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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
NET REVENUE    
Net Revenue $ 28,207,024 $ 10,596,521
OPERATING EXPENSE    
Cost of net revenue (19,415,034) (5,430,269)
Sales, marketing and other operating expenses (42,663) (12,434)
Direct labor and factory overheads incurred during plant shutdown (8,170,390) (15,175,280)
General and administrative expenses (10,239,943) (13,272,921)
Other operating expense (22,386) 0
Total Costs and Expenses (37,890,416) (33,890,904)
LOSS FROM OPERATIONS (9,683,392) (23,294,383)
OTHER INCOME (EXPENSE)    
Interest expense (136,430) (145,445)
Interest income 291,307 446,770
LOSS BEFORE INCOME TAXES (9,528,515) (22,993,058)
INCOME TAX (EXPENSE) BENEFIT 1,108,471 (2,806,987)
NET LOSS (8,420,044) (25,800,045)
COMPREHENSIVE LOSS:    
NET LOSS (8,420,044) (25,800,045)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustments 19,945,054 (5,013,759)
COMPREHENSIVE LOSS $ 11,525,010 $ (30,813,804)
LOSS PER SHARE:    
BASIC AND DILUTED $ (0.87) $ (2.73)
WEIGHTED AVERAGE NUMBER OF SHARES:    
BASIC AND DILUTED 9,650,619 9,465,432