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Lease (Tables)
9 Months Ended
Sep. 30, 2021
Lease [Abstract]  
Schedule of right-of-use assets
   Prepaid
land lease
payments
 
Balance as of January 1, 2021  $7,500,780 
Amortization charge for the period   (130,211)
Foreign exchange adjustment   94,857 
Balance as of September 30, 2021  $7,465,426 

 

Schedule of net investment in sales-type leases
   December 31,   September 30, 
   2020   2021 
Total future minimum lease payments receivable  $1,210,305   $1,950,163 
Less: unearned income, representing interest   (124,653)   (130,783)
Present value of minimum lease payments receivables   1,085,652    1,819,380 
Less: Current portion   (235,245)   (838,649)
Non-current portion  $850,407   $980,731 

 

Schedule of future minimum lease payments receivable for sales type leases
12 months ending September 30,  Total
Minimum
Lease
Payments
to be
Received
   Amortization
of Unearned
Income
   Net
Investment
in Sales
Type Leases
 
2022  $919,238   $80,589   $838,649 
2023   678,840    42,903    635,937 
2024   352,085    7,291    344,794 
2025   
-
    
-
    
-
 
2026   
-
    
-
    
-
 
Thereafter   
-
    
-
    
-
 
   $1,950,163   $130,783   $1,819,380 

 

Schedule of maturities of lease liabilities
   Operating
leases
 
12 months ending September 30,    
2022  $835,158 
2023   835,158 
2024   
-
 
2025   
-
 
Thereafter   
-
 
Total undiscounted cash flows   1,670,316 
Less: imputed interest   (115,646)
Present value of lease liabilities  $1,554,670 

  

Schedule of lease term and discount rate
Lease term and discount rate    
     
  

September 30,

2021

 
Weighted-average remaining lease term - years   2.69 
Weighted-average discount rate (%)   6.175%

 

Schedule of operating lease expenses
   Three months ended
September 30,
   Nine months ended
September 30,
 
   2020   2021   2020   2021 
                 
Operating lease cost – straight line   
    -
    175,932    
      -
    290,051 
Total lease expense   
-
    175,932   $
-
   $290,051