XML 57 R46.htm IDEA: XBRL DOCUMENT v3.23.3
Lease (Tables)
 9 Months Ended
Sep. 30, 2023
Lease [Abstract]  
Schedule of Prepaid Land Use Rights (a) Prepaid land use rights
   Prepaid  
   land 
    lease payments 
Balance as of January 1, 2022  $13,797,230 
Amortization charge for the year   (338,706)
Foreign exchange adjustment   (1,097,361)
Balance as of December 31, 2022   12,361,163 
Amortization charge for the period   (236,173)
Foreign exchange adjustment   (621,203)
Balance as of September 30, 2023  $11,503,787 
Schedule of Operating Lease Expenses Operating lease expenses for the three and nine months ended September 30, 2022 and 2023 for the capitation agreement was as follows:
   Three months ended
September 30,		   Nine months ended
September 30,		 
   2022   2023   2022   2023 
Operating lease cost – straight line  $78,845   $110,057   $437,502   $375,804 
(c) Company as lessee - Finance lease
   December 31,   September 30, 
   2022   2023 
Property, plant and equipment, at cost  $1,890,396   $
           -
 
Accumulated depreciation   (251,626)   
-
 
Impairment   (662,006)   
-
 
Property, plant and equipment, net under finance lease   976,764    
-
 
           
Finance lease liabilities, current   844,297    
-
 
Finance lease liabilities, non-current   
-
    
-
 
Total finance lease liabilities  $844,297   $
-
 
   Three months ended
September 30,		   Nine months ended
September 30,		 
   2022   2023   2022   2023 
Finance lease cost:                
Depreciation of assets   31,343    13,389    31,343    102,999 
Interest of lease liabilities   6,235    1,511    6,235    11,622 
Total lease expense  $37,578   $14,900   $37,578   $114,621 
   December 31,
2022		   September 30,
2023		 
Weighted-average remaining lease term        
Land use rights   37.9    37.2 
Operating lease   3.39    3.15 
Finance lease   0.5    
-
 
           
Weighted-average discount rate          
Land use rights   Nil    Nil 
Operating lease   4.94%   4.75%
Finance lease   1.40%   
-
%
Schedule of Maturities of Lease Liabilities The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2023 were as follows:
   Operating
leases		   Finance
leases		 
         
Remainder of 2023  $187,092   $
       -
 
2024   285,441    
-
 
2025   262,243    
-
 
2026   137,479    
-
 
2027   11,983    
-
 
Thereafter   
-
    
-
 
Total undiscounted cash flows   884,238    
-
 
Less: imputed interest   (55,524)   
-
 
Present value of lease liabilities  $828,714   $
-
 

 
Schedule of Supplemental Cash Flow Information Supplemental cash flow information related to leases where the Company was the lessee for the three and nine months ended September 30, 2022 and 2023 was as follows:
   Three months ended
September 30,		   Nine months ended
September 30,		 
   2022   2023   2022   2023 
Operating cash outflows from operating assets  $53,345   $92,457   $268,740   $483,932