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v3.22.1

Trade and Bills Payable | 3 Months Ended
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Mar. 31, 2022
Trade and Bills Payable [Abstract] |
Trade and Bills Payable | 13. Trade and Bills Payable Trade and bills payable as of December 31, 2021 and March 31, 2022 consisted of the followings:
|  | December 31, |  |  | March 31, |
|  | 2021 |  |  | 2022 |
Trade accounts payable |  | $ | 40,352,638 |  |  | $ | 46,550,602 |
Bills payable |  |  |  |  |  |  |  |
– Bank acceptance bills |  |  | 25,023,574 |  |  |  | 32,719,399 |
|  | $ | 65,376,212 |  |  | $ | 79,270,001 |
All the bills payable are of trading nature and will mature within one year from the issue date. The bank acceptance bills were pledged by:
| (i) | the Company’s bank deposits (Note 2);
| (ii) | $4.4 million and $5.0 million of the Company’s bills receivable as of December 31, 2021 and March 31, 2022, respectively (Note 3).
| (iii) | the Company’s prepaid land use rights (note 9)

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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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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