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Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

		December 31, 2021				June 30, 2022
Computer software at cost		$	108,560			$	102,982
Sewage discharge permit*			1,915,740				1,817,285
			2,024,300				1,920,267
Accumulated amortization			(62,561)				(326,210	)
		$	1,961,739			$	1,594,057

* The Company has not yet obtained the ownership of sewage discharge permit in its Zhejiang manufacturing facilities with a carrying amount of $1,898,675 as of December 31, 2021. The sewage discharge permit was registered under the name of New Era (note 11). The Company has obtained a five years sewage discharge permit on January 27, 2022.

Schedule of finite-lived intangible assets

Remainder of 2022			$	248,478
2023				496,802
2024				496,291
2025				329,467
2026				5,782
Thereafter				17,237
Total			$	1,594,057

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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