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Consolidated Statements of Changes In Shareholders' Equity - USD ($)
Common Stock
Additional paid in capital
Statutory reserve
Retained earnings
Accumulated other comprehensive Income (loss)
Noncontrolling interest
Total
Balance at Dec. 31, 2016 $ 15,757 $ 29,845,442 $ 4,017,957 $ 16,976,133 $ (1,520,750) $ 137,243 $ 49,471,782
Balance, shares at Dec. 31, 2016 15,756,500            
Issuance of common stock $ 24 58,843 58,867
Issuance of common stock, shares 23,705            
Net income 6,277,797 12,875 6,290,672
Appropriations to statutory reserve 599,082 (599,082)
Foreign currency translation loss/gain 2,172,347 2,172,347
Balance at Dec. 31, 2017 $ 15,781 29,904,285 4,617,039 22,654,848 651,597 150,118 57,993,668
Balance, shares at Dec. 31, 2017 15,780,205            
Issuance of common stock $ 16 105,260 105,276
Issuance of common stock, shares 15,705            
Net income 9,863,492 (104,533) 9,758,959
Appropriations to statutory reserve 915,906 (915,906)
Foreign currency translation loss/gain (3,123,851) (3,123,851)
Balance at Dec. 31, 2018 $ 15,797 30,009,545 5,532,945 31,602,434 (2,472,254) 45,585 64,734,052
Balance, shares at Dec. 31, 2018 15,795,910            
Issuance of common stock $ 7 48,286 48,293
Issuance of common stock, shares 7,853            
Net income       15,015,220 (92,594) 14,922,626
Appropriations to statutory reserve 1,429,445 (1,429,445)
Foreign currency translation loss/gain (636,386) (636,386)
Balance at Dec. 31, 2019 $ 15,804 $ 30,057,831 $ 6,962,390 $ 45,188,209 $ (3,108,640) $ (47,009) $ 79,068,585
Balance, shares at Dec. 31, 2019 15,803,763