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Lease (Tables) | 3 Months Ended
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Mar. 31, 2022
Lease [Abstract] |
Schedule of prepaid land use rights |
|  | Prepaid |
|  | land |
|  | lease payments |
Balance as of January 1, 2021 |  | $ | 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 |
Amortization charge for the period |  |  | (89,718 | )
Foreign exchange adjustment |  |  | 30,359 |
Balance as of March 31, 2022 |  | $ | 13,737,871 |
Schedule of net investment in sales-type leases |
|  | December 31, |  |  | March 31, |
|  | 2021 |  |  | 2022 |
Total future minimum lease payments receivable |  | $ | 1,737,817 |  |  |  | 1,587,106 |
Less: unearned income, representing interest |  |  | (108,773 | ) |  |  | (79,911 | )
Present value of minimum lease payments receivables |  |  | 1,629,044 |  |  |  | 1,507,195 |
Less: Current portion |  |  | (790,516 | ) |  |  | (792,262 | )
Non-current portion |  | $ | 838,528 |  |  |  | 714,933 |
Schedule of future minimum lease payments receivable for sales type leases |
Fiscal years ending |  | Total Minimum Lease Payments to be Received |  |  | Amortization of Unearned Income |  |  | Net Investment in Sales Type Leases |
Remainder of 2022 |  | $ | 710,287 |  |  | $ | 56,764 |  |  | $ | 653,523 |
2023 |  |  | 685,055 |  |  |  | 22,568 |  |  |  | 662,487 |
2024 |  |  | 191,764 |  |  |  | 579 |  |  |  | 191,185 |
2025 |  |  | - |  |  |  | - |  |  |  | - |
2026 |  |  | - |  |  |  | - |  |  |  | - |
Thereafter |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 1,587,106 |  |  |  | 79,911 |  |  |  | 1,507,195 |
Schedule of operating lease expenses |
|  | March 31, 2021 |  |  | March 31, 2022 |
Operating lease cost – straight line |  | $ | 11,321 |  |  | $ | 212,691 |
Total lease expense |  | $ | 11,321 |  |  | $ | 212,691 |
Schedule of maturities of lease liabilities |
|  | Operating leases |
Remainder of 2022 |  | $ | 737,297 |
2023 |  |  | 770,767 |
2024 |  |  | 41,235 |
2025 |  |  | 41,859 |
2026 |  |  | 37,472 |
Thereafter |  |  | - |
Total undiscounted cash flows |  |  | 1,628,630 |
Less: imputed interest |  |  | (79,666 | )
Present value of lease liabilities |  | $ | 1,548,964 |
Schedule of lease term and discount rate |
|  | December 31, 2021 |  |  | March 31, 2022 |
Weighted-average remaining lease term |  |  |  |  |  |
Land use rights |  |  | 38.9 |  |  |  | 38.7 |
Operating leases |  |  | 2.32 |  |  |  | 2.32 |
Weighted-average discount rate |  |  |  |  |  |  |  |
Land use rights |  |  | Nil |  |  |  | Nil |
Operating leases |  |  | 5.88 | % |  |  | 5.39 | %
Schedule of supplemental cash flow |
|  | March 31, 2021 |  |  | March 31, 2022 |
Operating cash outflows from operating assets |  | $ | 135,379 |  |  | $ | 32,451 |

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