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v3.23.1

Property, Plant and Equipment and Construction in Progress (Tables) | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Schedule of property, plant and equipment |
|  | As of |
|  | December 31, 2022 |  |  | December 31, 2021 |
Buildings |  | $ | 11,781,256 |  |  | $ | 12,751,105 |
Machinery |  |  | 21,010,613 |  |  |  | 21,930,452 |
Motor vehicles |  |  | 315,708 |  |  |  | 341,697 |
Electronic equipment |  |  | 223,806 |  |  |  | 206,122 |
Fixed assets decoration* |  |  | - |  |  |  | - |
Total property plant and equipment, at cost |  |  | 33,331,383 |  |  |  | 35,229,376 |
Less: accumulated depreciation |  |  | (17,763,247 | ) |  |  | (16,679,022 | )
Property, plant and equipment, net |  | $ | 15,568,136 |  |  | $ | 18,550,354 |
Construction in process |  |  | 17,078 |  |  |  | 407,199 |
Total |  | $ | 15,585,214 |  |  | $ | 18,957,553 |
Schedule of assets used as security |
|  | As of |
|  | December 31, 2022 |  |  | December 31, 2021 |
Buildings, net |  | $ | 9,599,313 |  |  | $ | 11,314,916 |
Machinery, net |  |  | - |  |  |  | 2,201,707 |
Total |  |  | 9,599,313 |  |  |  | 13,516,623 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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