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Trade Accounts and Bills Payable

9 Months Ended

Sep. 30, 2021

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Trade Accounts and Bills Payable

13. Trade Accounts and Bills Payable

Trade accounts and bills payable as of December 31, 2020 and September 30, 2021 consisted of the followings:

		December 31,				September 30,
		2020				2021
Trade accounts payable		$	19,560,793			$	5,396,496
Bills payable
-      Bank acceptance bills (Note 14)			8,791,499				15,653,824
		$	28,352,292			$	21,050,320

All the bills payable are of trading nature and will mature within six months to one year from the issue date.

The bank acceptance bills were pledged by:

(i) the Company’s bank deposits (Note 2);

(ii) $100,828 of the Company’s bills receivable as of September 30, 2021 (Note 3).

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- References

No definition available.

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- Definition

The entire disclosure for other liabilities.

+ 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 210.5-02.20,24)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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