XML 41 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

Lease | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure Text Block [Abstract] |
LEASE | NOTE 15 – LEASES The Company leases its corporate offices and assembly site under operating leases, with initial terms of 3 years and 5.58 years, respectively. Usually within four months prior to the expiration date of a lease, the Company is required to notify the lessor and has a priority to continue renting the lease property if a lessor intends to lease property. The lease itself does not have restrictions or covenants. Any damage, if made by the lessee, to the property and equipment within the property has to been fixed or reimbursed by the lessee. Supplemental cash flow information related to leases for the year ended December 31, 2022 is as follows:
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows paid for operating leases |  | $ | 337,235 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  |  | 2,835,406 |
Supplemental balance sheet information related to leases as of December 31, 2022 is as follows:
Operating leases: |  |  |
Operating lease right-of-use assets |  | $ | 2,627,110 |
Current portion of operating lease liabilities |  | $ | 472,182 |
Long-term operating lease liabilities |  |  | 2,176,130 |
Total operating lease liabilities |  | $ | 2,648,312 |
The following table summarizes the maturity of lease liabilities under operating leases as of December 31, 2022:
For the years ending December 31, |  | Operating Leases |
2023 |  | $ | 593,781 |
2024 |  |  | 585,127 |
2025 |  |  | 589,272 |
2026 |  |  | 606,354 |
Thereafter |  |  | 624,034 |
Total lease payments |  | $ | 2,998,568 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI https://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration