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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
NET REVENUE        
Net revenue $ 10,482,185 $ 4,548,542 $ 16,399,338 $ 10,596,521
OPERATING INCOME (EXPENSE)        
Cost of net revenue (6,750,055) (2,403,532) (12,694,271) (5,430,269)
Sales, marketing and other operating expenses (15,785) (5,821) (28,866) (12,434)
Direct labor and factory overheads incurred during plant shutdown (1,538,193) (3,485,383) (6,886,215) (10,653,690)
General and administrative expenses (4,911,970) (5,020,215) (7,297,010) (8,460,733)
Other operating income (loss) 0 0 (15,775) 0
Total Costs and Expenses (13,216,003) (10,914,951) (26,922,137) (24,557,126)
LOSS FROM OPERATIONS (2,733,818) (6,366,409) (10,522,799) (13,960,605)
OTHER INCOME (EXPENSE)        
Interest expense (32,257) (34,310) (102,573) (111,530)
Interest income 70,819 101,130 216,662 369,582
LOSS BEFORE TAXES (2,695,256) (6,299,589) (10,408,710) (13,702,553)
INCOME TAX BENEFIT (EXPENSE) (217,325) (6,729,439) 1,711,751 (4,968,318)
NET LOSS (2,912,581) (13,029,028) (8,696,959) (18,670,871)
COMPREHENSIVE LOSS:        
NET LOSS (2,912,581) (13,029,028) (8,696,959) (18,670,871)
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustments 11,120,339 (8,690,103) 6,826,849 (9,127,344)
COMPREHENSIVE INCOME (LOSS) $ 8,207,758 $ (21,719,131) $ (1,870,110) $ (27,798,215)
LOSS PER SHARE:        
BASIC AND DILUTED $ (0.30) $ (1.37) $ (0.91) $ (1.98)
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC AND DILUTED 9,566,333 9,516,614 9,533,729 9,448,371