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Segment Reporting
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 15 – SEGMENT REPORTING

 

ASC 280, "Segment Reporting", establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments. The Company uses the "management approach" in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company's reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management's assessment, the Company has determined that it has only one operating segment as defined by ASC 280. 

 

The following table presents revenue by major products for the years ended December 31, 2019, 2018 and 2017, respectively.

  

   For the years ended 
   December 31,
2019		   December 31,
2018		   December 31,
2017		 
             
Cutlery  $68,648,828   $66,558,851   $62,104,253 
Straws   21,887,800    23,572,926    18,631,276 
Cups and plates   48,126,622    37,439,353    33,536,297 
Others   12,450,121    11,093,142    9,936,680 
Total  $151,113,371   $138,664,272   $124,208,506 

 

The following table presents revenue by geographic areas for the years ended December 31, 2019, 2018 and 2017, respectively.

 

   For the years ended 
   December 31,
2019		   December 31,
2018		   December 31,
2017		 
Revenue from United States  $129,660,141   $118,307,987   $106,563,934 
Revenue from Europe   1,456,825    6,621,940    6,101,139 
Revenue from Canada   5,574,844    1,635,667    1,943,946 
Revenue from China   10,220,725    8,286,146    7,740,720 
Revenue from other foreign countries   4,200,836    3,812,532    1,858,767 
Total  $151,113,371   $138,664,272   $124,208,506 

 

Long-lived assets of $59,981,251 and $13,047,425 were located in China and other countries, respectively, as of December 31, 2019. Long-lived assets of $58,848,571 and $4,271,140 were located in China and other countries, respectively, as of December 31, 2018.