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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 89,972,591 $ 100,301,986
Accounts receivable 3,060,565 4,877,106
Inventories, net 523,628 690,087
Prepayments and deposits 2,930,094 1,332,970
Other receivable 559 559
Total Current Assets 96,487,437 107,202,708
Non-Current Assets    
Property, plant and equipment, net 132,848,600 137,994,949
Finance lease right-of use assets 174,293 179,526
Operating lease right-of-use assets 8,429,714 8,817,884
Prepaid land leases, net of current portion 9,349,625 9,115,276
Deferred tax assets 17,498,544 15,940,642
Total Non-Current assets 168,300,776 172,048,277
Total Assets 264,788,213 279,250,985
Current Liabilities    
Accounts and other payable and accrued expenses 1,086,958 1,106,048
Retention payable 0 3,805,483
Taxes payable-current 1,085,061 779,623
Finance lease liability, current portion 137,103 198,506
Operating lease liabilities, current portion 429,771 416,604
Total Current Liabilities 2,738,893 6,306,264
Non-Current Liabilities    
Finance lease liability, net of current portion 1,740,882 1,905,772
Operating lease liabilities, net of current portion 7,279,206 7,931,849
Total Non-Current Liabilities 9,020,088 9,837,621
Total Liabilities 11,758,981 16,143,885
Commitment and Loss Contingencies
Stockholders Equity    
PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding 0 0
COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 9,563,257 and 9,563,257 shares issued; and 9,517,427 and 9,517,427 shares outstanding as of June 30, 2020 and December 31, 2019, respectively 23,904 23,904
Treasury stock; 45,830 and 45,830 shares as of June 30, 2020 and December 31, 2019 at cost (510,329) (510,329)
Additional paid-in capital 95,043,388 95,043,388
Retained earnings unappropriated 154,024,022 159,808,400
Retained earnings appropriated 24,233,544 24,233,544
Accumulated other comprehensive loss (19,785,297) (15,491,807)
Total Stockholders' Equity 253,029,232 263,107,100
Total Liabilities and Stockholders' Equity $ 264,788,213 $ 279,250,985