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Lease (Tables)
12 Months Ended
Dec. 31, 2021
Lease [Abstract]  
Schedule of prepaid land use rights
   Prepaid
land lease
payments
 
Balance as of January 1, 2020  $7,194,195 
Amortization charge for the year   (162,763)
Foreign exchange adjustment   469,348 
Balance as of December 31, 2020   7,500,780 
Addition for the year   6,188,764 
Amortization charge for the year   (189,044)
Foreign exchange adjustment   296,730 
Balance as of December 31, 2021  $13,797,230 

 

Schedule of net investment in sales-type leases
   December 31,   December 31, 
   2020   2021 
Total future minimum lease payments receivable  $1,210,305    1,737,817 
Less: unearned income, representing interest   (124,653)   (108,773)
Present value of minimum lease payments receivables   1,085,652    1,629,044 
Less: Current portion   (235,245)   (790,516)
Non-current portion  $850,407    838,528 

 

Schedule of future minimum lease payments receivable for sales type leases
Fiscal years ending December  Total
Minimum
Lease
Payments to
be Received
   Amortization
of Unearned
Income
   Net
Investment
in Sales
Type Leases
 
2022  $862,929   $72,413   $790,516 
2023   683,546    33,589    649,957 
2024   191,342    2,771    188,571 
2025   
-
    
-
    
-
 
2026   
-
    
-
    
-
 
Thereafter   
-
    
-
    
-
 
    1,737,817    108,773    1,629,044 

 

Schedule of operating lease expenses
   December 31,
2020
   December 31,
2021
 
Operating lease cost – straight line  $
            -
   $477,569 
Total lease expense  $
-
   $477,569 

 

Schedule of maturities of lease liabilities
   Operating
leases
 
Fiscal years ending December   
2022  $876,291 
2023   876,672 
2024   10,027 
2025   10,027 
2026   5,012 
Thereafter   
-
 
Total undiscounted cash flows   1,778,029 
Less: imputed interest   (99,909)
Present value of lease liabilities  $1,678,120 

 

Schedule of lease term and discount rate
   December 31,
2020
   December 31,
2021
 
Weighted-average remaining lease term        
Land use rights   43    38.4 
Operating leases   
-
    2.32 
           
Weighted-average discount rate          
Land use rights   
Nil
    
Nil
 
Operating leases   
-
    5.88%