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Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
NET REVENUE        
Net revenue $ 17,753,669 $ 10,482,185 $ 34,160,920 $ 16,399,338
OPERATING INCOME (EXPENSE)        
Cost of net revenue (8,197,697) (6,750,055) (19,294,860) (12,694,271)
Sales, marketing and other operating expenses (19,035) (15,785) (44,205) (28,866)
Direct labor and factory overheads incurred during plant shutdown (1,229,058) (1,538,193) (5,237,258) (6,886,215)
General and administrative expenses (1,209,818) (4,911,970) (8,150,769) (7,297,010)
Other operating income (loss) (86) 0 (86) (15,775)
Total operating expense (10,655,694) (13,216,003) (32,727,178) (26,922,137)
INCOME(LOSS) FROM OPERATIONS 7,097,975 (2,733,818) 1,433,742 (10,522,799)
OTHER INCOME (EXPENSE)        
Interest expense (32,420) (32,257) (108,650) (102,573)
Interest income 73,707 70,819 221,597 216,662
Other (income) expenses 4,636 0 4,636 0
INCOME(LOSS) BEFORE TAXES 7,143,898 (2,695,256) 1,551,325 (10,408,710)
INCOME TAX BENEFIT (1,750,283) (217,325) (1,363,054) 1,711,751
NET INCOME(LOSS) 5,393,615 (2,912,581) 188,271 (8,696,959)
COMPREHENSIVE LOSS:        
NET INCOME(LOSS) 5,393,615 (2,912,581) 188,271 (8,696,959)
OTHER COMPREHENSIVE LOSS        
- Foreign currency translation adjustments (1,272,449) 11,120,339 1,877,097 6,826,849
COMPREHENSIVE INCOME(LOSS) $ 4,121,166 $ 8,207,758 $ 2,065,368 $ (1,870,110)
INCOME(LOSS) PER SHARE:        
BASIC AND DILUTED $ 0.52 $ (0.30) $ 0.02 $ (0.91)
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC AND DILUTED 10,469,477 9,566,333 10,469,477 9,533,729