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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 100,301,986 $ 178,998,935
Accounts receivable 4,877,106 0
Inventories, net 690,087 0
Prepayments and deposits 1,332,970 8,096,636
Prepaid land leases 0 235,459
Other receivables 559 12,506
Total Current Assets 107,202,708 187,343,536
Non-Current Assets    
Property, plant and equipment, net 137,994,949 82,282,630
Finance lease right-of-use assets 179,526 250,757
Operating lease right-of-use assets 8,817,884 0
Prepaid land leases, net of current portion 9,115,276 9,639,009
Deferred tax assets 15,940,642 19,030,858
Total Non-Current Assets 172,048,277 111,203,254
Total Assets 279,250,985 298,546,790
Current Liabilities    
Payable and accrued expenses 1,106,048 905,258
Retention payable 3,805,483 332,416
Taxes payable-current 779,623 1,188,687
Finance lease liability, current portion 198,506 197,480
Operating lease liabilities, current portion 416,604 0
Total Current Liabilities 6,306,264 2,623,841
Non-Current Liabilities    
Finance lease liability, net of current portion 1,905,772 2,069,545
Operating lease liabilities, net of current portion 7,931,849 0
Total Non-Current Liabilities 9,837,621 2,069,545
Total Liabilities 16,143,885 4,693,386
Commitment and Contingencies
Stockholders' Equity    
PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding 0 0
COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 9,562,444 and 9,410,588 shares issued; and 9,516,614 and 9,360,758 shares outstanding as of December 31, 2019 and December 31, 2018 23,904 23,525
Treasury stock; 45,830 and 49,830 shares as of December 31, 2019 and December 31, 2018 at cost (510,329) (554,870)
Additional paid-in capital 95,043,388 95,020,808
Retained earnings unappropriated 159,808,400 185,608,445
Retained earnings appropriated 24,233,544 24,233,544
Accumulated other comprehensive loss (15,491,807) (10,478,048)
Total Stockholders' Equity 263,107,100 293,853,404
Total Liabilities and Stockholders' Equity $ 279,250,985 $ 298,546,790