Operating lease expense amounted to $384,728 and $340,640 for the year ended December 31, 2015 and 2014, respectively.

Future minimum lease payments under non-cancelable operating leases are as follows:

Twelve months ended December 31,
2016	$	394,388
2017		404,296
2018		414,399
2019		424,701
2020		435,326
Thereafter		1,569,253
Total	$	3,642,363

Letters of Credit

As of December 31, 2015 and December 31, 2014, the Company had $ 5,664,249 and $7,846,882 outstanding in trade letters of credit.