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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of income (loss) before income taxes and non-controlling interest allocation

   For the year ended   For the year ended   For the year ended 
   December 31,
2019
   December 31,
2018
   December 31,
2017
 
United States  $1,904,846   $599,898   $90,466 
Foreign   15,055,213    10,374,099    8,963,428 
Total  $16,960,059   $10,973,997   $9,053,894 

Schedule of significant components of income tax provision

   For the year ended   For the year ended   For the year ended 
   December 31,
2019
   December 31,
2018
   December 31,
2017
 
Current tax provision:               
United States  $17,837   $-   $4,455 
Foreign   2,217,112    595,461    783,915 
                
Deferred tax provision:               
Foreign   319,483    531,275    - 
Total  $2,554,432   $1,126,736   $788,370 

Schedule of table reconciles statutory rates to effective tax rate

   For the year ended
December 31,
   For the year ended
December 31,
   For the year ended
December 31,
 
   2019   2018   2017 
U.S. Statutory rates   21.0%   21.0%   34.0%
Foreign income not recognized in the U.S.   (20.8)   (19.4)   (32.5)
Foreign income tax rate   25.0    25.0    25.0 
Effect of favorable income tax rate in certain entity in PRC   (8.9)   (10.5)   (8.1)
R&D tax credit (1)   (2.6)   (3.5)   (2.4)
Change in valuation allowance   (1.9)   (1.7)   (0.3)
Non-taxable permanent difference (2)   3.3    (0.6)   (7.0)
Effective tax rate   15.1%   10.3%   8.7%

 

(1) From 1 January 2018 to 31 December 2020, for R&D expenses incurred for new technology, new products, or new craftsmanship, an extra 75% of the actual expenses incurred are also tax-deductible as an incentive.

 

(2) It represents expenses incurred by the Company that were not deductible for PRC income tax and income (loss) generated in countries with no income tax obligations.