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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
NET REVENUE    
Net revenue $ 557,670 $ 38,570
OPERATING INCOME (EXPENSE)    
Cost of net revenue (921,320) (36,407)
Sales, marketing and other operating expenses (2,243) 0
Direct labor and factory overheads incurred during plant shutdown (3,610,423) (4,293,022)
General and administrative expenses (843,337) (2,105,171)
Other operating income (loss) (15,776) 0
Total Costs and Expenses (5,393,099) (6,434,600)
LOSS FROM OPERATIONS (4,835,429) (6,396,030)
OTHER INCOME (EXPENSE)    
Interest expense (35,428) (38,824)
Interest income 74,656 135,579
LOSS BEFORE TAXES (4,796,201) (6,299,275)
INCOME TAX BENEFIT 1,256,443 1,395,137
NET LOSS (3,539,758) (4,904,138)
COMPREHENSIVE LOSS:    
NET LOSS (3,539,758) (4,904,138)
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustments (4,515,359) 6,166,350
COMPREHENSIVE INCOME (LOSS) $ (8,055,117) $ 1,262,212
LOSS PER SHARE:    
BASIC $ (.37) $ (.52)
DILUTED $ (0.37) $ (.52)
WEIGHTED AVERAGE NUMBER OF SHARES:    
BASIC 9,517,427 9,377,312
DILUTED 9,517,427 9,377,312