Note 6 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

6

- PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	As of December 31, 2019			As of December 31, 2018
Land	$	2,010,253		$	1,608,647
Buildings and improvements		26,903,528			18,784,628
Machinery and equipment		13,412,961			10,160,205
Motor vehicles		23,841,730			10,267,095
Subtotal		66,168,472			40,820,575
Less: accumulated depreciation		(28,630,325	)		(18,170,554	)
Property and equipment, net	$	37,538,147		$	22,650,021

Depreciation expense was

$3,251,162

and

$2,134,832

for the years ended

December 31, 2019

and

2018,

respectively.