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Accrued Expenses and Other Payables (Tables)

12 Months Ended

Dec. 31, 2022

Accrued Expenses and Other Payables [Abstract]

Schedule of accrued expenses and other payables

		December 31,				December 31,
		2021				2022
Construction costs payable		$	2,036,008			$	2,143,730
Equipment purchase payable			8,697,637				9,710,187
Liquidated damages*			1,210,119				1,210,119
Accrued staff costs			2,924,105				2,961,781
Customer deposits			1,420,414				4,845,382
Deferred revenue			784,000				1,869,525
Accrued expenses			4,161,548				2,476,605
Dividend payable to non-controlling interest to Hitrans			1,444,737				1,290,942
Other payable			285,132				182,915
			22,963,700				26,691,186
Less: non-current portion
Deferred revenue			-				1,085,525
		$	22,963,700			$	25,605,661

*

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, 2021 and 2022, no liquidated damages relating to both events have been paid.