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Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
NET REVENUE        
Net revenue $ 11,148,008 $ 5,359,483 $ 16,407,251 $ 5,917,153
OPERATING INCOME (EXPENSE)        
Cost of net revenue (6,915,774) (5,022,896) (11,097,163) (5,944,216)
Sales, marketing and other operating expenses (15,625) (10,838) (25,170) (13,081)
Direct labor and factory overheads incurred during plant shutdown (1,394,717) (1,737,599) (4,008,200) (5,348,022)
General and administrative expenses (5,204,701) (1,541,702) (6,940,951) (2,385,039)
Other operating income (loss) 0 0 0 (15,776)
Total operating expense (13,530,817) (8,313,035) (22,071,484) (13,706,134)
LOSS FROM OPERATIONS (2,382,809) (2,953,552) (5,664,233) (7,788,981)
OTHER INCOME (EXPENSE)        
Interest expense (39,368) (34,888) (76,230) (70,316)
Interest income 75,437 71,188 147,890 145,844
LOSS BEFORE TAXES (2,346,740) (2,917,252) (5,592,573) (7,713,453)
INCOME TAX BENEFIT (356,480) 672,633 387,229 1,929,076
NET LOSS (2,703,220) (2,244,619) (5,205,344) (5,784,377)
COMPREHENSIVE LOSS:        
NET LOSS (2,703,220) (2,244,619) (5,205,344) (5,784,377)
OTHER COMPREHENSIVE LOSS        
- Foreign currency translation adjustments 5,334,236 221,869 3,149,546 (4,293,490)
COMPREHENSIVE LOSS $ 2,631,016 $ (2,022,750) $ (2,055,798) $ (10,077,867)
LOSS PER SHARE:        
BASIC AND DILUTED $ (0.26) $ (0.24) $ (0.50) $ (0.61)
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC AND DILUTED 10,469,477 9,517,427 10,469,477 9,517,427