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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 855,971 $ 844,827
Accounts receivable, net 7,544,033 4,391,652
Inventories 1,771,158 1,458,217
Other receivables 83,685 64,836
Prepayments 2,812,156 625,922
Amount due from related parties 337,597  
Deferred expenses 461,331 452,205
Deposits for capital leases-current portion   41,025
Total current assets 13,865,931 7,878,684
Construction in progress 3,240,774
Property and equipment, net 33,162,817 31,455,424
Long term deferred expenses 2,117,763 2,510,460
Deposits for capital leases 967,950 773,041
Right-of-use assets 22,337,517 16,187,280
Total assets 75,692,752 58,804,889
Current Liabilities:    
Accounts payable 12,432,017 6,687,544
Notes payable 629,050 856,490
Deposits received 3,894 98,386
Amount due to related parties 1,242 162,921
Other payable 68,438 57,573
Deferred tax payable 308,491 300,670
Tax payable 420,796  
Payroll payable 1,058,618 1,127,845
Capital lease obligations - current portion 2,676,956 2,464,666
Total current liabilities 17,599,502 11,756,095
Warrant liabilities 7 1,149
Capital lease obligations 20,380,899 14,444,646
Deferred tax payable 3,993,209 3,162,037
Other capital lease payable 616,955 600,537
Total liabilities 42,590,572 29,964,464
Shareholders’ equity    
Common stock; $0.001 par value, 100,000,000 shares authorized; 18,628,569 and 18,246,331 issued and outstanding at December 31, 2021 and 2020, respectively 18,628 18,246
Additional Paid-in capital 23,381,121 23,240,075
Accumulated deficits (1,877,296) (4,109,557)
Other comprehensive income 545,449 (111,016)
Total shareholders’ equity of the Company 22,067,902 19,037,748
Non-controlling interest 11,034,278 9,802,677
Total shareholders’ equity 33,102,180 28,840,425
Total liabilities and shareholders’ equity $ 75,692,752 $ 58,804,889