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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,813,544 $ 1,074,979
Restricted cash 222,996 109,908
Banker's acceptances 11,251 45,756
Trade accounts receivable, less allowance for doubtful accounts of $17,342,097 and $17,575,100, respectively 595,733 635,371
Other receivables, less allowance for doubtful accounts of $23,715 and $22,729, respectively 86,065 46,643
Advances to suppliers 277,900 404
Inventory 3,852,972 3,588,824
Prepaid expenses 397,374 77,120
Total Current Assets 7,257,835 5,579,005
Property, plant and equipment, net 15,631,653 16,313,827
Operating lease right of use asset 90,289 136,779
Intangible assets, net 185,244 205,611
TOTAL ASSETS 23,165,021 22,235,222
Current Liabilities:    
Trade accounts payable 1,025,098 1,366,330
Accrued expenses 180,719 189,880
Other payables 3,753,356 3,560,332
Advances from customers 592,961 505,398
Other payables - related parties 2,152,161 2,071,986
Operating lease liability, current portion 93,510 91,306
Current portion of construction loan facility 2,118,794 2,150,168
Current portion of lines of credit 1,200,650
Bankers' acceptance notes payable 222,996 109,908
Total Current Liabilities 11,340,245 10,045,308
Non-current Liabilities:    
Construction loan facility 1,977,541 2,150,168
Lines of credit, net of current portion 706,264
Operating lease liability, net of current portion 48,701
Deferred tax liability 742,450 753,444
Total Liabilities 14,766,500 12,997,621
Commitments and Contingencies (Note 14)  
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares outstanding, respectively 43,580 43,580
Additional paid-in capital 23,590,204 23,590,204
Accumulated deficit (26,620,246) (25,972,402)
Accumulated other comprehensive income 11,384,983 11,576,219
Total Stockholders' Equity 8,398,521 9,237,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,165,021 $ 22,235,222