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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
Common Stock
Share Subscription Receivables
Additional Paid-in Capital
Retained Earnings Statutory Reserve
Retained Earnings Unrestricted
Accumulated Other Comprehensive Income (Loss)
Total
BALANCE at Dec. 31, 2017 $ 9,000 $ (5,506,775) $ 7,746,086 $ 251,360 $ 2,252,267 $ 288,649 $ 5,040,587
BALANCE (in Shares) at Dec. 31, 2017 [1] 9,000,000            
Capital contribution   4,659,689         4,659,689
Capital distribution due to reorganization     (3,630,448)       (3,630,448)
Net income for the year         2,854,887   2,854,887
Foreign currency translation adjustment           (419,684) (419,684)
Appropriation to statutory reserves       286,514 (286,514)    
BALANCE at Dec. 31, 2018 $ 9,000 (847,086) 4,115,638 537,874 4,820,640 (131,035) 8,505,031
BALANCE (in Shares) at Dec. 31, 2018 [1] 9,000,000            
Net income for the year         1,642,794   1,642,794
Foreign currency translation adjustment           (121,195) (121,195)
Appropriation to statutory reserves       222,601 (222,601)    
BALANCE at Dec. 31, 2019 $ 9,000 (847,086) 4,115,638 760,475 6,240,833 (252,230) 10,026,630
BALANCE (in Shares) at Dec. 31, 2019 [1] 9,000,000            
Net income for the year         782,296   782,296
Issuance of shares through initial public offering $ 3,354   10,955,449       10,958,803
Issuance of shares through initial public offering (in Shares) [1] 3,354,040            
Capitalization of listing expenses     (1,246,267)       (1,246,267)
Foreign currency translation adjustment           752,828 752,828
Appropriation to statutory reserves       117,411 (117,411)    
BALANCE at Dec. 31, 2020 $ 12,354 $ (847,086) $ 13,824,820 $ 877,886 $ 6,905,718 $ 500,598 $ 21,274,290
BALANCE (in Shares) at Dec. 31, 2020 [1] 12,354,040            
[1] Giving retroactive effect to the re-denomination and nominal issuance of shares effected on February 12, 2020, and the surrender and cancellation of shares effected on May 21, 2020.