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Other Long-Term Liabilities
 12 Months Ended
Dec. 31, 2022
Other Long-Term Liabilities [Abstract]  
OTHER LONG-TERM LIABILITIES

NOTE 14 – OTHER LONG-TERM LIABILITIES

 

Other long-term liabilities are summarized as follow:

 

   As of 
   December 31,
2022		   December 31,
2021		 
Subsidy   1,812,759    2,212,938 
Total  $1,812,759   $2,212,938 

 

Subsidy mainly consists of an incentive granted by the Chinese government to encourage transformation of fixed assets in China and other miscellaneous subsidy from the Chinese government. As of December 31, 2022, grant income decreased by $0.40 million, as compared to December 31, 2021. The change was mainly due to timing of incurring qualifying expenses.