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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Text Block [Abstract]  
Schedule of capital lease commitments for revenue equipment
   Minimum lease
payments
   Present value of
minimum lease
payments
 
12 months ending December 31,          
2022  $2,641,587   $2,267,248 
2023   136,063    121,407 
2024   91,323    79,305 
Thereafter   
-
    
-
 
Total   2,868,973    2,467,960 
Less: amount representing interest   (401,013)   
-
 
Present value of minimum lease payments  $2,467,960   $2,467,960 
Less: current maturities       (2,267,248)
Capital lease obligations, long-term      $200,712 

  

   Minimum lease
payments
   Present value of
minimum lease
payments
 
12 months ending December 31,        
2021  $56,288   $51,135 
2022   29,815    27,989 
Thereafter   
-
    
-
 
Total   86,103    79,124 
Less: amount representing interest   (6,979)   
-
 
Present value of minimum lease payments  $79,124   $79,124 
Less: current maturities        (51,135)
Capital lease obligations, long-term       $27,989 

 

Schedule of revenue equipment under capital lease
Name of institution  Maturities   Interest
rate
   Carrying
amount of pledged 
revenue equipment as of December, 2021
   Carrying 
amount of pledged revenue equipment as of December, 2020
 
China KangFu International Leasing Co., Ltd.   From December 3, 2020 to December 12, 2022    11.8%  $124,293   $53,500 
ShanDong HOWO Auto Finance Co., Ltd.   From June 20, 2019 to May 15, 2021    3.4%   
-
    95,833 
ShanDong HOWO Auto Finance Co., Ltd.   From March 26, 2021 to March 26, 2024    4%   287,477    
-
 
Other institutions*   From January 7, 2019 to July 1, 2024    5.4%  $9,980,931   $
-
 
            $10,392,701   $149,333 

 

Schedule of future minimum lease payments under the non-cancellable operating lease
12 months ending December 31,    
2022   112,387 
2023   99,899 
Future minimum operating lease payments  $212,286 

 

12 months ending December 31,    
2021   467,207 
2022   109,762 
2023   97,566 
Future minimum operating lease payments  $674,535