Variable Interest Entity (Tables)

12 Months Ended

Dec. 31, 2021

Variable Interest Entity [Abstract]

Schedule of consolidated financial statements

	As of		As of
	December 31,		December 31,
	2021		2020
	USD		USD
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	1,477,065		$373,875
Accounts receivable, net		216,572		5,497,446
Prepayments		575,913		860,007
Other receivables		1,350,331		2,275,695
Loans receivable		3,410,833		-
Amount due from related parties		-		1,038,322
Total current assets		7,030,714		10,045,345
NON-CURRENT ASSET
Property and equipment, net		9,980,931		12,306,603
Deferred tax assets		10		10
Deposits		595,149		-
Goodwill		-		-
Total non-current asset		10,576,090		12,306,613
Total assets	$	17,606,804	$	22,351,958
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Short-term bank borrowings	$	1,647,679	$	996,169
Accounts payable		803,784		894,105
Other payables and accrued liabilities		1,631,610		5,227,416
Amount due to related parties		-		1,256,625
Tax payable		1,859,485		370,459
Current maturities of long-term bank borrowings		-		-
Current portion of capital lease and financing obligations		-		5,288,546
Current maturities of loans from other financial institutions		-		-
Total current liabilities		5,942,558		14,033,320
NON-CURRENT LIABILITIES
Long-term bank borrowings		-		-
Long-term loans from other financial institutions		-		-
Long-term portion of capital lease and financing obligations		2,351,104		2,266,623
Total non-current liabilities		2,351,104		2,266,623
Total liabilities		8,293,662		16,299,943
SHAREHOLDERS’ EQUITY
Ordinary shares: $0.001 par value, 50,000,000 shares authorized, 19,134,277 and 12,354,040 shares issued and outstanding as of December 31, 2021 and 2020, respectively*		1,454,440		-
Share subscription receivables		-		-
Additional paid-in capital		383,721		2,033,236
Statutory reserves		468,522		452,712
Other reserves		325,456		298,759
Retained earnings		6,236,232		3,493,938
Accumulated other comprehensive (loss) income		444,771		(226,630	)
Total shareholders’ equity		9,313,142		6,052,015
Total liabilities and shareholders’ equity	$	17,606,804	$	22,351,958

		For the Years Ended December 31,
		2021		2020
Revenue	$	-	$	-
Net income	$	-	$	-

		For the Years Ended December 31,
		2021		2020
Net cash flows from operating activities	$	-	$	-
Net cash flows from investing activities	$	-	$	-
Net cash flows from financing activities	$	-	$	-