Equity Components [Axis]
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Property, Plant and Equipment, Type [Axis]
Building [Member]
Range [Axis]
Minimum [Member]
Maximum [Member]
Vehicles [Member]
Furniture, Fixtures And Equipment [Member]
Plant And Machinery [Member]
Plant and machinery
Products and Services [Axis]
Bromine Segment [Member]
Crude Salt Segment [Member]
Chemical Products Segment [Member]
Segment Total [Member]
Corporate [Member]
Major Customers [Axis]
Shandong Morui Chemical Company Limited [Member]
Business Segments [Axis]
Retained earnings appropriated
Concentration Risk Benchmark [Axis]
Top 5 customers
Income Statement Location [Axis]
Sales and administrative expenses [Member]
Natural Gas [Member]
Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited
Shouguang Weidong Chemical Company Limited
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Emerging Growth Company
Entity Small Business
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
Current Assets
Cash
Accounts receivable
Inventories, net
Prepayments and deposits
Prepaid land leases
Other receivable
Total Current Assets
Non-Current Assets
Property, plant and equipment, net
Property, plant and equipment under capital leases, net
Prepaid land leases, net of current portion
Deferred tax assets
Goodwill
Total non-current assets
Total Assets
Liabilities and Stockholders Equity
Current Liabilities
Accounts payable and accrued expenses
Retention Payable
Capital lease obligation, current portion
Taxes payable-current
Total Current Liabilities
Non-Current Liabilities
Capital lease obligation, net of current portion
Total Non-Current Liabilities
Total Liabilities
Stockholders Equity
PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding
COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 47,052,940 shares issued and 46,803,791 shares outstanding as of September 30, 2018 and December 31, 2017, respectively
Treasury stock; 249,149 shares as of September 30, 2018 and December 31, 2017 at cost
Additional paid-in capital
Retained earnings unappropriated
Retained earnings appropriated
Accumulated other comprehensive income/(loss)
Total Stockholders Equity
Total Liabilities and Stockholders Equity
PREFERRED STOCK, par or stated value per share
PREFERRED STOCK, shares authorized
PREFERRED STOCK, shares outstanding
COMMON STOCK, par value per share
COMMON STOCK, shares authorized
COMMON STOCK, shares issued
COMMON STOCK, shares outstanding
Treasury stock, shares
Income Statement [Abstract]
NET REVENUE
Net revenue
OPERATING INCOME (EXPENSE)
Cost of net revenue
Sales, marketing and other operating expenses
Research and development cost
Write-off/Impairment on property, plant and equipment
Loss on demolition of factory
Direct labor and factory overheads incurred during plant shutdown
General and administrative expenses
Other operating income (loss)
Total Costs and Expenses
INCOME/(LOSS) FROM OPERATIONS
OTHER INCOME (EXPENSE)
Interest expense
Interest income
INCOME/(LOSS) BEFORE TAXES
INCOME TAXES (EXPENSE) BENEFIT
NET INCOME/(LOSS)
COMPREHENSIVE INCOME/(LOSS):
NET INCOME/(LOSS)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments
COMPREHENSIVE INCOME/(LOSS)
EARNINGS (LOSS) PER SHARE:
BASIC
DILUTED
WEIGHTED AVERAGE NUMBER OF SHARES:
BASIC
DILUTED
Statement [Table]
Statement [Line Items]
Balance
Shares Issued
Balance, shares
Translation adjustment
Net loss
Balance
Shares Issued
Balance, shares
Statement of Cash Flows [Abstract]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income/(loss)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Interest on capital lease obligation
Amortization of prepaid land leases
Depreciation and amortization
Write-off/Impairment on property, plant and equipment
Loss on demolition of factory
Unrealized translation difference
Stock-based compensation expense-options
Shares issued from treasury stock for services
Deferred tax asset
Changes in assets and liabilities:
Accounts receivable
Inventories
Prepayments and deposits
Other receivables
Accounts payable and accrued expenses
Retention payable
Taxes payable
Net cash provided by operating activities
CASH FLOWS USED IN INVESTING ACTIVITIES
Payment of land leases
Purchase of property, plant and equipment
Net cash used in investing activities
CASH FLOWS USED IN FINANCING ACTIVITIES
Repayment of capital lease obligation
Net cash used in financing activities
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS - END OF PERIOD
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Cash paid during the period for:
Income taxes
Accounting Policies [Abstract]
1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Inventory Disclosure [Abstract]
2. INVENTORIES
Notes to Financial Statements
3. PREPAID LAND LEASES
Property, Plant and Equipment [Abstract]
4. PROPERTY, PLANT AND EQUIPMENT, NET
Leases [Abstract]
5. PROPERTY, PLANT AND EQUIPMENT UNDER CAPITAL LEASES, NET
Payables and Accruals [Abstract]
6. ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Related Party Transactions [Abstract]
7. RELATED PARTY TRANSACTIONS
Income Tax Disclosure [Abstract]
8. TAXES PAYABLE
9. CAPITAL LEASE OBLIGATIONS
Equity [Abstract]
10. EQUITY
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
11. STOCK-BASED COMPENSATION
12. INCOME TAXES
Segment Reporting [Abstract]
13. BUSINESS SEGMENTS
Risks and Uncertainties [Abstract]
14. CUSTOMER CONCENTRATION
15. MAJOR SUPPLIERS
Fair Value Disclosures [Abstract]
16. FAIR VALUE OF FINANCIAL INSTRUMENTS
Commitments and Contingencies Disclosure [Abstract]
17. CAPITAL COMMITMENT AND OPERATING LEASE COMMITMENTS
Subsequent Events [Abstract]
SUBSEQUENT EVENTS
Basis of Presentation and Consolidation
Nature of the Business
Reclassifications
Allowance for Doubtful Accounts
Concentration of Credit Risk
Property, Plant and Equipment (including Oil and gas properties)
Retirement Benefits
Revenue Recognition
Recoverability of Long-lived Assets
Basic and Diluted Earnings (Loss) per Share of Common Stock
Reporting Currency and Translation
Foreign Operations
Exploration Costs
Goodwill
New Accounting Pronouncements
Schedule of property plant and equipment useful life
Schedule of earnings per share
Inventories
Property, plant and equipment
Property Plant And Equipment Under Capital Leases Net
Property, plant and equipment under capital leases
Accounts payable and accrued expenses
Schedule of Taxes payable
Capital lease obligations
Schedule of stock option transactions
Schedule Stock and Warrants Options Outstanding
Schedule of components of the provision for income taxes
Schedule of income tax expenses reconciliation
Schedule of deferred tax assets and liabilities
Schedule of segment operating income
Schedule of segment costs
Schedule of major customers
Schedule of contractual obligations
Property, Plant and Equipment [Table]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life
Numerator
Denominator
Basic: Weighted-average common shares outstanding during the period
Add: Dilutive effect of stock options
Diluted
Net income/(loss) per share
Basic
Diluted
Basis Of Presentation And Summary Of Significant Accounting Policies
Allowances for doubtful accounts
Contributions to the retirement plan
Anti-dilutive common stock equivalents which were excluded
Raw materials
Finished goods
Allowance for obsolete and slow-moving inventory
Inventories
Prepaid Land Lease
Amortization of prepaid land lease
Parcels of land of which the Company could not obtain land use rights certificates
Mineral rights
Buildings
Plant and machinery
Motor vehicles
Furniture, fixtures and office equipment
Construction in progress
Total
Less: Accumulated depreciation and amortization
Impairment
Net book value
Land
Depreciation and amortization expense
Direct labor and factory overheads incurred during plant shutdown
Cost of net revenue
Cost of administrative expenses
At cost:
Less: accumulated depreciation and amortization
Net book value
Property Plant And Equipment Under Capital Leases Net
Depreciation and amortization expense
Accounts Payable And Accrued Expense
Salary payable
Social security insurance contribution payable
Other payables
Total
Related Party Transactions
Company borrowed from Jiaxing Lighting Appliance Company Limited
Property management services provided by Shandong Shouguang Vegetable Seed Industry Group Co., Ltd
Taxes Payable
Natural resource tax
Land use right tax payable
Other tax payables
Total current taxes payable
Capital Lease Obligations
Imputed interest rate on capital lease obligations
Total capital lease obligations
Less: Current portion
Capital lease obligations, net of current portion
Capital Lease Obligations
Interest expense from capital lease obligations
Equity
Statutory Common Reserve Funds Description
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Option and Warrants Outstanding, Beginning balance
Number of Option and Warrants Granted and Vested
Number of Option and Warrants Expired
Number of Option and Warrants Outstanding, Ending Balance
Weighted- Average Exercise price of Option and Warrants, Beginning balance
Weighted- Average Exercise price of Option and Warrants, Granted and vested during the period
Weighted- Average Exercise price of Option and Warrants, Expired
Weighted- Average Exercise price of Option and Warrants, Ending Balance
Range of Exercise Price per Common Share, Beginning Balance
Range of Exercise Price per Common Share, Granted and Vested
Range of Exercise Price per Common Share, Expired
Range of Exercise Price per Common Share, Ending Balance
Share-based Compensation [Abstract]
Outstanding
Range of Exercise Prices, Lower Limit
Range of Exercise Prices, Upper Limit
Weighted Average Remaining Contractual Life (Years)
Stock-based Compensation
Common stock available for issuance
Aggregate intrinsic value of options outstanding and exercisable
Current taxes - PRC
Deferred taxes - PRC
Income taxes
Statutory income tax rate
Non-deductible expense and change in valuation allowance
Change in valuation allowance - US federal net operating loss
Effective tax rate
Deferred tax liabilities
Deferred tax assets:
Allowance for obsolete and slow-moving inventories
Impairment on property, plant and equipment
Exploration costs
Compensation costs of unexercised stock options
PRC tax losses
US federal net operating loss
Total deferred tax assets
Valuation allowance
Net deferred tax asset
Schedule of Segment Reporting Information, by Segment [Table]
Segment Reporting Information [Line Items]
Product and Service [Axis]
Net revenue (external customers)
Net revenue (intersegment)
Income (loss) from operations before income taxes (benefit)
Income tax expense (benefit)
Income (loss) from operations after income taxes (benefit)
Total assets
Depreciation and amortization
Capital expenditures
Goodwill
Business Segments
Total segment operating income (loss)
Corporate costs
Unrealized gain/(loss) on translation of intercompany balance
Income (loss) from operations
Other income, net of expense
Income (loss) before income taxes
Schedule of Revenue by Major Customers, by Reporting Segments [Table]
Revenue, Major Customer [Line Items]
Customer [Axis]
Segments [Axis]
Revenues
Percentage of Total Revenue (%)
Percent products sold to top five customers
Amounts due from major customers
Major Suppliers
Top five suppliers percentage raw materials supplied
Amount due top five suppliers
Capital Commitment And Operating Lease Commitments
Capital Lease Obligations Payable within:
the next 12 months
the next 13 to 24 months
the next 25 to 36 months
the next 37 to 48 months
the next 49 to 60 months
thereafter
Total
Less: Amount representing interest
Present value of net minimum lease payments
Operating Lease Obligations
the next 12 months
the next 13 to 24 months
the next 25 to 36 months
the next 37 to 48 months
the next 49 to 60 months
thereafter
Total
Property Management Fees
the next 12 months
the next 13 to 24 months
the next 25 to 36 months
the next 37 to 48 months
the next 49 to 60 months
thereafter
Total
Capital Expenditure
the next 12 months
the next 13 to 24 months
the next 25 to 36 months
the next 37 to 48 months
the next 49 to 60 months
thereafter
Total
Capital Commitment And Operating Lease Commitments
Rental expenses related to operating leases
Bromine Segment [Member]
Chemical Products Segment [Member]
Custom Element.
Corporate Expenditure
Crude Salt Segment [Member]
Furniture, Fixtures And Equipment [Member]
Income Loss From Continuing Operations After Income Taxes
Interest Rate Used To Capitalize Lease Obligations
Other Taxes Payable
Plant And Machinery [Member]
Segment Reporting Information Net Operating Income Loss
Shandong Maroi Chemical Company Limited [Member]
Share Based Compensation Options Outstanding Exercise Price Range Lower Range Limit
Share Based Compensation Options Outstanding Exercise Price Range Upper Range Limit
Vehicles Gross
Assets, Current
Assets, Noncurrent
Assets
Liabilities, Current
Liabilities, Noncurrent
Liabilities
Treasury Stock, Value
Retained Earnings, Appropriated
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Cost of Revenue
Selling and Marketing Expense
Research and Development Expense
Cost, Overhead
General and Administrative Expense
Costs and Expenses
Interest Expense
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Shares, Issued
Shares, Outstanding
UnrealizedGainLossOnTranslationOfInterCompanyBalances
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Other Receivables
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Other Productive Assets
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities
Repayments of Long-term Capital Lease Obligations
Net Cash Provided by (Used in) Financing Activities
Cash, Period Increase (Decrease)
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
Inventory Valuation Reserves
Property, Plant and Equipment, Other, Gross
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation
DepreciationAndAmortizationExpensePPE
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
Other Tax Expense (Benefit)
Deferred Tax Assets, Valuation Allowance
DepreciationAndAmortizationSegmentNote
CorporateExpenditure
Capital Leases, Future Minimum Payments Due
Capital Leases, Future Minimum Payments, Interest Included in Payments
Operating Leases, Future Minimum Payments Due, Next Twelve Months
Operating Leases, Future Minimum Payments, Due in Two Years
Operating Leases, Future Minimum Payments, Due in Three Years
Operating Leases, Future Minimum Payments, Due in Four Years
Operating Leases, Future Minimum Payments, Due in Five Years
Operating Leases, Future Minimum Payments, Due Thereafter
Operating Leases, Future Minimum Payments Due
Next12Months
Next13To24Months
Next25To36Months
Next37To48Months
Next49To60Months
Thereafter
Total [Default Label]
CapitalExpenditureFutureMinimumPaymentsDueCurrent
CapitalExpenditureFutureMinimumPaymentsDueInTwoYears
CapitalExpenditureFutureMinimumPaymentsDueInThreeYears
CapitalExpenditureFutureMinimumPaymentsDueInFourYears
CapitalExpenditureFutureMinimumPaymentsDueInFiveYears
CapitalExpenditureFutureMinimumPaymentsDueThereafter
CapitalExpenditureFutureMinimumPaymentsDue