XML 61 R50.htm IDEA: XBRL DOCUMENT v3.22.1
Accrued Expenses and Other Payables (Tables)
 3 Months Ended
Mar. 31, 2022
Accrued Expenses and Other Payables [Abstract]  
Schedule of accrued expenses and other payables
   December 31,   March 31, 
   2021   2022 
Construction costs payable  $2,036,008   $1,529,170 
Equipment purchase payable   8,697,637    8,079,179 
Liquidated damages*   1,210,119    1,210,119 
Accrued staff costs   2,924,105    2,942,699 
Customer deposits   1,420,414    4,671,400 
Deferred revenue   784,000    784,000 
Accrued expenses   4,161,548    3,601,292 
Dividend payable to non-controlling interest   1,444,737    1,446,583 
Other payables   285,132    212,867 
   $22,963,700   $24,477,309 

 

*On August 15, 2006, the SEC declared effective a post-effective amendment that the Company had filed on August 4, 2006, terminating the effectiveness of a resale registration statement on Form SB-2 that had been filed pursuant to a registration rights agreement with certain shareholders to register the resale of shares held by those shareholders. The Company subsequently filed Form S-1 for these shareholders. On December 8, 2006, the Company filed its Annual Report on Form 10-K for the year ended September 30, 2006 (the “2006 Form 10-K”). After the filing of the 2006 Form 10-K, the Company’s previously filed registration statement on Form S-1 was no longer available for resale by the selling shareholders whose shares were included in such Form S-1. Under the registration rights agreement, those selling shareholders became eligible for liquidated damages from the Company relating to the above two events totaling approximately $1,051,000. As of December 31, 2019 and 2020, no liquidated damages relating to both events have been paid.