Income Taxes (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of income (loss) before income taxes and non-controlling interest allocation

	For the six months ended
	June 30, 2018		June 30, 2017
United States	$	40,821	$	(391,703	)
Foreign		414,745		3,977,983
Total	$	455,566	$	3,586,280

Schedule of significant components of income tax provision

	For the six months ended
Current tax provision	June 30, 2018		June 30, 2017
United States	$	8,256	$	46,584
Foreign		63,387		596,216
Total	$	71,643	$	642,800

Schedule of table reconciles statutory rates to effective tax rate

	For the six months ended
	June 30, 2018			June 30, 2017
U.S. Statutory rates		21.0	%		34.0	%
Foreign income not recognized in the U.S.		(10.6	)		(33.7	)
Foreign income tax rate		25.0			25.0
Effect of favorable income tax rate in certain entity in PRC		(20.3	)		(11.6	)
R&D tax credit (1)		(0.0	)		(1.1	)
Change in valuation allowance		0.6			5.0
Non-taxable permanent difference (2)		0.0			0.3
Effective tax rate		15.7	%		17.9	%

(1)

According to PRC tax regulation, 150% of current year R&D expense approved by local tax authority could be deducted from taxable income.

(2)

It represents expenses incurred by the Company that were not deductible for PRC income tax and income (loss) generated in countries with no income tax obligations.