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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (924,718) $ (8,420,044)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Interest on capital lease obligation 135,707 135,936
Depreciation and amortization 20,543,425 15,987,860
Unrealized translation difference 782,660 1,832,026
Deferred tax asset 6,298,218 (1,108,471)
Stock-based compensation expense 3,134,080 2,392,163
Shares issued from treasury stock for services 0 0
Changes in assets and liabilities    
Accounts receivable (7,749,127) (1,161,704)
Inventories (259,999) 292,101
Prepayment and deposits (2,849,670) (6,925)
Other receivables (85)
Accounts and other payable and accrued expenses 2,856,504 342,790
Amount due to a related party 1,852,230
Taxes payable (534,307) (449,915)
Prepaid land leases (372,259)
Operating lease 26,251 (157,931)
Net cash provided by (used in) operating activities 23,311,169 9,305,627
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (30,093,140) (21,719,369)
Net cash used in investing activities (30,093,140) (21,719,369)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance lease obligation (290,597) (264,976)
Net cash used in financing activities (290,597) (264,976)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 8,617,293 6,599,270
NET DECREASE IN CASH AND CASH EQUIVALENTS 1,544,725 (6,079,448)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 94,222,538 100,301,986
CASH AND CASH EQUIVALENTS - END OF YEAR 95,767,263 94,222,538
Cash paid during the year for:    
Interest on finance lease obligation 136,709 136,774
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchase of property, plant and equipment included in payables and accrued expenses $ 0 $ 3,537,644