Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash	$ 108,226,214	$ 95,767,263
Accounts receivable, net	5,363,166	14,525,807
Inventories, net	1,598,572	691,111
Prepayments and deposits	4,236,782	4,450,037
Other receivables	637	644
Total current assets	119,425,371	115,434,862
Non-Current Assets
Property, plant and equipment, net	149,916,766	162,657,546
Finance lease right-of use assets	163,868	184,824
Operating lease right-of-use assets	8,098,427	8,311,127
Prepaid land leases, net of current portion	9,508,001	10,368,469
Deferred tax assets, net	5,318,909	12,900,034
Total non-current assets	173,005,971	194,422,000
Total Assets	292,431,342	309,856,862
Current Liabilities
Accounts payable and accrued expenses	7,823,722	10,530,776
Taxes payable-current	699,563	775,708
Amount due to a related Party	2,605,694	1,849,044
Finance lease liability, current portion	213,346	227,429
Operating lease liabilities, current portion	433,440	506,579
Total current liabilities	11,775,765	13,889,536
Non-Current Liabilities
Finance lease liability, net of current portion	1,461,721	1,770,526
Operating lease liabilities, net of current portion	7,575,651	7,557,583
Total non-current liabilities	9,037,372	9,328,109
Total Liabilities	20,813,137	23,217,645
Commitment and Contingencies
Stockholders’ Equity
COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 10,717,754 and 10,517,754 shares issued; and 10,431,924 and 10,471,924 shares outstanding as of December 31, 2022 and 2021	24,476	24,376
Treasury stock; 285,830 and 45,830 shares as of December 31, 2022 and 2021 at cost	(1,372,673)	(510,329)
Additional paid-in capital	101,237,059	100,569,159
Retained earnings unappropriated	158,089,535	150,463,638
Retained earnings appropriated	26,667,097	24,233,544
Accumulated other comprehensive income (loss)	(13,027,289)	11,858,829
Total Stockholders’ Equity	271,618,205	286,639,217
Total Liabilities and Stockholders’ Equity	$ 292,431,342	$ 309,856,862

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Name:	us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 310
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126942793&loc=d3e3073-115593

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(5))
-URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910