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Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 22,996,377 $ 9,944,748
Financial assets at fair value through profit or loss - current 1,073,229
Financial assets at amortized cost - current 6,871,187 9,008,499
Contract assets 725,441 1,639,893
Accounts receivable 14,041,611 34,821,818
Inventories 68,629 152,227
Prepayments - current 1,266,442 231,531
Other receivables 648,617 19,930
Other current assets 61,803 5,971
Total current assets 47,753,336 55,824,617
Non-current assets    
Financial assets at amortized cost - non-current   50,578
Property, plant and equipment 16,132,567 34,395,070
Right-of-use assets 16,675 123,375
Intangible assets 56,342 3,419,469
Deferred income tax assets 29,905 410,203
Prepayments - non-current 612,982  
Other non-current assets 659,071 707,391
Total non-current assets 17,507,542 39,106,086
Total assets 65,260,878 94,930,703
Current liabilities    
Short-term borrowings 13,492,935 22,968,092
Contract liabilities 58,475 20,194
Notes payable 602 668
Accounts payable 6,674,528 8,060,501
Other payables 3,620,998 4,532,628
Provisions - current 88,469 152,778
Lease liabilities - current 16,981 54,588
Warrant liabilities 2,042,410  
Long-term borrowings, current portion 2,108,896 2,077,634
Other current liabilities, others 152,373 129,356
Total current liabilities 28,256,667 37,996,439
Non-current liabilities    
Long-term borrowings 8,251,788 10,751,630
Provisions - non-current 61,057 105,542
Deferred income tax liabilities 148,183 78,402
Lease liabilities - non-current   69,587
Total non-current liabilities 8,461,028 11,005,161
Total liabilities 36,717,695 49,001,600
Share capital    
Ordinary share 7,136 6,191,100
Preference share 5,844,892
Advance receipts for share capital 33,720
Capital surplus    
Capital surplus 154,730,389 41,301,738
Retained earnings    
Accumulated deficit (96,984,380) (9,454,565)
Other equity interest    
Financial statements translation differences of foreign operations 370,178 2,042,218
Treasury shares (29,580,140) (30,000)
Equity attributable to owners of the parent 28,543,183 45,929,103
Total equity 28,543,183 45,929,103
Significant contingent liabilities and unrecognized contract commitments    
Total liabilities and equity $ 65,260,878 $ 94,930,703