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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,784,377) $ (5,641,844)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Interest on capital lease obligation 70,009 76,940
Depreciation and amortization 7,559,224 6,964,880
Unrealized exchange gain on translation of inter-company balances (382,331) (44,427)
Deferred tax asset (1,929,553) (1,761,118)
Common stock issued for services 0 21,600
Issuance of stock options to employee 0 45,900
Changes in assets and liabilities:    
Accounts receivable 1,807,547 (6,775,954)
Inventories 152,369 (457,780)
Prepayments and deposits 32,807 (17,037)
Other receivables 0 1,631
Accounts and other payable and accrued expenses (9,284) 321,706
Retention payable 0 0
Taxes payable 298,599 768,072
Prepaid land leases (369,066) 0
Operating leases (268,192) (268,620)
Net cash provided by (used in) by operating activities 1,177,752 (6,766,051)
CASH FLOWS USED IN INVESTING ACTIVITIES    
Purchase of property, plant and equipment (9,860,142) (11,501,738)
Net cash used in investing activities (9,860,142) (11,501,738)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of finance lease obligation (264,976) (275,506)
Net cash used in financing activities (264,976) (275,506)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1,382,029) (101,571)
NET DECREASE IN CASH AND CASH EQUIVALENTS (10,329,395) (18,644,866)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 100,301,986 178,998,935
CASH AND CASH EQUIVALENTS - END OF PERIOD 89,972,591 160,354,069
Cash paid during the period for:    
Income taxes 0 0
Operating right-of-use assets obtained in exchange for lease obligations 0 8,241,818
SUPPLEMENTAL DISCLOSURE OF CASH NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchase of property, plant and equipment included in payable and other accrued expense and retention payable 0 28,094,696
Par value of common stock issued upon cashless exercise of options $ 0 $ 379