Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Note 6 — Property and equipment, net

Property and equipment, net consist of the following:

	As of		As of
	September 30, 2022		December 31, 2021
		USD		USD
Leasehold Improvements	$	1,034,784	$	1,043,187
Machinery and equipment		2,222,135		2,240,263
Furniture and fixtures		506,849		501,619
Vehicles		147,912		178,824
Molds		26,377		26,377
Prepayment for purchase of building and sub-lease of land		1,295,924		—
Subtotal		5,233,981		3,990,270
Less: accumulated depreciation		(3,641,399)		(3,602,615)
Total	$	1,592,582	$	387,655

Depreciation expense for the nine months ended September 30, 2022, and 2021 amounted to $139,721 and $149,256, respectively, which were included in general and administrative expenses on the unaudited condensed consolidated statements of income and comprehensive income.