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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 12,664,392 $ 15,072,947
Short-term investments 2,934,208 2,032,928
Accounts receivable, net 10,422,980 10,321,837
Prepayments 139,202 554,298
Loan due from a third party 1,390,000  
Other current assets 1,613,051 1,613,408
Total Current Assets 29,163,833 29,595,418
Investment in a limited partnership 1,273,561 1,258,787
Property and equipment, net 2,811,331 1,997,761
Deposit and prepayment for properties 1,661,784 700,884
Prepayments for lease of land 360,332 367,588
Intangible assets, net 32,625 34,973
Right of use assets 158,656 65,137
Deferred tax assets 1,291,333 795,547
Total Assets 36,753,455 34,816,095
Current Liabilities    
Accounts payable 469,244 408,426
Advances from customers 77,002 6,760
Income tax payable 2,016,754 1,523,175
Operating lease liabilities, current portion 130,949 62,160
Accrued expenses and other liabilities 927,863 981,433
Total Current Liabilities 3,621,812 2,981,954
Operating lease liabilities, noncurrent portion 12,764  
Total Liabilities 3,634,576 2,981,954
Commitments and Contingencies
Shareholders’ Equity    
Class A Ordinary Share (par value $0.0001 per share, 450,000,000 shares authorized; 19,435,423 shares issued and outstanding at June 30, 2010 and December 31, 2020, respectively) 1,944 1,944
Class B Ordinary Share (par value $0.0001 per share, 50,000,000 shares authorized; 5,497,715 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively) 550 550
Additional paid-in capital 22,864,656 22,775,154
Statutory reserve 801,502 801,502
Retained earnings 8,341,337 7,339,778
Accumulated other comprehensive income 1,108,890 915,213
Total Shareholders’ Equity 33,118,879 31,834,141
Total Liabilities and Shareholders’ Equity $ 36,753,455 $ 34,816,095