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v3.21.1

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) | Ordinary shares | Additional Paid-In Capital | Retained earnings Statutory Reserve | Retained Earnings Unrestricted | Accumulated Other Comprehensive Income | Noncontrolling Interest | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balances at beginning at Dec. 31, 2017 | $ 33,000 | $ 12,831,969 | $ 913,739 | $ 7,514,858 | $ 517,197 |  | $ 21,810,763
Balances at beginning (in shares) at Dec. 31, 2017 | 33,000,000 |  |  |  |  |  |
Underwriter's partial exercise of over-allotment option, net of issuance costs |  |  |  |  |  |  |
Net income |  |  |  | 7,919,408 |  |  | 7,919,408
Statutory reserves |  |  | 264,693 | (264,693) |  |  |
Foreign currency translation |  |  |  |  | (1,474,126) |  | (1,474,126)
Balances at ending at Dec. 31, 2018 | $ 33,000 | 12,831,969 | 1,178,432 | 15,169,573 | (956,929) |  | 28,256,045
Balances at ending (in shares) at Dec. 31, 2018 | 33,000,000 |  |  |  |  |  |
Issuance of ordinary shares upon initial public offering, net of issuance costs | $ 2,000 | 7,415,077 |  |  |  |  | 7,417,077
Issuance of ordinary shares upon initial public offering, net of issuance costs (in shares) | 2,000,000 |  |  |  |  |  |
Underwriter's partial exercise of over-allotment option, net of issuance costs | $ 141 | 524,803 |  |  |  |  | 524,944
Underwriter's partial exercise of over-allotment option, net of issuance costs (in shares) | 141,114 |  |  |  |  |  |
Net income |  |  |  | 9,073,954 |  |  | 9,073,954
Statutory reserves |  |  | 111,333 | (111,333) |  |  |
Foreign currency translation |  |  |  |  | (521,738) |  | (521,738)
Balances at ending at Dec. 31, 2019 | $ 35,141 | 20,771,849 | 1,289,765 | 24,132,194 | (1,478,667) |  | 44,750,282
Balances at ending (in shares) at Dec. 31, 2019 | 35,141,114 |  |  |  |  |  |
Capital contribution | $ 3,413 | 2,694,633 |  |  |  |  | 2,698,046
Capital contribution, shares | 3,412,580 |  |  |  |  |  |
Underwriter's partial exercise of over-allotment option, net of issuance costs |  |  |  |  |  |  |
Net income |  |  |  | 8,169,613 |  | 111,404 | 8,281,017
Statutory reserves |  |  | 914,409 | (914,409) |  |  |
Foreign currency translation |  |  |  |  | 3,220,363 |  | 3,220,363
Balances at ending at Dec. 31, 2020 | $ 38,554 | $ 23,466,482 | $ 2,204,174 | $ 31,441,884 | $ 1,741,696 | $ 111,404 | $ 58,949,708
Balances at ending (in shares) at Dec. 31, 2020 | 38,553,694 |  |  |  |  |  |

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