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Prepayments and Other Receivables (Tables) | 12 Months Ended
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Dec. 31, 2020
Prepayments and Other Receivables [Abstract] |
Schedule of prepayments and other receivables |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2020 |
Value added tax recoverable |  | $ | 4,124,624 |  |  | $ | 4,524,475 |
Loan receivables |  |  | - |  |  |  | 1,358,637 |
Prepayments to suppliers |  |  | 60,090 |  |  |  | 424,311 |
Deposits |  |  | 63,184 |  |  |  | 17,385 |
Staff advances |  |  | 53,731 |  |  |  | 67,867 |
Prepaid operating expenses |  |  | 317,151 |  |  |  | 529,401 |
Others |  |  | 124,133 |  |  |  | 524,468 |
|  |  | 4,742,913 |  |  |  | 7,446,544 |
Less: Allowance for doubtful accounts |  |  | (7,000 | ) |  |  | (7,000 | )
|  | $ | 4,735,913 |  |  | $ | 7,439,544 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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