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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,369,871 $ 2,029,971
Banker’s acceptances   13,784
Trade accounts receivable, less allowance for doubtful accounts of $16,214,032 and $16,739,527, respectively 368,227 421,531
Other receivables, less allowance for doubtful accounts of $26,452 and $27,149, respectively 28,929 29,139
Advances to suppliers 4,759 444,637
Inventory 3,767,014 2,947,787
Prepaid expenses 268,498 77,697
Total Current Assets 5,807,298 5,964,546
Property, plant and equipment, net 7,768,497 9,973,065
Operating lease right of use asset 134,205 39,046
Intangible assets, net 1,642,357 1,807,486
TOTAL ASSETS 15,352,357 17,784,143
Current Liabilities:    
Trade accounts payable 831,298 667,082
Accrued expenses 119,669 404,807
Other payables 1,992,535 2,390,063
Advances from customers 172,110 520,295
Operating lease liability 76,000 40,445
Current portion of lines of credit 1,016,741 2,440,915
Convertible, redeemable note payable, net of issue discount 1,740,000 3,800,000
Total Current Liabilities 7,057,806 12,739,447
Non-current Liabilities:    
Operating lease liability, net of current portion 58,794
Lines of credit, net of current portion 1,392,797  
Deferred tax liability 732,078 754,698
Total Liabilities 9,241,475 13,494,145
Commitments and Contingencies (Note 13)
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 500,000,000 shares authorized; 28,723,624 shares and 7,490,896 shares issued and outstanding, respectively 104,773 74,909
Additional paid-in capital 32,738,108 28,853,520
Retained deficit (38,058,101) (36,211,496)
Accumulated other comprehensive income 11,326,102 11,573,065
Total Stockholders’ Equity 6,110,882 4,289,998
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 15,352,357 17,784,143
Related Party    
Current Liabilities:    
Borrowings from related parties $ 1,109,453 $ 2,475,840