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Employee Benefit Plan
9 Months Ended
Sep. 30, 2022
Employee Benefit Plan [Abstract]  
Employee Benefit Plan

22. Employee Benefit Plan

 

Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to the employees. The Company accrues for these benefits based on certain percentages of the employees’ salaries, up to a maximum amount specified by the local government. The total employee benefits expensed as incurred were $ 408,988 (RMB2,646,611) and $474,986 (RMB3,277,830) for the three months ended September 30, 2021 and 2022, respectively. The total employee benefits expensed as incurred were $997,066 (RMB6,452,712) and $1,652,336 (RMB10,902,111) for the nine months ended September 30, 2021 and 2022, respectively.