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Condensed financial information of the parent company
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY
19. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

The subsidiary did not pay any dividend to the parent company for the periods presented. For the purpose of presenting parent only financial information, the parent company records its investment in its subsidiary under the equity method of accounting. Such investment is presented on the separate condensed balance sheets of the parent company as “Investment in subsidiaries and the income of the subsidiary is presented as “share of income of subsidiary”. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted.


The parent company did not have significant capital and other commitments, long-term obligations, or guarantees as of December 31, 2020 and 2019.


PARENT COMPANY BALANCE SHEETS


   December 31,
2020		   December 31,
2019		 
ASSETS        
Cash and cash equivalents  $7,154,881   $48,100 
Due from subsidiaries   713,106    6,800 
Investment in subsidiaries   24,021,154    15,385,144 
Total Assets  $31,889,141   $15,440,044 
           
LIABILITIES AND EQUITY          
Total Liabilities  $55,000   $55,000 
           
Commitments and Contingencies          
           
Shareholders’ Equity          
Class A Ordinary Share (par value $0.0001 per share, 450,000,000 shares authorized; 19,435,423 and 16,102,420 shares issued and outstanding at December 31, 2020 and 2019, respectively)   1,944    1,610 
Class B Ordinary Share (par value $0.0001 per share, 50,000,000 shares authorized; 5,497,715 and 5,497,715 shares issued and outstanding at December 31, 2020 and 2019, respectively)   550    550 
Additional paid-in capital   22,775,154    12,044,855 
Retained earnings   8,141,280    3,682,800 
Accumulated other comprehensive income (loss)   915,213    (344,771)
Total Shareholders’ Equity   31,834,141    15,385,044 
Total Liabilities and Shareholders’ Equity  $31,889,141   $15,440,044 

PARENT COMPANY STATEMENTS OF INCOME AND COMPREHENSIVE INCOME


    For the Years Ended
December 31,		  
    2020     2019     2018  
Equity in gain of subsidiaries   $ 4,470,613     $ 4,046,770     $ 3,019,323  
General and administrative expenses     (12,233 )     (100 )     -  
Net Income     4,458,380       4,046,670       3,019,323  
                         
Other Comprehensive (Loss) Income                        
Foreign currency translation adjustment     1,259,984       (173,604 )     (379,520 )
Comprehensive Income   $ 5,718,364     $ 3,873,066     $ 2,639,803  

PARENT COMPANY STATEMENTS OF CASH FLOWS


    For the Years Ended
December 31,		  
    2020     2019     2018  
Cash Flows from Operating Activities:                  
Net Cash Provided by Operating Activities   $ (700,873 )   $ 48,100     $ -  
                         
Cash Flows from Investing Activities:                        
Investment in a subsidiary     (3,690,000 )     -       -  
Net Cash Used Investing Activities     (3,690,000 )     -       -  
                         
Cash Flows from Financing Activities:                        
Proceeds from issuance of common stocks in connection with initial public offering, net off issuance cost     11,497,654       -       -  
Net Cash Used Financing Activities     11,497,654       -       -  
                         
Net increase in cash and cash equivalents     7,106,781       48,100       -  
Cash and cash equivalents at beginning of year     48,100       -       -  
Cash and cash equivalents at end of year   $ 7,154,881     $ 48,100     $ -