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Condensed Consolidated Statements of Cash Flows (Unaudited)
 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Cash flows from operating activities    
Net income (loss) $ 620,439 $ 848,040
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,168,060 5,726,020
Provision for doubtful accounts and bad debts written off 273,136 68,651
Amortization of operating lease 397,481 437,502
Write-down of inventories 2,074,233 1,177,891
Share-based compensation 959,833 57,152
Changes in fair value of warrants liability (136,000) (4,699,000)
Loss on disposal of property, plant and equipment 2,705,233
Changes in operating assets and liabilities:    
Trade and bills receivable (20,463,675) 24,379,828
Inventories 7,766,141 (29,001,132)
Prepayments and other receivable (1,823,889) 6,752,833
Investment in sales-type lease 347,903
Trade and bills payable 24,935,040 13,099,248
Accrued expenses and other payables and product warranty provisions (3,760,511) (303,703)
Operating lease liabilities (430,127) (310,756)
Trade receivable from and payables to former subsidiaries 5,102,972 (4,659,713)
Income tax recoverable 134,258 (15,215)
Deferred tax assets (1,072,434) 84,230
Net cash provided by operating activities 20,744,957 16,695,012
Cash flows from investing activities    
Deposit paid for acquisition of long-term investment (3,799,522)
Purchases of property, plant and equipment and construction in progress (24,937,832) (9,761,089)
Proceeds on disposal of property, plant and equipment 140,831
Investment in equity method investment (303,122)
Net cash used in investing activities (28,737,354) (9,923,380)
Cash flows from financing activities    
Proceeds from bank borrowings 36,355,590 11,981,490
Repayment of bank borrowings (16,649,590) (1,515,611)
Repayment of borrowings from Mr. Ye Junnan (3,789,027)
Borrowings from a shareholder 199,942
Repayment of borrowings from a shareholder (259,960)
Borrowings from a related party 1,515,611
Capital injection from non-controlling interests 1,433,187
Borrowings from unrelated parties 1,515,611
Repayment of borrowings from a unrelated party (279,231)
Proceeds from finance lease 1,515,611
Principal payments of finance leases (841,729) (256,138)
Net cash provided by financing activities 18,525,022 12,400,734
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2,200,580) (3,890,380)
Net increase in cash and cash equivalents and restricted cash 8,332,045 15,281,986
Cash and cash equivalents and restricted cash at the beginning of period 37,356,076 26,354,624
Cash and cash equivalents and restricted cash at the end of period 45,688,121 41,636,610
Supplemental non-cash investing and financing activities:    
Transfer of construction in progress to property, plant and equipment 15,174,632 22,287,410
Lease liabilities arising from obtaining right-of-use assets 93,074 213,677
Cash paid during the year for:    
Income taxes 60,666
Interest, net of amounts capitalized $ 124,780 $ 476,298