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Product Warranty Provisions (Tables)

12 Months Ended

Dec. 31, 2020

Product Warranty Provisions [Abstract]

Schedule of accrued warranty activity

		December 31, 2019				December 31, 2020
Balance at beginning of year		$	2,250,615			$	2,246,933
Warranty costs incurred			(85,397	)			(395,864	)
Provision for the year			109,248				12,998
Foreign exchange adjustment			(27,533	)			127,538
Balance at end of year			2,246,933				1,991,605
Less: Current portion			-				(155,888	)
Non-current portion		$	2,246,933			$	1,835,717

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- References

No definition available.

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

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