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Loans (Tables)
 9 Months Ended
Sep. 30, 2020
Loans [Abstract]  
Schedule of debt
   December 31,   September 30, 
   2019   2020 
Short-term bank loan  $5,730,289   $5,876,289 
Current maturities of long-term bank loans   10,844,463    20,721,649 
Long-term bank borrowings   9,519,029    - 
   $26,093,781   $26,597,938 
Schedule of facilities secured by the company's assets
   December 31,   September 30, 
   2019   2020 
Pledged deposits (note 2)  $4,021,255   $6,488,306 
Right-of-use assets (note 9)   7,194,195    7,253,386 
Buildings   17,683,961    16,855,060 
Machinery and equipment   7,196,810    6,563,940 
   $36,096,221   $37,160,692 
Schedule of other short-term loan
      December 31,   September 30, 
   Note  2019   2020 
Advance from related parties           
– Mr. Xiangqian Li, the Company's Former CEO  (a)   100,000    100,000 
– Mr. Yunfei Li  (b)   212,470    218,943 
– Shareholders  (c)   86,679    88,888 
       399,149    407,831 
Advances from unrelated third party             
– Mr. Wenwu Yu  (d)   30,135    30,903 
– Mr. Longqian Peng  (d)   646,273    662,739 
– Mr. Shulin Yu.  (e)   517,018    530,191 
– Jilin Province Trust Co. Ltd  (f)   5,687,204    3,564,065 
– Suzhou Zhengyuanwei Needle Ce Co., Ltd  (g)   71,808    73,638 
       6,952,438    4,861,536 
      $7,351,587   $5,269,367 

  

  (a) Advances from Mr. Xiangqian Li, the Company's former CEO, was unsecured, non-interest bearing and repayable on demand.
     
  (b) Advances from Mr. Yunfei Li, the Company's CEO, was unsecured, non-interest bearing and repayable on demand.

 

  (c)

The earnest money paid by certain shareholders in relation to share purchase (note 1) were unsecured, non-interest bearing and repayable on demand.

 

In 2019, according to the investment agreements and agreed by the investors, the Company returned earnest money of $949,317 (approximately RMB6.7 million) to these investors.