Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of operating lease related assets and liabilities

The table below presents the operating lease related assets and liabilities recorded on the Company’s consolidated balance sheets:

	As of		As of
	September 30, 2022		December 31, 2021
	USD		USD
Operating lease right-of-use assets	$	9,631,504	$	8,087,969
Operating lease liabilities – current	$	1,238,857	$	1,315,848
Operating lease liabilities – noncurrent		8,491,300		6,884,794
Total operating lease liabilities	$	9,730,157	$	8,200,642

Schedule of information relating to the lease term and discount rate

Information relating to the lease term and discount rate are as follows:

	As of		As of
	September 30, 2022		December 31, 2021
Weighted-average remaining lease term
Operating leases	5.3 years		5.4 years
Weighted-average discount rate
Operating leases	4.7	%	4.7	%

Schedule of maturities of operating lease liabilities

As of September 30, 2022, the maturities of operating lease liabilities were as follows:

For the 12 months ending September 30,
2023	$	1,924,908
2024		1,973,586
2025		1,790,474
2026		1,687,585
2027		1,738,052
Thereafter		2,076,697
Total lease payments		11,191,302
Less: imputed interest		(1,461,145)
Present value of lease liabilities	$	9,730,157