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v3.22.2.2

Trade and Bills Payable | 6 Months Ended
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Jun. 30, 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 June 30, 2022 consisted of the followings:
|  | December 31, |  |  | June 30, |
|  | 2021 |  |  | 2022 |
Trade accounts payable |  | $ | 40,352,638 |  |  | $ | 40,477,948 |
Bills payable |  |  |  |  |  |  |  |
– Bank acceptance bills |  |  | 25,023,574 |  |  |  | 40,033,246 |
|  | $ | 65,376,212 |  |  | $ | 80,511,194 |
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 $2.3 million of the Company’s bills receivable as of December 31, 2021 and June 30, 2022, respectively (Note 3).
| (iii) | the Company’s prepaid land use rights (note 9)

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