Intangible Assets, Net

6 Months Ended

Jun. 30, 2018

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

NOTE 6 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

	As of			As of
	June 30, 2018			December 31, 2017
Land use rights	$	10,321,196		$	10,495,188
Trademark		9,639			9,802
Patents		7,654			5,781
Total		10,338,489			10,510,771
Less: accumulated amortization		(723,516	)		(632,177	)
Intangible assets, net	$	9,614,973		$	9,878,594

Amortization expense was $105,844 and $98,104 for the six months ended June 30, 2018 and 2017, respectively.

Estimated future amortization expense for intangible assets is as follows:

Periods ending June 30,	Amortization expense
2018	$	208,084
2019		219,766
2020		219,671
2021		219,500
2022		204,743
Thereafter		8,543,209
	$	9,614,973