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Accrued Expenses and Other Payables (Tables)

3 Months Ended

Mar. 31, 2024

Accrued Expenses and Other Payables

Schedule of accrued expenses and other payables

		March 31, 2024				December 31, 2023
		(Unaudited)
Customer deposits		$	269,169			$	384,232
Accrued operating and project payables			4,804,783				7,460,887
Payable to Uonone (See Note 15)			2,498,726				2,551,458
Accrued compensation expenses			1,700,291				2,387,574
Retainage payable to vendors			826,292				802,886
Preacquisition liability			1,486,273				1,517,639
Accrued settlement			276,428				276,428
Accrued warranty expense			243,372				248,508
VAT taxes payable			818,063				697,480
Income taxes payable			10,023				139,659
Refundable vendor bid deposits			13,852				14,145
Total accrued expenses and other payables		$	12,947,272			$	16,480,896

Schedule of warranty liability

		Three Months Ended March 31,
		2024				2023
		(Unaudited)
Balance – beginning of period		$	2,174,488			$	2,411,637
Provision for warranty liability			61,466				152,231
Expenditures and adjustments			(143,120	)			(29,006	)
Effect of exchange rate			(5,136	)			8,752
Balance – end of period			2,087,698				2,543,614
Less: current portion (accrued expenses and other payables)			(243,372	)			(255,859	)
Non-current portion (other liabilities)		$	1,844,326			$	2,287,755

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- References

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482425/460-10-50-8

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